How the Confederacy Provided Paper for Union Banknotes
Many of the second and third issue fractional currency proofs as well as some of the regular issue fractional currency notes are printed on paper watermarked "CSA." How did this paper, the same type that had previously been used by Keating and Ball to print $10 Confederate notes in 1861 and $100 notes in 1862 come to the BEP.
The story begins at high tide on September 28, 1861, a dark and moonless night. A steamship, the "BERMUDA," neared the darkened coast of Savannah, Georgia.