National Archives Finds Bonds from LA Purchase

The Times-Picayune reports that the National Archives, featured as yesterday's site of the day, has found unredeemed bonds that suggest the United States might have shortchanged investors who financed the Louisiana Purchase. "The bonds, then called 'stock certificates,' were not canceled or stamped, so the Treasury may never have reimbursed the money that Dutch investors paid for them -- a $6,000 saving to the American taxpayer, $86,000 in today's change."

Posted by AJR at April 25, 2003 07:46 AM