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1 Dollar Arkansas Treasury Warrant

Issuer State of Arkansas Treasury
Year 1862-1863
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Shape Rectangular
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Obverse description The State of Arkansas coat of arms appears at the left, with the denomination ONE inscribed both above and below the vignette. A central portrait, identified as Governor Jefferson 'Jeff' Davis, occupies the middle of the note, flanked on each side by the numeral 1 in large counters. The overall layout is typical of mid-nineteenth-century American letterpress printing, with text panels carrying the warrant obligation above and below the central design.
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Reverse description The reverse is printed in green ink and carries a bold central cartouche composed of three interlocking oval frames with fine lathe-work guilloche borders. The words ARKANSAS, TREASURY, and WARRANT are set in large serif capitals within successive ovals, filling the entire field of the note in a striking typographic design characteristic of Civil War-era Southern issues.
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Arkansas left the Union in May 1861, and by 1862 the Confederate state government was issuing its own treasury warrants to function as circulating currency — a direct consequence of the near-total collapse of specie circulation and the inadequacy of Confederate notes reaching the interior. These dollar warrants were printed under difficult wartime conditions, and the typography and paper quality reflect it.

Arkansas treasury notes of this period are among the more fragile survivors of Trans-Mississippi Confederate issues. The state's printing resources were limited, and successive Union advances through 1863 — culminating in the fall of Little Rock in September — disrupted both production and any organized redemption.

Pick lists this under P#231, but attribution within the Arkansas series can be complicated by unsigned or partially completed examples, which were apparently issued in that state rather than held back.

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