Circa1865

Abraham Lincoln was a devotee of the Alexander Hamilton/Henry Clay “American System” of public debt, tariff protectionism, government subsidies and a national bank. To finance his war in 1861, Lincoln turned to an income tax, and then succumbed to printing money. Nowhere in the United States Constitution is the federal government authorized to make paper money legal tender. By 1865, the public debt was $2.6 billion, and the direct/indirect cost of Lincoln’s war would reach $8 billion by 1900.

www.Bernhard Thuersam, www.Circa1865.com

Public Debt, Then and Now

“Contrary to official capitalist wisdom, debt does not create economic growth. This idea is a swindle. Interest to the very rich . . . does not produce anything. It does not multiply creatively into new enterprises and jobs; it merely diverts ever-greater proportions of earning that might be fruitfully invested.

The proof is all around us. How could the vast unpayable federal debt, which absorbs much of the government’s income just for the interest bondholders, foreign and domestic, possibly be an economic stimulus? How can the immense and near universal burden of personal mortgage and credit card debt possibly indicate a healthy economy and commonwealth?

The matter is simple, obvious to anybody except a politician, a captive economist, or a media flack, and it ought to be conveyed to the people at every opportunity. Debt is killing us. Every wise man in recorded history has affirmed that debt is not a good thing. Debt can destroy a family, a government, a society.

Alexander Hamilton, an upwardly mobile immigrant bastard with a Napoleon complex, declared that “a public debt is a public blessing.” Troubled, but not surprised, Jefferson noted a connection between debt cruel taxation that undermined the independence of the citizens, warning that “we must not let our rulers load us with perpetual debt.”

Weighed down by government debt, the people would have to labor ever harder to pay the debt-holders, leaving them “no time to think, no means of calling the managers to account.” Jefferson avowed as a core principle that “the earth belongs in usufruct to the living,” but the living had no right to consume the earnings of posterity.

Antebellum statesmen like John Taylor of Caroline and John C. Calhoun and economists like William Gouge and Condy Rageut made the same case. After the War Between the States, so did William Graham Sumner, Thomas E. Watson and countless other public men and thinkers.

Republicans (and their predecessors) have always been the party of bankers and bondholders, service to the rich being for them a natural and essential function of the federal government. Opposition to the federal debt was long a plank in the Democratic platform, but Democrats today are just as guilty as the Republicans in regard to the issue.

Lip service to the virtue of “low public debt” continued until Franklin Roosevelt discovered Keynes and declared that debt is no problem “because we owe it to ourselves” – “ourselves” being a conveniently vague and collective being.

The bipartisan bailout of misbehaving bankers and brokers that we saw a few years ago, and the failure of a multitude of presidential candidates to mention the matter, is not promising.”

(It’s the Debt, Stupid, Clyde N. Wilson, Chronicles, February 2016, excerpt pg. 16)

April, 1865 witnessed the victory of Northern industrial capitalism over the conservative, agrarian South – no longer could Southern statesmen restrain the North in the halls of Congress. Post-1865 America saw the rise of corporations, the completion of Manifest Destiny and near-extermination of the Indians, and the gilded age of “evil robber barons.”

Bernhard Thuersam, www.Circa1865.com

Unproductive Republican Economic Policies

“Historians have tended to treat the Civil War as a boon to industry and the American economy. Thomas C. Cochrane cites several prominent historians . . . who variously praised the impact of the conflict on wartime production and its stimulating effect on postwar economic and industrial development.

Cochrane . . . examined statistical data on industrial production and found that, in general, there was not a strong case for a positive impact and that the war had a retarding effect on industry and the economy. Cochrane also found little support for the claims of beneficial effects of the Civil War on postwar development. He concludes with this speculation:

“From most standpoints the Civil War was a national disaster, but Americans like to see their history in terms of optimism and progress. Perhaps the war was put in a perspective suited to the culture by seeing it as good because in addition to achieving freedom for the Negro it brought about industrial progress.”

