- Joined
- Oct 17, 2012
- Location
- Middle Tennessee
Confederate Money
The money for carrying on the government was manufactured on the faith of the Confederacy and was supposed to have sufficient stamina, as the South had large quantities of tobacco and cotton on hand. Mr. Davis advised the purchase and shipment to Europe of all the cotton, which might easily have been effected. All writers agree, that had that advice been heeded, the South, having such a permanent capital, might have been recognized and assisted by foreign powers. Mr. Memminger, Secretary of the Treasury, took time to differ with the President, the blockade was established and the opportunity lost.
These notes of Confederate currency were engraved at Columbia, South Carolina, and bore on the face the promise of payment two years after a treaty of peace between the contending parties. They were neatly gotten up and printed upon good paper,—in every way- as good a circulating medium as the greenbacks of the United States.
They were printed on large pink- tinted sheets, and brought to Richmond to be prepared for distribution. Each note had to be cut apart, numbered, and signed by two parties, and persons of intelligence were required for the work. There were numbers of ladies who had fled from their luxurious homes as refugees, living in Richmond, as it became dangerous for them to remain in proximity to the armies. They had, in many instances, lost everything and become dependent upon their own resources for making a living. They were refined, cultivated and intelligent,—their male relatives in the army.
This work in the treasury department was light and more lucrative than anything else. Writing their applications, with the endorsement of some prominent member of Congress, they received appointments for these positions. One room was used tor cutting, another for signing, and another for numbering these notes. From nine until three were the office hours, and they worked steadily at their tasks, which were light but compelled to be very accurate, and became monotonous, Still they were eager to obtain these clerkships and glad to retain their places. About fifty occupied each room. They were known as "treasury girls/' and that was a sufficient passport into society, as they could not obtain these positions unless some gentleman of unsullied reputation had recommended them as ladies in every respect and worthy to fill the appointments.
Besides these notes there was a fractional currency, called shin-plasters, and also postage stamps became a medium of exchange from sheer necessity in making small change. The latter became quite a nuisance, as they were small, easily lost, and inconvenient to handle. They were five cents each, and bore upon the face the likeness of President Davis, and had to be cut or torn when used, as the instrument which pierces the holes to divide the United States stamps is a patented article and could not be infringed upon.
The Confederate Capital and Hood’s Texas Brigade,
Angelina V. Winkler, 1894
pp. 20-1
The money for carrying on the government was manufactured on the faith of the Confederacy and was supposed to have sufficient stamina, as the South had large quantities of tobacco and cotton on hand. Mr. Davis advised the purchase and shipment to Europe of all the cotton, which might easily have been effected. All writers agree, that had that advice been heeded, the South, having such a permanent capital, might have been recognized and assisted by foreign powers. Mr. Memminger, Secretary of the Treasury, took time to differ with the President, the blockade was established and the opportunity lost.
These notes of Confederate currency were engraved at Columbia, South Carolina, and bore on the face the promise of payment two years after a treaty of peace between the contending parties. They were neatly gotten up and printed upon good paper,—in every way- as good a circulating medium as the greenbacks of the United States.
They were printed on large pink- tinted sheets, and brought to Richmond to be prepared for distribution. Each note had to be cut apart, numbered, and signed by two parties, and persons of intelligence were required for the work. There were numbers of ladies who had fled from their luxurious homes as refugees, living in Richmond, as it became dangerous for them to remain in proximity to the armies. They had, in many instances, lost everything and become dependent upon their own resources for making a living. They were refined, cultivated and intelligent,—their male relatives in the army.
This work in the treasury department was light and more lucrative than anything else. Writing their applications, with the endorsement of some prominent member of Congress, they received appointments for these positions. One room was used tor cutting, another for signing, and another for numbering these notes. From nine until three were the office hours, and they worked steadily at their tasks, which were light but compelled to be very accurate, and became monotonous, Still they were eager to obtain these clerkships and glad to retain their places. About fifty occupied each room. They were known as "treasury girls/' and that was a sufficient passport into society, as they could not obtain these positions unless some gentleman of unsullied reputation had recommended them as ladies in every respect and worthy to fill the appointments.
Besides these notes there was a fractional currency, called shin-plasters, and also postage stamps became a medium of exchange from sheer necessity in making small change. The latter became quite a nuisance, as they were small, easily lost, and inconvenient to handle. They were five cents each, and bore upon the face the likeness of President Davis, and had to be cut or torn when used, as the instrument which pierces the holes to divide the United States stamps is a patented article and could not be infringed upon.
The Confederate Capital and Hood’s Texas Brigade,
Angelina V. Winkler, 1894
pp. 20-1