State of North Carolina 1869 $1,000 Bond signed by William Woods Holden (Uncanceled)Inv# SO1001 Bond
1869 6% $1,000 UNCANCELED Bond issued for the Western North Carolina Railroad. Signed by the Governor W. W. Holden. Engraved with three great vignettes by American Bank Note. 59 of the 60 coupons present. Great for framing! From a popular and scarce state! Scarce. Excellent Condition.
William Woods Holden (November 24, 1818 – March 1, 1892) was an American politician who served as the 38th and 40th governor of North Carolina. He was appointed by President Andrew Johnson in 1865 for a brief term and then elected in 1868. He served until 1871 and was the leader of the state's Republican Party during the Reconstruction Era.
Holden was the second governor in American history to be impeached, and the first to be removed from office through that process. His impeachment was politically motivated due to his suppression of the Ku Klux Klan. After Republicans lost the 1870 election, Democrats impeached him on eight charges for supposed actions during the Kirk–Holden war. He is the only North Carolina governor to have been impeached. In 2011, Holden was posthumously pardoned by the North Carolina Senate.
While voters were approving the new state constitution, Holden was elected governor at the head of the Republican ticket in 1868, defeating Thomas Samuel Ashe. When he was elected governor, Holden gave up editorship and ownership of the Standard. Read more at https://en.wikipedia.org/wiki/William_Woods_Holden
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.