Sherman wrote: "I found so many Jews & speculators here trading in cotton, and secessionists had become so open in refusing anything but gold, that I have felt myself bound to stop it. 
>  The gold can have but one use – 
>  the purchase of arms and ammunition… 
Of course, I have respected all permits by yourself or the Secretary of Treasury, but in these new cases (swarms of Jews), I have stopped it."