[Charles and Mary] Beard’s claim that the Civil War was a spur to industry and the rise of the American economy is based on the lasses-faire philosophy of the Republican Party and its success in implementing its major policy goals, such as subsidies to the intercontinental railroads, the establishment of a national currency and the protective tariff.

The Republican’s economic philosophy was not truly laissez-fair. In fact, their policy agenda was the opposite . . . in that it advocated special treatment for big business and a much larger role for the federal government. This can be seen in Republican policies to subsidize railroads, provide protective tariffs [for select private industries], and increase government debt and government control over money and banking as well as in their attitude toward labor.

Their policies [of tariffs and subsidies] . . . are now considered economically wasteful . . . and considered nothing more than special interests seeking a handout from the taxpayer through the government. [That Republican policies were productive] ignores the negative effects on the agriculture, service and cultural sectors. The Republicans’ policy would be better labelled as mercantilist in that it facilitated rent-seeking behavior.

Capital diverted to railroad building would surely have been put to good use elsewhere in the economy . . . [and] Moreover, had railroads not been highly subsidized, a better built, lower cost, and more timely system could have been put in place.

Tariffs were a centerpiece of Republican policy. They reversed a relatively free-trade policy . . . [and] protectionism forced consumers to pay higher prices for both imported and domestically produced goods protected by the tariff – that is, they purchased fewer of these products, used less desirable substitutes, and had a lower standard of living.

On net, the losses to consumers and the overall economy are greater than the gains to the protected producers and the tax revenue that accrues to the government.”

(Tariffs, Blockades and Inflation, the Economics of the Civil War; Mark Thornton and Robert B. Ekelund, Jr., Scholarly Resources Books, 2004, excerpts, pp. 84-87)

Few, if any, Gilded Age tycoons were expert economists – but all understood theories of supply and demand, the law of diminishing returns, and assumed that every man was motivated by the selfish love of gain. Most also believed in unfettered competition, theoretically, unless bribed government officials could be used to handicap competitors. U.S. Grant’s notorious administration of corrupt and bought politicians helped pave the way into the Gilded Age – the predictable outcome of Lincoln’s revolution.

Bernhard Thuersam, www.Circa1865.com

Corporate Tricks and Devices

“Nobody expounded the folly of tampering with the laws of economics more eloquently than Yale’s great teacher of political economy, the dynamic William Graham Sumner. In his book What Social Classes Owe to Each Other, published in 1883, he had put the reformers to rout.

“The yearning after equality,” he had written, “”is the offspring of envy and covetousness, and there is no possible plan for satisfying that yearning which do aught else than rob A to give to B; consequently all such plans nourish some of the meanest vices of human nature, waste capital, and overthrow civilization.”

This emphatically did not mean that Sumner was opposed to a better life for everybody. On the contrary, as a man of high and generous principle – he had begun his working life as a clergyman – he was heartily in favor of it. But he believed in the wider extension of opportunity, not in changing the rules under which business was conducted. He argued that:

“[Instead] of endeavoring to redistribute acquisitions which have been made between the existing classes, our aim should be to increase, multiply, and extend the chances. Such is the work of civilization. Every improvement in education, science, art or government expands the chances of man on earth. Such expansion is no guarantee of equality. On the contrary, if there be liberty, some will profit by the chances eagerly and some will neglect them altogether. Therefore, the greater the chances, the more unequal will be the fortune of these two sets of men. So it ought to be, in all justice and right reason.”

Sumner would not have argued that there were not some ways in which legislation could protect the economically helpless. But he thought that most reform legislation was conceived in ignorance and drafted in folly.

“You need not think it necessary,” he would tell his Yale classes, “to have Washington exercise a political providence over the country. God has done that a good deal better by the laws of political economy.”

