President of the Confederate States of America of additional wagons, ambulances, and carriages, also carrying some Confederate archives papers and the C.S.A. Treasury banknotes and remnants of gold/silver bullion. The last official Cabinet meetings of the Presidential Cabinet of the Confederate States took place at Charlotte, on April 24, and 26, then later on May 4; when President Davis left Washington, Georgia, the party consisted only of his aides and Postmaster General Reagan. Elements of the United States Cavalry / Union Army captured Davis and his companions at an encampment near Irwinville, Georgia on May 10, 1865. Jefferson Davis was imprisoned at Fort Monroe, by the Hampton
Economy of the Confederate States of America issuing a million dollars in notes in February 1861, and added to this amount during each subsequent session of the legislature. The other states followed suit. Cities also sought to replenish their treasuries in the same way. Corporations and other business concerns tried to meet the rising tide of prices with the issue of their individual promissory notes intended to circulate from hand to hand. As a result of this redundancy of the currency, its value collapsed. Gold was quoted at a premium in Confederate notes in April 1861. By the end of that year, a paper dollar was quoted