Money was becoming very scarce. The Confederate Government borrowed all the money it could at home, but the supply received was wholly out of proportion to the expenditure. A loan was attempted in England; and there proved to be there a sufficient number of rich but unwise persons to furnish three million sterling--most of which will remain for ever unpaid to the lenders. No other measure remained but to print, as fast as machinery could do it, Government promises to pay at some future time, and to force these upon people to whom the Government owed money. These promises gradually fell in value. In 1862, when the rebellion was young and hopes were high, one dollar and twenty cents in Government money would purchase a dollar in gold. In January 1863 it required three dollars to do that. After Gettysburg it required twenty dollars. Somewhat later it required sixty paper dollars to obtain the one precious golden coin. It became every day more apparent that the resources of the South were being exhausted. Even if the genius of her generals should continue to gain victories, the South must perish from want of money and want of food. There was a touching weakness in many of her business arrangements. Government appealed to the people for gifts of jewellery and silver plate, and published in the Richmond newspapers lists of the gold rings and silver spoons and teapots which amiable enthusiasts bestowed upon them! When iron-clad ships of war were needed and iron was scarce, an association of ladies was formed to collect old pots and pans for the purpose! The daring of these people and the skill of their leaders might indeed gain them victories; but it was a wild improbability that they should come successfully out of a war in which the powerful and sagacious North was resolute to win. [Sidenote: 1864 A.D.] The Northern Government, well advised of the failing resources of the South, hoped that one campaign more would close the war. Bitter experience had corrected their early mistakes, and they had at length found a general worthy of his high place. Grant was summoned eastward to direct the last march on Richmond. The spirit of the country was resolute as ever. The soldiers had now the skill of veterans; enormous supplies were provided; everything that boundless resources, wisely administered, could do, was now done to bring the awful contest to a close.