Benton County Historical Society Exhibitions Curator Mark
Tolonen suggested the item below as the subject for the blog saying, “there are
probably a lot of stories that could be learned from this one note.” He was
certainly correct.


This tattered paper is a two-thirds dollar note issued by
the colonial assembly of Maryland. British policy kept the American colonies
chronically short of money which made transactions difficult. Colonists
resorted to using native wampum and tobacco and tobacco notes (certificates of
inspection). Finally, in 1733, the colony began to issue paper money,
denominated in shillings and backed by tobacco and securities of the Bank of
England. In 1767, Maryland began issuing
currency in dollar denominations instead of shillings. Although the term
“dollar” was in common use, this was the first official dollar currency.
Two-third dollar seems like an odd amount but it was chosen because it equaled
3 British shillings. The note shown above was issued in 1774, the last time
colonial Maryland printed any currency.
The note is tattered because currency was still scarce in the colonies
so each bill was kept in circulation for a long time.
The front of the note says “Two Thirds of a Dollar. / [No.
10365 / This Indented BILL of Two thirds of a DOLLAR shall entitle the Bearer
thereof to receive Bill of Exchange payable in LONDON, or Gold or Silver at the
Rate of four SHILLINGS and SIX PENCE Sterling for the said Bill, according to
the Directions of an Act of Assembly of MARYLAND.” If you look closely at the
image, you can see a caret under the “h” in first appearance of the word
“Third.” This was one of many “secret” marks the official printers use to try
to discourage counterfeiting. There are several others but they are hard to
see. The idea was that counterfeiters would assume these were errors introduced
by other counterfeiters and correct them.
It didn't work.
The reverse shows a practice, introduced by Benjamin
Franklin, which was also designed to deter counterfeiters. A wet cloth was
placed over a smooth plaster and then leaves or other plant material put on
top. The plaster hardened under pressure to become a mold for a copper printing
plate. The fine lines and detailed patterns were difficult for counterfeiters to
duplicate.
The reverse also notes that it was printed by A.C. and ____ Green. What is noteworthy is that A. C. Green was a
woman: Anne Catharine Hoof Green.
Anne Catharine Hoof was born in the Netherlands around 1720
and later emigrated with her parents. In 1738 She married Jonas Green, the son
of printers, in Philadelphia. They moved
to Annapolis Maryland and set up a print shop in their home which published a
newspaper, the Maryland Gazette.
Jonas also had a contract with the Maryland Assembly to publish official
documents.
After Jonas died in debt in 1767, Anne Catharine took over, continuing to
publish the newspaper and completed the work the government had commissioned.
She made a success of the business, paying off the debt and winning the position
as official printer. The unreadable other initial is probably an F for her son
Frederick who helped his mother in the business and took over after she died in
1775. She was the first, or at least one of the first, women printers and
publishers in America.
By Martha Fraundorf, Volunteer for Benton County Historical Society, Philomath, Oregon