The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1864-02-26

ter protest against any such wild goose
and selfish plan as this bill proposes, and We
say now, what we have always thought and
alleged, that if the State has any money to
give away at this time, it is her solemn duty
to give it to the families of the soldiers who
are fighting to save our country.
How Capt. Sinclair's Company B, of
the First, was Received at Still
water.
At one O'Clock on Tuesday afternoon,
Capt. SINCLAlRs company started for Still
water, in carriages sent over for them by
the citizens of that city. At three o'clock
they were met on the road by the Mayor
and City Council and citizens, and escorted
into the city. At Myrtle Street Church
they were welcomed by an immense crowd
said to have included all the residents of
Saltwater, men, women and children, and
very large delegations from Baytown and
Lakeland. A large procession was organ
lied, perhaps the most notable feature of
which, aside from the company of soldiers,
was the children of the several schools of
the city, conducted by their teachers
This procession marched from the church
down Main street to the St. Croix House.
At the corner of State street, the process
sion escorted the company under tri-
umphal arch, bearing aloft an inscription
of "WELooME HOME, and at the sides the
names of the battles in which the First was
engaged, all wound and wreathed with
evergreens. At the St. Croix House, a
splendid dinner, entirely prepared and
served by the Ladies of Saltwater, was
provided for the company and near three
hundred of their friends. At the tables,
Mayor Bronson welcomed the officers and
men home in brief and pertinent adj
dress. which was responded to modestly
and as briefly by Capt. S1NoLAIE. After
the dinner and reading of toasts and sem
timents, an invitation was extended to the
soldiers, their relatives and friends, to par
take in reception supper and join in. a
ball to be given in honor of Company B
on the 25th inst. The public celebration
was then adjourned and numerous private
celebrations Immediately followed, in
which the generous hospitality of Still
water was extended to the returning braves
and all their friends fir, IN the country.
Necessity OF Increased Taxation.
The necessity of increased taxation to
support the national credit is apparent to
every rejecting man. But Congress
touches the subject with extreme timidity.
1t is now ten weeks since the session be-
gan, and no bill has passed adding cent
to the national revenue. 1t is justly said
by Mr.. GALLArIN, in his recent pamphlet
on the National Debt, Taxation, Currency,
&C., that the last annual report of the Sec
rotary of the Treasury embraces state
ments of debt and disbursements far sur
passing in magnitude the financial transac-
tons of any nation for the same period in
modern times. The nearest approach to
it during the present era, as he recites,
was made by Great Britain in the year
1915, the last year of the great struggle
with NAPOLEON, when the expenditures
reached the sum of ELL, 100000 sterling,
about s3S, 100000 of which was raised by
loans. In our own case the disbursements
of the fiscal year for 1868 we're $714, 769,-
995, of which $500, 266, 6ss were provided
for by the issue of paper money or loans.
The estimates for the current fiscal year
amount to $749, 731, 800, of which $685.
56S, 800 are to be raised by loans. As
Stunning the pound sterling to be equivalent
to five dollars of the United States, we may
represent to the eye the proportion of our
expenditures which is raised by loans as
compared with the expenditures of Great
Britain in 1915 by the following table:
| UNITED STATES.
1868. 1864.
Expenditures. :. >. $714, 7O9.995 s749, 734, $50
Revenues from loans 690, 266, $50 588 163 AGO
Revenue from taxes 124, 443,3 161. 568. 400
| graf BRITAIN
1915.
Expenditures. ................. $3.50, 0O0, 600
Revenue from loans. ............ 100000, 600
| Revenue from taxes. $780, 1000. 600
It will thus be seen that more than
three-fifths of the whole expenditure of
Great Britain in 1915 were raised by con-
temporaneous taxation and less than two
fifths by loans, while we raised in 1868
little more than one-sixth of the whole
expenditure by taxation, and relied upon
loans for nearly five-sixths of the re-
| naaindar The estimated nrOpOrtiOn is