1780's dated Connecticut Line Bond signed by Peter Colt, Grandfather of Samuel C For Sale

Signed by Peter Colt as Treasurer, Grandfather of Gun Maker Samuel Colt and dated 1782. Bonds are Crisp Uncirculated. Made out to soldiers either lost in action or possibly deserted. Very Rare!! Peter Colt was the Connecticut State Treasurer from 1790 to 1794. The Connecticut Line was a formation within the Continental Army. The term "Connecticut Line" referred to the quota of numbered infantry regiments assigned to Connecticut at various times by the Continental Congress, the size of its allocation determined by the size of its population relative to that of other states. These, together with similarly apportioned contingents from the other twelve states, formed the Continental Line. The concept was particularly important in relation to the promotion of commissioned officers. Officers of the Continental Army below the rank of brigadier general were ordinarily ineligible for promotion except in the line of their own state. In the course of the war, 27 infantry regiments were assigned to the Connecticut Line. This included the eight provincial regiments of 1775, Wooster's Provisional Regiment (formed by consolidation of the remnants of the original 1st, 4th, and 5th Regiments), the five numbered Continental regiments of 1776, the eight Connecticut regiments of 1777, S.B. Webb's Additional Continental Regiment, which later became the 9th Connecticut Regiment, and four new regiments created by consolidation in 1781. Read more at Item ordered may not be exact piece shown. All original and authentic.