11 Things You Might Not Know About Samuel Upham
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Summary
Upham advertised his bills throughout the North, promoting them in newspapers that included the New York Tribune and Harper’s Weekly as “mementos of the Rebellion.” His ads also offered to pay “three times the value in gold” for other denominations of real Confederate bills and coins for him to duplicate. Upham’s counterfeit notes were so ubiquitous that in August, Confederate president Jefferson Davis discussed them with the Confederate Congress, and the Confederate Treasury Secretary issued a report on Upham’s handiwork to the House of Representatives. (The investigation was eventually referred to Stanton, who dismissed it.) And while it would have been illegal for Upham to counterfeit another nation’s banknotes, the Union never recognized the Confederate States of America, so Upham’s money couldn’t legally be considered counterfeit. One historian has estimated that Upham was responsible for between one percent and 2.5 percent of all Confederate currency in circulation while he was actively copying bills.
As said here by Sandy Hingston