LOT Old Heritage Auctions  /  2007 December Signature Texana Auction #661  / 

56015

Contributions for Tobacco Factory at Saltillo

Currency:USD Category:Collectibles / Paper Start Price:725.00 USD Estimated At:1,250.00 - 1,750.00 USD
Contributions for Tobacco Factory at Saltillo
<B>[Circular] </B></I><B><I>Lista Que Manifiesta el prestamo y Donativo voluntario que en reales y efectos han hecho los Pueblos del Estado para el establecimiento de la Fabrica de Tabacos de esta Capital en virtud de la circular expedida por este Gobierno con fecha 20.</B></I></B></I> <B><I>De Marzo de este ano, y se publica por disposicion del Honorable Congreso de 30 de Junio del mismo. </B></I></B></I>[Saltillo]. [Samuel Bangs]. [May 8, 1825]. Four-page folder printed on all [4] pages. Imperial Octavo. [At end:] <I>Sala Capitular de Bejar 8. de mayo de 1825 - Juan Martin de Beramendi.- - Imprenta del Gobierno a cargo del C. Jose Maria Praxedis Sandobal</B></I>. <BR><BR>Page [4] of the <I>Lista</B></I> gives an account of contributions made at Bexar "<I>en papel del Banco National de Texas</B></I>" for establishing a tobacco factory at Saltillo. The note states that the government could not accept these contributions since they were made in paper money. This refusal was based on a decree issued October 21, 1822, in which Political Chief Trespalacios of Texas set up a bank, the <I>Banco Nacional de Texas</B></I>, the notes of which could be used to pay the salaries of the troops pending the receipt of specie from the national government. <BR><BR>Shortly afterward, Iturbide issued a decree authorizing the Mexican government to issue paper money. This meant that the Texas notes created by Trespalacios were no longer backed 100% in specie. On February 5, 1823, a circular was issued in Mexico by the Secretary of the Treasury ordering that all Texas paper money be replaced with the new notes issued by the central government. Finally a decree dated May 8, 1829 (Streeter 747) ordered the national treasury to liquidate the amount due the citizens of San Antonio for the paper money issued by the <I>Banco Nacional de Texas</B></I>. <I>From the collection of Darrel Brown.</B></I><BR><BR><B>Reference:</B></I> Streeter 704, locating only his copy. Yale Exhibition 49. Eberstadt 162:874.<BR><BR><b>Shipping:</b> Books & Catalogs (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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