Consecutive Pair of 0 Interim Deposit Receipts – Charleston, South Carolina

Description

Consecutive Pair of 0 Interim Deposit Receipts – Charleston, South Carolina
Offered for your consideration is a pair, originally listed as uncut, though actually separated and taped, of interim deposit receipts issued to the same party as part of a much larger group. Certificates of this type were issued by various depositary offices throughout the Confederacy when bonds, which had been sold or committed were not readily available for issuance (this could be due to printing or transportation problems). These specimens are dated “
29 March 1864
” and were issued from the “
Assistant Treasurer’s Office, Charleston
”. The body of each document states that
"This will Certify, That
Charleston & Sav Rail Road Co
has paid in at this office
One
Hundred
Dollars, for which amount Registered Bonds of the Confederate States of America, bearing interest from this date, at the rate of four per cent. per annum, will be issued to him under the “Act to reduce the currency, and to authorize a new issue of Notes and Bonds,” approved February 17, 1864, upon the surrender of this Certificate at this office."
. It is signed at the conclusion “
Wm Y Leitch per Peter B Lalaue
”
, indicating that the regular depositary, William Y. Leitch, was out of the office on the day that this certificate was issued, though the exact circumstances are unknown at this late date. The left end of this document bears a rectangular box formed with by a decorative border, with
“FOUR PER CENT. PER ANNUM”
printed within. What makes this pair very unusual is the notation at the upper left of the documents reading “
No 469 in part of No. 569
” on the first and “
No 470 in part of No. 569
” on the second (it is possible that the large number of certificates referred to in this statement may be the reason that Leitch did not sign the certificates himself, even if he was present). No vignettes are present as these forms were strictly functional and would be redeemed upon issuance of the bond. The backs of the receipts were originally blank, though each now bears a manuscript endorsement reading “
Wm H. Swinton Treas
/
C & S RR Co
”, as well as another which states “
Executed before me
/
Peter B Lalaue
/
Noty Pub
”. These certificates were printed by “
Jowitt, Printer, 347 King St., over Hunt’s Auction Store
”, as evidenced by his imprint at the lower left. These pieces were printed on watermarked blue paper, the watermark being Britannia seated in an oval, with a crown above (the latest reference work on these certificates indicates that this watermark would also read "
Edinburgh 1864
", though this must have been on the stub because it is missing from this piece). While the reference work indicates that approximately 200 certificates of this type were issued, either of the numbers in the corner should bring that issuance into question (further research may shed light onto this mystery). The nature of this pair is quite unusual, especially given the fact that they are still together after all of these years. While not technically a Confederate bond, these pieces make a great addition to any bond collection.
The presently offered document exhibits signs of minor period use, as well as the effects of long-term storage. Toning is present across the entire surface, imparting to the paper a dull blue appearance (darker on the front than the back). Scattered staining of a lighter brown color is noted. Corner folds are noted at the right, with other bends at the center along the same edge. The edges at the left are irregular as made, the cuts being matched to stubs that were retained upon issue. As noted at the beginning, this piece was originally listed as an uncut pair, though it is obvious that they were separated at some point in their history (they were, however, matched very well when reunited with small pieces of tape). Ink show through is noted at the manuscript additions when the piece is viewed from the back, with no associated paper loss. This historic piece measures approximately 7 x 7⅜ inches and would frame nicely with a period bond or illustration of locomotive from the named railroad. An interesting fiscal reminder of this turbulent era.
A charge of .95 will be added to the winning bid for postage and insurance.
If you have any questions concerning 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