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Benson J. Lossing, Pictorial Field Book of the Civil War. Volume 3., Chapter 3: political affairs.--Riots in New York.--Morgan's raid North of the Ohio. (search)
eering circular letter to the diplomatic agents of the Republic abroad, in which he recited the most important events of the war to that time; declared that the country showed no sign of exhaustion of money, material, or men; that our loan was purchased at par by our citizens at the average of $1,200,000 daily, and that gold was selling in our market at 23 to 28 per cent. premium, while in the insurrectionary region it commanded twelve hundred per cent. premium. According to a report of Memminger, the Confederate Secretary of the Treasury, the Confederate debt, on the 24th of August, 1863, was over $600,000,000, equally divided between Treasury notes, and bonds into which currency had been funded. But while the loyal people were rejoicing because of the great deliverance at Gettysburg, and the Government was preparing for a final and decisive struggle with its foes, leading politicians of the Peace Faction, evidently in affiliation with the disloyal secret organization known as
Benson J. Lossing, Pictorial Field Book of the Civil War. Volume 3., Chapter 8: Civil affairs in 1863.--military operations between the Mountains and the Mississippi River. (search)
quisitions had been satisfied, all current demands promptly met, and full provision made for the pay of the army and navy. The Confederates, at the beginning of 1864, were sadly straitened, financially. The fiscal agent of the Conspirators (Memminger) reported their public debt, in round numbers, at $1,000,000,000, of which $800,000,000 were treasury notes, with a prospective increase, at the end of 1864, to about $2,510,000,000. The currency in circulation amounted to $600,000,000, and was the business of the country. To do this, it was proposed to substitute for the outstanding notes, interest-bearing bonds, which the holders of the currency would be obliged to take in exchange, to render their property of any possible value. Memminger, at the same time, told the victims of his financial mismanagement, that the Government found itself unable to comply with the letter of its engagement, and with this assurance he offered his bonds to the people. These bonds, as well as all
Benson J. Lossing, Pictorial Field Book of the Civil War. Volume 3., Index. (search)
crats in honor of President Lincoln, 3.568. Medals, presented by Jeff. Davis to the Davis Guards, 3.222; presented to the defenders of Fort Sumter, 1.333; to the defenders of Fort Pickens, 1.370; to the heroes of Roanoke Island, 2.175. Memminger, C. G., a special commissioner from South Carolina to Virginia, 1.93. Memphis, naval battle opposite, 2.298; occupation of by General Wallace, 2.299; sudden dash of Forrest into, 3.248; expedition of Grierson from against the Mobile and Ohio raiscape of the garrison of, 2.624; siege of, 2.615-2.627; surrender of, 2.628; terms of the surrender of, 2.628; visit of the author to in 1866, III 689. Vienna, skirmish at 1.526. Virginia, leaders of secession in, 1.42; special mission of Memminger to from south Carolina, 1.93; hesitation of the legislature of, 1.94; action of in relation to secession, 1.193; progress of the secession movement in, 1.375; reply of President Lincoln to commissioners from, 1.376; how the ordinance of secessi