April 7th Rare Autographs, Manuscripts and Sports Auction
This lot is closed for bidding. Bidding ended on 4/7/2022
Governor Alexander G. McNutt signed an 1838 5% Loan, $2,000 uncanceled Bond. A fantastic engraved bond with 4 great vignettes and a N.Y. paper attached seal. Several rows of coupons. In fine condition.
Alexander Gallatin McNutt (January 3, 1802 – October 22, 1848) was a Mississippi attorney and politician who served as Governor from 1838 to 1842. McNutt ran successfully for governor in 1837 and served two terms, 1838 to 1842. During his term, Mississippi founded its state library and procured land for the construction of a state university, and construction was completed on the state penitentiary. During his governorship, McNutt opposed central banking, including Mississippi's Planters and Union Banks, in which the state had large ownership stakes, arguing that the stockholders and managers were corrupt. The banks sold bonds in an effort to raise revenue, which the state repudiated under McNutt's influence, leaving the state with a large debt.
With One of a Kind Collectibles LOA
State of Miss. $2000 Bond Signed by Governor Alexander McNutt, 1938
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