Review of the Opinion of Charles Oconor, Esq., On What He Styles the "treasury Agent System of Cotton Seizure At the South" : Addressed to Hugh Mcculloch, Secretary of the Treasury
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In addition to such im- portations, said Collie & Co. made others for their own account, which they sold and received payment in the Confederate Treasury notes. They equipped and ran steamers on their own account, bringing in stores for the Confederate States and also for the State of North Carolina, and general merchandise, which tney sold, as before stated, and invested the money in cotton. One William Collie, one of said firm, came to "Wilmington during the war, and resided there until the w...ar closed. The firm of Alexander Collie & Co. had a mercantile establishment in the Confederate States during the war, through which they managed the steamers, sold their merchan- dise, and purchased and shipped cotton. A large amount of cotton was shipped through the blockade by said Collie & Co. during the war, but, owing to the fact that their receipts of Confederate currency, when in- vested in cotton, produced an amount far beyond the capacity of all their vessels to carry out up to the close of the war, there was a large accu- mulation on hand when the war ended.
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