The Supplies for the Confederate Army,
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In our eReader you can find the full English version of the book. Read The Supplies for the Confederate Army, Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Supplies for the Confederate Army,
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Wellsman, senior member of Trenholm Brothers, in New York, joined the Liverpool house, the senior member and manager of which wasCharles K. Prioleau, formerly of Charleston. There was no loan tonegotiate; for the Confederacy--recognized only as belligerents--had nocredit among nations, and no system of taxation by which it could hopeto derive any revenue available for purchasing supplies abroad. But itpossessed a latent purchasing power such as probably no other Governmentin history ever had.
T...he cotton crop of its people was a prime necessity for themanufacturing world outside, and, for want of machinery, was utterlyvalueless in all the Southern States except Georgia, where there were afew small factories. Almost immediately after the outbreak ofhostilities the Confederate authorities began to buy cotton, paying insuch "money" as it had; that is to say, its own promises to pay wheneverit could. Some of these promises bore interest and were called _bonds_;some bore no interest, and these constituted the currency of thecountry.
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You can find similar books in the "Read Also" column, or choose other free books by Huse Caleb to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Wellsman, senior member of Trenholm Brothers, in New York, joined the Liverpool house, the senior member and manager of which wasCharles K. Prioleau, formerly of Charleston. There was no loan tonegotiate; for the Confederacy--recognized only as belligerents--had nocredit among nations, and no system of taxation by which it could hopeto derive any revenue available for purchasing supplies abroad. But itpossessed a latent purchasing power such as probably no other Governmentin history ever had.
T...he cotton crop of its people was a prime necessity for themanufacturing world outside, and, for want of machinery, was utterlyvalueless in all the Southern States except Georgia, where there were afew small factories. Almost immediately after the outbreak ofhostilities the Confederate authorities began to buy cotton, paying insuch "money" as it had; that is to say, its own promises to pay wheneverit could. Some of these promises bore interest and were called _bonds_;some bore no interest, and these constituted the currency of thecountry.
What to read after The Supplies for the Confederate Army,?
You can find similar books in the "Read Also" column, or choose other free books by Huse Caleb to read onlineMoreLess
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