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Edward Porter Alexander, Military memoirs of a Confederate: a critical narrative, Chapter 23: the fall of 1864 (search)
y said that the fall of 1864 was the period of the war when the Confederate authorities might have made peace with greatest advantage to their people. Had they then offered a return to the Union, they might have secured liberal compensation for their slaves and generally more liberal terms financially and politically than at any other period of the contest. What these concessions might have been was suggested in the conference held at Fortress Monroe on Jan. 30, between Messrs. Lincoln and Seward, and the commissioners sent by Mr. Davis, Messrs. Stephens, Hunter, and Campbell. After this conference adjourned, without coming to any agreement, there were rumors that Mr. Lincoln had offered to pay the South $400,000,000 in bonds as compensation for the slaves, if the South would return to the Union. This was denied by some of Mr. Davis's cabinet, and the discussion brought out informal statements which Mr. Lincoln had made in the conversation which had taken place. One was: — T