Unlike the South, the North was never reduced to extremities which led the wives of Cabinet officers and commanding generals to gather in Washington hotels and private drawing-rooms, in order to knit heavy socks for soldiers whose feet otherwise would go bare: scenes like these were common in Richmond, and Mrs. Chesnut often made one of the company. Nor were gently nurtured women of the North forced to wear coarse and ill-fitting shoes, such as negro cobblers made, the alternative being to dispense with shoes altogether. Gold might rise in the North to 2.80, but there came a time in the South when a thousand dollars in paper money were needed to buy a kitchen utensil, which before the war could have been bought for less than one dollar in gold. Long before the conflict ended it was a common remark in the South that, “in going to market, you take your money in your basket, and bring your purchases home in your pocket.” In the North the counterpart to these facts were such items as butter at 50 cents a pound and flour at $12 a barrel. People in the North actually thrived on high prices. Villages and small towns, as well as large cities, had their “bloated bondholders” in plenty, while farmers everywhere were able to clear their lands of mortgages and put money in the bank besides. Planters in the South, meanwhile, were borrowing money to support the negroes in idleness at home, while they themselves were fighting at the front. Old Colonel Chesnut, the author’s father-in-law, in April, 1862, estimated that he had already lost half a million in bank stock and railroad bonds. When the war closed, he had borrowed such large sums himself and had such large sums due to him from others, that he saw no likelihood of the obligations on either side ever being discharged.