Tag Archives: currency

get out the calculators

Posted on April 3, 2014 by SUMPTER

As part of the Confederate Currency Reform Act of 1864 began new money began to circulate 150 years ago this month. From the Richmond Daily Dispatch April 2, 1864: The New issue. –The new Treasury notes will be ready for … Continue reading →

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Friends indeed?

Posted on February 28, 2014 by SUMPTER

The February 27, 1864 issue of Harper’s Weekly at Son of the South discussed whether Quakers should be exempted from the draft on conscientious grounds. The editorial respected the Quakers for their beliefs but realized that if anyone could claim … Continue reading →

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unending Lent

Posted on February 20, 2014 by SUMPTER

As scarcity increased in the South, the Richmond Daily Dispatch continually shared ideas for substitute products and ways to stretch the food that was available. 150 years ago today it published a bit of persevering humor: the fastings and sacrifices … Continue reading →

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job security

Posted on October 10, 2013 by SUMPTER

According to a chart published in the October 5, 2013 issue of The Economist, 80% of the U.S. Treasury workforce was furloughed during the government shutdown in 2013. However, “Money printers/engravers” were kept hard at it. We sure can relate … Continue reading →

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loads and loads of money

Posted on September 23, 2013 by SUMPTER

print away our problems? Well, not really, as the editors at the Richmond Whig understood. From The New-York Times September 25, 1863: The following paragraphs are from the [Richmond] Whig, of the 23d: … PAINFUL SIGHT. It is nothing unusual … Continue reading →

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Fiat: we’ll pay the troops

Posted on January 17, 2013 by SUMPTER

President Lincoln agreed with Congress that Union soldiers and sailors had to be paid, even if that required printing up to $100 million in new currency. From THE PAPERS AND WRITINGS OF ABRAHAM LINCOLN (VOLUME SIX) : PRINTING MONEY MESSAGE … Continue reading →

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Counterfeit

Posted on August 6, 2012 by SUMPTER

Beet vendors beware Before the Civil War banks could issue their own notes redeemable in specie. The National Banking Acts of 1863 and 1864 in the North changed that. One of the legislation’s goals was to create a national, less … Continue reading →

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Fiat Money in Memphis

Posted on May 23, 2012 by SUMPTER

P.G.T. Beauregard’s Fiat: Accept Confederate Money or Get Arrested From the Richmond Daily Dispatch May 22, 1862: Confederate Monkey [Money] at Memphis. –General Beauregard has taken the Confederate credit in hand at Memphis. as will be seen by the following … Continue reading →

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Southern This and That

Posted on January 5, 2012 by SUMPTER

Speculators; VMI back at turning out officers; CSA $5 note From The New-York Times January 5, 1862: MISCELLANEOUS ITEMS. The Baton Rogue Sugar Planter has been discontinued for want of paper. Gov. LETCHER has appointed delegates to represent Virginia in … Continue reading →

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Ultimate $uccess?

Posted on September 29, 2011 by SUMPTER

This was published in Frank Leslie’s on September 28, 1861.

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