558

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.

Condition:

Creasing as expected. Toning and areas of spotting, with some small tears at creases.

Estimate: $1,600 - $3,000
Price Realized Including Buyer's Premium
$1,293
10/31/2018

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