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In page Varina Davis:

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Although released on bail and never tried for treason, Jefferson Davis had temporarily lost his home in Mississippi, most of his wealth, and his U.S. citizenship. In the late 20th century, his citizenship was posthumously restored by then President Carter. The small Davis family traveled constantly in Europe and Canada as he sought work to rebuild his fortunes.[citation needed] Davis accepted the presidency of an insurance agency headquartered in Memphis. The family began to regain some financial comfort until the Panic of 1873, when his company was one of many that went bankrupt. In 1872 their son William Davis died of typhoid fever, adding to their emotional burdens.[citation needed]