, 1864-04-28
Ubicaao Grtb11nc.
THURsDAY, APRIL 2s, 1864.


IA-AA = AVA AAAAAe
Not 4 few good and sound men have fell
from The beginning Of the war, that the real
danger to the success of our cauae waa not to
be found in tho weakness or smallness Of on1
: forces, but in our Inability OF un~iuingness
to meet the necessary expenses Our most
formidable Zoe, IT Nas feared, would be found'
not In the rebel army, but In the Union nnan-
ces. And ~ the struggle has gone on from
year to year, tbs currency has been more AND
more inflated, An4 our debt has swollen to
such enormous size, these feazz have contin-
ned to increase, and the danger has seemed
more imminent and terrible We do not
know that any men Of intelligence and sound
financial Judgment have ever donbted the abi1~
Ity Of the country to sustain the immense ex-
penditurcs Of the war, If ita RESOURCES and
wealth We're rightly husbanded and properly
applied. The accumulated sapitd and pro-
ductive energies Of this vabt, new country are
30 incalculable In extent, that al the neccsaa-
~ expenses Of W.T., even more exhsustiug
than this, could be prompny met without any
exhaustion or failure, If its means and resour-
ces were under right and wise financial man-
sgement. The danger has never been from
any poverty or want Of money and resources.
xuE EUMQLIi IL AuupGauA4+ A4IA AAA S+AeA5f
aud able to sustain I'll the burdens and waste
OF tho var. But there LAS been reason to
fear that the attempt wou1d be made to carry
on the war wholly, or in large part, by
means Of credit in the form ofloxns, or paper
money, and such An attempt il ftauEht with
great and alarming danger. There il, 1t can
not be denied, proper use for credit in such
= crisis as tht rebellion has brought upon us.
1twould bs nnwise and preposterons not to
avail ourselves ofthe facilities which are fur
nishcd In the making Of large 1oans. They
arc both proper and Indispensable; but It il
just as indispensable that We do not rely upon
them save u N auxiliary ahd support ofas5s-
lem Of taxation, carried NTH stern and un-
yielding hand to the uttcrmost farthins re-
CURED. Borrowing alone, whether through
bonds or paper msney, can only end in disas~
Ter and ruin; borrowing. with iudieious and
necessary taxation, will enable u to carry the
war on for yesrs, and to sure victory.
Neither will the taxation needed to place
the finances Of the country on sound aud
imprecnable basis, be necessarily oppressive
II It were 50, and the loyal people OF this
country were asked 10 bind upon themselves
grievous burdens, and make great sacrifices,
TO do 60 Tor sncb cause Bnt the taxation
necessary for us 10 submit to In order to In I
sure The salvation OF the Union and our
country, ts not greater than that which II
borne BY Great Britain Al the time, IN The
ordinary support Of her government, while |
ours need only be temporary, and Tor shsft !
time. It ID a'ss maintained that all the money
nccessary TO place the finances Of thu coun-
try On sound basis, and to provide all the |
needed funds, can be raised BY tax laid ons
fe" articles and tao'e not ot necessity, oat
oi USELESS mol pefnleaoue luxury. NJ
S'epDsns o' Nem ! ORE sla1es IN n1s speech IN
the honse OF representatives. that al tue
money "anted, ana more. Zoo eau De 'uf-
h'thcd ny increasing 1ne datlee On ioFetsn
articles OF Injury. and taxing besides only