New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-01-25
from Our Own Correspondent
ALB,SY Friday Jan. "a 1862.

ALB,sY. Friday. Jan "a 1854?
WAYS ,Sp MEaSs F0R rHE WAR
Mr.. Hulburl of ST. Lawrence made speech
which attracted the attention of the House, and will
ALEC command that OF tie country II u be pnblshed
and widely circulated IA IL ought TO be. lie spoke
81 course on the resolution which he recently report
ed from the Commi'iee on Ways ana Means urging
on the part OF Congress tie leyying Of direct tax
which shali lie equal to the payment ct the entire
State National Debt, Rs follows:
Resr,l II tie sslGe concur That th.' Lcsi,.aiure
,fd "a ndprnsabr 90 the maintenance ~ sound httur
.yite hat 'he following measure pa .al,'''es should he
DOTTED by the Corgrss' ol tho nlicd s's'e'
/ That dir.,s shoad be- lg.i"d Snd .rporiioned a.
or. sars he fsyer States according 90 The pTs sou. q
IT, F,dersl Constitution. the yet proceed. q ~llrn Dc
Interest u The entire IN ebtsdle.. o. tie Nai.Hh go'e
uout md tia, 3D., 'mouut o. tai ihl' appoIuonsd 20 ne
oya sisiet aud p by them shall be 81 apart snd pledged
T. M. "a, rneut q such lli"T.ft
d T6aiths be dsuv.d nom tie income .s e'ti
). 80 sf. .nd psdg,d sutn, tund for Tho reHbu"e
nien' = tt. principal ofths public dr1t A., - ,
s40Ooo levied and apporioHed snons ths si' pursuant
TO the act Of onue. .pIre,gS A"s a. @ 'osc,ns. ".n
h., ,- ir.c, ,.r be .pro-ioued among the several
eel u tie ua,lu, debt be made permanent tar 20 insure
i rof PAYMENT Of such Interest and that should be
@re,e froni yes. to wear by sprortionmcnt 20 be
ie lrder the direction q the Secretary Of the Treasury
~,-r ne incr.as Of he national debt, duly authorized
by law. shall make such spport'onmeut n"cessary
R,itsd That tie people Of the state ~ New York will
osv h., dr,c, t.r,on their just proportion e the
~d 70 .,,.fy the Interest OF he rn,e deb, contracted
A. In. selrr feyrrnn.nt aid 10 be- upooncd snicug the
oy. sa-s. according to article section = OF the 'on
zion Of the United states.
R,.oir,4 Ths. The state Of New.Yos win cheer'uy
oprr.e with hs,se loyal states and with the Federal Gov
rnu.pt in .wins subn,lon TO all burdens Necessary to
be ed sod borne BY adopting tie financial poey here
Indicated believing th,t Il vii o0mnsnd the confidence OF
IN 70. .or. having money lend aud that with .uch as
eu II finance the Government viii BE- abs g. obtain al The
ra mean, needed for ysoou. prosecution Of tho pres
.ut war. and under it. operation !. the Judgment Of this
Legislature thu, tho Federal Government could never be sub
s nndsr .ny eIis-ncy to any probable r.,s Of interest.
ION
cr,dt and disastrous The people the obtaining OF funds
~, ~ Gov@rpment sper vsuly bol.'ered by making
tender between debtor ana creditor without proper ai
.ds qus,e provision for the redemption Of the same.
Mr. n. briefly adyered to the commencement Of
tbjs wicked and gigantic rebellion, its progress, and
line mean, emroyed to suppress il, reviewing e-pe-
cially the financial measures OF the Secretary OF the
Treasury which he strongly condemned The speech
WIS one of remarkable ability, clear, compact, iorci-
bic logical and peculiarly elegant IN dctlon Mr.
IIulburd proved from the history Of tho past,
and from logic that seemed to your correspondent
n.nsyerabe and irresistible, that the credit Of the
nation cannot be sustained by the simple issue OF
Government promises 10 pay with Government sum
Masters for interest but that on the contrary. IN
absolutely necessary TO levy "A tax which shall
in coin, or ito equivalent, but also pro-
vide sinking fund TO lquidhte the
PRINCIPAL and that without crcdn-without
money-it il impossible to suppress The rebellion
He snow ed that nave the wealth. WHICH IL neces
sary IA basis for a sound system OF finance, and he
had no doubt Of the general willingness of the peo-
pie to contribute freely Tor the suppression of the
rebellion but not for the gorglng OF swndllng con-
tractors aud official poculaors. lie exposed III II
mastery manner, the sublime audacity OF England,
in setting herself up the guardian and protector
Of Christian civilization, and, in that capacity,
threatening 10 raise tho blockade, &c. IL required
the vigorous of the Speaker gayel TO suppress
the spontaneous applause which manifested itself,
not only in the galleries but the floor Of tho AS
sembly at the conclusion Of this splendid speech.
Nj. Hayens OF Essex spoke forcibly IN favor Of
the resolution, and offered the following amendment
After the word borne," in the last resolution 81
sert-
Not only In tho payment of the debt already incurred
but also ia sustaining aud carrying forward the most prompt
putting all public deienses IN state Of completeness aud
adopting the most thorough nssues for guarding all
| frontiers"
| Mr. Raymond agreed entirely with the general
scope Of tbe resolutions but was not pleased with
all the details and phraseology. lie did not think it
wise for the Legislature TO any seem to say that
New-iork would cheerfully cooperate with her sis
States, &c. IN sustaining the burdens OF the war
only in OF the adoption of the " financial policy
here Indicated" lie therefore offered to amend the
first resolution by substituting for the word inds-
pensable' the word important" lie also proposed
to amend the last resolution by striking out all after
| !hc word borne down to aud including "thi,