![]() Possibility that Richmond might fall caused great concern within theĬonfederate government. McClellan’s goal was to drive up the peninsula and capture Required to use plates engraved by Keatinge & Ball to produce the treasuryġ862, Union General George B McClellan had transported overġ00,000 troops to the lower end of the Virginia peninsula and moved within 65 In the notes, Memminger decided to have only one firm, Keatinge & Ball, do Included Keatinge & Ball, Blanton Duncan, Hoyer & Ludwig, and ![]() A Treasury Note Division of the Treasuryĭepartment – later the Treasury Note Bureau 2 - was created to manageįirms and their printing plants were in the Confederate capital, Richmond, and To contract with private printing firms to produce treasury notes. Instead ofĬreating a government-run engraving and printing operation, Memminger decided Secretary of the Treasury, Charlestonian Christopher Memminger. ![]() The responsibilityįor manufacturing, finishing, and distributing this currency fell to the Confederate States Congress decided to begin issuing treasury notes (paperĬurrency) 1 as a medium of exchange and method for financing theĬosts of running the new government and a military at war. ![]()
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