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The Confederate Debt and Private Southern Debts,
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owners might become
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by pardon and thus have all rights of property restored. This was the effect of proclamations of the President.
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The restoration of the proceeds [then] became the absolute right of persons pardoned. See Ho. Repts., No. 784, 51st Cong., 1st Sess., and No. 1377; 52d Cong., 1st Sess. The Attorney-General stated that
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Congress took notice of the fact that captures of private property on land had been made and would continue to be made by the armies as a necessary and proper means of diminishing the wealth and thus reducing the powers of the insurgent rulers, and that after a seizure had been made there could be no question of whether the usages of war were observed or violated, except through the courts; the President and the Secretary of the Treasury had no discretion in the matter. Ho. Ex. Doc., No. 114, 39th Cong., 1st Sess. According to the opinion of the United States law officers,
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No one who submitted to the Confederate States, obeyed their laws, and contributed to support their government ought to recover under the statute