The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1869-04-08
HOYT & CO., Proprietors
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An Act to determine the Value of Contracts
in Confederate States Notes, or their
Equivalent.


Whereas, during the years 1861, 1862,
1868, 1864, and part of the year 1865, in
the exchange and transfer of real and
personal property, Confederate States
notes, issued by the so-called Confederate
States Government, were used as basis
of value or medium of exchange and
whereas, the value of said Confederate
States notes was greatly less than the
lawful money of the United States and
whereas, the payment Of debts and obli-
cations contracted during said years in
said Confederate States notes is now
sought to be enforced inthelawful money
of the United States; therefore,
SECTION l. Be it enacted By the Senate
and House of Representatives of the State
of South Carolina, no,o met and sitting IN
General Assembly, and by the authority Of
the same, That the value of all debts and
obligations, whether under seal, created
or cont racted in Confederate States notes,
or with reference to Confederate States
notes as basis of value, issued by the
so-called Confederate States Government,
or in or by any bills, bonds or notes as
simulated or made equivalent in value to
Confederate States notes, by any law or
custom of trade, during the years 1861,
1862, 1853, 1864 and 1865, shall be deter
mined by the value of said Confederate
States notes in the lawful money of the
United States at the time such debts or
obligations were created or contracted.
Sec. g. Pursuant to the preceding Sec
ton, the value of one dollar of lawful
money of the United States in said Con-
fcderate States notes is declared as fol-
lows, namely:
l. During January and February, 1851,
one dollar of lawful money was equal to
one dollar and FIVE cents of Confederate
States notes.
2. During March, 1861, one dollar of
lawful money was equal to one dollar and
six cents of Confederate States notes.
3. During April, 1861, one dollar Of
lawful money was equal to one dollar and
seven cents of Confederate States notes.
4. During May, 1861, one dollar of law
ful money was equal to one dollar and
eight cents of Confederate States notes.
5. 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, 1861, one
dollar of lawful money was equal to one
dollar and ten cents Of Confederate States
notes.
Z. During September, 1861, one dollar
of lawful money was equal to one dollar
and eleven cents of Confederate States
notes
8. On the 1st day of October, 1861 ,ono
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 3lst day of October, 1861, when one
dollar Of lawful money was equal to one
dollar and fifteen cents of Confederate
States notes.
9. On the 1st day of November, 1861,
one dollar of lawful money was equal to
one dollar and fifteen cents of Confede-
rate States notes, and, from day to day
thereafter, regularly increased in value
until the 3Oth of November, 1861, when
one dollar of lawful money was equal to
one dollar and twenty cents OF Confede-
rate States notes.
10. On the 1st day of December, 1861,
one dollar Of lawful money was equal to
one dollar and twenty cents of Confede-
rate States notes, and, from day to day
thereafter, regularly increased in value
until the 18th. 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 thereafter, regularly decreased in
value until the 31st day of December,
1861, when one dollar of lawful money
was equal to one dollar and twenty cents
of Confederate States notes.
H. On the lst day Of Jaruary, 1862,
one dollar of lawful money was equal to
one dollar and twenty cents of Confedc-
rate States notes, and, from day to day
thereafter, regularly increased in value
until the 3lst day of January, 1862, when
one dollar of lawful money was equal to
one dollar and twenty-five cents OF Con-
federate States notes.
IL. On the 1st day of February, 1862,
one dollar of lawful money was equal to
one dollar and twenty-five cents OF Con-
federate States notes, and, from day to
day thereafter, regularly increased in
value until the 28th day of February,
1862, when ono dollar of lawful money
was equal to one dollar aud forty eight
cents of Confederate States notes.
49, On the 1st day of March, 1862, one
dollar of lawful money was equal TO one
dollar and forty-eight cents of Contede-
rate States notes, and, from day to day
thereafter, regularly increased in value
until the 31st day of March, 1862, when
ono dollar of lawful money was equal to
one dollar and seventy-three cents of
Confederate States notes.
IA. On the 1st day of April, 1862, one
dollar of lawful money was equal to one
dollar and seventy-three cents of Confed-
crate States notes, and, from day to day
thereufter, regularly increased in value
Until tho goth Hau nf Anril 1862 when