,000 Confederate States Bond – Criswell 162E, Ball 348 - Henry Savage Issued

Description

,000 Confederate States Bond – Criswell 162E, Ball 348 - Henry Savage Issued
Offered for your consideration is a ,000 bond issued by the Confederate States of America under the Act of February 17
th
1864. It was listed by the late Grover Criswell as Cr. 162E and by the late Dr. Douglas Ball as B. 348. This bond bears no vignettes, only a short financial obligation, presented in easily readable type. It states that “
In pursuance of the authority conferred upon the Secretary of the Treasury by the seventh section of the act of Congress entitled “An act to reduce the currency and to authorize a new issue of notes and bonds,” approved February 17
th
, 1864, the Confederate States have borrowed from DeRosset & Brown FIVE THOUSAND DOLLARS, payable on demand.”
. It further states that
“The said sum to bear interest at the rate of FOUR PER CENT. PER ANNUM from the date indorsed hereon, until paid. And to secure the same, an amount of bonds issued in conformity with the sixth section of said act, equal to the sum, is hereby hypothecated.”
. It was signed and sealed at
“… the Treasury, at Richmond, the
31
day of
Aug
186
4
…”
by
“C. A. Rose”
in his capacity as an assistant
“
for
REGISTER”
. A decorative border appears at the left, with the interest rate being repeated at the center. The back of this piece, in common with most documents of this type, was originally blank (there was nothing that could be said on the back that was not already printed on the front). It now, however, bears a lengthy manuscript endorsement from “
C. S. Depository
/
Wilmington, N. C.
Nov 21
st
1864
”, instructing the recipient to “
Pay to DeRosset & Brown / or order
”, followed by the signature of “
Henry Savage
” in his capacity as “
Depositary
”. Below this is the signature of “
DeRosset & Brown
”, though who actually signed it is unknown to the seller. This bond is printed in period black ink on pink paper, with the manuscript additions being accomplished in iron gall ink. Though not stated on the bond, it is known that this issue was printed by Ritchie & Dunnavant of Richmond, Virginia. Confederate financial records indicate that approximately 1627 bonds of this type were issued, though how many were issued by depositaries is unknown (though it cannot be many). A fantastic opportunity to add one of these pieces to your collection.
William L. DeRosset was born on October 27, 1832, in Wilmington, North Carolina. Educated at St. Timothy’s Hall, St. James College, and the University of North Carolina, he subsequently became an apprentice in the Lawrence Machine Shops, Lawrence, Massachusetts. Due to health concerns, DeRosset returned to Wilmington and helped establish the Clarendon Iron Works, after which he became a member of the commission house of DeRosset and Brown. On May 6, 1861, DeRosset was appointed major of the 3
rd
North Carolina Infantry. He saw action during the Seven Days campaign, advancing in rank to lieutenant colonel and colonel. During the battle of Antietam, DeRosset was so seriously wounded in the lower part of his body that he was forced to resign his commission. From July, 1863 through January, 1865, he assisted his father in their blockade-running operation, after which he was appointed colonel in the Confederate Invalid Corps. After surrendering with General Joseph E. Johnston’s forces, DeRosset and his father organized DeRosset & Company, a continuation of their prewar commission business. William L. DeRosset died on August 14, 1910, in Wilmington, North Carolina, and was buried in that city’s Oakdale Cemetery.
Charles A. Rose
served as one of two assistant registers, the other being E. Apperson. Little is known of him except that he was 53 years old when he was appointed in 1863 and was a Richmond notary public. He had worked for the treasury department earlier, with his initials (CAR) appearing on numerous bonds. Following his appointment, Rose remained as an assistant register until the close of the war.
Henry Russell Savage
was born on April 9, 1834 in Wilmington, North Carolina, where following a local education, he served as a merchant prior to his enlistment in Company G, 18
th
North Carolina Infantry on or about April 15, 1861. He was elected captain to rank from June 21, 1861, serving with his unit at the battle of Hanover Court House and the Seven Days battles around Richmond, Virginia. Though apparently hit several times, he escaped serious injury. He was, however, hospitalized due to disease, and though sent home to recuperate, he never returned to his unit. In early 1863, President Jefferson Davis appointed Savage collector of customs at the port of Wilmington and depositary for the Confederate Treasury at that same location (he remained in the latter position until the close of the war). Henry Russell Savage died on August 1, 1904 in Wilmington, North Carolina and was buried in that city’s Oakdale Cemetery,
The presently offered specimen exhibits signs of some expected period use and subsequent storage, the most obvious being the light toning across the entire surface and the ink corrosion at the manuscript additions. This toning is slightly darker at the edges and along a central band, though this is not associated with any significant staining. Several folds are present, though these have not seriously impacted the integrity of the paper. Ink corrosion, as noted earlier, has seriously affected the document due to the acidic nature of the ink and the poor quality of the paper. This corrosion has caused several small holes among the script, with some associated loss of paper within the circular letters. Numerous small holes are scattered throughout the design, principally due to what appears to be the paper production. Three of the edges are skewed, with the left being somewhat ragged, as if torn from a large book or register. Two large “X” cancellations can be seen within the lower half of the document, one of which significantly affects the manuscript endorsement on the back (both of these have been closed with tape, the exact nature of which is unknown to the seller). Measuring approximately 6⅝ x 8¼ inches, this historic document would make a great addition to any Confederate bond or general Civil War collection.
A .95 charge will be added to the winning bid for postage and insurance.
A .00 charge will be added to any item picked up in person at our physical location.
If you have any questions regarding this item, please ask before purchasing.
Buy or Bid with Confidence – American Coins & Collectibles President Richie Self has worked 6 years as a paper money grader/authenticator. He has contributed to numerous reference books within the industry, as well as being a co-author of “The Comprehensive Catalog and History of Confederate Bonds, 2
nd
Edition” with Douglas B. Ball, Ph.D., Henry F. Simmons, M.D., Ph.D. and James R. Desabaye. Mr. Self is a life member of the American Numismatic Association, the Society of Paper Money Collectors, as well as numerous regional numismatic associations. He is an authorized submitter to NGC, PCGS, and PMG, a diamond founding member of Coin Dealers Helping Coin Dealers and a supporter of the Industry Council for Tangible Assets. American Coins and Collectibles can be found at many of the state and local coin shows.
American Coins and Collectibles
Shreveport, LA