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Memminger clearly wanted to keep quiet the fact that he was continuing to do business with a firm that had refused to move. As a token of thanks, Memminger gave the company a contract to print a new $10 note, known today as Criswell T-46 in the standard cataloging system for Confederate notes.Īn unusual stipulation was attached, however, that the firm’s name could not appear on the note or any other future notes that the firm would be allowed to print. This means that legitimate Confederate currency should not have.
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But the other printers’ margins were heavily squeezed because the department enforced the new prices on existing contracts. Instead, they used scissors and other hand-cut methods. When Memminger readily accepted the offer, the price reduction did not affect Hoyer & Ludwig because they had no business. Hoyer & Ludwig, not being inclined to just give up, served up a proposal to Memminger that offered the department over a 55 percent savings on printing costs. Vintage 1863 US Confederate State of American 100 Dollars Banknote 1st Series. Paterson & Co., a new firm, politically connected to Vice President Alexander Stephens. Vintage 1863 US Confederate State of American 100 Dollars Banknote 1st Series.
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500 Confederate States of America 1864 note 100 Louisiana 1863 note 5 Texas 1862 note 2 Tennessee (Bank of Chattanooga) 1863 note 1 Florida 1863 note 100 Alabama 1864 note Confederate Currency Set C Six antiqued reproductions of original Confederate banknotes. Memminger, faced with this rather public “disobedience,” felt he had no choice but to strip the company of its printing contracts and award them to J.T. The antiquing process creates a banknote that looks and feels old. All complied except Hoyer & Ludwig, who refused to leave the city. Lee turned back the Union advances, the Confederate government ordered the printers to evacuate and relocate their operations to Columbia, S.C. In May 1862, nearly two months before Robert E.