Offering a 14 1/4 x 19 South Carolina $1,000 bearer’s bond, March 3, 1869, with all but one of the individual coupons remaining. Beautifully executed in green with “United States of America” at the top and George Washington’s image below. Identified as a Loan for the conversion of state securities, other images include that of an African American picking cotton and a ship. The bond has been signed by ROBERT K. SCOTT, the notoriously corrupt governor of South Carolina, and NILES G. PARKER, the state treasurer.
Scott (July 8, 1826 – August 12, 1900) served in the Civil War rising from Colonel to Brigadier General of Volunteers. He served in the Mississippi Campaigns and in Sherman’s march through Georgia. He was elected governor of South Carolina in 1868 with support derived largely from newly enfranchised black male voters. With most white South Carolinians regarding his administration as illegitimate, Scott cultivated a working but sometimes uneasy relationship with black political leaders. In his inaugural address, he urged reconciliation and advocated for the establishment of segregated public schools. He failed to invite any African Americans to a reception that followed.
In 1868 and 1869, white violence and terror erupted as dozens of black and white Republicans were threatened, beaten and assassinated. Scott signed a bill in 1869 organizing a state militia composed largely of black men. The violence continued unabated until President Ulysses S. Grant dispatched federal troops to the area.
Scott was alleged to have participated in a bribery scheme involving the sale of bonds. Re-elected in 1870, he avoided impeachment in 1872 when several legislators allegedly accepted bribes to defeat the resolution. John J. Patterson defeated both Scott and Robert Brown Elliott for a U.S. Senate seat in 1872 amid further allegations of bribery. Scott was worth more than $300,000 before he became governor. He added to his wealth through a series of Columbia, SC, real estate transactions. H returned to Ohio rather than face indictment on charges of corruption.
Parker was a former U.S. Army Colonel in the Civil war who had commanded black troops of the 1st South Carolina volunteers was elected state Treasurer.
Lightly soiled a toned. Several old tape remnants on verso. Otherwise, fine condition, but a real South Carolina treasure.
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