Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-01-15

small ant. UNITS, and being all receivable !
during the present year Tor taxes, wou'o
be nearly o. quite at par, and wou'd DC
much more valuable to tho holders than
tile present o.,es. Should this course be
4 .rm,d adyisab lie, it will be necessary, IN
order 70 meet the demand made upon US
by tie federal &c verDment, To ievy TAX
of about 1868 500, Of which Slo2 oOO must
be collected IN money, and SlcoooV may
be maid in the warrants outstanding
AGAINST the War and Defense Fund. Our
State debt will have been increased oy
$500 600, and We will not nave any money
IN our treasury wherewith 10 meet luItuef
military expenses should they be necessa-
rv IL will be observed that the sums CIV
en- are generally estimated. Absolute pre-
c,,ion could not in some cases Dc arrived
AT. But it will be found the estimates APP
proximate very nearly the truth. Al tu!s
should not be deemed advisable, we can
present our claim against the Generai gov
crptucnt, receive tue amount que tle
State. pay the outstanding warrants IN the
hands uf our people, aud either co.icct III
money the federal tax aud pay IT To TIE
General Government, retaining tue nitecn
Der cent. for so doing, or allow the IeheIai
Government to collect the whole without
interference on our part. In view OF the
actual condition Of our affairs and the want
ol urompti,ude with which our taxes are
pad | am inclined to favor tue pau hrot
recommended Ii had ASSURANCE that our
taxes would be paid as they should be,
| would much prefer the second.
Intimately connected with the subject OF
taxation and revenue, is the question as to
! l. If wi iP al
| for taxes. Under our present laws, specie
only i, receivable for public dues. In view
Of the recent suspension Of specie payments
! by the General Government and the Banks
Of the Eastern States, it becomes ques-
ZION Of great importance whether We can
collect our revenue in coin. do not be
lieve we can, and urgently recommend To
YOU such change in our law as will allow
the naymeDt Of taxes with United States
| Treasury notes and the notes OF the State
Rank Of Iowa. IL is true the United States
Treasury notes are not payable in specie,
but it is the interest OF all loyal states ana
Of all loyal citizens to keep them at par,
and tic receipt OF them lor taxes by inc
Ioyal States would tend much 90 that END.
| The State Bank Of Iowa IS requlrea uy me
law creating il, at al. times, To redeem us
circulation in coin, and believe 1t expects
and Is fully prepared to meet that Tequ'sl
ton. II, as it seems to NE we must and
should receive for revenue the United
states Treasury notes not redeemaoie ID
snecp | cannot see the wisdom Or justice
%, refusing to receive the notes CT cor ~" II
banks that are SO rcdeemable, especially
Wien by so doing, we make the payment
Of our taxes more easy to our people ana
more certain to the State, and at the same
,,,e aid to some extent in keeping in cir
culatton among us a currency which has,
and IN my Judgment deserves the conli-
dencc Of the people.
MILITARY AFFAIRS.
The report Of the Adjutant General ,
herewith submitted, shows the number and
description Of troops raised III TIL, State Tor
| United States service to be sixteen reei
ments of iniantry, four OF cavalry, tnrec
batteries OF artillery, and one independent
company Of cavalry for frontier service. vi
these the fifteenth and sixteenth regiments
Il infantry are not fully organized. In add
ton. Col. T. och and Col Rankin are engaged
IN raising regiments Of infantry, which II
COMPLETED will make tie seventeenth and
eighteenth regiments os That arm OF the
service.
1t il a matter Of much qualification "a
me that our State las thus promptly re
sponded to the demands made upon it by
the United States for aid in this perilous
crisis of our country's history, and 1t Is also
a matter Of great pride to me that the
troops Of our State. whether tried IN the
exhau,ting service Of the camp, the march
or in the fiery ordeal Of the battlefield
have never been found wanting, but have
h1 their cheerful endurance Of nnaccustomed
hardship aud their IndomItable yalor won
for themselves and our State name which
may well cause us to feel an honest pride II
claiming in any part of our broad land
that our homes are in Iowa.
IL the Extra Sessios Of 1861, what was
supposed ample provision Was made to iur
nlsh the necessary funds for raising, clothing
and equipplng the volunteers that might DC
ruquil ed from this State, by authorizing the
issue and sale Of our State bonds. Iinme-
dlately after the close Of that session, the
necessary steps were taken to put our bonds
in mai ket, but before they could be offered
in New York the faith and credit Of our
State were most wantonly and unjustly at
tackled by certain papers in that city So
that when, under the law, the bonds were
offered for sale, it was found entirely impoS-
! s,ble to effect sales at the prices fixed by
the Board Of Commissioners appointed Tor
that purpose, or which would not have been
ruinous to tue State. No sales were there
} fore made in New York, and an appeal was
made to our own people to take the bonds
aud furnish the means necessary to meet
the large expenses consequent upon raising
the troops called for from this State. Tue
} report OF the Loan Agents, herewith sub
United, will show you the amount OF bonds
sold by them in the State, and the amount
of money received therefor. 1t will be seen
that much the larger proportion Of tue
bonds were taken by persons to whom the
State was indebted, and that but small
share was sold for cash. Tue result was
that the officers charged with the duty o
raising troops as required by the General
Government were much embarrassed for
want Of means, being compelled to operate
wholly upon credit, consequently to great
disadvantage. Whatever could be furnished
by our people vas promptly furnished or
the credit Of the State; but without means
it was impossible to procure arms, clothing
and such other articles as our people did not
produce. After providing clothing for the
lst, and Sd regimen Is, ! found 1t utterly
+ impossible to provide for those subsequent y
raised, ard was compelled to rely upon tn.
, General Government for that purpose, and al
rhouyh it was matter Of Mucu modification
to r,e to be compelled to allow our troops
: ), leave our State pnuniformed and unarn
ed, yet am induced to believe the resul,
has been as we'll for the troops and for the
Government. The troops who left ou'
State without uniform. left at Q sc isOn o