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THBSigned Act to Authorize the Issue of Stock for the Military Defense of South Carolina After Secession, Lot of Three
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With offices in Cincinnati, Cleveland and Denver, Cowan’s holds over 40 auctions each year, with annual sales exceeding $16M. We reach buyers around the globe, and take pride in our reputation for integrity, customer service and great results. A full-service house, Cowan’s Auctions specializes in Am...Read more
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About Auction
LiveOct 31, 2018
Cowan's is honored to present the Magnificent Sword Collection of William Koch in its two-day firearms, militaria, and American history auction. Cowan's Auctions dawnie@cowans.com
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- Lot Description
Signed Act to Authorize the Issue of Stock for the Military Defense of South Carolina After Secession, Lot of Three
Porter, William Dennison "W.D." (1810-1883), President of the Senate, and James Simons (1813-1879), Speaker of the House of Representatives and Confederate Brigadier General. Retained copy of original DS, 3pp, 8.5 x 14 in., Charleston, SC. December 29, 1860. Hand-copied by Deputy Secretary of State James A. Duffus for the records of Governor F.W. Pickens. Signed act authorizing the issue of certificates of stock to provide for the military defense of South Carolina.
According the the act, the State Treasurer was required to issue " four thousand Certificates of the value of one hundred dollars each, bearing interest at the rate of six per-cent per annum. . . payable on the first day of June of each and every year at the Treasury. . . and redeemable thereat ." The certificates were accompanied by coupons which would " become payable in payment of Taxes and other debts due to the state of South Carolina ."
Lot completed by $100 state of South Carolina treasury bond and a CDV of James Simons.Creasing as expected. Toning and areas of spotting, with some small tears at creases.Condition
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