Guaranty Trust Company of New York. Emprunt national 6%.n Souscrivez.
$1200 / ≈ €1123
Lithography in bright color and showing two circular portraits of a Native American male in a headdress (Liberty) and to the right Marianne (Pax Labor).
The depiction of the native American male is a mirror-imaged interpretation of illustration on US coins designed by Bela Lyon Pratt (1908). Marianne is the French national icon and symbol of freedom.
In 1915, J.P. Morgan & Co. arranged the largest foreign loan in Wall Street history – a $500 million loan to aid the French and British governments during the war. The firm also acted as the purchasing agent in the United States for the European Allies, placing over $3 billion worth of contracts with American producers for weapons, ammunition, and other goods needed during the war.
Guaranty Trust Company of New York, a JPMorgan Chase predecessor, subscribed to J.P. Morgan & Co.’s 1915 Anglo-French loan and participated in several other wartime loans to the European Allies.
In order to better handle its own wartime business in France, Guaranty Trust opened a Paris office in 1917.
The Paris office served as a depositary of the United States government, and acted as a paying and receiving agent for U.S. paymasters and other disbursing officers of the Army and Navy.
The office included writing rooms and a post office which allowed soldiers to conveniently cash checks and send and receive letters. The Paris office used a mobile bank to provide these same checking and postal services to soldiers at the front.
Read more about Poster History [+]
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