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

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

  1. Revmitchell Well-Known Member
    Site Supporter

    Joined:
    Feb 18, 2006
    Messages:
    52,013
    Likes Received:
    3,649
    Faith:
    Baptist



    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 Administrator
    Administrator

    Joined:
    Jul 4, 2000
    Messages:
    15,371
    Likes Received:
    2,405
    Faith:
    Baptist
    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 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,982
    Likes Received:
    2,615
    Faith:
    Baptist
    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 New Member

    Joined:
    Mar 4, 2008
    Messages:
    1,594
    Likes Received:
    0
    Then if they should win the lawsuit they should be paid in Confederate dollars. :laugh:
     
  5. rbell Active Member

    Joined:
    Jan 16, 2006
    Messages:
    11,103
    Likes Received:
    0
    spot on with that one.
     
  6. EdSutton New Member

    Joined:
    Jan 9, 2006
    Messages:
    8,755
    Likes Received:
    0
    Makes sense to me.
    >
    >
    >
    >
    >
    >
    >
    >
    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 Active Member

    Joined:
    Apr 10, 2005
    Messages:
    1,070
    Likes Received:
    0
    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 Member

    Joined:
    Sep 7, 2005
    Messages:
    610
    Likes Received:
    0
    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 New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    1
    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) Well-Known Member

    Joined:
    Oct 21, 2003
    Messages:
    26,806
    Likes Received:
    80

    Amazing how often TAGS gets it right :).

    That was my first thought when I saw the thread
     
  11. Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,982
    Likes Received:
    2,615
    Faith:
    Baptist
    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: )