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In the 1870s, Louisiana issued a series of "bonds" that were used as bank notes. Those "bonds" depicted a picture of a baby on the front and had a value of $5. They were meant to circumvent federal taxation which carried a high tax burden on bank notes. To do this, the notes were cleverly disguised as "bonds." It worked for a while. However, Louisiana’s State Treasurer, Ed Bunker, had used the original plates to reprint these bonds with identical numbers. About $300,000 in counterfeit Baby Bonds were discovered in his safe deposit box. The expression may have originated from the burning of these reissued "baby bonds" upon seizure by the government. Who knows? GemBU65 (talk) 16:48, 28 August 2017 (UTC)[reply]