The irony of the situation lay in the fact that for generations men have been tinkering with economic law to their own advantage, and in the process had produced institutions which were emphatically not God’s work – as most of Sumner’s hearers presumably supposed them to be – but man’s.

The corporation, for instance, was not an invention of God’s. It was an invention of man’s. It was a creature of the state . . . [and] one of the great inventions of the nineteenth century . . . Yet be taking adroit advantage of the legislative acts which defined its privileges, one could play extraordinary tricks with it. Corporate devices could be used to permit A to rob B – or, let us say, more charitably, to permit A to drain off all the gravy in sight and leave none for B.

It was largely as a result of the discovery of tricks that could be played with corporations, and particularly with their capital stock, that the wealth produced in such a tremendous spate at the turn of the century flowed in large proportion into a few well-placed hands.”

(The Big Change, America Transforms Itself, 1900-1950, Frederick Lewis Allen, Harper & Brothers, 1952, pp. 67-69)

Like other conquered Southern States, South Carolinians at the close of the war found themselves within a Union not of their choosing, yet they we not “of” this Union. Their governor was a prisoner of war, they were under martial law, and would be soon under the rule of their former servants.  The Robert Small (or Smalls) mentioned below is credited with the theft of the steamer Planter during the war, and delivering it to the Northern fleet which was aiding and abetting the enemy, and treason against South Carolina.

Bernhard Thuersam, www.Circa1865.com

South Carolina’s Legislature of Crooked Aliens

“In the [postwar South Carolina] Senate Chamber sat Major Corbin . . . a captain of Vermont troops badly wounded in the war and for a time in Libby prison, he had remained in military service until the end of the war and was then ordered to Charleston in charge of the Freedmen’s Bureau.

In the same body with Major [David T.] Corbin sat Robert Small, who while still a slave had won national fame as a pilot by running the Planter out of Charleston harbor to the Federal fleet. Some of the local black folk said that he did this in fear and trembling at the mouth of a loaded pistol leveled by a braver and more determined slave, one who never shared in the fame of the Planter exploit and was big enough not to care to.

Another of those South Carolina Senators was Beverly Nash. Black as charcoal . . . he was the perfect type of the antebellum ideal of a “white gentlemen’s colored gentleman.”

Besides those three . . . Senators, there was Leslie, once a member of the New York legislature, shrewd, crooked and cynical. And there was  [B.F.] Whittemore [of Massachusetts], who had got national notoriety while in Congress by selling a West Point cadetship for money instead of the customary price which was influence.

For the rest, the Senate floor was occupied by whites and blacks . . . But there was nobody of the old romantic type of South Carolina aristocrat. At the president’s desk sat a Negro, Lieutenant-Governor A.J. Ransier, who presided with dignity . . . A year or two before he died and [he was] working as a street cleaner in Columbia . . .

In the [House] chamber at the other end of the capitol building . . . were a great body of members, mostly Negroes. The body as a whole was in a legislative atmosphere so saturated with corruption that the honest and honorable members of either race had no more influence in it than an orchid might have in a mustard patch.”

(A “Carpetbagger” in South Carolina, Louis F. Post; Journal of Negro History, Carter G. Woodson, editor, Volume 10, January 1925, excerpts, pp. 15-17)

As asserted below, Americans in general seem unaware of the enormity of the Southern experience 1861-1865 and the aftermath of devastating defeat and subjugation. The author’s analogy brings needed perspective to an unnecessary war and death of a million Americans, counting military and civilian casualties.

Bernhard Thuersam, www.Circa1865.com

Suppressing the Consent of the Governed

“Imagine America invaded by a foreign power, one that has quadruple the population and industrial base. Imagine that this enemy has free access to the world’s goods as well as an inexhaustible supply of cannon fodder from the proletariat of other countries, while America itself is tightly blockaded from the outside world.

New York and Cincinnati have been taken. For months, Boston and Chicago have been under constant siege, the civilian population driven from their homes. Enemy forces roam over large parts of the country burning the homes, tools and food of the noncombatants in a campaign of deliberate terrorism.

