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Sale 38 Lot 545

JAMES MADISONAttractive partly-printed D.S. "James Madison" as President, 1p. folio parchment, Washington, June 20, 1811, a scallop-topped ship's paper issued to the "Brig Sally of Philadelphia, Humphrey Hughes, master", 48 tons with no guns, boldly signed by Madison and Secretary of State ROBERT SMITH at bottom. Usual folds and light toning, engrossment just the slightest bit light, else better than most we've seen.
Estimate $ 700-900

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