Lot
75 
Southern Bonds, violet humorous caricature design with John Bull quote caption below and Brown & Ryan imprint at left, on endorsed "Soldier's Letter, G.W. Johnson, Major, 69th N.Y. Reg." to Sherman, N.Y., "Washington, D.C., Oct 22, 1861" cds and matching "Due 3" in circle handstamp; cover slightly reduced at right, Very Fine, a very rare caricature patriotic design.Estimate $600 - 800.
At war's end, Southerners were left holding now worthless Confederate bonds. To help raise money, the Confederate States of America issued bonds. Early in the Civil War, these bonds seemed a worthwhile, even patriotic, investment to the Southerners who bought them.