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Item# 16573
Price: $750
Columbia, S.C., 5¢ blue #18XU1, clear strike of provisional marking; 28 NOV [1861] town postmark and PAID handstamp on entire to S. W. Davis, Esq, President, N.C. Powder Co., Charlotte, N.C., slightly reduced at right, Very Fine, SCV $900. $750.
S.W. Davis was an attorney who established the North Carolina Power Manufacturing Company. Patriotic and profit-driven Charlotte entrepreneurs happily embraced the opportunity to take advantage of well-paying government contracts and the Confederacy’s lucrative offer to subsidize powder and arms manufacturing for the war effort.