Marcus Garvey Signed Promissory Note Issued by the Black Cross Navigation & Trading Company. ...

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Sold on Oct 19, 2022 for:

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Marcus Garvey Signed Promissory Note Issued by the Black Cross Navigation & Trading Company. 11" x 8.5", New York; September 13, 1924. A promissory note signed by Marcus Garvey as president. The company agrees to pay Ms. Annie Harrison $25 with 5% interest after a ten-year period. Countersigned by P. L. Burrows as secretary or treasurer. Garvey founded the Black Star Line in 1919 through his United Negro Improvement Association. His goal was to bring economic security to black people worldwide, with the eventual goal of migrating them back to a strong and secure African nation. The Black Star Line was created to help facilitate this goal; however, it failed in 1922 due mainly to its infiltration by agents from the Bureau of Investigation. Garvey was later charged with mail fraud and, while awaiting trial, launched the Black Cross Navigation and Trading Company. He began issuing notes like this one to help raise capital, but the venture collapsed after Garvey was sentenced to five years in prison

Condition: Lightly wrinkled with smoothed folds.

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2022 October 19 Historic African Americana Signature® Auction #6248 (go to Auction Home page)

Auction Dates

October, 2022

19th Wednesday

Bids + Registered Phone Bidders: 4

Lot Tracking Activity: N/A

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Sold on Oct 19, 2022 for: $4,500.00

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