DescriptionConfederate Exchange Certificate Bonham, Texas-$470 Dec. 24, 1864 Tremmell TX-6.
This is a very interesting and rarely seen piece of Confederate financial history from an outpost on the Texas frontier, just 70 miles northeast of Dallas. Signed by C. S. Depositary, S. A. Allen, it was printed by E. H. Cushing 7 Co. of Houston. These certificates would be exchanged at a lesser rate in "New Issue" notes (the February 17, 1864 issue) for older notes as an attempt to curb inflation. The payer, Richard Sharp deposited $705 and would get a return of $470 in the new noted when redeemed, which he never did. Fine.
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