Edward W. Bok：The Americanization of Edward Bok, Additional Excerpt 330

"I regret my inability to give an opinion. The theory of the Confederate Government, like that of the United States, was to separate the sword from the purse. Therefore, the Confederate States Treasury was under the control not of the Chief Executive, but of the Congress and the Secretary of the Treasury. This may explain my want of special information in regard to the Confederate States Bonds. Generally, I may state that the Confederate Government cannot have preserved a fund for the redemption of its Bonds other than the cotton subscribed by our citizens for that purpose. At the termination of the War, the United States Government, claiming to be the successor of the Confederate Government, seized all its property which could be found, both at home and abroad. I have not heard of any purpose to apply these assets to the payment of the liabilities of the Confederacy, and, therefore, have been at a loss to account for the demand which has lately been made for the Confederate Bonds.

Source： https://www.gutenberg.org/ebooks/3538
Locator：Additional excerpt 330 · Verified：2026-10-19 · Verification：Short excerpt

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