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  • Cooke, Jay and Company]

    Published by [Philadelphia, 1865

    Seller: William Reese Company - Americana, New Haven, CT, U.S.A.
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    Association Member: ABAA ILAB

    Seller Rating: 5-star rating

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    Broadsheet, 30 x 21 1/2 inches. Old folds, separation at folds. Loss at edges, affecting some text. Still good. Large broadsheet circular issued by Jay Cooke & Company proclaiming the virtues of the 7-30 Treasury Note. The top third of each side bears a large woodcut eagle, the front emblazoned with the title in bold type and the eagle holding a banner in its beak which reads: "Our National Debt May be a National Blessing!" The verso has the same eagle with the headline "Patriotic Songs!" and a banner which reads: "Your Sons and your Money on your Country's Altar!" The circular is filled with articles which detail the ways in which the debt is a blessing and how your purchase of 7-30 bonds is a patriotic duty. Seven-thirty notes were three year treasury notes which bore interest at a rate of 7.30%. They were first issued in 1861 to help fund the Union war effort, and were again issued in 1864 and 1865. Jay Cooke (1821-1905) has been called "the financier of the Civil War" because of his firm's wild success at marketing treasury bonds such as the 7-30 note. A striking broadsheet.