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5 Dollars U.S.A. Bond of the State of Louisiana
| Issuer | State of Louisiana |
|---|---|
| Year | 1880 |
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| Currency | Dollar (1785-date) |
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|---|---|
| Obverse lettering | (cursive) Issued for Certificate No.______ Series 187___ 5 United States of America 5 BOND OF THE STATE OF LOUISIANA (serial number in red) FIVE DOLLARS (cursive) Payable to Bearer January 1st 1886, or sooner at the pleasure of the State at the Office of the Treasury of the State, with Interest as per Coupons annexed. E M Bunker (signature) Treasurer. Louis A Weltz (signature) Governor. (annexed coupons on the right) (Serial number in red) State of Louisiana 7 1/2 CENTS PAYABLE (date FEB 1ST or AUG 1ST year of issue through 1886) (signature) E M Bunker |
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| Signature(s) | E M Bunker and Louis A Weltz |
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| Comments |
Louisiana's post-Reconstruction bond obligations were a financial minefield by 1880. The state had spent the 1870s cycling through debt repudiation schemes and partial settlements, and these small-denomination bonds were part of an effort to consolidate and acknowledge outstanding obligations after the return of Democratic ("Redeemer") government following the end of federal occupation in 1877. Whether holders were actually paid in full, on time, or at all depended heavily on which legislative session was in power and which earlier repudiation statutes had been selectively revived.
E.M. Bunker served as State Treasurer; Louis A. Weltz as Auditor of Public Accounts — both signatories were officeholders during the Nicholls administration.