Mises Daily
Author:
Clifford F. Thies
Online Publish Date:
payments on $2 million of Planters Bank bonds and $5 million of Mississippi Union Bank bonds. About the same time, seven other states and one territory (later famously bought the Mississippi Union bonds, and used them to secure loans from European investors. The Mississippi Union Bank used the proceeds of the bonds to of the company, a former and future governor, John A. Quitman, traveled to Europe to sell bonds secured by the stock. But nothing came from this effort. In the