. . . was received in Memphis, Confederate money, which was always passed, despite Grant’s ukase to the contrary, rapidly brought from fifty to sixty cents in specie, and over seventy in Tennessee currency – more than it brings anywhere in the Mississippi valley. It has since been in great demand, and so tenacious are holders of it that it is gradually becoming quite scarce.
– Published in The Daily Rebel, Chattanooga, Tennessee, Saturday, August 9, 1862, p. 2
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