Showing posts with label Speculators. Show all posts
Showing posts with label Speculators. Show all posts

Saturday, March 24, 2018

Diary of John Beauchamp Jones: September 4, 1863

There is a rumor that Gen. Lee (who is still here) is to take the most of his army out of Virginia, to recapture the Southern territory lost by Loring, Pemberton, and Bragg. I doubt this; for it might involve the loss of Richmond, and indeed of the whole State of Virginia. It would be a sad blow to the extortionate farmers, it is true; but we cannot afford to lose the whole country, and sacrifice the cause, to punish the speculators. It may be, however, that this is a ruse, and if so, Lee is preparing for another northern campaign.

The project of the Hon. Mr. Boteler to place Rains's subterra shells under the Orange and Alexandria Railroad used by the enemy, was referred by the Secretary to Col. J. Gorgas, the Northern Chief of Ordnance, who says he can furnish the shells, but advises against the use of them, as they will “only irritate the enemy, and not intimidate them.” For this presumptuous advice, which was entirely gratuitous, I do not learn that the Secretary has rebuked him.

Letters from Western North Carolina show that the defection is spreading. In Wilkes County, Gideon Smoot is the commander of the insurgents, and has raised the United States flag. I have not learned, yet, whether Lieut.-Col. Lay, of the Bureau of Conscription, reached that far; and I was amazed when the good nature of Col. Preston yielded to his solicitations to go thither. What possible good could he, a Virginian, and formerly an aid of Gen. Scott, effect in that quarter?

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 2p. 32-3

Tuesday, February 13, 2018

Major-General Benjamin F. Butler to Edwin M. Stanton, November 7, 1864

Headquarters, City Of New York, Nov. 7, 1864.

Hon. E. M. Stanton, Secretary Of War:

Sir: — I beg leave to report that the troops detailed for duty here have all arrived and dispositions made which will insure quiet.

I enclose a copy of my order and I trust it will meet your approbation. I have done all I could to prevent the secessionists from voting and think have had some effect.

I think I may be able to punish some of the rascals for their crimes after election.

All will be quiet here. The State authorities are sending from the arsenal in New York arms and ammunition to Mr. John A. Green, brigadier-general at Buffalo, and I am powerless to prevent it.

This is what I mean by wanting “territorial jurisdiction.” I am in command of troops solely. It is none of my business to prevent arms and ammunition being sent to Buffalo.

This is one of the dozen cases wherein I cannot act without colliding with General Dix and the State authorities both.

I have not landed any of my men save those I have sent to Buffalo, which are two (2) regiments of regulars and one hundred (100) men at Watervliet for Albany. Now these regiments report to General Peck, but Peck does not report to me. He has some regulars besides those arriving and to arrive.

That is another instance of what is meant by wanting “territorial jurisdiction.”

I have three (3) batteries on ferry-boats all harnessed up ready to land at a moment's notice at any slip on North or East River; gunboats covering Wall Street and the worst streets in the city, and a brigade of infantry ready to land on the battery, and the other troops placed where they can be landed at once in spite of barricades or opposition. A revenue cutter is guarding the cable over the North River and a gunboat covers High Bridge on Harlem River which is the Croton aqueduct.

I have given you these details so that you may understand the nature of my preparations, and perhaps the details may be interesting and of use at some other time.

I propose, unless ordered to the contrary by you, to land all my troops on the morning of election in the city. I apprehend that, if at all, there will be trouble then. I have information of several organizations that are being got ready under General Porter, Duryea, and Hubert Ward, disaffected officers, and others who are intending, if the elections are close, to try the question of inaugurating McClellan, and will attempt it, if at all, by trying how much of an entente can be raised in New York City for that purpose. They propose to raise the price of gold so as to affect the necessaries of life and raise discontent and disturbance during the winter, declare then that they are cheated in the election by military interference and fraudulent ballots, and then inaugurate McClellan.

Now, that there is more or less truth in this information I have no doubt. One thing is certain, that the gold business is in the hands of a half dozen firms who are all foreigners or secessionists, and whose names and descriptions I will give you.

