Legendary and highly influential country and western singer and songwriter (1923–1953). DS, one page, 8.25 x 4, November 3, 1947. Installment note from the Montgomery Loan and Finance Company for a loan of $30.00 issued to Williams and Drifting Cowboys band member Joe Pennington, payable in three monthly installments of $10.00. Signed at the bottom by Williams and Pennington. Accompanied by the 3 x 4.5 payment book, noting payments received in December of 1947, and January and February of 1948. In fine condition, with three vertical mailing folds to document, one through a single letter of signature, and a “Paid” stamp to right side. Accompanied by the original mailing envelope.
Hank and the Drifting Cowboys were attempting to upgrade their professional image to book bigger and better venues. Williams and his wife ordered matching outfits from Miller Stockman in Denver, with Williams putting all the money up front. It was then when he took each band member to the Montgomery Loan and Finance Company to borrow the money to repay him, with Williams co-signing on each loan. In the book Hank Williams: The Biography by Colin Escott, Pennington recalled the story of buying their new stage wear: ‘We’d ordered in western outfits. Pea-green shirts, western-cut khaki pants, and western boots…Hank paid for all the outfits when they came in. He said, ‘Boys, any y’all got the money you can pay me off, the rest that don’t come on down to the loan comapny and we’ll sign you up.’ So Lum and Red and me went down and signed up with Montgomery Loan and Finance Company to pay off these outfits.’ Pre-certified PSA/DNA and RR Auction COA.
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