. Jay Cooke, financier of the Civil War . serious work in the government departments and inprivate business houses was interfered with because ofthe carousals of the clerks, and nothing could be done,Henry D. Cooke wrote on April 7th, till the poor fel-lows get through celebrating Union victories, How our poor friend Richard Cobden would havejoyed to see this day, wrote Frank H, Evans from Lon-don in response to Mr. Cookes telegrams announcingLees surrender. Alas he did but pass away the dayof the evacuation of Petersburg. Throughout this excitement Jay Cookes chief taskwas to watch an
. Jay Cooke, financier of the Civil War . serious work in the government departments and inprivate business houses was interfered with because ofthe carousals of the clerks, and nothing could be done,Henry D. Cooke wrote on April 7th, till the poor fel-lows get through celebrating Union victories, How our poor friend Richard Cobden would havejoyed to see this day, wrote Frank H, Evans from Lon-don in response to Mr. Cookes telegrams announcingLees surrender. Alas he did but pass away the dayof the evacuation of Petersburg. Throughout this excitement Jay Cookes chief taskwas to watch and manipulate the New York stock mar-ket. It no sooner showed signs of settlement than somefresh piece of news came in to disturb it. The panic inMarch when the collapse of the Rebellion was anticipatedbroke out afresh when the actual news of Grants suc-cesses reached Wall Street. On March 29th ^ McCul- 1H. D. letter of that date. n > O O o ^ O fT> 1 1 ■g ^ a a- noo t^ H > a no >o> 2! o HO2:. FINANCIER OF THE CIVIL WAR 529 loch sent three millions to Stewart for use in the marketand on April 2nd three millions more/ but he was fear-ful of overloading himself with the cheap and unpopular10-40S. Fahnestock wrote Jay Cooke on April 3rd:■I shall urge him [the Secretary] to a resolute fightingof the bears and have telegraphed you to write him to-day a strong letter to keep his coiu-age up. Much was done in this line by Jay Cooke and hisagents without touching public funds or involving theDepartment in responsibiUties. ^Ve are all anxious to save the government frombuying, Crawford wrote to Jay Cooke on April ist,and shall do all we can to prevent it. We sell bondsright out at cost where they go out of the market. Theefforts of Mr. Cooke, who was so well aided by Craw-ford, Fisk and Hatch and Vermilye, were again whollysuccessful On April 8th Henry Cooke wrote his brotherJay: The fact that governments went up yesterday, while gold de-clined, the Secretary r^;ard
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