| Y/M/D | Description | Place |
|---|---|---|
| 1737/02/00 | Due to a shortage of government coins, private groups loan paper money. Land Banks provide loans using real estate as collateral, which is more accessible than Silver Banks which issue money backed by silver as organized by wealthy Boston merchants. | |
| 1739/12/00 | John Colman secures almost 400 subscribers in a scheme to issue paper money secured by real estate mortgages. The Directors of his 'Land Bank' include Robert Auchmuty, William Stoddard and Samuel Adams. | |
| 1740/03/00 | The Committee of the General Court, appointed to investigate the Landbank scheme and the Silver Scheme, reports unfavorably on the Land Bank. The Massachusetts House votes to defer a decision until May and prohibits both groups from issuing loans. | Old State House, Boston |
| 1740/05/00 | The Governor Belcher and Council are hostile to mortgage backed loans, which is available to more citizens, but are in favor of bills back by silver as organized by wealthy Boston merchants. The Massachusetts House supports mortgage bank schemes. | Old State House, Boston |
| 1740/06/15 | A petition is presented to His Majesty's General Court from subscribers in Ipswich, written by John Choate, which strongly supports the Land Bank, signers include Francis Choate, Andrew Burley, Nathaniel Wells, Robert Choate, John Boardman and others. | Ipswich, Massachusetts |
| 1740/07/30 | The Land Bank, also known as Manufactory Scheme, has almost 800 subscribers. Six of the leading members of the Massachusetts House are Directors and many of the members are subscribers. | |
| 1740/11/01 | A Proclamation is issued by the Colonial Governor Belcher, forbidding all persons holding commissions in the militia "to have any hand in this scheme for defrauding the people." | |
| 1740/11/10 | Robert Choate and Justice of the Peace Samuel Adams, resign from their government positions. | |
| 1740/12/31 | Worthy Sir: As to the complaint Exhibited against me for Receiving and Passing Manufactory Bills Since His Excellency's Proclamation, I freely acknowledge I have Done and am determined so to do at present. I am Sir, Your humble Servant, Andrew Burley | |
| 1741/01/01 | Justice of Peace, Major Ammi Ruhamah Wise of Ipswich, along with several others, is removed from office for receiving and passing the notes of the Land Bank "and persisting therein". | |
| 1741/05/27 | A new Assembly meets to make a decision on granting a charter to the Land Bank, but as the Assembly is evidently in favor of the Bank Governor Belcher dissolves it and orders a new election. | Old State House, Boston |
| 1741/07/00 | The British Parliament declares all the transactions of the Land Bank illegal and void and orders that they should be entirely abandoned on or before 29 Sept 1741, under penalty of treble damages. | |
| 1742/09/28 | Land Bank Directors declare that their financial scheme has been relinquished. The Deacon Adams comes close to financial ruin. | |
| 1742/10/00 | Due to his family's financial hardships, Sam Adams Jr pays for his graduate degree at Harvard by waiting on tables in the common dining hall. | Massachusetts Hall, Harvard U, Cambridge, MA |
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