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Confederate Currency and $100 Bond

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    Posted 8 years ago

    Chrisnp
    (310 items)

    I was actually looking for something else I was eventually going to post, and came across these. They have been in my family since before I was born, but nobody seems to know the family history behind them.

    After using my scanner to make these images, it occurred to me that the strong light might somehow hurt them. Any thoughts? I didn't see an immediate difference.

    I think the $100 is not currency but a bond. It says that six months after the ratification of a treaty of peace between the Confederate States and the United States, the Confederate States will pay $100 plus interest at a rate of two cents per day. The bond is dated June 25 1862, and the back indicates payments made on January 1st, 1863, 1864, and 1865. Doing some quick math, the bearer got about $18.26 back from an invested $100. Of course that would have been in confederate currency too.

    I've seen other examples of the Confederate $5, $10, and $20, and I believe these are not uncommon. It appears they were cut from the sheet by hand. They are all dated from Richmond in 1864, and indicate the Confederate States will pay the amount shown on them two years after the ratification of a treaty of peace between the confederate states and the United States.

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    Comments

    1. verretcheque verretcheque, 8 years ago
      Nice piece of history. That they seem to be in such good condition is probably a reflection on the quality of the paper. Is it cotton rag paper?? I couldn't say.
      One place outside the Southern States, laid its support for the Confederacy on very public view. There are several graves in Liverpool, which bear the Confederate flag, and the city was highly supportive of the South.
      Could these notes turn up on Merseyside?? Very probably.

      The home port of the Confederate Fleet was in Liverpool

      https://localwiki.org/liverpool/Liverpool_-_The_Home_of_the_Confederate_Fleet

      The support in Liverpool had little to do with support for the slave trade, more to do with the right to self-determination, it would seem. Allegedly there were more Confederate flags flown in Liverpool, than Galveston.
    2. Chrisnp Chrisnp, 8 years ago
      Very interesting link, thanks for it!

      I don't know if the paper is cotton rag stock, but that would certainly make sense.

      I would think the pre-war economic relationship between the South and textile producing regions of the UK would provide the basis for continued sympathy, if not support.



    3. Chrisnp Chrisnp, 8 years ago
      Thanks for the love verretcheque, Manikin, blunder, pw-collector and Hunter

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