Atlantic Steam Packet Company of the Confederate States Confederate Blockade Runner Stock Certificate

Our Price: $3450

The Atlantic Steam Packet Company of the Confederate States Confederate Blockade Runner Stock Certificate.  Extremely Rare.  About five known.  One of the most desirable of the blockade certificates with prominent wording  “of the Confederate States” in the title.

Company had steamer Kate Gregg.  The Kate Gregg made four successful runs in late 1864 and early 1865 and survived the war.

 Five shares issued to G. W. Williams & Co.  George Walton Williams was a prominent businessman in Charleston, South Carolina.  Paraphrased from H. David Stone’s “Vital Rails: The Charleston and Savannah Railroad and the Civil War…”:

Williams began his professional career as a protégé and later partner of transplanted New Yorker Daniel Hand in Augusta, GA.  The Hand and Williams Company was very successful and  in 1852, Williams started a wholesale grocery company with Hand’s capital in the city of Charleston.  The George W. Williams and Company was involved in importing sugar and molasses from the West Indies.  By 1860, Williams had amassed stores, warehouses and an industrial complex on the peninsula.  He added to his fortune by participating in blockade-running ventures in the  Civil War.

 When the Union Army entered Charleston on February 18, 1865, Williams presented Union LTC Augustus B. Bennett notification from Mayor Charles McBeth that the Confederate Army had evacuated the city.  In June, Williams traveled with a delegation to Washington to ask  President Johnson to restore civil government to  Charleston.

 William’s company bought sterling exchange in 1861 at $1.03 per share in CSA money and sold it for $2.25 per share in US money in 1865.  With part of the capital from that sale, Williams started the First National Bank of Charleston on November 21, 1865.  Williams was a director of this bank, the Charleston and Savannah Railroad and president of the Charleston Merchant Exchange.

Here is a case where the individual investor is more interesting than the company itself. George Walton Williams is an example of a southern businessman who prospered before, during, and after the Civil War.  In 1876, he built the Calhoun Mansion for $200,000 at 16 Meeting Street in Charelston.  The house is 24,000 square feet with 14 foot ceilings and took five years to complete.

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