ate money on hand when you receive this, get clear of it on the best terms you possibly can, and in future do not take any more confederate money, only at what you can sell it for gold, and turn it into gold as soon as you receive it. The best investment of confederate money is good sterling exchange, the next is gold or silver, and the next is cotton, for, sooner or later, I am confident confederate money will not be worth the paper it is made on, although I may be mistaken. Yours truly, S. B. Jaques.
A Richmond Agent's testimony. Nassau, June 8, 1868. William E. Simons, Richmond, Va.:
Dear friend: . . . I have not been able to find sale of the bonds, though there have been sales heretofore, but now no one seems ready to buy. I could sell at forty-five cents, but am not willing to sell at that figure, I have concluded to deposit them in a house here, to be disposed of at a fair price, and proceed myself to New-York, as we talked of before my departure from Richmond.
Until my r