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Full Details for Lot 360

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Sale 38 Lot 360

CONFEDERATE PRIVATEERING ACT Important printed circular, 1p. 4to., [Montgomery, Ala.] May 21, 1861, an amendment to an act of May 6, 1861 relative the commissioning of privateers. Entitled "An Act to amend an act entitled 'An Act recognizing the existence of war between the United States and the Confederate States, and concerning Letters of Marque, Prizes and Prize Goods, approved May 6th...", including specific provisions for reward payments: "...the Government of the Confederate States will pay to the cruiser...twenty per centum on the value of each and every vessel of war belonging to the enemy, that may be sunk or destroyed...payable in eight per cent. bonds of the Confederate States...". The second provision concerns provisions for naval innovations: "That is any person who may have invented or may hereafter invent any new kind of armed vessel, or floating battery, or defence, shall deposit a plan of the same...in the navy department...[which] shall entitle such inventor....exclusive enjoyment of the rights and privileges conferred by this act, reserving however, to the Government, in all cases, the right of using such invention...". Provenance: Rebel Archives, War Department; Collection of Douglas O'Dell. Partial fold separation at horizontal folds, some marginal chips and tears, else near fine condition.
Estimate $ 200-300

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