The New York herald., 1863-02-20

and practical il consists q two pars, debt and Taxa
ton, viz;-l Contracting debts for tho supply q the
army and navy, issuing legal tender ard borrowing
money In some form upon the faith OF the government
e Taxation on the entire property, commerce. and bus
and usrss. Of The dsSss whcnnsve been Or may Be-
tracted on The faith OF the government No theories can
20 imagined or shifts allowed that viii eyade the
tarin on imports, and internal taxes on property
and business adequate to the payment Of the entire
debt contracted, principal aud interest The pro-
perty and business Of the country are amply
sufucient for this purpose; but il will require
strong and stable government wisely administered 10
adjust and enforce the collection of large amount Of
taxes as will be required to pay the extraordinary
debt that must be contracted in crushing the rebellion
and restoring peace and tranquility the whole Union
people are 10 be taxed to the utmost limits before the
Union s restored and be assured OF future loyalty in
all the Southern States You not yet able 70 collect
taxes in the dsoya States without the aid Of powerful
army Before you be Of loyalty In the rebel
ous States Union State be bshcd
and maintained in each them. To do this will require
large army for many years. Until you collect your
taxes in all the rebel States without the aid Of military
force the rebellion not subdued Many of friends
express sangune hopes Of immediate relief from the pas
sage OF this bin, and should be ch gratined have
their expectations fully realized But, str, In my judg
much reliance upon this plan 1t viii not give much re-
haf 10 the Treasury for one, two or three years. will
90 INTO operation slowly The government having hithc
70 failed TO provide. national currency. the state
banks In the older states, have organized, become
deeply rooted and firmly established 1t win take long
time 10 supplant these banks Every violent effort
win result in more harm than good This new system
Of banking will come into competition not only with
listing institutions, but will encounter the preudices Of
large class OF people who especially hostile United
States Bank. II will be towards the close of the
when the government Is firmly established and It's autho
ry respected In all the States that will be most valu
able in providing way for funding part Of the pubic
debt and establishing permanent system Of national
currency, redeemabe in gold and silver by the bmks
ganized under this law II is more for the benefits TO be
realized in the future than during tho pending
that am induced to give my support TO this bl.
Debt and taxation the inevitable necessities OF war
ed Ia nCfpa ed
The daily Increasing debt Of million ve hundred
dollars must eli be raised by taxation in
form, or the debt will not be paid The government Is
spending at fearful the Accommodations former
years OF prosperity Every dollar Of debt contracted be-
comes first mortgage upon the entire property and pro-
ducte industry Of the country 1t affects the farmer,
laborer, mechanic, manufacturer, merchant, banker,
commission merchant professional man and retired capi-
tast Every pound Of tea coffee and used is taxed
to pay the expenses OF the war; and the person using
these articles OF daily consumption pays the in the
increased price, Every person that uses wne brandy,
whiskey beer segars or tobacco pays portion Of the
war tax All necessary articles Of dress sch Shoes
boots hats and wearing apparel are taxed ike manner
and all superuous and unnecessary articles silks,
laces, diamonds and jewery, are heavily taxed
aud would be glad 70 SEQ the tax sul further
increased on them, in order TO prevent If possible,
their this time. Every person that rides upon
tho railroads, reads a newspaper, draws check or
sends teegraphc message, is taxed for purposes
bnt need not further enumerate tho different modes in
which everybody Is taxed every day 10 pay the expenses
Of the This debt is mortgage alike all the
productive industry and property Of republicans, demo
cras old line whgs conservatives and aboltionsts All
these classes Of persons taxed alike 10 pay the
debt Every democrat republican who chews tobacco
drinks beer or bad whiskey In the Sixth ward OF New
York, pays his proportion OF the debt the same
the conservative who drinks his choice wine the Fifth
avenue his TAX already beginning TO be noticed
by tho people, butt as the war procrastnaed aud the
debt increased, the burden will be deep felt.
