"It has come to the point where the North must exterminate us or agree to separation… The war may still go on for a long time. However, we count on the financial exhaustion of the North. I admit to you that we don't understand how the government's credit has been maintained up to now."
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Conversation between Confederate Secretary of State Judah P. Benjamin and French minister to the United States Baron Henri Mercier, April 1862, from the report subsequently made by Mercier to the Quai d’Orsay. Quoted in Case & Spencer, The United States and France: Civil War Diplomacy (University of Pennsylvania Press, 1970), ISBN 0-8122-1076-X, page 280
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Confederate States of America
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