The Principio Company, 1774 Receipt for Iron Delivered and Signed by Samuel Clark.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:200.00 USD Estimated At:300.00 - 600.00 USD
The Principio Company, 1774 Receipt for Iron Delivered and Signed by Samuel Clark.

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Maryland. 17th February, 1774. Issued receipt for the "Accounts of Iron Delivered…From the 24th of June to the 25th of December following (1773). The bill is addressed to and signed by Samuel Clark. Printed on watermarked paper with seated Britania. VF condition with minor edge faults and rounded corners. The Principio Company formed as a joint stock company in 1720 to take advantage of new laws passed in Maryland to encourage the early iron industry. A leading iron producer during the Colonial period, Principio held Maryland’s first blast furnace, operating 1725, and first refinery forge, constructed 1728. By 1729, one of the partners was Augustine Washington, father of George Washington. In 1735, the Principio Company established a refining forge at North East to expand processing capacity which this receipt refers to. After the American Revolution, Principio made cannons and other ordnance until the British destroyed the complex in a raid during the War of 1812. Historic Maryland document of one of the first major iron companies in the U.S.