Nearly eighty-five percent of the nation’s able-bodied men (up to 50 years of age) have been called to arms. Battlefield casualties have run to 39 percent and deaths amount to half of that, far exceeding those from any other war.

On the other hand, the enemy, though its acts and domestic propaganda indicate otherwise, is telling the American population that it only wants peace and the restoration of the status quo antebellum. Lay down your arms and all will be as before. What would be our state of morale in such conditions? Americans have never suffered such misfortune, have they?

Alas, they have. This was the experience of the Southern people from 1861-1865 in their lost War for Independence.

How hard the Southerners struggled for independence from the American Empire has been, and continues to be, suppressed by a nationalist culture that can only wonder: How could any group possibly have dissented from the greatest government on earth? But a very large number of Americans did no consent that government (the regime, after all, was supposed to be founded on the consent of the governed).

They were willing to put their dissent on the line in a greater sacrifice than any large group of Americans has ever been called on to make. Until finally, as a disappointed Union officer quoted by [author Gary] Gallagher remarked: “The rebellion [was] worn out rather than suppressed.”

(An Honorable Defeat, Clyde Wilson, Chronicles, October 1998, pg. 28)

Author M.E. Bradford wrote that in America, “race (at last as far as the Negro is concerned) has proved to be an almost indestructible identity,” and has led to us stepping away from cherished liberties. He goes on that despite its ill-effect upon our original principles, it was predictable “that liberty, as our tradition understands the term, should begin to reassert its original hegemony, that the oldest of liberties honored among us – rights grounded in the fundament of English inheritance” shall return to favor, “though in new disguises.”

Bernhard Thuersam, www.Circa1865.com

Millennialism’s Fresh Set of Insoluble Dilemmas

“Jefferson’s fire bell sounded in the legislative darkness, tolling the “knell” of the Union he had so much helped to shape. After Missouri, States achieved full membership in the federal compact only after meeting federally determined prescriptions concerning the status of blacks within their boundaries – conditions not imposed upon the original thirteen and without real precedent in the Northwest Ordinance.

Predictably, Jefferson’s Union did die – in 1861. And in the latter stages of its ruin, the connection between blacks and American millennialism intensified. With Equality (capital E) the new Republic played some verbal and opportunistic games. I leave aside for the moment the merits and demerits of this “second founding.”

For, once completed . . . the Trojan horse of our homegrown Jacobinism was rolled away to some back stall within the stable of received American doctrines. Emancipation appeared to have changed nothing substantial in the basic confederal framework. Neither did it attempt any multiracial miracles.

Most certainly, New England has had its high expectations of a City on a Hill; likewise, even the South owed, from its earliest days, some inertia to a hope of Eden over the sea. Moreover, in company with the frontier States, both regions drew comfort from the idea of a “manifest destiny.” Yet the total nation has, characteristically, despised and rejected who or whatever aspired to dragoon its way to such beatitudes through the instruments of Federal policy.

The only full exception to this rule, I insist, is the “civil rights revolution” of the past thirty years. In connection with the difficult question of the Negro’s place within our social compact, an imperative was discovered, stronger than any ever pressed upon us before: there discovered because the Negro’s lot within that compact was so difficult (and so slow) to improve.

With it we have made fair to force the issue, even if liberty (and its correlatives: law, localism and personalism) loses much of its authority as a term of honor: is diminished especially insofar as it applies to that nondescript but substantial many who captain, man and propel the ship of state.

Of course, as Lenin wrote, the only way to make men equal is to treat them unequally. And Lenin’s advice does not function inside our curious native dialect. The only equality Americans can universally approve is accidental, a corollary of liberty or simple equality before a law with limited scope.

