Benjamin Franklin Papers
Documents filtered by: Author="Franklin, Benjamin" AND Recipient="Norris, Isaac" AND Correspondent="Franklin, Benjamin" AND Correspondent="Norris, Isaac"
sorted by: date (ascending)

Record of Stock Purchases, July 1761–August 1761

Record of Stock Purchases

Copy:2 Historical Society of Pennsylvania

I. N.
1761 July 5th. paid for £10,000 Scrip of 17613
the preceeding Payments being made £4,800: —:
28 paid for this Monthly Payment 1,000: —:
Augst. 14 paid the Remaining Payments 3,000: —:
£8,800: —:
£10,000 Stock at 88 P Ct. per London Chron. No. 707 from July to July 7: 17614
Commission £4,800. for Brokers 12: 10:
£8,812: 10:
do. Cash recd for advanced Payments made this day on the Scrip5 16: 7: 10
Nt Cost of £10,000 Stock £8,796: 2: 2

Endorsed: July. 1761 Ten thousand Pound Scrip at 88 per Cent. the Net Cost £8,796. 2. 2 No. 4

[Note numbering follows the Franklin Papers source.]

2In a clerk’s hand. The endorsement, I.N., in the left-hand corner shows that BF submitted this document, as he did every other paper relating to his stock purchases for the province, to Speaker Norris.

3This was BF’s final purchase on the province’s behalf. Between December 1760 and August 1761 he had paid £26,977 19s. 8d. (including broker’s commissions and deductions for pre-payments) for stock whose face value was £30,000. See above, pp. 254, 313. BF recorded the present series of payments in his “Account of Expences,” p. 60; PMHB, LV (1931), 131.

4London Chron., number 707 (July 4–7, 1761), lists the price of “Scrip. 1761” at “88 a 87⅜.”

5BF recorded receiving this sum in “Account of Expences,” p. 61; PMHB, LV (1931), 131.

Index Entries