Confederate Bond, One Hundred Thousand Dollars, 1865
Add to SetSummary
To raise money to finance its government, the Confederate States of America issued bonds. This bond dates from late in the Civil War, when printing too much paper money had created rampant inflation. The Confederacy began issuing bonds as a way of taking some paper currency out of circulation. All bills greater than $5 were to be converted into bonds paying 4% interest.
To raise money to finance its government, the Confederate States of America issued bonds. This bond dates from late in the Civil War, when printing too much paper money had created rampant inflation. The Confederacy began issuing bonds as a way of taking some paper currency out of circulation. All bills greater than $5 were to be converted into bonds paying 4% interest.
Artifact
Bond (Negotiable instrument)
Date Made
1865
Subject Date
04 January 1865
Keywords
Location
Not on exhibit to the public.
Object ID
30.1104.1782
Credit
From the Collections of The Henry Ford.
Material
Paper (Fiber product)
Dimensions
Height: 6.5 in
Width: 8.5 in
Inscriptions
In part recto: $100,000 / No. 274 / .../ February 17th, 1864, the Confederate States have borrowed from [handwritten] The Exchange BK (?) of Va (?) at Richmond / interest from Octo 17 1864
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