New York State Commissioners of the Canal Fund Index of Stockholders of Million Dollar Loan A1454

New York State Commissioners of the Canal Fund Index of Stockholders of Million Dollar Loan

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Overview of the Records

Repository:

New York State Archives
New York State Education Department
Cultural Education Center
Albany, NY 12230

Summary:

This series consists of an alphabetical index of stockholders in the state's "Million Dollar Loan." Names listed include those of private citizens, insurance companies, state officials, banks, trust funds, and colleges. The index refers to a "Ledger A" which is apparently no longer extant.

Creator:

New York (State). Commissioners of the Canal Fund

Title:

Commissioners of the Canal Fund index of stockholders of Million Dollar Loan

Quantity:

0.1 cubic feet

1 volume

Inclusive Dates:

1815-1823

Series Number:

A1454

Arrangement

Alphabetical.

Administrative History

A law of 1815 required the Comptroller, as soon as was practicable, to borrow $1,300,000 and to issue stock certificates to shareholders in the loan, the stock to bear 6% interest per year, payable quarterly. The 1817 law establishing the Canal Fund authorized the Commissioners of the fund to borrow money from the people of the state at up to 6% interest and also required the Comptroller to issue stock certificates.

Scope and Content Note

This series consists of one alphabetical index of stockholders in the State's "Million Dollar Loan." Names listed include those of private citizens, insurance companies, state officials, banks, trust funds, and colleges. The index refers to a "Ledger A" which is apparently no longer extant.