Stonewall Jackson Vignette Confederate $1,000 Bond CR-122 Ball-241 on Pink Paper - Confederate States of America Bond
Inv# CF1088 Bond Cat# CR-122
$1,000 7% Bond with 7 coupons. Portrait of "Stonewall Jackson",Lt. Genl. T.J. Jackson. Cr-122, Ball 241. Nice graphics by Archer & Daly, Richmond, VA. on pink paper. Very Popular!!
The Confederate States of America issued the “Stonewall” Jackson bond, cataloged by numismatist Grover Criswell as CR-122, under the authority of the Act of February 20, 1863. This $1,000 denomination bond played a pivotal role as a crucial financial instrument, funding and sustaining the Confederate war effort while simultaneously boosting Southern morale through patriotic imagery. Lithographed by Archer & Daly in Richmond, Virginia, the bond is renowned for its iconic portrait of Lieutenant General Thomas “Stonewall” Jackson, which served as a powerful motivator for public investment.
Aesthetically distinct, the Criswell-122 bond was typically printed on pink paper and featured a secondary vignette of a side-wheel steamboat at the bottom. It was structured with a 7% interest rate, originally featuring several semi-annual coupons that investors could easily clip and redeem. While these bonds were once widely circulated, their financial value plummeted upon the Confederacy’s defeat in 1865. Today, the CR-122 holds immense value for collectors, serving as a prime example of Civil War era ephemera due to its iconic central portrait and its association with one of the Confederacy’s most illustrious military figures.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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