TREASURY WARRANT NO. [82383] APPROPRIATION [82 Q(?)] UNDER ACT OF [JAN'Y 14] 186[2], FOR MILITARY SERVICE, THE TREASURER OF THE STATE OF TEXAS WILL PAY ONE DOLLAR TO [H. REDMOND] OR BEARER. COMPTROLLER'S OFFICE, AUSTIN [JUNE 26] 1862.

NP [Austin, TX]: nd [1862]. Treasury warrant, partly printed in orange and black, completed in manuscript, 7 x 17 cm. Signed by C.R. Johns, comptroller. Small illustration of a young woman carrying a pail, at left margin, captioned "Receivable for State Dues." Endorsed on verso by C.H. Randolph. A single one dollar warrant, apparently detached from a larger sheet (remnants of another warrant along the bottom margin). Remains of mounting tape at all four corners of verso, else a very good copy. Item #65030

Texas Treasury warrants were issued to individuals for military and civil service by the state during the Civil War. The warrants were backed by the promise that they would be accepted as payment for state taxes and other public dues. According to an article by Gary Pecquet and Clifford Thies entitled "Texas Treasury Warrants, 1861-1865, A Test of the Tax-Backing of Money," [Eastern Economic Journal, Vol. 32, No. 2, Spring 2006], the first warrants were issued "just prior to the war to enable the state to meet a military emergency on the frontier." Both the Texas issued warrants and the Confederate dollar were in circulation in Texas during the war, but by late 1861, the value of the Confederate notes had fallen and the Texas governor had called for the issue of additional warrants. The Texas legislature complied in January 1862, "making both Confederate notes and state warrants acceptable for the purposes of most Texas tax obligations."

Price: $150.00