You are probably aware that the government has sold ten (10) or twelve millions (12,000,000) of gold within the past twenty days. The Secretary of the Treasury will tell you how much, it is none of my business to know; but one firm, IT. J. Lyons & Co., have bought and actually received in coin, by confession to me, more than ten millions (10,000,000) within the past fortnight, and his firm is now carrying some three millions (3,000,000) of gold. I felt bound to look up the case of Gentlemen H. J. Lyons & Co. I sent for Lyons, although I suppose I had no right to do so, wanting territorial jurisdiction, set him down before me, and examined him. His story is, as I made him correct it by appealing to my own investigations, as follows: His firm consists of himself, his brother, and the president of the Jeffersonville Railroad, Indiana. He is from Louisville; left there when Governor Morehead was arrested; went to Nashville; left there just before the city was taken by the Union troops; went to New Orleans; left there just before the city was taken; went to Liverpool; left there; went to Montreal and went into business; stayed in Montreal until last December; came here with his brother younger than himself, and set up the broker's business. He claims to have had a capital in greenbacks of eighty thousand (80,000) dollars, thirty thousand (30,000) put in by himself, ten thousand (10,000) by his brother, and forty thousand (40,000) by the other partner. This in greenbacks equal now at two forty-five (2-45) to about thirty thousand (30,000) dollars in gold. On this capital he was enabled to buy and pay for, not as balances, but actually in currency, almost twelve millions (12,000,000) of dollars in gold within the last fortnight, and now is carrying about three millions (3,000,000). This shows that there is something behind him.

He confessed that he left Louisville afraid of being arrested for his political offences. During the cross-examination, he confessed he was agent for the People's Bank of Kentucky, a secession concern which is doubtless an agent for Jeff Davis. Having no territorial jurisdiction, all I could do was to set before him the enormity of his crime, the danger he stood, having forfeited his life by rebellion to the government, and to say to him that I should be sorry if gold went up any to-day, because, as he was so large an operator, I should have cause to believe that he was operating for some political purpose, but that this was a free country and I had no right to control him. Does the Secretary of War suppose that, if I had an actual and not an emasculated command in the city of New York, such a rascal would have left my office without my knowing where to find him? He said, indeed, when he went out, that he thought he should not buy gold any more, and sell to-day all he has. It has got noised around a little that we are looking after the gold speculators, and gold has not risen any to-day up to five (5) o'clock, the time at which I am now writing, although Mr. Belmont's bet is that it would be at three hundred (300) before election, and the treasury is not selling.

Now, what I desire is to spend about a week in which I will straighten the following firms, which are all the men that are actually buying gold:

H. J. Lyons & Co., before spoken of; Vickers & Co., of Liverpool, an English house; H. G. Fant, of Washington; H. T. Suit, Washington house; Hallgarten & Heryfield, a Baltimore house of German Jews; and also to see if some of the rebels that are here cannot be punished. Substantially, none of them registered under General Dix's order.

I have stated all the reasons why I desire to be here. It is respectfully submitted to the Secretary of War, if I am desired to do anything at all, to telegraph me what I shall do, and it shall be done, or please let me return in the front. I have the honor to be, very respectfully,

Your obedient servant,
BENJ. F. BUTLER,  
Major- General.

SOURCE: Benjamin F. Butler, Autobiography and Personal Reminiscences of Major-General Benj. F. Butler, Appendix (the pages of which are separately numbered from the text of the book), p. 56-8

Thursday, October 12, 2017

Diary of John Beauchamp Jones: August 6, 1863

A dispatch from Gen. Lee shows that he is still falling back (this side the Rapidan), but gradually concentrating his forces. There may be another battle speedily — and if our army does not gain a great victory, there will be great disappointment.

There are some gun-boats in the James as high up as Aiken's Landing. Two torpedoes, badly ignited, failed to injure either of them.

Capt. Kay, of Mobile, in conjunction with several other parties, has a scheme for the destruction of the enemy in the Mississippi Valley. What it is, I know not — but I know large sums of money are asked for. After all, it appears that twenty-two transports of Grant's troops have descended the Mississippi River — Mobile, no doubt, being their destination.

It is now believed that only a portion of Grant's army has been ordered here; also that Rosecrans's army will operate with Meade; the object being, to besiege Richmond. Well, we shall, in that event, have Johnston and Bragg — altogether 200,000 men around the city, which ought to suffice for its safety. A grand battle may take place this fall, in which half a million of men may be engaged. That ought to be followed by a decisive result. Let it come!

The speculators have put up the price of flour to $50 per barrel. To the honor of Messrs. Warwick, they are selling it at their mills for $35 — not permitting any family to have more than one barrel. This looks, however, like an approaching siege.

