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Tampa sued to collect on 147-year-old promissory note worth millions

Discussion in '2008 Archive' started by Revmitchell, Mar 18, 2008.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    TAMPA — In the early months of the Civil War, the city of Tampa needed ammunition and other supplies to defend against attack but apparently was short on cash.
    So it issued a promissory note for $299.58 to storekeeper Thomas Pugh Kennedy on June 21, 1861.
    Kennedy's great-granddaughter says the city never made good on its loan. Now, Joan Kennedy Biddle and her family are suing to collect the payment plus 8 percent annual interest.
    The total bill: $22.7-million.


    http://www.tampabay.com/news/localgovernment/article419897.ece
     
    #1 Revmitchell, Mar 18, 2008
  2. Squire Robertsson

    Squire Robertsson Administrator
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    To the best of my knowledge all government debts conected to the Confederacy were repudiated and made uncollectable after Appomatox.

    If Tampa was a Union stronghold (which I doubt), that makes the debt a Union one and a different matter.
     
    #2 Squire Robertsson, Mar 18, 2008
  3. Salty

    Salty 20,000 Posts Club
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    There was an episode on the Andy Griffith show that had a similar plot.

    Mayberry goes Bankrupt

    interesting ending, maybe the same for Tampa


    Salty
     
    #3 Salty, Mar 18, 2008
  4. dragonfly

    dragonfly New Member

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    Then if they should win the lawsuit they should be paid in Confederate dollars. :laugh:
     
    #4 dragonfly, Mar 18, 2008
  5. rbell

    rbell Active Member

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    spot on with that one.
     
    #5 rbell, Mar 18, 2008
  6. EdSutton

    EdSutton New Member

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    Makes sense to me.
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    Only problem is - Where are they going to find $22.7 Million Confederate dollars?? :confused: Why I'd almost bet the City of Tampa would have a tough time finding, I don't know, say, $299.58 Confederate. :tonofbricks:

    :laugh:

    Ed
     
    #6 EdSutton, Mar 18, 2008
  7. Pipedude

    Pipedude Active Member

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    When the Federals need money these days, they print it up or borrow it from Communist China. They should be able to help out Tampa with few million Confederate dollars.
     
    #7 Pipedude, Mar 19, 2008
  8. AntennaFarmer

    AntennaFarmer Member

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    Ha! I wish I could get someone to pay me in Confederate bills.

    I bought one years ago $1 Confederate at about $15 U.S.. They are a lot higher now.

    I looked around a little on the net. The cheapest $100 Confederate bill I found was $125 U.S..

    A.F.
     
    #8 AntennaFarmer, Mar 20, 2008
  9. LeBuick

    LeBuick New Member

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    I can give my daughter a box of crayons and she'll make up a batch. At least they won't be worthless... To me that is... (Daddy's Love)
     
    #9 LeBuick, Mar 22, 2008
  10. NaasPreacher (C4K)

    NaasPreacher (C4K) Well-Known Member

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    Amazing how often TAGS gets it right :).

    That was my first thought when I saw the thread
     
    #10 NaasPreacher (C4K), Mar 23, 2008
  11. Salty

    Salty 20,000 Posts Club
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    It seems that this thread is being hijacked (and I dont want to end up in Cuba!:smilewinkgrin: ) so I have started a new thread in response to the off topic posts. Here is a link to "WHO PAYS MORE TAXES" ?

    And now lets get back to the OP

    I suggest that we let Sherriff Andy Taylor decide the outcome (remember he is also the justice of the peace:applause: )
     
    #11 Salty, Mar 23, 2008
    Last edited by a moderator: Mar 24, 2008
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