Bond of the State of North Carolina for $1000 issued for the Western North Carolina Railroad Company on April 1, 1869, 15.25 x 20, with 54 coupons intact below. The certificate, which carried a rate of 6%, boasts three vignettes, one of the North Carolina State Capitol, and is signed in ink by Governor William Woods Holden, “W. W. Holden.” Handsomely cloth-matted and framed with a portrait (featuring a facsimile signature) and a plaque to an overall size of 34.75 x 31.5. In fine condition.
Holden (1818-1892) 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, and was the second governor in American history to be impeached, the first of such 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.
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