"A promissory note from New York City, called the second Water Works issue. (The first issue, which was the first paper currency issued by an individual city, was from August 25, 1774). Printed by Hugh Gaine with red and black on the front and black on the back. The front has a border cut at the top but the other borders are type set. The cut is by Elisha Gallaudet who also did the illustration on the back of a steam operated water pump proposed by Christopher Colles. The back of these bills has a darker and coarser paper than the front. A 1s note was authorized but never issued. Denominations issued were: 2s, 4s and 8s."
Serial # 2440 New York 8 / 2 / 1775
