|1.||Since April, the value of greenbacks in gold had declined nearly 12 1/2 percent. Wesley Clair Mitchell, A History of the Greenbacks with Special Reference to the Economic Consequences of their Issue: 1862-65 ([ Chicago ], 1903), 196. --|
|2.||"An Act Amendatory of Existing Laws relative to the Half Dollar, Quarter dollar, Dime, and Half Dime." Statutes at Large, 10:160.|
|3.||The Treasury Department's letterbook containing the letter to Stevens also has copies of the proposed legislation: "A bill to authorize payments in stamps, and to prohibit circulation of Notes of less denomination than one dollar," which Congress passed with slightly different wording on July 17, and "A Bill to amend existing laws relative to the half dollar, quarter dollar, dime, half dime and three cents piece--and for other purposes," which was not approved in the third session of the 37th Congress. Statutes at Large, 12:592.|
Autograph letter. Chase Papers, Historical Society of Pennsylvania (micro 21:0800).
Washington July 20, 1862
My dear Parsons
Day before yesterday your friend, Mr. Bond, called bringing pleasant news of you and yours & those winged jewels converted into wingless uses by being cased in gold.1 Brazilian gold coffining denizens of Brazilian air now made ornaments of Northern dames. Tell Mrs Parsons I am exceedingly obliged by her gift and hope she will not be displeased by my transfer of it to Nettie, who has now almost grown to be a young lady & while delighted with her sisters presents, evidently thought she ought not to be passed by. Now a gift to Nettie is a gift to me & Mrs Parsons has thus been made a double giver and has the thanks of us both.
You will have been mortified & grieved by the news of the disasters which have overtaken us. Since the rebellion broke out I have never been so sad.
The defeat of McClellan before Richmond was shameful, and attributable only to gross neglect & incompetency for which he should at once have been dismissed the service in disgrace.