Nov 6
Lincoln elected

Dec 20
South Carolina secedes


Jan 9
Mississippi secedes

Jan 10
Florida secedes

Jan 11
Alabama secedes

Jan 19
Georgia secedes

Jan 26
Louisiana secedes

Feb 4
Provisional Confederate Congress convenes

Feb 9
Jefferson Davis elected provisional President

Feb 18
Jefferson Davis inuagurated

Feb 21
CSA Post Office instituted

Feb 23
Texas voters approve secession

Mar 4
Lincoln inaugurated

Mar 9
First Issue of CSA Notes authorized

Apr 5
First Montgomery notes issued

Apr 12
Bombardment of Fort Sumter begins

Apr 15
Lincoln declares an insurrection exists

Apr 17
Virginia secedes

May 6
Arkansas secedes

May 13
Contract signed for Richmond issue notes

May 20
North Carolina secedes

May 24
CSA Congress votes to move capital to Richmond

June 1
North-South mail ceases
Mints officially close

June 8
Tennessee voters approve secession

July 16
CSA Capital moves to Richmond

July 21
Battle of First Bull Run

Confederate Currency -- First Issue March 9, 1861

Second   Third   Fourth   Fifth   Sixth   Seventh  

Born in Württemberg, Germany, after coming to Charleston, South Carolina as a child, Christopher Memminger became a successful lawyer and state legislator. He took a prominent part in the proceedings of the South Carolina secession convention of 1860 and was chairman of the committee that drafted the provisional constitution of the Confederacy.

Christopher Memminger (1803-1888)
Confederate Secretary of the Treasury

Appointed Secretary of the Treasury in 1861, Memminger, although a believer in hard currency, was forced by circumstances to direct an inflationary financial program. He was blamed for the collapse of Confederate credit and compelled to resign in 1864.

The Act of March 9, 1861 "authorized Treasury notes to be issued for such sum or sums as the exigencies of the public service may require, but not to exceed at any time one million dollars, and of denominations not less than fifty dollars for any such note." Payable "Twelve months after date" with interest at one cent per day for each one hundred dollars.

Montgomery Issue

The first notes of $50 to $1000 are dated from Montgomery, Alabama which was the Confederate capital until after Virginia seceded and the capital was moved to Richmond on May 24, 1861.

Engraved National Bank Note Company

The South, lacking skilled engraver, arranged to have its first notes printed in the North by the National Bank Note Company, New York, and shipped by express to the South. More notes might have been printed, but the U.S. government seized the plates.

$50 -- T4 -- Three slaves in cotton field. 1606 issued.

$100 -- T3 -- Railroad train at station, Columbia at left. 1606 issued.

$500 -- T2 -- Cattle being driven down lane to brook as train crosses bridge. Ceres in oval at left. 607 issued.

$1000 -- T1 -- John C. Calhoun at left, Andrew Jackson at right.

Richmond Issue

The Confederate Treasury needed more $50 and $100 notes to be held for their interest by the smaller planters instead of the $500 and $1000 notes which were largely held by the bank. Secretary of the Treasury Memminger wanted the National Bank Note Co. to print more of the lower denominations, but before this could be accommplished hostilities broke out.

After contacting the manager of the New Orleans branch of the American Bank Note Company, a contract was made on May 13, 1861 for the production of $50 and $100 notes. They were completed on August 26, 1861. In the meantime, the name of the branch was changed to Southern Bank Note Company. These bills are usually counted as part of the First Issue, but in fact they came out after the Second Issue.

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