The Other Texian Loan–The Infamous Confederate Beaver Bond
75. TEXAS. CONFEDERATE STATE. Engraved pictorial Texas Confederate Bond completed in manuscript and signed in ink by Texas Confederate Governor F. R. Lubbock and Treasurer C. H. Randolph: $1,000...Texian Loan of One Million Dollars, Issued under an Act of the Legislature, April 8th, 1861.... Austin, [January 1st], 186. 36 x 40 cm (14-1/8 x 15-3/4 inches). Very good, with a few short tears (no losses).
Engraved by J. Douglas at New Orleans, this is a rare example of the infamous Beaver Bond, so named because of the pictorial vignette at top showing a man wearing beaver hat and carrying a musket. After the Civil War ended, the bonds were not paid because the State of Texas claimed the State government under the Confederacy was illegal, and thus the bonds were null and void. ($750-1,500)
Image (click to enlarge)
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