The magazine of history with notes and queries, Vol. I, No. 4, April 1905Various
History
The magazine of history with notes and queries, Vol. I, No. 4, April 1905
Various
History -- Periodicals; United States -- History -- Periodicals
Certainly the King’s gift of a round sum in cash, a pension of £200
yearly, and, if Deane be right, a rank in the English navy, placed that
consummation well within his reach, while his ensuing desertion of the
stirring life that his soul had loved and retirement into country
solitude pointed strongly toward a master motive satisfied. Samson was
shorn and drawn into paths of inglorious peace. “God knows what he
does!” said a wondering witness. “He dwells with his wife in a little
country house, a quarter of a mile out the town.”
KATHERINE PRENCE.
_Evening Post, N. Y._
CIVIL WAR SKETCHES.
CONFEDERATE FINANCE IN ALABAMA
BANKS AND BANKING
In a circular letter dated December 4, 1860, addressed to the banks,
Governor Moore announced that should the State secede from the Union, as
seemed probable, $1,000,000 in specie or its equivalent, would be needed
by the administration. The State bonds could not be sold in the North,
nor in Europe except at a ruinous discount, and a tax on the people at
this time would be inexpedient. Therefore he recommended that the banks
hold their specie. Otherwise there would be a run on them and should an
extra session of the Legislature be called to authorize the banks to
suspend specie payments, such action would produce a run and thus defeat
the object. He requested the banks to suspend specie payments, trusting
to the convention to legalize this action.[1] The Governor then issued
an address to the people stating his reasons for such a step. It was
done, he said, at the request and by the advice of many citizens whose
opinions were entitled to respect and consideration. Such a course, they
thought, would relieve the banks from a run during the cotton season,
enable them to aid the State, do away with the expense of a special
session of the Legislature, prevent the sale of State bonds at a great
sacrifice, and prevent extra taxation of the people in time of financial
crisis.[2]
Public-domain text, read in full here on John Shaqi.
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