The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1862-01-18

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Tsdsrsl lsax skosA . &650O00, and the
State should aossne Is, there would b duo
The Geseral Govesum0t The sum ef $751;
500, bsin9 IL sutire amount ef the tar, La
the amount nov dos the State, and the 6f-
teen percent. Ter assumpsion and c0lleetio1
which nust b aseesssd spon and paid b
or people. .
Bat % msst provids also for tie pay
mspt Of the amount due our own citiIens.
This mast be done By assessing the amount
q : tai, and b. either actually collecting
| thslmoney and paying il to the holders Of
| the warrants, OF by authorizing those bold
| ing warrants TO surrender them to the Au-
dior, and receive IN lieu Of them other
warrants Of tho amount Of ave dollars each,
which shall Be received in payment Of the
| Federal tax. These wsrrsnts being OF small
am cunts, and being all receivable during
| the present year for taxes, would be nearly
or Quite at par, and would be much more
valuable to The holder than the present ones.
Should this course be deemed advisable, it
viii be necessary, 10 order 10 meet the de-
| maud made upon % By the Federal Govern
ment, 70 lew a tai Of about $36S, 500, OF
which $lS2,50O must be collected in money,
and $ls6, 600 may be paid in the warrants
I
Fund. Our State debt will have been in-
creased BY $500, 900, and We viii no. have
any money in our Treasury whcrewith to
meet farther military expenses, should they
be necessary, Il will be observed that the
/ sup,s given are generally estimated. Abso-
/ lutte precision could not in some cases be
arrived as, but is will be found the Estimates
approximate very nearly the truth. II this
| should not be deemed advisable, We can
| present our claim against the General doy-
eminent, receive the amount due the State,
pay the outstanding warrants IN the hands
Of our people, and either collect in money
the Federal tax and pay il to the General
4 Government, retaining the fifteen per cent.
for 50 doing, or allow the General Govern
ment to collec. the whole without inIerfer.
epce on our part. In view of the actual
1 condition Of our affairs, and the want Of
promptituds with which our taxes are paid,
/ | am inclined to favor the plan FIRST recon-
mended. 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
the kind of money which shall be received
| for taxes. Under our present laws, specie
only is 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-
ton OF great Importance whether we can
collect our revenue in coin. l do not be.
lieye We can, and urgently recommend to
YOU such change in our law ns will allow the
rnymsnt of taxes with United States Treas
ury notes and the notes of the State Bank
| of Iowa. 1t is true the Unitod States, Treas
ury notes are not payable in specie, but it 10
the interest of all loyal citizens to keep
them at par, and the receipt OF them for
taxes BY the loyal States would tend much
to that end. The State Bank of Iowa is
required BY the Law creating it, at all times
to redeem its circulation in coin, and | be-
lieve it expects and is fully prepared to
meet that requsition. If, 40 it seems to
me we must and should receive for revenue
the United States Treasury noses not re-
deemable in specie, cannot see the wisdom
or Justice of refusing to receive the notes OF
our Banks, that are so redeemable, espe-
ciaily by 10 doing, We make the payment Of
taxes more easy to our people and more GER
tain to the State, and at the same time aid
to some extent in keeping in circulation
among Us . currency which has, and in my
judgment deserves the confidence of the
people. -.- 5e sas -
.s.s MILITARY AFFAIRS.
IS The report Of the Adjutant General here
with submitted, shows the number and des-
cription of troops raised in this State for
United States service, to be Sixteen Regi-
ments of infantry, Four of Cavalry, Three
Batteries of Artillery and one Independent
Company Of Cavalry for frontier service.
OF these the fifteenth and sixteenth Regi-
ment Of Infantry are not fully organized.
In addition, Col. Koch and Col. Rankin are
engaged in raising Regiments Of Infantry,
which it completed, will make the Seven
seenth and Eighteenth Regiments Of that
arm of the service. 5
1t is matter Of much qualification to me
that our State has thus promptly responded
to the demands made upon it by the United
States for aid in this pcrlous crisis OF our
country's history, sud it is also matter of
great pride to me that the troops Of our
State, whether tried in the cyhausting SER
vice Of the camp, the march, or in the fiery
ordeal CT the battle field, have never been
found wanting, but have by their cheerful
endurance of unaccustomed hardship and
their indomitable valor won for themselves
and our State name which may well cause
US to feel an honest pride in claiming in any
part Of our broad land, that our homes are
10 Iowa. 5s4% I'D h a ee
At the Extra Session Of 1861 what was
supposed ample provision was made to fur
nish the necessary funds for raising, cloth
ing and equipping the Volunteers that might
he requirId from this State, by authorizing
the issue and sale Of our State bonds. I'M
media.ely after the close OF that session.
the necessary steps were taken to put our
bonds in market, but before they could be
offered in New York the faith and credit Of
our State were most wautonly and unjustly
attacked by certain papers in that City, 50
that when, under the law, the bonds were
offered for sale, it was found entirely i'm
possible to effect sales at the prices fixed BY
the Board Of Commissioners appointed Tor
that purpose, or which would not have been
fore made 10 New York, aud an appeal was
made to our own people to take the honda
and furnish the means necessary to meet
the troops called for from this State. The
report Of the Loan Agents herewith submit
ed viii show you the amount Of bonds sold
BY them in the State, and the amount OF
money received therefor. Il viii be seen
that mseh the larger portios Of the bonds
Was taken BY persons to whom the State
Vas indebted and that bot ANAL share was
sold for cash. The result was that officers
charged with the duty Of raising troops -
required BY the General Government were
much embarrsseed FOR want Of means. being
compelled TO operate wholly upon credit,
consequently to great disadvantage. What
ever could be furnished BY our people was
promptly furnished on the credit Of the
State, but without mems Is Has impossible
to procure arus, clothing, and such other
articles as our own people did net pro-
duce. After providing clothing Tor the
LIST, 2nds and srd Regiments, fosnd is |
utterly impossible to provide for those /
subse9ueutiy raised, and vas compelled /
Ia xaix u.aa a. Ca.a..l G~..-r-~.