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500

500

EIGHT CENT

JULY 1st. 1868.

CONFEDERATE.

No.

STATES

of

AMERICA

No.

LOAN

LOAN

Authorized BY THE Art Congress. C.S.A. of February 20, 1863.

On the 1st. day of July, 1868, the CONFEDERATE STATES OF AMERICA will-- pay to the Bearer of this Bond, at the seat of Government, or at such place of deposit-- as may be appointed by the Secretary of the Treasury, the sum of Five Hundred Dollars, with interst thereon from date, at the rate of Eight per Cent per annum. Payable semi-annually on the surrender of the annexed Coupons. This Contract is authorized by An Art of Congress approved February 20 1863. Entitled "An Act to authorize the issue of Bonds for funding Treasury notes, "and is upon the Express condition that said Confederate States may from time to time extend the time of payment for any period not exceeding thirty years from this date, at the same rate of interest, upon the surrender of the Bond.

In Witness Whereof the Register of the Treasury, in pursuance ofsaid Act of Congress, hath hereunto set his hand an affixed the seal of the Treasury at RICHMOND, this 2nd day of March, 1863.

ENTERED ______________________

 

RECORDED _____________________

REGISTER OF THE TREASURY

500

500

C.S. LOAN. FEBy. 20. 1863

C.S. LOAN. FEBy. 20. 1863

THE

THE

CONFEDERATE STATES of AMERICA

CONFEDERATE STATES of AMERICA

WILL PAY TO BEARER

WILL PAY TO BEARER

$20

$20

TWENTY DOLLARS

TWENTY DOLLARS

For Six Months Interest Due July, 1st 1867.

For Six Months Interest Due Jany, 1st 1868.

ON BOND No.___________________for $500

ON BOND No.___________________for $500

For Register of the Treasury______________

For Register of the Treasury______________

C.S. LOAN. FEBy. 20. 1863F

C.S. LOAN. FEBy. 20. 1863--

THE

THE

CONFEDERATE STATES of AMERICA

CONFEDERATE STATES of AMERICA

WILL PAY TO BEARER

WILL PAY TO BEARER

$20

$20

TWENTY DOLLARS

TWENTY DOLLARS

For Six Months Interest Due July, 1st 1867.

For Six Months Interest Due Jany, 1st 1868.

ON BOND No.___________________for $500

ON BOND No.___________________for $500

For Register of the Treasury______________

For Register of the Treasury______________

(c) Pocumtuck Valley Memorial Association, Deerfield MA. All rights reserved.
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Both the Union and the Confederacy had problems funding their enormous Civil War efforts. One way both governments had to raise revenue was by selling war bonds. Although the bond pictured here was printed, it was never sold. That was a typical problem for the south, since it was never able to fully fund its war effort. Beneath the main bond are printed coupons. These coupons would be clipped off and taken to a post office or other government office. The government then paid the interest it owed on them. At the end of the war and the surrender of the Confederacy, all Confederate bonds became worthless.

 

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Confederate bond

publisher   Confederate Congress
date   Mar 2, 1863
location   Virginia
height   15.0"
width   12.0"
process/materials   printed paper, ink
item type   Legal Documents/Bond
accession #   #L02.023


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See Also...

Letter to Rebecca Jackson Williams from her son

"Jeff Davis' Proclamation"

"The Vicksburg Daily Citizen"


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