Nathan Bedford Forrest Twice Signed Bond

Forrest, Nathan Bedford (1821-1877). Confederate Army general. Selma, Marion and Memphis Railroad Company $1000 First Mortgage Eight Per Cent Bond, No. 612, TWICE SIGNED ("N.B. Forrest") by Forrest as railroad president. Lithographed by Henry Seibert & Bros: New York. Issued September 1, 1870. 17 x 20 in. (uneven lower edge), matted to 21.75 x 20.5 in. 

Recto features the bond with a vignette of a train at top center with a decorative green border. Signed by Forrest and the secretary. Includes 33 coupons for $40 each. Verso with guarantee signed ("N.B. Forrest") by Forrest and an "Endorsement by the State of Alabama" signed ("W.H. Smith") by the Governor of Alabama William Hugh Smith (1826-1899) alongside large red seal. With a contemporary inscription of sums showing past due fees. 

Prior to the Civil War, Forrest had amassed his wealth through slave trading and from the profits of his cotton plantation worked by the enslaved. In an effort to rebuild his fortune after the conflict, he entered the railroad business. As president, however, the company went bankrupt in part due to speculative investments in railroads, which led to the Panic of 1873. 

Estimate: $800 - $1,200
Price Realized Including Buyer's Premium

Internet Bidding

Have a Similar Item?

Consign With Us


Cowan’s Cincinnati Office offers an in-house, full-service shipping department which is unparalleled in the auction industry. Shipping costs are provided with your finalized invoice 24-48 hours after auction. For furniture and oversized items, we recommend using third-party services. For more information, click HERE or contact cowansshipping@hindmanauctions.com.  

NOTE: All pickups and preview are by appointment only. To make an appointment, please call 513-871-1670 or email cincinnati@hindmanauctions.com