Rhode Island 20 Shillings May 1786 Southwick & Barber

The Bill of Credit was part of an Act of 1786 to ammortize seven year loans on realty and known as the Tenth Bank. The legal tender provision was to be enforced by courts summarily without a jury trial. In the celebrated proceeding of Trevett vs. Weeden the law was declared invalid for denying trial by jury and therefore established the common law practice of trial by jury as a fundamental right of United States citizenry. This issue depreciated very quickly and was valued down to 10% of its original value. Over 96% of the issue was burned by the State between 1793 and 1803. "Death to Counterfeit" was required to be placed on all bills of the time.