United States Navy Bill of Exchange, 1870 I/C Historic First Exchange Issued off of Callao, Peru.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:500.00 USD Estimated At:600.00 - 1,200.00 USD
United States Navy Bill of Exchange, 1870 I/C  Historic First Exchange Issued off of Callao, Peru.

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Callao, Peru and U.S., February 25th, 1870. $2000 I/C First of Exchange from USS 'Onward.' Portrait of George Washington at bottom and sailing ship at top with sailor along left side margin. Written Cancelled across face. Onward was launched 3 July 1852 by James O. Curtis at Medford, Massachusetts, for Reed, Wade, and Co., of Boston, Massachusetts, and operated in the merchant service between New York City, Boston, and San Francisco. Purchased by the U.S. Navy at New York City from John Ogden on 9 September 1861, for service in the American Civil War, Onward commissioned at New York Navy Yard on 11 January 1862, Acting Volunteer Lieutenant J. Frederick Nickels in command. The exchange was issued to Commander Milton Haxton and signed by him on the back on Feb, 25th, 1870 where it was evidently issued and endorsed to the Pacific Steam & Navigation Company on February, 1870 who then deposited it at the Bank of Liverpool in in England on April 2nd, 1870. The exchange also has a 1 Pound English "Foreign Bill" adhesive revenue stamp on the back. The corresponding bank of the Exchange-draft listed on the face was Baring Brothers in London. Commander Haxton was in charge of the U.S. steamer Mercedita and part of the North Atlantic Blockading fleet during the Civil War in 1865. Rare U.S. Navy bill of exchange. ABNC.