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MS. Commercial Bank of Rodney, 1838, Issued Liverpool Settlement Cotton Loan Document.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:120.00 USD Estimated At:160.00 - 280.00 USD
MS. Commercial Bank of Rodney, 1838, Issued Liverpool Settlement Cotton Loan Document.
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Rodney.., Mississippi and Liverpool, England. 1838. Cotton trade document with original promissory note issued through the Commercial Bank of Rodney, The note was issued for $3,450 (69 bales) as an advance against the cotton, while the accompanying settlement records the Liverpool sale proceeds in pounds sterling, exchange calculations, commissions, charges, and credits applied toward the debt, Significant survivor from the antebellum Mississippi cotton trade, illustrating the financing, export, and settlement of cotton between the American South and the British textile market. Fine to VF condition with splitting at center fold lines, still rare and attractive cotton trade fiscal document.