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THBMIRABEAU B. LAMAR, SIGNED BY PROXY, A REPUBLIC OF TEXAS $5,000,000 BOND, WASHINGTON AND
Lot 202
About Seller
Simpson Galleries
6116 Skyline Drive, Suite 1
Houston, TX 77057
United States
Simpson Galleries has been serving Houston’s need for the very best in antique sales venues for more than fifty years. Beginning in 1962, William Simpson started educating himself and others in the art of collecting fine antiques and art objects. Simpson Galleries' commitment to excellence and accur...Read more
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Live Auction in Progress ... Currently on Lot Estimate:
$1,000 - $2,000
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Bid Increments
| Price | Bid Increment |
|---|---|
| $0 | $25 |
| $500 | $50 |
| $1,000 | $100 |
| $2,000 | $250 |
| $5,000 | $500 |
| $10,000 | $1,000 |
| $20,000 | $2,500 |
| $50,000 | $5,000 |
| $100,000 | $10,000 |
| $200,000 | $25,000 |
About Auction
Live
By Simpson Galleries
May 21, 2022
Set Reminder
2022-05-21 10:00:00
2022-05-21 10:00:00
America/New_York
Bidsquare
Bidsquare : Fine Art & Antiques
https://www.bidsquare.com/auctions/simpson/fine-art-antiques-9312
Including Fine Art, Works on Paper, Asian Antiques, Continental Furniture, European Decorative Arts, Jewelry, Carpets and Rugs, Contemporary Art, and Mid Century Modern Design. Simpson Galleries online_auctions@simpsongalleries.com
Including Fine Art, Works on Paper, Asian Antiques, Continental Furniture, European Decorative Arts, Jewelry, Carpets and Rugs, Contemporary Art, and Mid Century Modern Design. Simpson Galleries online_auctions@simpsongalleries.com
View Full Catalog (496)
- Lot Description
MIRABEAU B. LAMAR, SIGNED BY PROXY, A REPUBLIC OF TEXAS $5,000,000 BOND, WASHINGTON AND PHILADELPHIA, MAY 16, 1838 - JULY 1, 1839, lithograph and manuscript ink on wove paper, unissued, No. 23, signed, "M. B. Lamar," President of Texas by his Commissioners, undersigned, "J. Hamilton," and "A.T. Burnley," and countersigned, "R.G. Dunlap," Minister of Texas to the U.S. at Washington, with embossed seal of Texas, below with attached sixty coupons with corresponding bond number to be redeemed January 1, 1840 - July 1, 1869 and be paid in one hundred pounds sterling, printed by Draper, Toppan, Longacre & Co., Philadelphia and New York, margins with an unnamed schooner at sea flying the Burnet Flag rondel opposed by a flowering cotton plant in landscape rondel framed within profuse feathery ornamentation, verso in English and French citations regarding Acts of Congress. 18 1/2" x 15" Note: The present document boasts an astounding $5,000,000 bond with ten percent interest. The bond was approved by Acts of Congress and the President of the Republic of Texas to raise funds for the foundling nation; it was created for explicit use by two land commissioners and a minister of Texas to acquire fiduciary support from international bodies. The three men were given permission to sign for the duly elected president. By the middle of Mirabeau B. Lamar's presidency it became evident that the lack of a Texas navy was a strategic disadvantage; his action was required. $5,000,000 was the largest sum the President of Texas was allowed to borrow. The symbolic clue of the unnamed vessel and cash crop pictured in the margin perhaps gives insights into the necessity of the international financial investment requests, highlighting the Republic of Texas' lack of maritime protections, but nevertheless unbridled potential for agricultural success. Only one other example of this amount is extant in the University of Houston digital collection (ID 1973-001, Box 2, Folder 89), and is also unissued. The Texas State Handbook Online sites that the second Texas Navy was commissioned March 1839. By December 1841 the document was null and void as Sam Houston succeeded the seat of President of Texas, providing a small window for such a rare and magnificent document of earnest presidential financial pursuits in the name of the Republic of Texas. Provenance:Tears, cancellation marks, acid biting and yellow tone, tattered edges, Lamar signature signed by proxy. Unframed. Simpson Galleries strongly encourages in-person inspection of items by the bidder. Statements by Simpson Galleries regarding the condition of objects are for guidance only and should not be relied upon as statements of fact and do not constitute a representation, warranty, or assumption of liability by Simpson Galleries. All lots offered are sold "AS IS.”
Condition
- Shipping Info
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**SIMPSON GALLERIES, LLC. DOES NOT PROVIDE SHIPPING SERVICES OR SHIPPING QUOTES.** Shipping may be secured through - The UPS Store: owner1656@theupsstore.com 713-781-5651, PACK-N-SEND: sales@pack-n-send.com 713-266-1450, ACTS Crating and Transportation Services: 2BOX@ACTSCRATING.COM 713-869-2269, NAVIS Pack & Ship: 17013tx@gonavis.com 713-352-3038, BGX Couriers: bgxcourier@gmail.com 803-563-7669, or the shipper of your choice. We are open for shipper pick-up Tuesday - Thursdays from 10 am to 3 pm or by appointment.
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