In 1820 . . . we took an initial step away from liberty; in 1861-1877, a few more. And from these examples, from our uneasiness at the – to the millennialist sensibility — greatest of built-in American “scandals,” in the post-World War II era we arrived at converting at least one feature of millennialism into a positive goal. To use the late William Faulkner’s idiom we set out to “abolish” the Negro we knew, both as a presences and a problem. The results begin to speak for themselves, the fresh set of insoluble dilemmas which, with each dawning day, cry out for more potent magic than the cures for yesterday’s injustice which spawned them into existence in the first place.”

(Remembering Who We Are; Observations of a Southern Conservative, M.E. Bradford, UGA Press, 1985, excerpts pp. 47-48; 50-51)

Clearly defined in the United States Constitution is this: “Treason against the United States, shall consist only of Levying war against them, or in adhering to their Enemies, giving them Aid and Comfort . . .” Note the word “them” – not the United States collectively, and that John Brown was convicted of treason against Virginia.  Though Lincoln’s predecessor did not agree with secession, he saw no constitutional authority to coerce a State, and knew that to wage war against a State was treason. Lincoln had no such inhibitions. The following is excerpted from a letter from Jefferson Davis to Mississippi newspaper publisher and war veteran J.L. Power, dated June 19, 1884.

Bernhard Thuersam, www.Circa1865.com

A Palpable Violation of the Constitution

“Dear Sir,

[From] the statement in regard to Fort Sumter, a child might suppose that a foreign army had attacked the United States – certainly could not learn that the State of South Carolina was merely seeking possession of a fort on her own soil, and claiming that her grant of the site had become void.

The tyrant’s plea of necessity to excuse despotic usurpation is offered for the unconstitutional act of emancipation, and the poor resort to prejudice is invoked in the use of the epithet “rebellion” – a word inapplicable to States generally, and most especially so to the sovereign members of a voluntary union. But, alas for their ancient prestige, [the States] have even lost the plural reference they had in the Constitution . . . Such language would be appropriate to an imperial Government, which in absorbing territories required the subject inhabitants to swear allegiance to it.

Ignorance and artifice have combined so to misrepresent the matter of official oaths in the United States that it may be well to give the question more than a passing notice. When the “sovereign, independent States of America,” formed a constitutional compact of union it was provided in the sixth article thereof that the officers “of the United States and of the several States shall be bound by oath or affirmation to support this Constitution . . .”

That was the oath. The obligation was to support the Constitution. It created no new obligation, for the citizen already owed allegiance to his respective State, and through her to the Union of which she was a member.

The conclusion is unavoidable that those who did not support, but did not violate the Constitution, were they who broke their official oaths.

The General Government had only the powers delegated to it by the States. The power to coerce a State was not given, but emphatically refused.

Therefore, to invade a State, to overthrow its government by force of arms, was a palpable violation of the Constitution, which officers had sworn to support, and thus to levy war against States which the Federal officers claimed to be, notwithstanding their ordinances of secession, still in the Union, was the treason defined in the third section of the third article of the Constitution, the only treason recognized by the fundamental law of the United States.

By all that is revered in the memory of our Revolutionary sires, and sacred in the principles they established, let not the children of the United States be taught that our Federal Government is sovereign; that our sires, after having, by a long and bloody war, won community independence, used the power, not for the end sought, but to transfer their allegiance, and by oath or otherwise bind their posterity to be the subjects of another government, from which they could only free themselves by force of arms.”

Respectfully, Jefferson Davis”

(Jefferson Davis, the Essential Writings, William J. Cooper, Jr., editor, Modern Library, 2003, excerpts, pp. 431-432)

Jefferson Davis served as both a United States Representative and Senator from Mississippi, Secretary of War, 1853-1857 under President Franklin Pierce, and President of the Confederate States, 1861-1865. He was a staunch Southern Unionist who strived to find peaceful solutions to the sectional controversies that would lead to secession of the Southern States.  The “Know-Nothingism” mentioned below was a Northern nativist political party of the late 1840s and 1850s which opposed the immigration of Irish and German Catholics — Nathaniel P. Banks of Massachusetts and New Yorker Millard Fillmore were leaders of the party.  The following is excerpted from Jefferson Davis’ address of October 2, 1857 at Mississippi City.

