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Confederate States of America Treasury bond

 Collection
Identifier: Mss 0060
The Confererate States of America Treasury bond was issued 1 March 1864 under the authorization of an act passed on 17 February 1864 by the Confederate Congress. The bond is numbered 10225, was issued for the amount of $1,000, and was signed by E. Apperson. Engraved by J. Archer of Richmond, VA, it was printed by Evans and Cogswell of Columbia, S.C. The bond was originally issued with sixty interest coupons of $30 each, to be redeemed every six months during the 30 year life of the bond; the first two of these coupons, which would have been dated January 1865 and July 1865, are missing.

Dates

  • 1864

Conditions Governing Access

No restrictions.

Conditions Governing Use

All materials available in this collection (unless otherwise noted) are the property of the Monsignor William Noé Field Archives & Special Collections Center and Seton Hall University, which reserves the right to limit access to or reproduction of these materials. Reproduction of materials or content is subject to United States copyright restrictions and may be subject to federal or state privacy regulations. Permission to publish exact reproductions must be obtained from the Director of the Archives and Special Collections Center.

Extent

1 Linear Feet (, 2 items)

Overview

The Confederate States of America was formed in February 1861 after the secession of seven Southern states from the United States of America, starting the American Civil War. The Confederate Treasury began issuing bonds in February 1861 under an act authorized by the Confederate Congress. The Confererate States of America treasury bond, numbered 10225 and issued in the amount of $1,000, was issued 1 March 1864 under the authorization of an act passed on 17 February 1864 by the Confederate Congress.

Biographical / Historical

The Confederate States of America was formed in February 1861 after the secession of seven Southern states from the United States of America, starting the American Civil War. The Confederate government was headed by president Jefferson Davis and chose Richmond, VA as its capitol. The Confederate States Department of Treasury was also created in February 1861 and the first Secretary of the Treasury was Christopher G. Memminger, replaced in July 1864 by George A. Trenholm, himself replaced by John H. Regan as Acting Secretary in April 1865.

The Confederate Treasury began issuing bonds in February 1861 under an act authorized by the Confederate Congress. A bond is a type of loan known as a debt security in which an individual purchases the bond from the Treasury and receives interest over a period (in this case, thirty years), at which point the principal and any undistributed interest is returned to the purchaser. Until 1864, the Treasury issued approximately $500 million in bonds at decreasing levels of interest, as the Confederate States experienced a gradually worsening financial crisis apace with the progress of the military conflict. The capitol of Richmond was captured by Union troops and General Robert E. Lee surrendered to General Ulysses S. Grant in April 1865, effectively ending the Civil War and the Confederacy.

Immediate Source of Acquisition

Materials were transferred to the Archives and Special Collections Center from the Office of the President of Seton Hall University in 2003.

Processing Information

Finding aid created by Tracy M. Jackson in September 2012.
Title
Confederate States of America treasury bond, 1864
Date
September 2012
Description rules
dacs
Language of description
Finding aid written in English.

Repository Details

Part of the The Monsignor Field Archives & Special Collection Center Repository

Contact:
Archives, Walsh Library
400 South Orange Ave
South Orange NJ 07079 US
973-761-9476