ALABAMA INSURANCE CO. of MONTGOMERY $3 RED ( ATLANTA GA APRIL 1, 1862 ) with DOG. WITHMANY FOLDS, DIRTand a HOLE above the E in MULTIPLE & ANOTHER MUCH SMALLER ONE on the LEFT REDPORTION, BUT NO TEARSor PIECES OUT ( BOTTOM BORDER is CHOPPY ). WITH AIC BLUE STAMP in the CENTER & a DOG by the SIGNATURE. The LEFT VIGNETTE SHOWS (FADED) a STEAMBOAT and asthis was the FIRST ISSUE (APRIL) of 4 DATED HIGHER DENOMINATIONS (APRIL, JUNE, AUGUST, SEPTEMBER) it CARRIES the BEST REDEMPTION QUANTITIES. SLAVE (with a 66% PAYOUT as WORKER PROTECTION)INSURANCE was RECENTLY ADDED to their OFFERINGS.