My good friend Dr. Powell, almost every week, brings my family cucumbers, or corn, or butter, or something edible from his farm. He is one in ten thousand! His son has been in sixteen battles — and yet the government refuses him a lieutenancy, because he is not quite twenty-one years of age. He is manly, well educated, brave, and every way qualified.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 2, p. 6-7

Sunday, June 4, 2017

Diary of John Beauchamp Jones: April 30, 1863

The enemy are advancing across the Rappahannock, and the heavy skirmishing which precedes a battle has begun. We are sending up troops and supplies with all possible expedition. Decisive events are looked for in a few days. But if all of Longstreet's corps be sent up, we leave the southern approach to the city but weakly defended. Hooker must have overwhelming numbers, else he would not venture to advance in the face of Lee's army! Can he believe the silly tale about our troops being sent from Virginia to the Carolinas? If so, he will repent his error.

We hear of fighting in Northwestern Virginia and in Louisiana, but know not the result. The enemy have in possession all of Louisiana west of the Mississippi River. This is bad for us, — sugar and salt will be scarcer still. At Grand Gulf our batteries have repulsed their gun-boats, but the battle is to be renewed.

The railroad presidents have met in this city, and ascertained that to keep the tracks in order for military purposes, 49,500 tons of rails must be manufactured per annum, and that the Tredegar Works here, and the works at Atlanta, cannot produce more than 20,000 tons per annum, even if engaged exclusively in that work They say that neither individual nor incorporated companies will suffice. The government must manufacture iron or the roads must fail!

A cheering letter was received from Gov. Vance to-day, stating that, upon examination, the State (North Carolina) contains a much larger supply of meat and grain than was supposed. The State Government will, in a week or so, turn over to the Confederate Government 250,000 pounds of bacon, and a quantity of corn; and as speculators are driven out of the market, the Confederate States agents will be able to purchase large supplies from the people, who really have a considerable surplus of provisions. He attributes this auspicious state of things to the cessation of arbitrary impressments.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 302-3

Saturday, April 1, 2017

Diary of John Beauchamp Jones: March 27, 1863

This is the day appointed by the President for fasting and prayers. Fasting in the midst of famine! May God save this people! The day will be observed throughout the Confederacy.

The news from the West, destruction of more of the enemy's gun-boats, seems authentic. So far we have sustained no disasters this spring, the usual season of success of the enemy by water.

Mr. G. W. Randolph was the counsel of the speculators whose flour was impressed, and yet this man, when Secretary of War, ordered similar impressments repeatedly. “Oh, man! dressed in a little brief authority,” etc.

Mr. Foote has brought forward a bill to prevent trading with the enemy. Col. Lay even gets his pipes from the enemy's country. Let Mr. Foote smoke that!

A gentleman said, to-day, if the Yankees only knew it, they might derive all the benefits they seek by the impracticable scheme of subjugation, without the expenditure of human life, by simply redoubling the blockade of our ports, withdrawing their armies to the borders, and facilitating trade between the sections. We would not attack them in their own country, and in a month millions of their products would be pouring into the South, and cotton, tobacco, etc. would go to the North in vast quantities. I wonder the smart Yankee never thinks of this! Let both sides give passports freely, and an unlimited intercourse would be immediately established.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 280

Friday, October 21, 2016

Diary of John Beauchamp Jones: Monday, December 1, 1862

There is a rumor to-day that we are upon the eve of a great battle on the Rappahannock. I doubt it not.

I am sorry to see that Col. McRae, a gallant officer, has resigned his commission, charging the President with partiality in appointing junior officers, and even his subordinates, brigadiers over his head. Nevertheless, he tenders his services to the Governor of his State, and will be made a general. But where will this end? I fear in an issue between the State and Confederate authorities.

The news from Europe is not encouraging. France is willing to interfere, and Russia is ready to participate in friendly mediation to stay the effusion of blood — but England seems afraid of giving offense to the United States. They refer to the then approaching elections in the North, and lay some stress on the anticipated change in public opinion. Popular opinion! What is it worth in the eyes of European powers? If it be of any value, and if the voice of the people should be allowed to determine such contests, why not leave it to a vote of the Southern people to decide under which government they will live? But why make such an appeal to monarchies, while the Republican or Democratic government of the North refuses to permit 8,000,000 of people to have the government they unanimously prefer? Can it be possible that the United States are ignorant of popular sentiment here? I fear so; I fear a few traitors in our midst contrive to deceive even the Government at Washington. Else why a prolongation of the war? They ought to know that, under almost any conceivable adverse circumstances, we can maintain the war twenty years. And if our lines should be everywhere broken, and our country overrun — it would require a half million soldiers to hold us down, and this would cost the United States $500,000,000 per annum.

