1862 $5 Missouri Bond PMG AU55
The Story of 'Requisition for Missouri Defense' Bonds
Missouri was a very divided state during the Civil War, it actually was admitted to the Confederacy without ever having seceded from the Union. During most of the war, the state actually had 2 different state governments. Governor Claiborne Fox Jackson was governor when the Civil War broke out, was a southern sympathizer, but he was unable to get the state convention to join the Confederate States of America. After a military confrontation in St. Louis and a breakdown in talks with the US government over the loyalty of Missouri to the Union, Governor Jackson and most of the state legislature fled from Jefferson City and went to Booneville. Following its removal from the state capital, Governor Jackson’s secessionist government set up operations in Neosho in southwestern Missouri and passed an ordinance of secession on October 31, 1861. It authorized $10 million for defense and the production and circulation of defense bonds to raise money for the war effort. Because Jackson’s government was in exile most of the bonds were never signed and did not circulate. The Confederate Missouri State Guard (MSG) was to give these non-interest-bearing bond notes to soldiers, who would turn them in for pay three years after issuance. However, the MSG was short lived and many of its members joined the formal Confederate army, which is perhaps another reason why the bonds were not widely circulated.
Union General Nathan Lyon captured Jefferson City on May 14, 1861 and set up a pro Northern government. Finally the secessionist government was run from Missouri and set up their governing of the state from Texas, but by this time, this was an exercise in futility. So, due to these events, most of the Confederate Money issued by the CSA government was in fact, never circulated as it was printed on the run and never distributed. Consequently, It is estimated that today only between 800 to 1500 of these Civil War Defense Bonds still exist.