Dublin Core
Title
Bond Coupons
Subject
Civil War Economics
Description
These individual coupons are found on the lower portion of Number 92 bond of the Confederate States Loan, enabled by "An Act of Congress approved February 20, 1863" (cited in the original bond).
The bond was issued for $500 at 8% per year. Two interest coupons in increments of $20 were redeemable January 1st and July 1st of each year. The unredeemed coupons still attached to this note begin January 1st, 1865.
The original agreement states, "On the 1st day of July, 1868 The Confederate States of America will pay 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 interest thereon from date, at the rate of Eight per Cent per annum." This document was created on March 2, 1863 in the Treasury in Richmond.
For perspective relating to inflation, $20.00 in 1863 is equivalent to approximately $350.00 in 2010.
The bond was issued for $500 at 8% per year. Two interest coupons in increments of $20 were redeemable January 1st and July 1st of each year. The unredeemed coupons still attached to this note begin January 1st, 1865.
The original agreement states, "On the 1st day of July, 1868 The Confederate States of America will pay 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 interest thereon from date, at the rate of Eight per Cent per annum." This document was created on March 2, 1863 in the Treasury in Richmond.
For perspective relating to inflation, $20.00 in 1863 is equivalent to approximately $350.00 in 2010.
Source
Louisa County Historical Society Archives
Date
1863
Rights
LCHS Copyright Policy
Language
English
Type
Document
Identifier
054_2010_12_011
Contribution Form
Online Submission
No