For some time now, I have been researching Col John Wilder and found out some interesting things about the Spencers.
It seems that the story about the men having to buy their Spencers has some faults as it is being told. When the Spencers were ordered by the government the company was in the process trying to make 10,000 of them. But somehow the first
1600 of them were delivered to the Army of the Cumberland and to Wilder. After the war, many of the Spencers that had been the early ones were sold to the men for $3.50 each. These were the Spencers that had seen a lot of rough service. A lot of the Spencers that were used by the Cavalry had broken or worn-out stocks due to having been resting on the saddle.