1861 CT-33/250C Confederate States of America (CTFT.) Note w/ UPHAM IMPRINT

Description

1861 CT-33/250C Confederate States of America (CTFT.) Note w/ UPHAM IMPRINT
1861 CT-33/250C Confederate States of America (CTFT.) Note w/ UPHAM IMPRINT
B39
1861 CT-33/250C The Confederate States of America (Upham CTFT.) note.
This black and green CTFT. note features a large bust of Christopher Gustavus Memminger, Secretary of the Treasury at the center. On the right is an allegorical figure that represents Minerva, the Goddess of War. This is the more obvious CTFT. variety with Memminger's "bug-eyes".
Upham owned a store in Philadelphia where he sold cosmetics, drugs, stationery, and newspapers. When the Civil War hit, he came up with a new business idea. Many customers in the Union states were curious about Confederate money and Southern banks so he began to print notes such as this one to sell, showing people what Southern currency was like. Many of these notes found their way South and passed as genuine, further destabilizing the Confederate's financial system. What began as a souvenir for the North was quickly becoming a problem for the South. Confederate President Jefferson Davis even put a bounty on Samuel Upham's head for ,000. By mid 1863, Confederate finances were in such a mess that even genuine notes began to lose all value. After the war, Upham was quite proud of the contribution he made to the Union victory. After the war, Upham went back to selling stationery and newspapers. Today, Upham's souvenir printings are prized collectibles! Upham passed away on June 29, 1885 at the age of 56.
This Civil War era CTFT. grades About Uncirculated with some paper pulls on the reverse including the bottom corners that are thin / torn.
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