[$tinkle]

1861 $300 promissory note now worth $22M

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.

"Obviously we came at a bad time because the city seems like they're trying to cut their budget," she said. "On the other hand, they're building the Riverwalk."

pay up, bitches

wonder if this can be used in a reparations lawsuit.

 

[dante]

pfft. since FL had already seceded, that would be a confederate city administration that wrote the note. zero chance of that actually going through...

 

[LordOpie]

Wouldn't it be funny if the suit was successful, the city took the note, then sold it to a collector for $30mil.

 

[$tinkle]

"debt collector"?

 

[manimal]

pfft. since FL had already seceded

Tampa is South FL, it seceded from Cuba.

side note:

best shirt ever

 

[JohnE]

They should start repossesing the city, peice by peice.
We are in the process of cleaning out my Mums house now, sure hope we find something like that.