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- Confederate Bond, Five Thousand Dollars, 1862 - Stella Williams was a wealthy orphan in 1860, living with her aunt and uncle in Richmond, Virginia. In January 1862, 19-year-old Stella purchased this $5,000 bond -- equal to one-fourth of her wealth. At 8% interest, it seemed like a good investment. Initially, at least, it was. Once the war was lost, Southerners like Stella were left holding now worthless Confederate bonds.
- January 17, 1862
- Collections - Artifact
Confederate Bond, Five Thousand Dollars, 1862
Stella Williams was a wealthy orphan in 1860, living with her aunt and uncle in Richmond, Virginia. In January 1862, 19-year-old Stella purchased this $5,000 bond -- equal to one-fourth of her wealth. At 8% interest, it seemed like a good investment. Initially, at least, it was. Once the war was lost, Southerners like Stella were left holding now worthless Confederate bonds.