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Benjamnin F. Butler, Butler's Book: Autobiography and Personal Reminiscences of Major-General Benjamin Butler, Chapter 12: administration of finances, politics, and justice.--recall. (search)
sures that the loss should fall upon the people; they issued a series of notices, in various forms, by which people were notified that they must draw all balances of accounts they had in the banks, before the 27th of May, the date on which the Confederate notes would be no longer of any exchangeable value in the market. I thought it was my duty to interfere with such performances and make the banks bear the loss. Thereupon I issued the following General Order No. 30:-- New Orleans, May 19, 1862. It is represented to the commanding general that great distress, privation, suffering, hunger, and even starvation has been brought upon the people of New Orleans and vicinage by the course taken by the banks and dealers in currency. He has been urged to take measures to provide, as far as may be, for the relief of the citizens, so that the loss may fall, in part, at least, on those who have caused and ought to bear it. The general sees with regret that the banks and bankers ca