Confederate States of America $100 Bond19 June 2012
Source: William Moore Family Papers (Manuscript Collection #596)
Staff Person: Martha Elmore
Description: As often happens in time of war, the Confederate States of America helped to finance the expenses incurred in the Civil War by issuing bonds. In this example, a $100 bond is issued on March 2, 1863 (in compliance with the February 20, 1863, Act passed by the Congress of the Confederate States), and is eligible to be paid in full with 7% interest on July 1, 1868. The certificates at the bottom could be turned in separately to receive increments of the interest payments instead of waiting until July 1, 1868, to receive all of the interest. The coupons are dated as to when they can be used. The first coupon would allow the bearer to receive $2.92 for interest due January 1, 1864. This bond resides with papers related to the William Moore family of Greene and Pitt counties, N.C.