The Sequel of Appomattox: A Chronicle of the Reunion of the States — John Shaqi
The Sequel of Appomattox: A Chronicle of the Reunion of the StatesFleming, Walter L. (Walter Lynwood)
History
The Sequel of Appomattox: A Chronicle of the Reunion of the States
Fleming, Walter L. (Walter Lynwood)
Reconstruction (U.S. history, 1865-1877); United States -- History -- 1865-1898
The railways were in a state of physical dilapidation little removed
from destruction, save for those that had been captured and kept in
partial repair by the Federal troops. The rolling stock had been lost by
capture, by destruction to prevent capture, in wrecks, which were
frequent, or had been worn out. The railroad companies possessed large
sums in Confederate currency and in securities which were now valueless.
About two-thirds of all the lines were hopelessly bankrupt. Fortunately,
the United States War Department took over the control of the railway
lines and in some cases effected a temporary reorganization which could
not have been accomplished by the bankrupt companies. During the summer
and fall of 1865 "loyal" boards of directors were appointed for most of
the roads, and the army withdrew its control. But repairs and
reconstruction were accomplished with difficulty because of the
demoralization of labor and the lack of funds or credit. Freight was
scarce and, had it not been for government shipments, some of the
railroads would have been abandoned. Not many people were able to
travel. It is recorded that on one trip from Montgomery to Mobile and
return, a distance of 360 miles, the railroad which is now the
Louisville and Nashville collected only thirteen dollars in fares.
Had there been unrestricted commercial freedom in the South in 1865-66,
the distress of the people would have been somewhat lessened, for here
and there were to be found public and private stores of cotton, tobacco,
rice, and other farm products, all of which were bringing high prices in
the market. But for several months the operation of wartime laws and
regulations hindered the distribution of even these scanty stores.
Property upon which the Confederate Government had a claim was of course
subject to confiscation, and private property offered for sale, even
that of Unionists, was subject to a 25 per cent tax on sales, a shipping
tax, and a revenue tax. The revenue tax on cotton, ranging from two to
three cents a pound during the three years after the war, brought in
over $68,000,000. This tax, with other Federal revenues, yielded much
more than the entire expenses of reconstruction from 1865 to 1868 and of
all relief measures for the South, both public and private. After May,
1865, the 25 per cent tax was imposed only upon the produce of slave
labor. None of the war taxes, except that on cotton, was levied upon the
crops of 1866, but while these taxes lasted they seriously impeded the
resumption of trade.
Public-domain text, read in full here on John Shaqi.
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