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Comte de Paris, History of the Civil War in America. Vol. 2. (ed. Henry Coppee , LL.D.), Book II:—the naval war. (search)
and Alabama to the coast, which the blockade-runners came to receive in the little town of Appalachicola, situated on Appalachee Bay. In order to put an end to this traffic, two launches were detached from the Federal cruiser Mercedita on the 23d of March, which blockaded the entrance of the bay, and ordered to proceed to the town. The Confederate authorities, together with a small garrison, had fled at their approach; but the sailors did not consider themselves sufficiently strong to venture him. The two tenders, the Jackson and the New London, accompanied by a transport with the Ninth Connecticut regiment on board, were sent to chastise the perpetrators of this infamous outrage. These vessels, which a short time before, on the 23d of March, had already exchanged a few cannon-shots with two small Confederate steamers, appeared before Biloxi on the evening of April 2; the troops were landed, the town occupied, and the authorities were glad to get off at the cost of some humble apo
Comte de Paris, History of the Civil War in America. Vol. 2. (ed. Henry Coppee , LL.D.), Book VII:—politics. (search)
their value, belongs to the year 1864. Before Congress would have been able to devise new taxes, it became necessary to resort once more to loans and the issue of treasury notes. On the 20th of February, 1863, the government was authorized to negotiate one hundred millions in government bonds at eight per cent. and a similar amount at seven per cent. The placing of this new issue of two hundred millions of bonds being too slow to meet the requirements of the treasury, Congress on the 23d of March voted another issue of treasury notes, the legal amount of which we do not remember, although, in fact, it must have been unlimited; for eight months later, January 1, 1864, it was as high as $391,829,702.50, and three months later still it was $511,182,566.50, of nominal value, this amount actually comprising only the notes put in circulation in virtue of the law of March 23, 1863. So that, from the date of this law, the premium on gold was four hundred per cent., and in the month of Se