The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-04-06
ACTS OF THE LEGLSLATURE.
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Omcinl.,
fe- ~ s$ goa n
AN ACT TO DETERMINE THE VALUE OF CONTRACTS
IN CONFEDERATE sTATEs NOTES OFT THEIR
! EQUIVALENT. 80
Whereas, during the years 1861, 1862. 1868.
1864, and part of the year 1865. in the ex-
change aud transfer Of real and personal prop
city, Confederate States notes, ISSUED by the
used as basis Of value or medium OF OK
change; and whereas, the value OF said Con-
federate States notes was greatly less than the
lawful money OF the United Statee; and where
as, the pa ayments OF debts and obligations con-
tracted during sald years in SAID Confede, ate
States notes is now sought to be emf )rced in
the lawful money Of the United States; there
fore,
SECTION 1. Be 1t enacted by tho Senate and
House of Representstlv tlves Of the State Of South
q rolIna, now met and sitting in General AS.
sembly, and by the auth rity OF the same
That the value OF all debts and obi at,ous,
whe, her under SEAL created or contracted in
Confederate States not-s, or with reference to
Confederate States notes as q basis OF valuo.
issued by tho so-callcd Confederate States
Government, or in or by any bills. bonds or
notes asslmilated OF made equivalent in value
to Confed Arate States notes by any la v or
custom Of trade, during the years 1861, 1862,
1868, 1864 and 1865 shall be determined by the
value OF said Confederate States notes in the
lawful money or the Uhlted Stat ,s ut the time
such debts OF obligations were created or con-
t, acted. t'e -Lst
oEC q. fuTsu1nC 10 the preceding Sec
tion. the value Of one dollar OF lawful money
of the UM, ed States in said Confederate States
notes is declared as follows, namely:
i. During January and February, 1861,
one dollar OF lawiul money was equal to
one dollar aand five cents Of Conf f3d5rate
States notes.
2. During March, 1861, one dollar Of law
fu' money was equal to one dollar and six cents
Of Confederate States notes.
8. During April. 1861, one dollar OF lawful
money was equal to one dollar and seven cents
OF 60 ,federate States notes.
4. During May, 1851. one dollar If lawful
money was equal TO one dollar aud eight ceuts
of Confederate States notes.
B. During June, 1861, one dollar of lawful
money was equal to one dollar and nine cents
of Confederate States notes.
6. During July and August, 1851. one dollar
of lawful money was equal 10 one dollar and
ten cents OF Confederate 3 ates notes.
2. During September, 1861, Que dollar OF law
full money was equal to one dollar and eleven
cents of Eonfeder ate States notes.
8. On the LIST day OF October, 1861. one dollar
or lawful money was equal to one dollar end
twelve cents OF Confederate States notes, and.
from day to day thereafter. regularly increased
in value until the 31st day Of % obar, 1861,
when one dollar of lawful money was equal to
one dollar aud fifteen cents OF Confederate
States notes.
8. On the 1st day of November, 1861, one
dollar Of lawful money was equal to one .,ollar
and fifty cents of Confederate Htaies notes.
and. from day to day thereafter. regularly in
IL
1861. when one dollar of lawful money was
equal to one dollar and twenty cents OF Con-
tederate States notes.
TO- On the LIST OF December 1861, one dollar
OF lawful money was equal o Que dollar and
twenty cents Of Confederate Sta es notes, and,
from day to day thereafter. regularly increased
IN value until the 18th day Of December, 1861,
when on3 dollar OF lawful money was equal 10
one dollar and thirty cents OF Confederate
States notes, and. from day to day thereaft sr,
regularly Increased in value until the 31st day
Of December. 1861, whea one collar Of lawful
money WAS equal to one dollar and twenty
cents Of Confederate States u ties.
II On the 1st day OF January, 1869. one do
lar OF lawful money was equal to ono dollar
aud twenty cents Of Confederate States
notes, and, from day. TO day thereafter, regu-
!arly increased III 'alue until tho 3lst day OF
Jlnuary, 1862, when ono dollar OF lawful money
was equal to, one ,llar aud twenty. two cents
of Confederate States notes.
IL. On the LIST day OF February, 1864. one
dollar OF Lawful money was equ,l to one dollar
and Twenty-Five cents OF Confederate States
notes. and. from day to day thereafter. regu-
iarly increased nsn In value until the 3sh day of
February, 1862, when ono dollar Of iawlul money
was equal to one dollar and forty -eight cents Of
Confederate States notes.
IS. On the 1st day OF March, 1864. ono dol
and torty-e,ght cents OF Confederate states
notes. and. tom day TO day thereafter, rsgu-
iafly increAsed in value until the Stat day or
Maroh, 1861 when one dollar ofiawtal money
centa7ot Confederate States notes.
(. IA On the 1st day OF April. 1869, one dollar
of lawful money was equal to one dollaE and
seventy tbree cents or Confederate States
notes, and, from day to day thereafter. regu-
larly Increased in value until tho 30Jn day 0s
April, 1862 wheu one dollar OF lawful money
was equal 10 one dollar aud eighty -seven cents
Of COnfede at 9 States notes.
16 On the LIST day cf May, 1869. ono dolas of
lawful money was equal to one dollar and
eighty-sevep cents of Confederate States notes,
aud, from day to day thereafter regularly IN
creased In value uutli the 3lst day Of May, 1882
when sons d,:larof isIw1tttt money was equal to
one dollar and oighty- nj 9 cents or Confederate
States notes. a..Ss "a " Z =
l8. On the ast day Of June, 1862 one dollar
eighty.nine cents OF Conte dcrate States notes.
and, from day to day thereafter, regularly in-
CREASED In value until the 90h daV OF June
1862, when one dollar Of Lawful money was
equal to oIs doilar and niAety cents OF Confed-
esa.e States Notes.
IL. On the 1st day OF July. 1Se2 ore dollar
OF lawful money was equal to one 1olia- anu
ninety ccnts Of Confederate States notes aH!
from day TO day thereaf, or. regularly decreased
in value until the Goth day Of Jslly, 1862. whe,
one dcl!aT OF lawful money was equal 10 one
dollar and eighty-three cents OF Conesder al,
States notes and. from day TO day thereafter
OF july 1862, when one dollar of Lawful IN nc.
was equal to one dollar aid ninety cents 8.
Confederate States n3res..
ID. On the frat day OF Augnet. 1862 ono
dollar OF laAfu' money was Vquai to Que dolial
and ninety cents OF Confederate States no q.
and ffosL DAY to day thertafto regularly ir.-
Creased IN value until the 81 " day OF Auunst