Bernhard Thuersam, www.Circa1865.com

Grecian Horses into the Southern Troy

“Colonel Davis rose . . . and referred to various events in the early history of Mississippi . . . that she had never violated the compact of our Union, and unresistingly borne disproportionate burthens for the support of the general government in peace . . . [and] at the first call for soldiers to maintain the honor of the national flag, had, like a Spartan mother, girded the sword upon her sons, who knew well they could never return to the maternal embrace unless they came covered with honorable fame or wrapped in the shroud of death.

[Regarding incessant Northern aggressions borne by the South, were] we to have more compromises to gather further disappointment, and sink still lower from the equality which our Fathers maintained, and transmitted to us? Fraternity and mutual alliance for the interests of each was the motive and purpose for which the Union was formed.

Preparation in the South to maintain her rights in any contingency which the future might and was likely to bring forth, would best serve to strengthen her Northern allies, if they remained true; and would best enable her to dispense with their services, if they should desert.

It was not upon mere party relation that his hopes were founded; it was upon the elevating, purifying power of the doctrine of State rights and strict construction [of the United States Constitution] – the Shibboleth which none but Democrats can pronounce.

In the earlier, and might well be said, in the purer days of the Republic, Mr. Jefferson pronounced the Northern Democracy the neutral allies of the South, and if that alliance was broken there was surely no other on which to rely.

From the foundation of the Government, the party opposed to the Democracy, under its various names and issues had always evinced its tendency to centralization by the latitudinous construction of the powers delegated to the Federal Government.

As examples, he cited the charter of the United States Bank, the enactment of a tariff for protection, a system of internal improvements, a genera distribution of public lands and of public treasure, and last, lowest in tone, and, as its name implied, in intelligence, Know-Nothingism, with its purpose to concede to the Federal Government the power to prescribe the terms on which naturalized citizens should be invested with the right of suffrage in the States.

He said that he considered every departure from strict construction of grants to the Federal Government, as the introduction of another Grecian horse into our Southern Troy, and he invoked every Mississippian to united and vigilant resistance to every such measure.

The South, as a minority section, can alone be secure in her rights by resolutely maintaining the equality and independence of the States, and thus alone could we hope to make our Union perpetual and effective for the great purposes for which it was ordained and established.

He then urged the necessity of home education, of normal schools, and Southern school-books, as the next step after the mother’s pious training in the formation of that character which was essential to progress toward that high destiny to which his anticipation pointed.

If, as was sometimes asserted, Governments contain within themselves the elements of their own destruction, as animate beings have their growth, their maturity to decay; if ours, the last, best hope of civil liberty was, like the many experiments which preceded it, to be engulfed in the sea of time . . . [he hoped] Mississippi would stand conspicuous for all that was virtuous and noble; that through the waves of fanaticism, anarchy and civil strife, her sons would be the Levites who would bear the ark of the Constitution, and when unable to save it from wreck, that in the pile of its sacred timbers their bones would be found mingled.”

(Speech at Mississippi City; The Papers of Jefferson Davis, Volume 6, 1856-1860, L. Crist/M. Dix, editors, LSU Press, 1989, excerpts, pp. 138-139; 153-155)

Like other Old Right conservatives (rightly said to be the spiritual descendants of antebellum Southern conservatives), Robert A. Taft looked askance at the newly-discovered “civils rights” and saw the Constitution as controlling any and all civil liberties. The likely 1948 and 1952 presidential candidate of the GOP, he was thrust aside by the developing liberal wing of that party in favor of Thomas Dewey and Dwight Eisenhower.  The same liberal wing of the GOP helped defeat conservative Barry Goldwater’s presidential run in 1964.

