We have met with some disaster in North Carolina. Am
apprehensive the army has been a little delinquent.
General Butler has telegraphed to Fox, who is an old boyhood
associate and acquaintance, to come down to Hampton Roads. Wants help. Asks F.
to induce the President to go down, but he declines, — wisely, I think. Troops
are getting in at Fortress Monroe, and the indications in this vicinity warn us
that the strength is being gathered for a conflict.
Sumner called on me to-day. Had just come from Chase; spoke
of the finances and currency. I told him I was a hard-money man and could not
unlearn old ideas, and had no time to study new theories. He laughed and said
that things in these days must conflict with my old opinions. It is evident
that our statesmen do not realize the importance nor condition of the money and
currency question.
SOURCE: Gideon Welles, Diary of Gideon Welles,
Secretary of the Navy Under Lincoln and Johnson, Vol. 2: April 1, 1864 —
December 31, 1866, p. 16-7
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