The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-04-01
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Aeta Passed by thu State Legislature.

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WIssas, during the asi ears 1881, slssa,
1865, 1854, and part of the year 1865, in the
properly, Confederate States, notes, isssued
by the so-called Confederate States Govern
ment, were used as q basis of value or me-
dunn Of exchange; and whereas, the yaIne
of said Confederate States notes was greatly
less than the lawful money of the United
Statess and whereas, the payment, of debts
and obligations contracted during said years
in said Confederate States notes is now
sought to pc enforced, in the lawful money
of the United States; therefore,
SEoTIoN /. BE 4! es.aeiecs 5u Ge Senate and
House gr Representatives Of The State o., So,ah
Carolina, moio met and sitting in General As
sens6y, and by The authority of.he same, That
the value of all debts aAd obligations.
whether under seal, created or contracted
in Confederate States notes, or with refer
ence TO Confederate States notes as basis
OF value, issued by the soecalled Confederate
states government or in or by any bills,
ponds Or notes assimilated or made equiva-
lent IN value to Confederate States notes,
by any law or custom of trade, during the
years 1861, 1862, 1868, 1864 and 1866, shall
be.r determined by the value of said Con-
federate States notes in the lawful money of
the United States at the time such debts or
obIA ations were created Or contracted.
SEQ z Pursuant to the preceding Sec
tlon, iathe value, of one dollar of lawful
money OF the United States in said Con-
namely
1. During, January and February, 1861,
one dollar of lawful money was equal to
one dollar and five, cents of Confederate
States notes, .,,n .',. .. p .-
Q. During March, 1861, one dollar. of
lawful money was equal to one dollar and
six cents of Confederate States notes.
.. During April, 1861, one dollar of law
tui money was equal to one dollar and
seven cents OF Confederate States notes.
4. During May, 1861, one dollar of law
full money was equal to one dollar and eight
cents OF Confederate States notes.
3. During June, 1861, one dollar of law
full money was equal to one dollar and nine
cents Of Confederate States notes.
6: During July and August, 1861, one
dollar OF lawful money was equal to one
dollar and ten cents of Confederate States
notes.
r; During September, 1861, one dollar
OF lawful money was equal to one dollar
and eleven cents of Confederate States
notes.
g. On the 1st day of October, 1861, one
dollar Of lawful money was equal to one
dollar and, twelve cents of Confederate
States notes, and, from day to day there
after, regularly increased in value until the
3!st day Of October, 1861, when one dollar
OF lawful money was equal to one dollar
ana hfteen cents of Confederate States
notes.
8. On the LIST day of November. 1861
one dollar of lawful money was equal to
one dollar and fifteen cents of Confederate
States notes, and, from day to day there
after, regularlarly increased in value until
the 30th OF November, 1861, when one dol
lar or lawful money was equal to one dollar
and twenty cents of Confederate States
notes.
10. On the LIST day of December, 1861,
one doiiar OF lawful money was equal to
one one dollar and twenty cents of Confederate
States notes. and, from day to day there
after, regularly increased in value until
the 10th day of December, 1861, when
one dollar OF lawful money was equal to
one dollar and thirty cents of Confederate
States notes, and, from day to day there
after, regularly decreased in value until the
3lst day Of December, 1861, when one
dollar OF lawful mohey was equal to one
dollar and twenty cents of Confederate
States notes.
IL. On the LIST day of January, 1862.
one dollar of lawful money was equal to
one dollar and twenty cents of Confederate
states notes, and, from day to- day there
after, regularly increased in value until the
Slst day Of January, 1862, when one dol
lar OF lawful money was equal to one dol
lar and twenty-five cents of Confederate
States notes. .-.
IL. On the, LIST day, of February, 1862,
one dollar of lawful money was equal to
one dollar and twenty two cents Of Con
tederate States notes, and, from day to day
thereafter, regularly increased in value until
the 2Sth day of February, 1852, when one
dollar OF lawful money was equal to one
dollar and forty-eight cents OF Confederate
States notes.