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

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

  1. Revmitchell

    Revmitchell
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    [​IMG]


    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
     
  2. Squire Robertsson

    Squire Robertsson
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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.
     
  3. Salty

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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
     
  4. dragonfly

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    Then if they should win the lawsuit they should be paid in Confederate dollars. :laugh:
     
  5. rbell

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    spot on with that one.
     
  6. EdSutton

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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
     
  7. Pipedude

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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.
     
  8. AntennaFarmer

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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.
     
  9. LeBuick

    LeBuick
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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)
     
  10. NaasPreacher (C4K)

    NaasPreacher (C4K)
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    Amazing how often TAGS gets it right :).

    That was my first thought when I saw the thread
     
  11. Salty

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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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