Confederate States of America - Non Taxable $10,000 Bond Certificate (RARE only 60 issued) - September 19, 1864 - Ball 371

Beautifully printed fully issued early TAX FREE certificate from the Confederate States of America dated September 19, 1864. This was issued for $10,000. This historic document was printed by George Dunn & Company, Richmond, Virginia and has a border around it with a vignette of a man and stile at top left. It was issued under an act of the CSA Congress approved on February 17, 1864. This certificate has been hand signed for the Register of the Treasury, by C.A. Rose. Stamp on face, "Interest Paid to 1st January 1865 at Montgomery (Ala)". Issued to B. H. Micou, Esq. (Benjamin H. Micou). Only 60 of these bonds were issued, but it is unkonwn how many survived.

The last sale we could find for this bond showed up in RM Smythe's #272 auction in July 2007 and it sold for $3738. The bond that sold in the auction did not have the Montgomery, Alabama historic interest stamp on its face. This is the rarest denomination in this series.


Certificate Vignette



B. H. Micou, Esq., one of the Vice-Presidents of the National Cotton Manufacturers' Association, and President of the Tallassee Manufacturing Company, whose factory is situated upon the Tallapoosa River, a short distance above Montgomery, Alabama, published an interesting report, containing interesting statements relative to manufacturing cotton in the South for export, and to manufacturing cotton at Tallassee, Alabama, into yarn for export to Europe. Mr. Micou says:

" We have in the South some important advantages—viz: The health- fulness and even temperature of the climate; the equality of time of our length of days through the year; steady, cheap and abundant water power ; the raw material at hand; a fertile soil, and a good supply of unskilled labor. Nature has been bountiful, and even lavish in her inducements. All that is wanted is proper energy and capital to command skilled labor, which, well directed, ensures success.