Bernhard Thuersam, www.Circa1865.com

Conservative Robert A. Taft

“In 1945 he voted against a compulsory federal Fair Employment Practices Committee, declaring that “Race prejudice is a deplorable thing . . . but I don’t believe it is possible to legislate human prejudice out of existence. This seems to me an interference by Federal Government in millions of employer-employee relationships – the regulation of business and individual life. I particularly object to giving some Federal board power to pass on the motives of the employer, a fact almost impossible to determine in most cases . . .”

Taft . . . in an address to the colored students of North Carolina College . . . told his audience that the “control of education under our Constitution is in the jurisdiction of the States and not of the Federal Government. As long as States provide equal educational facilities for white and colored children in the primary schools, I do not think the Federal Government has the constitutional power to require a State to change its established system of education.”

This qualification was not calculated to please the audience. Taft’s position was that if qualitative equality of segregated schools existed in fact, then the federal government possessed no constitutional authority to intervene; presumably he would not have assented to Chief Justice Earl Warren’s later decision that “separate educational facilities are inherently unequal.”

Negroes interested in politics generally were friendly toward Senator Taft. One colored citizen of Ohio remarked, “Our Senator Taft’s record is wonderful . . . Senator Taft is not pro-Negro. He is not pro-white. He is not pro-labor, nor pro-management. The man has some strange passion for justice. He is not trying to win our votes so much as he is trying to do what is right.”

Asked to explain his general position on civil rights, Taft replied that civil liberties could be understood only in the context of the Constitution; therefore an unqualified endorsement of Negro claims, in the abstract, was impossible for him.

“Broadly speaking,” he continued, “the question is whether I feel that the Federal Government should intervene to protect individuals in their constitutional rights against the actions of other individuals and State and local governments.” He believed that the federal authorities should intervene when such action was clearly sanctioned by the Constitution.

(The Political Principles of Robert A. Taft, Russell Kirk, James McClellan, Fleet Press, 1967, pp. 74-76)

Lee was not alone in seeing the masked reasons for the war prosecuted by the North and the opportunity seen in reducing the American South to a politically-weak economic colony. The bounty-enriched foreign mercenaries and displaced slaves used to fight its war of conquest were expendable tools for the task, and later employed to eradicate Indians.

Bernhard Thuersam, www.Circa1865.com

The Dollar Invades and Conquers

“Certainly he must have sensed that in the future “those people,” as he called his Northern adversaries, were determined to push aside “his people” with their aristocratic prerogatives and privileges. Despite his determination to stay out of politics both during and after the war, Lee could see the handwriting on the wall as plain as anyone, and plainer than most.

He understood that in addition to the sharp odor of gunpowder, there was the sweet smell of profits in the balmy spring air. Lincoln’s Secretary of the Treasury, visiting New York earlier that spring, had noted that many people there paid more attention to the stock market than to the casualty reports. To this a New York editor added: “Real or professed patriotism may be made to cover a multitude of sins. Gallantry in battle may be regarded as a substitute for all the duties of the Decalogue.”

In the Northern States, the rapid transformation from a conglomeration of farmers to a nation of industrialists had been hastened by the war. The exclusion of Southern planters from the halls of government made the change considerably easier. Astronomical profits on wartime speculation and gouging encouraged rapid expansion. While the brave boys in [blue] shed blood on the battlefields, the crafty made profits back home.

If the drama of collapse and surrender centered in the South, the drama of growth and expansion focused on the West. Hundreds of millions of dollars would go there; the receding frontier would be whittled down by systematic attacks of the Yankee investor. The Federal government would help by showering the railroads and settlers with land and services. Mines, cattle and farming would boom. Where bayonet had never been, the dollar would invade and conquer.”

(Lee After the War, Marshall W. Fishwick, Dodd, Mead & Company, 1963, pp. 39-40)