Showing posts with label Inflation. Show all posts
Showing posts with label Inflation. Show all posts

Tuesday, May 5, 2015

Diary of Margaret Junkin Preston: June 30, 1863

Bought E. a ninepence calico dress today, for which I gave $30! Unbleached, very coarse cottons are now $2.25 per yard.

SOURCE: Elizabeth Preston Allan, The Life and Letters of Margaret Junkin Preston, p. 167

Friday, April 17, 2015

Diary of Margaret Junkin Preston: April 21, 1863

Made a few purchases today; two common gingham aprons for G. for which I gave $12! Two thin, very common cotton stockings, $4 per pair! Ten cent handkerchiefs at $2.50 apiece. This little note book is a record of prices more than any thing else; yet when I look back a year or six months, to pages where I have made notices of prices, how very reasonable they seem now!

SOURCE: Elizabeth Preston Allan, The Life and Letters of Margaret Junkin Preston, p. 162

Monday, March 9, 2015

Diary of John Beauchamp Jones: June 24, 1861

To-day I was startled by the announcement from Col. Bledsoe that he would resign soon, and that it was his purpose to ask the President to appoint me chief of the bureau in his place. I said I preferred a less conspicuous position — and less labor — but thanked him. He said he had no influence with the Secretary — an incontrovertible fact; and that he thought he should return to the University. While we were speaking, the President's messenger came in with a note to the colonel; I did not learn the purport of it, but it put the colonel in a good humor. He showed me the two first words: “Dear Bledsoe.” He said nothing more about resigning.

I must get more lucrative employment, or find something for my son to do. The boarding of my family, alone, comes to more than my salary; and the cost of everything is increasing.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 55

Wednesday, February 11, 2015

Diary of John Beauchamp Jones: June 2, 1861

My wife had a little gold among her straightened finances; and having occasion to purchase some article of dress, she obtained seven and a half per cent, premium. The goods began to go up in price, as paper money fell in value. At Montgomery I bought a pair of fine French boots for $10 in gold — but packed my old ones in the top of my trunk. I was under the necessity, likewise, of buying a linen coat, which cost only $3.50. What will be the price of such commodities a year hence if the blockade continues? It is fearful to contemplate! And yet it ought to be considered. Boarding is rising rapidly, and so are the bloodthirsty insects at the Carleton House.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 47

Thursday, March 14, 2013

Senator John Sherman to Major General William T. Sherman, November 14, 1863

MANSFIELD, OHIO, Nov. 14, 1863.

My Dear Brother:
. . . . . . . . . .

On Tuesday next I start for Gettysburg, to take part in the pageant of a dedication of the battle-field as a national cemetery. From thence I shall probably go to Washington, two weeks in advance of the session. The very first thing I mean to do is to press the enforcement of the draft. The long delay and the various shifts and subterfuges by which the execution of the law has thus far been defeated, is disgraceful, and very injurious to the cause. . . . I notice in some of the Southern papers that a hope is entertained that the draft cannot be enforced. This is idle. The war was never more popular than at this moment. The new call will fall lightly. Ohio must send thirty-five thousand, or one to fifteen of her voters. The apportionment has been made even to townships and wards, and in very many places the quota will be made by voluntary enlistments, aided by large gratuitous bounties from citizens. There is no lack of men or of a determination to send them. The wonderful prosperity of all classes, especially of laborers, has a tendency to secure acquiescence in all measures demanded to carry on the war. We are only another example of a people growing rich in a great war. And this is not shown simply by inflated prices, but by increased production, new manufacturing establishments, new railroads, houses, etc. . . . Indeed, every branch of business is active and hopeful. This is not a mere temporary inflation caused by paper money, but is a steady progress, and almost entirely upon actual capital. The people are prospering and show their readiness to push on the war. Taxes are paid cheerfully, and the voluntary donations for our soldiers and their families are counted by thousands. ... I confide in your success.

Affectionately,
JOHN SHERMAN.

SOURCE: Rachel Sherman Thorndike, Editor, The Sherman letters: correspondence between General and Senator Sherman from 1837 to 1891, p. 215-6