if you speak with maria dailey, , sherote a wonderful diary was convinced the north was never going to beat the south, and there were plenty of people who thought that. other people thought great, we won a few. very soon it was apparent this would drag out a very long time. there were ways in which if you had money in new york, the war was a very distant rumble of thunder off somewhere hundreds of miles away. gettysburg was the nearest battlefield, 200 miles away. something that if it did not come into your home, you did not think about it all that much. there was a lot of were profiteering going on in new york to -- in new york. the room where gold was traded in new york -- richard: and currently they had better intelligence than the staffs of the union and confederacy. john: the price of gold would go up in one direction and then go down. there were tremendous amounts of speculation. lincoln said he wished he could assassinate or execute all the speculators. it had a big effect on the greenback. richard: when you have two sources of money, there will be arbitrage. -- john: also there