, 1861-06-27
Ct)itaqo Gribtttte


TIE QUESTION OF REvKNUH.
We learn from Washington that the
Cabinet hare advised the President to pro-
pose to Congress to pass bill calling for a
National loan, subscriptions to ba received
in sums as mail al twenty dollars,
and bonds 10 be issued in denominations
ranging from $50 to 81 900, bearing seven
per cent. interest, assignable On delivery,
like bank notes, and payable ct the end Of
three, i've and ten years smaller ones
to be first taken up-the Federal post
m1st:rs and collectors throughout tho
Union to be provided with subscription
books, and to invite the people to subscribe.
We have not learned when it is proposed
10 have the amounts 60 subscribed paid
10 the Government but presume they
will be received BY installments, say 20
Per cent down, and 20 per cent every
sixty days thereafter, as the Govern
ment may need the money.
There can be no doubt but an enormous
subscription can be raised on tho foregoing
plan-in case Congress shall provide ode
quate means by taxation, to meet prompt
" the semi-annual interest that will accrue
on the loan. Taxation is necessary to give
confidence to holders Of money that the
Government is able and willing to meet, in
good faith, it's obligations, We believe the
people Of I'LL the patriotic States, will sub
nit chcerfully to any reasonable amount
oftaxation, levied In the shape Of duties
e1ciscs and direct levies. They are
wiling to make almost any sacrifice in
money and blood to crush, in the shortest
space Of time, this wicked rebellion against
the mildest and best government on earth
A resort to loans is safe 50 long as it IS
backed up by proper legislation, making
provision for the certain payment of the in
terest and Ultimate discharge Of the princi-
pie The people want no more bonds sold
at IS cents, as we're the last batch.
Let Congress pass the necessary laws
for raising revenue, and then call On the
people for National loan Of three hun
d1ed millions, and every dollar Of it will
be subscribed aud paid into the Treasury
within year. The interest On this sum,
at seven per cent, would be twenty-one
millions Of dollars, which must be met by
taxation Of some kind.
The Constitution confers on Congress
the power " To lay and collect taxes, du-
ties, imposts and excises;' but all duties,
i,nposts and excises shall be uniform
Throughout the United States" In rela-
lion to direct taxes, the Constitution pro-
rides that Representatives and direct
lakes shall be apportioned among the sew
eral States according to their respective
numbers, which shall be determined by
adding to the whole number Of free per
sons, including those bound to service for
a term Of years, and excluding Indi-
ans not taxed, three.ty1As Of all
other persons" In other words,
taxation shall bo apporioned On the
basis Of population-dTe slaves to count
The same as three free persons. Suppose
Congress, in pursuance Of this provision,
should levy tax equal to one dollar per
capitum On the people Of the United States,
Illinois would be called on to raise $1,T1,-
753; Indiana, $1,350, ,479; y consin, $775,-
6113; Iowa, SG74,o4s; Minnesota, $16e,793;
Missouri, $1,l54, $50; Kansas, $107,645.
All the Free States would pay $19, ,020. .759,
and the Slave States $l0,634,126. The
amount which would be due from the re-
yol1ed States would be 81, ,562, ,685; and the
whole levy would be sts,6n, ,792, or q
fraction under thirty millions The State,
county, township and city taxes paid by
The people Of Illinois per annum, exceeds
six millions Of dollars. Hthe above named
sum Of $1,711, ,753 were levied for the sup
port Of the National Government, it would
increase the whole amount about one
fourth. Illinois would stand her share oi
such National tax without hinching OF
feeling serious in nconvenience.
1t may be asked how it is proposed tt
collect the seyen and half millions thai
would fall 10 the rebel States? Let it be
done under martial Law, by our troops
Let them levy on Southern cotton, sugar
rice and tobacco wherever found, to the
.mo,,,t +ha+ aach ;nerroon+ s+at. .ron1d
owe, with costs OF collection added; ther
remove the nTsnertv IN tho best market,
.nd ee,1 Il n1acin9 tho n-oneeda :, ~.
rred;t If +hnse states
The nresent tariff mnst ha nood;t,ed
The free 1ist should he renca,oa 49, :,
no;7er.te 1rtr 1or;oa ~ a11 a1t;o,aa ,-.:a, @
NV cnt5r a,,tr 60 A. ;mna.t ~ ~ On ss ~
rent ~ tha a,ssent f-aa H.. ~ woa,s ~ 30 ps
~. ~ .1.s.-.:,,: ''9S ~ "oulo p'o
.;a~ ~ % 49, ~ =, ~ 49, n-:..s ' GO. c e aano
w. OK 900 o. ON 1so 80. -. o1o ~
-o,. ~ ". oa... ~. - - - ..s
1wo and :. ha1r 1n;,1;ane ~ n Fne,aas ~
tca n,ra a d,tr of tb;-,r.s,rr cants w,
1o,,nd. ho,. g onto~s croo IT, a,,s.
finn or coff.o 1aet zen, va, 1ao ooa rTz
which If tarod ut the rate of threa ccnt,
ner nound ,Eonld hava v;e,doa 1;1a a7,d ,
half million. Here are eight million
from these two sources rast rcar va In
norted ~ nm o0o 1hs of sncar and ma
200 gallons Of molasses 4 dntv of tr'
c4uts pound On .urar and ten cents
gallon on nolasses Eou1d hav,. nrodpce;
81 32f nm of rerenne And THO ,n,c1