Description: Plain Jane 1 ADAMS & CO. – GOLD RUSH ERA – BILL OF EXCHANGE- 1854 DESCRIPTION 1854. 4” x 8 ¾” Adams & Co. San Francisco. Black print on blue paper. Bill of exchange with the desirable mining scene in center. Adams & Co.’s Express, an express and forwarding agency, opened in San Francisco in October 1849, on the east side of Montgomery Street, north of California Street,. In 1850, this company entered the banking business. From time to time, Adams & Co. absorbed other express companies in California and during 1851 penetrated into the more remote mining districts. Adams & Co. was the largest and most respected express agency in San Francisco and the West until its failure on February 23, 1855. It engaged in virtually every type of financial business, from forwarding gold to cashing checks. Unfortunately, the firm was engulfed in the financial panic caused by the alleged bankruptcy of the banking house of Page, Bacon & Company. Although Page was solvent, the scare resulted in a run on Adams & Co. and the closing of the latter’s doors and those of all its branches in California. Notes of exchange were essentially copies of bills done in triplicate. Usage of any one automatically cancelled out the other two. In Commercial law, a set of exchange refers to a single bill of lading drawn in a set of parts. Each such bill is valid only if the goods have not been delivered against any other part. Bills may be drawn in duplicate or triplicate, the first part being “first of exchange,” the second part being “second of exchange,” and so on. When one part has been paid, the other parts become void. Some minor fold lines,light use and handling, overall VG- F cond. (see scan). Domestic post will be $4.50 Thank you for your interest in the item. TERMS AND CONDITIONS All merchandise is unconditionally guaranteed as to originality and description.Payment is to be received within 3 days after notification.Due to several factors, we ship to U.S. only.Items are usually sent within 1-2 days upon payment. Please email me if special attention is needed.In most cases, the most cost efficient means of shipping will be offered. Books are generally sent USPS media mail.
Price: 75 USD
Location: Avondale, Arizona
End Time: 2024-12-04T05:35:56.000Z
Shipping Cost: 4.5 USD
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Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Circulated
