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[[underline]] April [[underline]] [[underline]] 1865 [[underline]]
rejoicing.  Gens Ewell, Kershaw, Button, Corse, Custis Lee and several other officers were taken and several thousand prisoners.
Sec. Sewards injuries were not as serious as at first supposed.  He is much better to day.
10th  We were awakened at 5 o'clock this morning by the usual sounds of victory the firing of guns and the ringing of bells and before we were dressed Father came to our door to tell us Lee and his army had surrendered.  The news came at 9 o'clock last night.  The correspondence bet. Grant & Lee concerning the negociated surrender was noble and generous on both sides  Gen Lee, [[strikethrough]] with [[strikethrough]] his officers and men were all paroled.

Mr. Morgen took tea with us last night and also this evening.  The conversation was entirely financial  One remark of Father seemed especially to catch the attention of Mr. M. that property must in the next generation pass into an entirely [[end page]]

[[start page]] [[underline]] April [[underline]] [[underline]] 1865 [[underline]]
new set of hands property holders now being obliged to pay the expenses of the war by taxation and also by depreciated currency.
Father illustrated the currency question by supposing several Islands each containing originally the same amount of gold as a circulating medium.  Now if upon one of these Islands a certain additional quantity of gold were to descend.  The country would [[underline]] apparently [[underline]] be very prosperous.  every one would be rich.  [[underline]] But [[underline]] the people no longer feeling the need for labor would cease their industrial persuits prices would go up the neighboring Islands would send in their manufactured articles and the products of the ground. Gold would thus go out of the Island and the people enfeebled by indolence and their country injured by want of cultivation would be worse off than before this additional descent of gold which at first promised to be such a