“It was a shocking predicament for a member of the elite, planter class. But he had no choice. He needed money and stability, and the quest for it preoccupied him. For the next two years, he wandered and pursued opportunities that led nowhere. In November 1869, he was offered the presidency of the Carolina Life Insurance Company at the impressive annual salary of $12,000—nearly half the pay of the president of the United States. He took the job. But Davis’s days as a “business man” were numbered.... An epidemic killed too many customers, and the economic downturn put the company out of business. Davis pursued other moneymaking opportunities, and he considered various schemes that others proposed to him, but he never achieved the financial success that he craved. Failure embarrassed him.In 1870, the whole South mourned the death of its great general, Robert E. Lee. Davis spoke at the memorial service with sadness and great eloquence, and it was there that he found the true purpose of his remaining days—remembering and honoring the dead.MoreLessRead More Read Less
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