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Auction archive: Lot number 6

SALOMON, HAYM M., American Jewish financier and patriot. Document signed twice in full and countersigned by Rachel Salomon, his wife, Philadelphia, 25 October 1781. One page, oblong folio, the top edge cut in the form of a broad arch, ON VELLUM, red ...

Auction 14.05.1992
14 May 1992
Estimate
US$5,000 - US$7,000
Price realised:
US$20,900
Auction archive: Lot number 6

SALOMON, HAYM M., American Jewish financier and patriot. Document signed twice in full and countersigned by Rachel Salomon, his wife, Philadelphia, 25 October 1781. One page, oblong folio, the top edge cut in the form of a broad arch, ON VELLUM, red ...

Auction 14.05.1992
14 May 1992
Estimate
US$5,000 - US$7,000
Price realised:
US$20,900
Beschreibung:

SALOMON, HAYM M., American Jewish financier and patriot. Document signed twice in full and countersigned by Rachel Salomon, his wife, Philadelphia, 25 October 1781. One page, oblong folio, the top edge cut in the form of a broad arch, ON VELLUM, red wax seals after Haym and Rachel's signatures and following the countersignature of witness William Rush verso with large wax seal, framed and glazed. A very attractive document bearing two signatures of Salomon. The text is written in a clear italic hand with large ornamental letters for the initial words, "This Indenture." In it, Salomon, "of the City of Philadelphia, Merchant," and his wife convey to Peter Woglom, a bricklayer "of the Northern Liberties of the said City," a lot on the south side of Sassafrass Street, between Delaware and Second Streets, for the sum of L200 in specie. Former owners are detailed: one John Parrock, then Charles Biddle, "Mariner," who in turn sold it to Salomon. Interestingly, the property is subject to a yearly rent of 8 and 3/40ths bushels of wheat, "to be paid and delivered to the Trustees of the University of the State of Pennsylvania...in even half yearly portions." A deposition at the bottom notes that Rachel Franks Salomon was questioned by a justice William Rush "secretly and apart from her husband" to ensure she understood the contract." Salomon ( ca .1740-1785) remains one of the tragic heroes of the American Revolution. Born in Poland, he fled upon the collapse of the independence movements there and established himself in New York in l772. He became a strong supporter of the cause of American independence. Twice arrested as a spy during the British occupation of New York, he bribed a jailor and escaped to Philadelphia, where he established a new brokerage house which soon prospered. Appointed paymaster general to the French troops in America, he also managed most of the war subsidies from Holland and France. He personally loaned large amounts to the Continental treasury, amounting in time to the extraordinary sum of over $650,000. "These liberal advances...furnish a singularly outstanding example of unselfish devotion to the American cause, particularly when it is remembered that his family was left practically penniless at his death" (-DAB). Documents signed by Salomon are surprisingly and inexplicably rare: one was in the Sang Collection (sold Sotheby Parke Bernet, 26 April l978, lot 260: $5,000), but since then only one other, the present example, has appeared at auction (Sotheby Parke Bernet, 26 January l983, lot 147).

Auction archive: Lot number 6
Auction:
Datum:
14 May 1992
Auction house:
Christie's
New York, Park Avenue
Beschreibung:

SALOMON, HAYM M., American Jewish financier and patriot. Document signed twice in full and countersigned by Rachel Salomon, his wife, Philadelphia, 25 October 1781. One page, oblong folio, the top edge cut in the form of a broad arch, ON VELLUM, red wax seals after Haym and Rachel's signatures and following the countersignature of witness William Rush verso with large wax seal, framed and glazed. A very attractive document bearing two signatures of Salomon. The text is written in a clear italic hand with large ornamental letters for the initial words, "This Indenture." In it, Salomon, "of the City of Philadelphia, Merchant," and his wife convey to Peter Woglom, a bricklayer "of the Northern Liberties of the said City," a lot on the south side of Sassafrass Street, between Delaware and Second Streets, for the sum of L200 in specie. Former owners are detailed: one John Parrock, then Charles Biddle, "Mariner," who in turn sold it to Salomon. Interestingly, the property is subject to a yearly rent of 8 and 3/40ths bushels of wheat, "to be paid and delivered to the Trustees of the University of the State of Pennsylvania...in even half yearly portions." A deposition at the bottom notes that Rachel Franks Salomon was questioned by a justice William Rush "secretly and apart from her husband" to ensure she understood the contract." Salomon ( ca .1740-1785) remains one of the tragic heroes of the American Revolution. Born in Poland, he fled upon the collapse of the independence movements there and established himself in New York in l772. He became a strong supporter of the cause of American independence. Twice arrested as a spy during the British occupation of New York, he bribed a jailor and escaped to Philadelphia, where he established a new brokerage house which soon prospered. Appointed paymaster general to the French troops in America, he also managed most of the war subsidies from Holland and France. He personally loaned large amounts to the Continental treasury, amounting in time to the extraordinary sum of over $650,000. "These liberal advances...furnish a singularly outstanding example of unselfish devotion to the American cause, particularly when it is remembered that his family was left practically penniless at his death" (-DAB). Documents signed by Salomon are surprisingly and inexplicably rare: one was in the Sang Collection (sold Sotheby Parke Bernet, 26 April l978, lot 260: $5,000), but since then only one other, the present example, has appeared at auction (Sotheby Parke Bernet, 26 January l983, lot 147).

Auction archive: Lot number 6
Auction:
Datum:
14 May 1992
Auction house:
Christie's
New York, Park Avenue
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