Note 3 — CIVIL WAR SKETCHES. CONFEDERATE FINANCE IN ALABAMA

In his message of Oct. 25, 1861, Gov. Shorter made a report showing that the finances of the State for 1861 were in a good condition, and advised against levying a tax to pay the State’s quota of the Confederate tax. He stated that the banks had done good service to the State; that, though in time of peace they were a necessary evil, now they were a public necessity; that all the money used by the State in carrying on the war had come from the banks.—Official Records, Ser. IV, Vol. I, pp. 697–700.