Scope and Content: To cover expenses of the War of 1812, Massachusetts banks per their acts of incorporation loaned money to the Commonwealth and received in exchange notes from the state treasurer.  Per St 1814, c 148 (Feb. 28, 1815), the banks could surrender these notes to the treasurer by Apr. 1, 1815 and receive the accumulated interest at 6% and Massachusetts bond (then called stock) certificate(s) for the principal, which would again bear 6% interest payable semiannually.  St 1816, c 88 (Dec. 11, 1816) provided that the treasurer pay three fifths of the balance of the war loans starting Feb. 20, 1817, the funds for this to be provided by a sale of stock to banks per Resolves 1816 c 79 (Nov. 20, 1816).  Holders were then issued new 6% notes for the remaining two fifths value.  The remaining two fifths were paid starting Sept. 10, 1817 per St 1817, c 42 (June 16, 1817), the funds to be provided by sale of stock to Union Bank.
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