PRESIDENT MILLARD FILLMORE - BOND SIGNED 09/15/1848 CO-SIGNED BY: ARCHIBALD CAMPBELL, J. W. FAIRFIELD, J. VAN RENSSELAER - HFSID 32153
Sale Price $1,530.00
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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