New Hampshire Continental Bounties in 1777: A model for the Army College Fund?

Early on I learned my ancestor, Isaac Frye, recruited a company of soldiers for the Continental Army in early 1777.  He ranked as a captain at that time, and records show was given 300£, for to be paid as bounties to induce the men to enlist.

For years, I took that literally, i.e., he was given species as in hard sterling silver money.  In those days that was enough money to buy a nice plot of land. Read more