Though the markets of
the world were open to the North and business was as active as ever in
the history of the country, the Federal Government was thus reduced,
like the Confederacy, to the use of paper money, and, surprising as it
may appear, the securities of the latter sold in Europe at a higher
price than those of the former. Gold and silver disappeared entirely in
both sections.
But the eyes of the public were fixed on military movements, not
finance, and as the winter of 1861-62 wore on an army of a hundred
thousand men gathered around Washington for the second invasion of
Virginia. George B. McClellan, the "young Napoleon," drilled and
organized the raw recruits while public opinion began to urge another
march upon Richmond. Other armies nearly a hundred thousand strong
spread over Kentucky and threatened Tennessee at Cumberland Gap, Bowling
Green, and Forts Henry and Donelson. In February Ulysses S. Grant saw
the strategic importance of the forts on the Cumberland and Tennessee
Rivers, and before the first of March he had captured both, and the
whole of West Tennessee lay open to him. Nashville fell as he moved up
the Tennessee, and Commodore Foote opened the Mississippi River almost
to Vicksburg during the early spring. Meanwhile Albert Sidney Johnston
had retreated to northern Mississippi. Finding Grant in a weak position
on the southern bank of the Tennessee near Shiloh Church, he hastily
gathered his discouraged troops about him for a sudden attack upon the
invaders. Grant had nearly 45,000 men and he knew that General Buell was
only a few miles away with 37,000 more. Johnston had 40,000. The purpose
of the Confederate general was known to his men, and all were inspired
with the determination of striking a blow before the two armies of the
enemy could unite. Johnston's assistants in command were Beauregard and
Bragg, both able and experienced officers. On the morning of April 6,
the Confederates fell upon Grant's outposts and drove them headlong
against the main body. Desperate valor was shown in the ensuing attack,
and before the afternoon it seemed that nothing could save the Union
army and its commander from complete disaster. The river was in high
flood, two impassable creeks flanked the Federals, while the victorious
Confederates held the fourth side of the field. At two o'clock Johnston
fell mortally wounded; Beauregard succeeded to command, and about four
o'clock the attack slackened; at six it ceased altogether, though the
Union forces were demoralized and expecting to be captured. Grant was
saved. With the support of Buell at hand he attacked Beauregard on the
morrow and regained some of his lost prestige. The "promenade" up the
Tennessee had been halted; but the loss of Johnston was equal to the
loss of an army. This fighting of South and West was of the most
desperate character, for Grant lost more than 10,000 in killed and
wounded, while Johnston and Beauregard lost 9700.
Public-domain text, read in full here on John Shaqi.
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