THE CONFEDERATE STATES - ANNOTATED COUPON UNSIGNED 02/17/1864 - HFSID 104774
Sale Price $324.00
CONFEDERATE BOND COUPON
Confederate bond coupon unsigned.
Partly Printed Coupon, unsigned, 3x1½. Imprinted signature: "Ro: Tyler" as Register of the Treasury. Interest coupon for a Confederate bond issued in Richmond by an Act of Congress passed by the Confederacy on February 17, 1864. The original bond was imprinted, in part: "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 ONE THOUSAND DOLLARS with interest thereon from this date at the rate of Six Per Cent per annum payable semi-annually on the first days of January and July in each year...that the principal and interest whereof shall be free from taxation and for the payment of the Interest thereon the entire net receipts of any Export Duty hereafter laid on the value of all Cotton, Tobacco and Naval Stores which shall be exported from the Confederate States...are hereby specially pledged...." This coupon, issued for $30, was from Bond No. 990 in the Sixth Series. Confederate bonds were used to raise monies for desperately needed supplies and food for the beleaguered Confederate troops. Confederate bonds, backed by cotton exports, were bought primarily by European investors who were supporting the South during the Civil War (1861-1865). Four-fifths of the cotton for the flourishing textile mills of Great Britain and Western Europe came from the Confederacy. The Union's blockade of Confederate seaports (1864) made it impossible for the South to get cotton to Europe and led to default on bonds and other loans. Robert Tyler (1816-1877) was the son of tenth U.S. President John Tyler (1790-1862) and his first wife, Letitia Christian Tyler. Tyler served as the Confederacy's second Register of the Treasury from August 13, 1861 until the end of the American Civil War, when he moved to Alabama, where he became a newspaper editor and the head of the state's Democratic Party. Fine condition.
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