While We are running along at forty miles an hour under
the pressure If rredeemnble paper necessarily issued
and circulated to prosecute the the taxation
is easily paid and there Is seeming prosperity but
assure gentlemen that reckoning day will surely
Look at the immense army In the fold their
missarat, supply trains, ambulance corps suffers
sters hangers iqers and assistants Of all kinds
tending line OF military operations Of more than
four thousand miles, and you viii be impressed with two
important facts
sent support and the future bountes and pensions that
must be paid.
trial pursuits and the consequent loss OF productive
dustry which Ought to bc added TO the wealth Of the
country
All this immense army add nothing by their labor 20
the wealth Of the country aud the expense supporting
such an army devolves upon those who do labor, and
those who have already acquired property. What a
mighty drain this is upon the productive energies
and resources OF the country II Is indeed exhaisng
well as bloody war Whether it Is successful or un
successful vast consequences involved. II term
successfully within three years. the Union maintained,
and the government perpetnated under the constitution
the results 10 flow from such triumph would amply
pensate for all this expenditure OF blood and treasure
II terminates unsuccessully, the Union DIVIDED and
the rebel government maintained, the debt must
still be paid. But no man here is wise enough to
predict what results win follow such a calamity,
am asked almost daily, "wiil the Union he n,sned
and the national government perpetuated all the
States and Territories" cannot doubt that IL will No
Efforts of me certainly shal be wanting to accomplish
so desirable result. cannot, however shut my eyes
10 the formidable character OF the rebellion to the
difficulties III the way OF accomplishing such result
The inherent difficulties OF conquering and subduing
large and ntegent people, extending such wide
extent Of territory as ID contained in the revoled states
are very great 1t is very difficult TO and supply
large armies An advance in the enemys country for
any considerable distance always involves the
Of keeping the rear line open TO the base supplies
been made In attempting to take Richmond Even the
armed occupation OF part Of Of the rcvoted States
does not make e people in the State loyal to the general
government The hatred Of the people in the rebeious
states decpseaied and abiding They have separate
de fdo Confederate and separate State go
vernments. As States they revotod from the United
States government with their state governments re-
naming intact and In full force. They still maintain
their separate State organizations, with power TO
menced very differently from other Instructions
II mnced by disorganzed bodies of the peo
capacity Of independent soveregnties. These state
thorties had power TO suppress Immediately the Union
sentiments Of the people within their Jurisdiction
enacr as well as 70 enforce any new laws that
might be necessary TO accomplish their wicked pur.
poses. Hence the formidable character of the re-
bell,on at the outset. IL will take long time 70
supplant the present State organizations the re.
VOTED States and 70 institute Union State govern
mens in their stead. IL only be accomplished by
armed force. u viii require large standing loyal army
In the actual occupation of each state. Until Union State
governments organized and permanently maintained
IN you Cahnot n lasting
peace. Sir, II Is proper for 70 look these diicutcs
square In the face All the people in the Northern States
ought 10 look at the formidable character this rebellion
and up TO the demands Of the hour IL will require
the active services OF united North 70 main.
tain the integrity of tho Union. II is unwise-aye
crminsifor MS, while incurrng debt OF 81 500 900
every day. 10 deceive ourselves the real
situation The business At distance are going on
making money, speculatng, buying and selling, almost
unconscious o the dangers that surround Party
CARNATIONS maintained, party platforms set up and
partisan constantly made for power wholly incon
sistent with the mighty involved the present
war Ihis app les TO all parties and all party organiza
tions. Tho people In the loyal States have common
interest and Common destiny. All intensely nte-
rested an the deadly conflict All become liable for the
debts contracted in tho prosecution q the war and all
must be taxed to pay both principal and interest But
sir the higher inspirations OF duty and patriotism imlel
60 sustain the President IN vigorous prosecution OF
the wara war that has been forced upon by ambitious
rnei, whose cicf object Is power. Considerations mn.
ntey above mere party or ecusary losses should impe
g. united action. Your country my country i In
danger OF being divided aud destroyed Oahs been
broken, the . Institution dclcd aud the hws trampcd
uudcr their feet. "Ined stand, divided We fall -
appeal % gentlemen OF all parties uphold and sistair
the constituted authorities IN vindcatiDg the majesty of
the Uoi,rtnai ron and all the states Terrific
rcs the great lakes the Gulf OF Mexico and from