Coupon bonds for the Boston and Portland Railroad, 1839-1859.

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Coupon bonds for the Boston and Portland Railroad, 1839-1859.

Pursuant to St 1839, c 145, the state treasurer was authorized to issue scrip or certificates of debt to raise funds to aid in the construction of the Boston and Portland Railroad. Coupon certificates, issued in 1839 and valued at $1,000, were due in 1859 with interest paid at five percent per annum.

Partial doc. box.

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Massachusetts. Treasury Office

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Throughout the provincial period, Massachusetts towns were periodically assessed by the Treasury with taxes for the defraying of public charges and support of the government. This practice increased in importance and frequency during the Revolutionary War, as individual colonies became largely responsible for financial support of the war effort. Resolves 1777-78, c 398 (Oct. 9, 1777), dictated that all Massachusetts financial support of the war was thenceforth to be based on taxation only, with ...

Boston and Portland Rail Road

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