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V12 2009 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 12, Number 8, February 22, 2009, Article 6

NEW BOOK: CONFEDERATE DEPOSITORY RECEIPTS AND EXCHANGE CERTIFICATES

Pierre Fricke forwarded the following announcement about a new book project he's working on with George Tremmel. -Editor
Collectors of Confederate fiscal paper have long been fascinated by the interim depository receipts (IDRs) and exchange certificates. This book will explore the history of these important fiscal documents that bridged older issues of paper money to bonds or newer issues of paper money.

The printers of official Confederate treasury notes and bonds could not keep up with demand for new paper money and print bonds to redeem the old paper money. Hence, the Confederate Treasury resorted to certificates of indebtedness or interim receipts. These were used to borrow money temporarily while new issues were substituted for the old paper money or to satisfy claims of those who had bought bonds which the treasury did not have on hand. See below for an example of an IDR issued by the depositary at Selma, Alabama.
Confederate Interim depository receipt (IDR)

IDR issued at Selma, Alabama in 1864 by W. M. Smith, Depositary.


In 1998, two great researchers and collectors of IDRs, Dr. Douglas B. Ball and John Martin (Marty) Davis, began collaborating on a definitive reference and history of these interesting documents. Unfortunately, Dr. Ballís untimely death in 2003 ended this partnership. Subsequently, Pierre Fricke acquired Dr. Ballís work, and more recently, Marty Davis approached George Tremmel to help author a book based on his earlier research. Tremmel contacted Fricke in late summer 2008 and the old collaboration was resumed.

In 2010, the authors plan to publish, a history and catalog of IDRs and exchange certificates originating in all eleven Confederate states. Several publishing options are being explored. The book will be modeled after recent award winning Confederate currency books by both Fricke and Tremmel. It will be portable, in full color and affordably priced. Its contents include an historical narrative and an illustrated catalog with rarities and pricing.

Several major collectors are helping already and we encourage others willing to contribute information and scans to contact us, please.

The authors may be reached at gtremmel@nc.rr.com And pfricke@attglobal.net . -Editor




Wayne Homren, Editor

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