Monday, July 4, 2016

Archives International Auctions - part XXXIV


The United States of America
3% (Spanish-American War) Loan of 1898-1918
bond for $20 including complete sheet of coupons
Lot 481 in AIA's XXXIV auction
The Guerra Hispano-Americana was a conflict fought between Spain and the United States in 1898. Officially at stake were the Cuban and Filipino struggles for independence from Spain. The US wanted to protect their economic interests (sugar trade) and saw an opportunity to increase their military naval presence overseas. The ten-week war was fought primarily in Cuba and the Philippines. After Spain's defeat, both parties signed the Treaty of Paris on December 10, 1898. As a result Spain gave up sovereignty over Cuba, ceded Puerto Rico and Guam to the US, and sold the Philippine Islands to the United States for twenty million dollars.

This bond was issued under authority of an Act of Congress entitled The War Revenue Act of 1898. The act authorized a tax on a wide range of goods and services in order to collect funds for America's participation in the Spanish–American War. The act further gave the U.S. Treasury permission to issue a two hundred million dollar war loan at 3% interest. The phrase 'An Act to provide ways and means to meet war expenditures', mentioned on the illustrated bond, refers to The Committee on Ways and Means, which is the chief tax-writing committee of the United States House of Representatives and which has jurisdiction over all taxation, tariffs, and other revenue-raising measures.



This auction contains almost 400 lots of scripophily.
  • Dates : July 26, 2016 
  • Place : Fort Lee, NJ 
  • Further info : see here , for the catalog there

F.L

1 comment:

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    Hello Everybody,
    My name is Ahmad Asnul Brunei, I contacted Mr Osman Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr Osman Loan Firm via email osmanloanserves@gmail.com

    LOAN APPLICATION INFORMATION FORM
    First name......
    Middle name.....
    2) Gender:.........
    3) Loan Amount Needed:.........
    4) Loan Duration:.........
    5) Country:.........
    6) Home Address:.........
    7) Mobile Number:.........
    8) Email address..........
    9) Monthly Income:.....................
    10) Occupation:...........................
    11)Which site did you here about us.....................
    Thanks and Best Regards.
    Derek Email osmanloanserves@gmail.com

    ReplyDelete