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Lot 539: 1920 Republic of Ireland Ten-Dollar bond certificate and receipt. (2)
January 21, 2017
Dublin, IrelandLive Auction
1920 Republic of Ireland Ten-Dollar bond certificate and receipt.
Issued to the Massachusetts Window Cleaning Co., numbered 197568, with printed signature of Eamon de Valera (unusually spelt "de Bhailéara").together with a scarce receipt, dated March 25, 1920 also issued to Massachusetts Window Cleaning Co. (2)
Other Notes: Issued to raise funds for Dáil Éireann. Éamon de Valera, the president of the first Dáil, issued this bond in 1920 during the War of Independence. While on his American tour, de Valera raised over five million dollars through the sale of republican bonds. In the aftermath of the Irish Civil War, a dispute arose regarding the money raised by the earlier sale of the republican bonds in America. De Valera claimed the funds on behalf of his party. The Free State government, under President William T. Cosgrave, also claimed the funds. While the Irish High Court remitted half the funds to the Irish government, the other half remained on deposit in New York. In 1927, the New York Supreme Court ruled for neither Cosgrave nor de Valera and ordered that the balance of the funds be returned to the original subscribers.