CIVIL WAR 500 DOLLARS BOND (26 COUPONS), ALEXANDER STEPHENS, AUGUST 18, 1861

Description

Civil war Bond 1863 500 dollars.
Confederate Bond issued in Richmond, Virginia. The 500
dollars bond, serial number 895, was authorized by the Act of 18 August 1861 and was issued on 23 February 1863.  It was signed by Robert Tyler and features the portrait of
Alexander H. Stephens
,
vice president of the Confederate States from 1861 to 1865, and later as the 50th governor of Georgia from 1882 until his death in 1883.
Robert Tyler (1816-1877), the Registry of the Treasury, was the son of U.S. President John Tyler by his first wife. Tyler was head of the Democratic party in Pennsylvania and a personal friend of President James Buchanan before he had to flee to the Confederacy. Through his father's influence, he procured the post of Register of the Treasury, which he held from August 13, 1861 to the end of the war. After the war Tyler moved with his family to Alabama, where he became a newspaper editor. He also became the head of the Democratic Party in Alabama.
When the Civil War erupted in April 1861, the South immediately faced huge financial problems. Beginning in 1861 and continuing throughout the war, it issued a series of bonds. Today, these bonds, like Confederate money, are sought by collectors for their historical value.
The bond has interest coupons attached, twenty-six remaining with this bond. The hand-signed coupons were redeemable at set times (every six months). At the end of the bond’s term, the bearer would be paid its full-face amount. The redemption of the bonds was to occur at the CSA Treasury or any of its branches.
Thanks,
Dave Steinberg
Orem, UTAH 84059
USA
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