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- You will recieve the exact item shown.
Item Description:
Includes an archival grade document sleeve.
- Origin: Louisiana, United States
- Authority: State of Louisiana
- Date: 1886
- Denomination: 5 dollar bond
- Size: 6 x 3 inches
- Face Side: BOND OF THE STATE OF LOUISIANA FIVE DOLLARS 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. - Engraving of a baby
- Back Side: THIS BOND IS ISSUED UNDER THE PROVISIONS OF THE CONSTITUTION OF THE STATE OF LOUISIANA ADOPTED IN 1879. AND OF ACT 104. APPROVED APRIL 10,1880 - In blue-green ink
- Notes: After the Civil War, the federal government introduced a substantial tax on state bank notes. Louisiana cleverly avoided this tax by issuing bank notes that resembled bonds with interest coupons. These were known as $5 "Baby Bonds," named for the image of a baby engraved on them. People in Louisiana recognized their value as equivalent to official currency, and used them like regular bank notes. This authentic $5 Baby Bond includes a unique serial number and the facsimile signature of Ed Bunker, Louisiana's state treasurer.
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