Wrong. These so-called "instructions" you keep referring to didn't stop Davis from sending them with bank papers to carry out payment if necessary.
There wasn't enough cash in the south to nearly pay for all the federal property in the south. And when you consider that the U.S. took on the debts of Texas, and spent $100,000,000 to remove and subdue the hostile indian tribes just in Florida, and that several of the so-called states were bought with federal money, the idea that the so-called CSA was going to make just restitution is absurd.
Southerners were in debt to northern creditors to something like the tune of $200,000,000. And their wealth was in land and slaves. They didn't have much liquid capital.
No. What the "commissioners" were trying to do was prove, by their offer to negotiate, that they were honorable "gentlemen." But they were no more honorable than a purse snatcher. And no less willing to use force.
Walt
Considering that the south was the only economically competitive and internationally productive region of the country, that is highly unlikely.
And when you consider that the U.S. took on the debts of Texas, and spent $100,000,000 to remove and subdue the hostile indian tribes just in Florida, and that several of the so-called states were bought with federal money, the idea that the so-called CSA was going to make just restitution is absurd.
And exactly why should the CSA make restitution for the Louisiana purchase? Southern states paid for that purchase too. And Indian wars? They had those all over the country, not just the south.
Southerners were in debt to northern creditors to something like the tune of $200,000,000.
Source please.
And their wealth was in land and slaves.
Actually a large portion of it came from agricultural output. Land etc. were simply the business investments to achieve that output.