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| Lot # 8 PRESIDENT MILLARD FILLMORE - BOND SIGNED 09/15/1848 CO-SIGNED BY:ARCHIBALD CAMPBELL , J. W. FAIRFIELD , J. VAN RENSSELAER - Document 32153 |
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MILLARD FILLMORE
New York railroad bond signed as Comptroller and Whig nominee for Vice
President.
Partly Engraved $1000 Bond signed: "Millard Fillmore" as
Comptroller of the State of New York (and Whig nominee for Vice President),
1p, 14x8½ (14x14¾ including the interest warrants at bottom). Hudson, N.Y.,
1848 July 1. On light parchment paper. Countersigned: "J. Van
Rensselaer" as President, "J.W. Fairfield" as Secretary
(dated by him "September 15th 1848") and "Archd Campbell"
as Dep. Secretary State of New York. Fairchild has also personally
signed the remaining 32 of the 35 2¼x¾ interest warrants originally attached
to the bottom of the bond. Thirty-one are attached, one is pinned at the lower
left to an attached interest warrant. In part: "Know all Men by these
Presents, That the Hudson and Berkshire Rail-Road Company, Acknowledge
themselves indebted to the Comptroller of the State of New-York, for the use of
the holder of this Bond, in the sum of One Thousand Dollars. Lawful money of the
United States, which sum they promise to pay at the Mechanics' Bank, in the City
of New-York, to the Comptroller of the State of New-York, for the use aforesaid,
in twenty years from the date of this Bond, with interest at the rate of seven
per cent per annum, from this date payable semi-annually, on the first days of
May and November, in each year, on the presentation and delivery of the annexed
dividend warrants. This Bond is issued under the provisions of an Act of the
Legislature of the State of New-York, passed December 14th, 1847, entitled, 'An
Act to release the prior lien of the State on the Hudson and Berkshire
Rail-Road, and to authorise (sic) the Stockholders thereof to relay the
same with a heavy t rail,' which provides that the Bonds issued in pursuance
thereof (the amount authorised (sic) being limited to $175,000.) shall be
made payable to the Comptroller of the State, for the use of the holders
thereof...such bonds...shall thereupon immediately become a mortgage lien upon the
said Road and its appurtenances...." In 1847, Millard Fillmore was
elected Comptroller for the State of New York. A month before this bond
was issued, Fillmore had been nominated to be General Zachary Taylor's running
mate for Vice President at the Whig Party Convention held in Philadelphia on
June 7-9, 1848. The Whig ticket defeated Democrats Cass and Butler on
November 7, 1848. On February 20, 1849, Fillmore resigned as Comptroller
after serving just 14 months. Thirteen days later, he was sworn in as U.S. Vice
President. When President Taylor died on July 9, 1850, Fillmore became the 13th
U.S. President. Slightly shaded at folds and edges. 5 pinhead-size
cancellation holes in the area of Fillmore's signature, as is usual when bonds
are cancelled. Only 3 holes just nick the dot of the first "i," the connection
of the "l" and "a" and the crossover of the first "l" of "Fillmore", leaving an
almost unmarred signature. Vertical fold touches the bottom left of the "M" in
Millard, else fine condition.
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