God speed the day of peace! Our patriotism is mainly in the army and among the ladies of the South. The avarice and cupidity of the men at home, could only be excelled by ravenous wolves; and most of our sufferings are fully deserved. Where a people will not have mercy on one another, how can they expect mercy? They depreciate the Confederate notes by charging from $20 to $40 per bbl. for flour; $3.50 per bushel for meal; $2 per lb. for butter; $20 per cord for wood, etc. When we shall have peace, let the extortionists be remembered! let an indelible stigma be branded upon them.

A portion of the people look like vagabonds. We see men and women and children in the streets in dingy and dilapidated clothes; and some seem gaunt and pale with hunger — the speculators, and thieving quartermasters and commissaries only, looking sleek and comfortable. If this state of things continue a year or so longer, they will have their reward. There will be governmental bankruptcy, and all their gains will turn to dust and ashes, dust and ashes!

And I learn they are without shirts in the North — cotton being unattainable. A universal madness rules the hour! Why not throw aside the instruments of death, and exchange commodities with each other? Subjugation is an impossibility. Then why not strive for the possible and the good in the paths of peace? The Quakers are the wisest people, after all. I shall turn Quaker after this war, in one sense, and strive to convince the world that war is the worst remedy for evils ever invented — and Man the most dangerous animal ever created.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 199-201

Wednesday, October 19, 2016

Diary of John Beauchamp Jones: November 29, 1862

The Quartermaster-General publishes a notice that he will receive and distribute contributions of clothing, etc. to the army, and even pay for the shirts $1 each! Shirts are selling at $12. The people will not trust him to convey the clothing to their sons and brothers, and so the army must suffer on. But he is getting in bad odor. A gentleman in Alabama writes that his agents are speculating in food: the President tells the Secretary to demand explanations, and the Secretary does so. Col. Myers fails, I think, to make the exhibit required, and it may be the worse for him.

I see by the papers that another of Gen. Winder's police has escaped to Washington City, and is now acting as a Federal detective. And yet many similar traitors are retained in service here!

The Governor of North Carolina writes the President that his State intends to organize an army of 10,000 men for its own defense, besides her sixty regiments in the Confederate States service; and asks if the Confederate States Government can furnish any arms, etc. The President sends this to the Secretary of War, for his advice. He wants to know Mr. Seddon's views on the subject — a delicate and embarrassing predicament for the new Secretary, truly! He must know that the President frowns on all military organizations not under his own control, and that he counteracted all Gen. Floyd's efforts to raise a division under State authority. Beware, Mr. Seddon! The President is a little particular concerning his prerogatives; and by the advice you now give, you stand or fall. What is North Carolina to the Empire? You tread on dangerous ground. Forget your old State Rights doctrine, or off goes your head.

To-day we have a dispatch from Gov. Pettus, saying authority to pass cotton through the lines of the army, and for salt to have ingress, must be given immediately. The President directs the Secretary to transmit orders to the generals to that effect. He says the cotton is to go to France without touching any port in the possession of the enemy.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 198-9

Tuesday, October 11, 2016

Diary of John Beauchamp Jones: November 26, 1862

No fighting on the Rappahannock yet, that I hear of; and it is said the enemy are moving farther down the river. Can they mean to cross? Nothing more is heard of Gen. Corcoran, with his Irish bogtrotters, on the Peninsula.

The government has realized 50,000 pounds of leather from two counties in Eastern North Carolina, in danger of falling into the hands of the enemy. This convinces me that there is abundance of leather in the South, if it were properly distributed. It is held, like everything else, by speculators, for extortioners' profits. The government might remedy the evils, and remove the distresses of the people; but instead of doing so, the bureaus aggravate them by capricious seizures, and tyrannical restrictions on transportation. Letters are coming in from every quarter complaining of the despotic acts of government agents.

Mr. J. Foulkes writes another letter to the department on his cotton scheme. He says it must be embraced now or never, as the enemy will soon make such dispositions as would prevent his getting supplies through their lines. The Commissary-General approves, and the late Secretary approved; but what will the new one do? The President is non-committal.

What a blunder France and England made in hesitating to espouse our cause! They might have had any commercial advantages.

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 196-7