Bond of the State of Louisiana, Five Dollars - 1886 - Louisiana, USA

Includes an archival grade document sleeve. Origin: Louisiana, United States Authority: State of Louisiana Date: 1886 Denomination: 5 dollar bond Size: 6 x 3 inches Face Side: BOND OF THE STATE OF LOUISIANA FIVE DOLLARS Payable to Bearer January 1st 1886, or sooner at the pleasure of the State at the Office of the Treasury of the State, with Interest as per Coupons annexed. E M Bunker (signature) Treasurer. Louis A Weltz (signature) Governor. - Engraving of a baby Back Side: THIS BOND IS ISSUED UNDER THE PROVISIONS OF THE CONSTITUTION OF THE STATE OF LOUISIANA ADOPTED IN 1879. AND OF ACT 104. APPROVED APRIL 10,1880 - In blue-green ink Notes: After the Civil War, the federal government introduced a substantial tax on state bank notes. Louisiana cleverly avoided this tax by issuing bank notes that resembled bonds with interest coupons. These were known as $5 "Baby Bonds," named for the image of a baby engraved on them. People in Louisiana recognized their value as equivalent to o