Description: These 1870s bonds come with an interesting history. At the close of the Civil War, the federal government imposed a large tax on state bank notes. The state of Louisiana issued small bank notes and disguised them as interest-bearing bonds. These $5.00 Baby Bonds have a picture of a baby on the front. Thus the state avoided the tax. Everyone knew that they were worth the same as federally approved currency, so they were used throughout the state. Also Available in Uncut sheet of 4 Bonds, neatly hole cancelled at $75. Single Bond Uncanceled at $29. Single Bond, neatly hole cancelled at $18. In the 1880s Louisianas State Treasurer, Edward Burke or Burk, had used the original plates to reprint these bonds with identical numbers. About $300,000 in counterfeit Baby Bonds were discovered in his safe deposit box. He fled to Brazil. These genuine $5.00 Baby Bonds each have their own serial number and Ed Bunkers facsimile signature. They make a great addition to any collection because of their size (51/2" x 31/4"), baby denomination, baby 71/2 coupons and charming vignette of a baby. Edward Austin Burke or Burk (September 13, 1839 " September 24, 1928), was the Democratic State Treasurer of Louisiana following Reconstruction. Burke later fled to Honduras after it was discovered that there were misappropriations of state treasury funds. While in Honduras Burke became a major land owner and held government positions within Honduras' nationalized railway systems. He remained an exile until his death nearly four decades later. Read more at https://en.wikipedia.org/wiki/Edward_A._Burke Item ordered may not be exact piece shown. All original and authentic.
Price: 110 USD
Location: Portsmouth, New Hampshire
End Time: 2024-03-12T19:38:39.000Z
Shipping Cost: 6.25 USD
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
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