, 1861-07-16
Correspondence Of the Chicago Tribune.1

peal Of the Fugitive Slave Law, or the removal
Of Major Emory. The large vote BY which
the resolution Was carried-92 to 55-was nn-
expected by many, and the affrmatives inclu-
dcd very many OF the most conservative Re-
publicaus. Indeed, al of that party except
Kellogg Of Illinois, Horton Of Ohio, and half
dozen skin-deep Republicans from Pennsy1-
vania and New York, voted for tho resolution.
An incident worthy OF being noted occurred
On the floor Of the House, whilst the yeas and
nays we're being called on this question. The
venerable Joshua R. Giddings, now U. s. Con-
sui at Montreal, was sitting with his success
or, John Hutchfus, from the Ashtabula Dis
t11ct, congratulating him, perhaps, on the
happy prospects Of the antt-slavery cause In
the hands Of the seeessionists OF the South.
While thus converting, Mr. Burnett, of Ken
tueky, the loud d-u1outhed secessionist, walked
across TO the Republican side, and away down
to Mr. GiddiDgs's seat, and offered him his
hand. Mr. Giddings grnsped it very heartily,
and the two gentlemen held laughing colo
guy for some minutes. Thus do extremes
meet on the commou ground Of personal good
feeling.
The eulcgies in the House and Senate In
commemoEaion Of Mr.. Douglas, have already
reached you. Some OF them, especially Trun-
| bulls ia the Senate and ArnoId's In the House,
| were deeply impressive AL showed the ex-
| traoreinery mark which the Illinois Senator
| bad made, as well upon the personal recollec-
tions and attachments Of leading Congress-
men, as upon our national politics.
| Ihe passage IN TIE House, to-day, Of the
'zipg the blockade and prohibiting CONNER
cial intercourse between the citizens Of the
loyal and disloyal States, by On almost unani-
mous vote, gives cheering sign that this Com
gress is likely to proFe equal to the emer.
ttty millions, being intended to fully cover
one year's military expenditure. Secretary
Chase proposes to raise eighty millions addi-
tlonal, for the civil list, by dnties On imports
and BY excise duties or direet tax-thus pro.
yidin1g BY regular aecrning revenues tor al the
the interest on the public debt. While the
war lists, he seeks to raisc by extraordinary
loan whatever 1t may cost, But the iour hun
dred millions asked for In the Presidents
| message will not be called for at once, since it
is clearly not to the interest Of the Govern
ment to pay for the use Of money SO long in
advance Of its disbursement.
It now remains for this loan bill to pass the
eenate-which it will do in day or two-and
the proposals will be at once advertised In all
! Lac E1LlEA4 Lis Aul1QIlZGS 1GfRE
forms Of loau--a stock loan for 20 years at Z
per cent, limited to par, and which may be
offered at home OF abrcad; treasury note or
exchequer bill loan, IN sums Of $50 and up
wards, redeeHable after three years at the
interest Of 30l00 per cent, and an issue ot
treasury notes at par for the fmmedIate dis.
bureements Of the Government The latter
: power will be very sparingly used BY the Sec,
Ieta1y, since he Is determined to guard against
rv-+T4 4f lrtn aAl n~4x FNh.
stock loan, being limited to par, will also be
spariDg1y taken, so that the really popular
. lean Will be the fifty dollar treasury notes,
. | drawing daily interest Of one cent each, and
! offered to the people at all prominent points
n the country, through agencies to Be eatab
lished at the discretion Of the Secretary. TIL
! measure, although an experiment IN ths
) United States, IL one pre- eminent1y adapted
to the wants and resources OF our people. Il
), | may take time to familiarize our farmers
aps n &c b6 aba eSS9Rg e TgP PseRs Mhs
e capital, to the idea Of investing their saving
5 in the scrip Of their Government, But 1ittl.
. consideration must convince any Intelligent
i person Of three things: 1st, that the credit o
e our GoTernment for the prompt payment 0
: interest and reimbursement Of the prlncipa
+ Of this loan, Is good beyond all peradyentufe
r End, that the terms Of the Investment, tt
d safety being assured, are better than the aver
age Of profits In the present distracted state
d the mass of the people come up promptly
= with their substance and their means to TIL
d eustenance Of their Government, it is lost, NJ
d matter how vast the armies that EBAY be raise<
D or how great the unanimlty and enthusiasm
+ Of the moral support 1t may receiye
It The main "sineTs of Hur" are material
d not moral Our volunteers must be fed ant
+ clothed and armed and modified. The VA
i for the crushing Of rebellion will be costly
!, whether protracted or not It Is to be hopet
. It will not be protracted beyond the presea
+ year; but, in any case, it must require o7t
5 tro hundred sa:2lions Of dollars. Now, what i
On tie pa1t 70 Of % al he people @ to loan he Gos
+ ernment this money. We must. not wait TO-
S capitalists to take 1t, for the more lit tax e.
S BY the people in small sums, the more will th
d capitalists of Europe and America ultimatel,
l. come forward to offer to . government, who's
e common citizens have exhibited their implici
If sency. By the terms Of the loan act, the Sec
: reta1yis obliged to give the preference to small
4 bidders. Now let there be magnificent ode1
e Ing at the start from the whole body OF tn
q | people, and aQ the rest Is easy. The preseI
it yatlon Of the Government Is not only assured
o but the ability to command future credit, tt
The naanimitY itR TitK Rhieb this Tar loan va
:, authorised BY tie House furnishes q splendi
augurJ for the future Of this great struggle to
:, ! national preservation. The Representatives. q
8 twenty. thred States; representing = popnlatto,
l q twenty-five millions, yotsa for the naes
ao9tSss Z 5 Ell 1nefe =
), Ben Wood, o9 New York. Let their name
q stand. are accursed In the ca1eodarW Whe
. Kentucky, Maryland. Delaware and Missoui
: voted for sustaining tne GoverEment to tn
l. last. thaec tzeacheTous 1u:srepreseutaGvea q
! Memorable s2a patriots cocatttr taoes f.sid: