The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-04-06
let's OF THE LEGISLATURE.
Official.

Official.
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 ex-
change and transfer of real and personal prop
city, Confederate States notes, issued by tho
so-caIled Confederate States Government, were
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 States; and where
as, the payments OF debts and obligations con-
tracted during SAID years in said Confederate
States notes is now sought TO be enforced in
the lawful money of the United States; there
fore,
SECTION 1. Be Il enacted by the Senate and
House of representatives OF the State OF South
G rolina, now met aud sitting in General AS.
sembly, and by the auth rty OF the same.
That the value of all debts and obi .ations,
whether under seal, created or contracted III
Confederate States notes, or with reference to
Confederate States notes as y basis OF value,
issued by the so-c;,llcd Confederate States
Government or in or by any bills, bonds OF
notes asslmated or made equivalent in value
to Contcd ,rate States notes, by any law or
custom of trade, during the years 1861. 1862,
yalue OF said Confederate States notes in the
lawful money OF the United States ut the time
such debts or obligations were created Or con-
II acted.
SEC. 2. Pursuant to the preceding Sec
ton, the value of one dollar OF lawful money
of the United States in said Confederate States
notes is declared rs follows, namely:
/. During january and February, 1861.
one dollar and five cents OF Confederate
States notes.
3. During March, 1861, one dollar Of law
ful 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 ono dollar and seven cents
of Confederate States notes. :,
4. During May, 1861, one dollar oi lawful
money was equal to one dollar ana elgnt Genus
of Confederate States notes.
s. During June, 1861, one dollar OF lawful
money was equal to one dollar and nine cents
of Confederate States notes. .o,, ILL.,
6. During July and August, 1861, one dollar
of lawful money was equal 10 one doliar ano
ten cents of Confederate States notes;
Z. During September, 1861, one @ dollar OF law
fni money was equal to one dollar and eleven
cents of Confederate States notes.
8. On the 1st day OF October, 1861, one dollar
M lawful money was equal to ono dollar and
twelve cents of Confederate States notes, and,
from day to day thereafter, regularly increased
in value until the 31st day OF October, 1851,
when one dollar Of lawful money was equal 10
one dollar and fifteen cents OF Confederate
States notes. .oo,
Q. On the lat day of November, 1861, one
dollar of lawful money was equal to one dollar
and fiftv cents of Confederate States notes,
and, from day to day thereafter, regularly in
creased in value until tho 3Oth OF November,
1861. when one dollar Of lawful money was
equal to one dollar and twenty cents OF Con-
tederate States notes.
10. On the 1st of December, 1851, one dollar
Of lawful money was equal to one dollar aud
twenty cents Of Confederate States notes, and,
! from day to day thereafter, 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 thereafter,
regularly increased in value until the 3lst day
of December, 1861, when one collar OF lawful
money was equal to one dollar and twenty
, cents of Confederate States notes.
! II. On the 1st day of January, 1862, one do
lar Of lawful money was equal to one collar
aud twenty cents OF Confederate States
notes, and, from day to day thereafter, regu-
larly increased in 5alue until the 31st day OF
Jmnarv. 1862. when one dollar OF lawful money
was eo1al to one d ,llar and twenty-five cents
of Confederate States notes.
12. On the 1st day of February, 1862, one
dollar OF lawful money was equal to one dollar
and TWENTY-FIVE cents of Confederate States
notes, and, from day to day thereafter, regu-
| larly increased in value until the 18th day OF
February, 1862, when one dollar of lawful money
was equal to one dollar and forty-eisat cents OF
| Confederate States notes.
49, On the 1st day OF March, 1862, on" dol
lar of lawful money was equal to one dollar
and forty-eight cents of Confederate States
notes, and, from day to day thereafter, regu--
larly increased in value until the Slst day OF
| March, 1862 when one dollar oflawful money
was equal to one dollar and seventy-three
cents of Confederate States notes.
H. On the 1st day OF April, 1862, one dollar
| of lawful money was equal to one dollar and
seyenty.tbree cents OF Confederate States
notes, and, from day to day thereafter, rogu-
! larly increased in value until the 3Oth day OF
April, 1862, when one dollar of lawful money
was equal 10 one COLLAR aud oighty-seVen cents
Of Confedel ate States notes.
IS On the 1st day Of May, 1862, one dollar OF
lawful money was equal to one dollar and
eighty-seven cents of Confederate States notes,
| and, from day to day thereafter, regularly in
creased IN value until the 31st day OF May, 1867
wien one dollar Of lawful money was equal T.,
one dollar and eiehty-nlnc cents OF Confederate
States notes.
1G. On the 1st day of June, 1862 one dollar
of lawful money was equal to one dollar and
eishty-nine cents of Confederate States notes.
and, from day to day thereafter, regularly i'll
creased in value until the 90th day of June
1862, when ono dollar OF lawful money was
equal to ore dollar and ninety cents of Confed-
crate States notes.
II. On the 1st day of July, 1862, one dollar
of lawful money was equal to one ionar anI
ninety cents of Confederate States notes, and
from day to day thereafter, regularly decreased
in value until the Goth day of July, 1862, whci
one dollar OF lawful money was equal to OIL,
dollar and cighty-three cents Of Confedcrar'
States notes, and, from day to day thereaft er
reeuarly increased in value, uutil the 31st da.
Of July, 1862, when one dollar of lawful IN me-
was equal to one dollar and ninety cents
Confederate States notes.
IL. On the first day of August, 1862, ont
dollar of Lawful, money was equal to one dollar
and ninety cents OF Confederate States no!e.
and and fro,a day to day thereafte,, regularly in
creased m IN value until the 31st day oil Angus
1850 when one dollar OF lawful money wa