Confederate States of America Bonds Collection (Z/2093)
Dates: 1861-1865.
Access by permission of manuscript curator only.
Biography:
The provisional congress of the Confederate States of America approved "An Act to Raise Money for the Support of the Government, and to Provide for the Defence [sic] of the Confederate States of America" on February 28, 1861. Under this act, the secretary of the treasury of the Confederacy was authorized to issue fifteen million dollars in bonds bearing up to eight-percent interest. Bonds generally matured in ten years, and the Confederate government established security for the bonds in a variety of ways, including the procurement and storage of large amounts of cotton. Some of the bonds were intended for English or French investors, and they were printed in pound sterling or franc denominations.
Scope and Content Note:
This collection consists of Confederate States of America bonds, one military-relief warrant, and one tax assessment.
Interest on the Confederate bonds was payable at rates of four to eight percent. They include a May 1, 1861, five-hundred-dollar bond with fourteen annexed twenty-dollar interest coupons. At least two of the coupons are no longer attached. There is a November 3, 1863, fifteen-hundred-dollar bond; an August 23, 1864, five-hundred-dollar bond; a September 3, 1864, two-thousand-dollar bond; and a March 1, 1865, five-hundred-dollar bond. There is also an undated cotton-loan bond (oversize) for four thousand pounds of cotton payable for one hundred pounds sterling, plus interest. This bond has forty annexed interest coupons, four of which have been clipped and possibly redeemed for the years 1861 to 1864. The entire bond issue was payable for three million pounds sterling or seventy-five million francs, plus interest.
The 1862 military-relief warrant for Tippah County, Mississippi, is blank, but it has the name Andrew Brown penciled on the back in brackets. The Tippah County Board of Police apparently allotted funds for unspecified military relief.
The tax assessment for Mrs. S. A. Dantzler of Jasper County, Mississippi, contains a crop inventory for 1864 and a standard assessed tax.
Series Identification:
Series 1: Bonds (Confederate States of America). 1861-1865; n.d. 6 items.
Series 2: Military-Relief Warrant (Tippah County, Mississippi). 1862. 1 item.
Series 3: Tax Assessment (Jasper County, Mississippi). 1864. 1 item.