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

56151

Banco Nacional Six Million Peso Loan; 1838.

Currency:USD Category:Collectibles Start Price:725.00 USD Estimated At:1,250.00 - 1,750.00 USD
Banco Nacional Six Million Peso Loan; 1838.
<B>Banco Nacional Six Million Peso Loan Subscription for Texas War Expenses Signed</B></I> in type "<I>Pedro Jose Echeverria</B></I>" as President and "<I>Basilio Jose Arrillaga</B></I>" as Secretary, with their rubrics in ink, one page, 8" x 10.5". Mexico, February 1, 1838. On January 27, 1838, President Anastasio Bustamante authorized the Banco Nacional de Amortizacion to make a loan of six million pesos, of which three-fourths of the proceeds would be used for the expenses of the Texan war. This document begins, "<I>By the law of 27 January, this council has been authorized to contract a loan of six million pesos that will be put at the disposal of the Supreme Government to maintain the war with Texas, territorial integrity and the defense of the coasts and borders of the republic...</B></I>" Apparently the effort was unsuccessful, since on April 19, 1838 a new law was passed authorizing the government itself to float the loan. Fine condition.<I> From the collection of Darrel Brown.</B></I><BR><BR><B>Reference: </B></I>Streeter 939 applies<BR><BR><b>Shipping:</b> Flat Material, Small (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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