davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Norfolk, Va.) 1857-1867, 1865-09-13
President.
VIM. T. HARRISON.
Cashier.
WIN. H. WALES.

This Bank is open for the resumption of bust
ness. Deposits received upon the usual terms, in
terest being allowed at the rate of five per cent.
on all amounts remaining on deposit for so days
or upwards; A per cent. for a less period in
terest commencing 10 days after deposit, and
ceasing 10 days prior to withdrawal.
The Institution keeping accounts of its New
Depositors entirely separate from those of the Old
Depositors, SO as to answer the demand of the
New Depositors. il..al
All indebted to our Institution will please CALL
pay, curtail or renew their paper.
The Board of Directors will meet every We'd
nesday morning at 8 o'clock. au sly
Baltimore Wecker. [volume] (Baltimore [Md.]) 1851-1867, 1865-10-09
(iSprtietung fol9t.)
SSeme @erbIf lIn0 lSSinter OrD
SS0DOS.
SrDaoDGs. 81 QS. galtimpreltr.t Sr9qOO0i
- .Nniidaen NEIrf.t Snare lnh .treberidEr. v

SrDaoDSs. 81 gS. galttmOreltr., SrJgOO68,
swii@en Nartst space uno 6refertffr.
SSfep6 Settstr ertsubt Ed tie Nuimertiamfeit beg
prbltumS unN lelner 6reunte au etne eeGane au9raM
Oertf uno @Cintel CSUter ju lenten. 1V
eer1ee Stem gDrf SrdJefebrt bin nit Oie reEen rs
tern jeper Nri bin b 5taape, Auen wehe nith nit
loren Seiudbe beebren wpGen cine MuSwaM bon OrY6GcS
ger Sern prien ais rsn0 Elm OrpIpo0Ore tn ets er
5tabt cerfauen 9dGfebenb wu d ctnl9e Der pieleh
neuen 9Doaren be i'd erbden br n:
500 Sdlnipral Siirts Su $3.50 werth S5l.
100 9 id beiitr neuer Ga co, 25 SIS pr 2)Iro.
100 Stud Better Muslin, 25-3l Cts pr y rc.
500 Stide golicOcS, Wusl uGbcriuge unS Deares
BON rer Verfet eruNe, Su btui9en 9retfn.
100 Sflde @afmre. 90 &tS 81 pr NlrS
so fGUnsn rotten, peieen 9.tbtd 5 .dneu Su 40
Gt8 pr Yarb ,tpertb 621a 6 81.
500 StiGe neue rana Dietps 1Ipaed), 8tet 2Gaaren
fur Ser T. un6 Q9niGr IuSuge Berner:
40 Stide la6ne Dare nuO fdrbse SeioeAtDe Son nam
,6ffpeN Autttensve tdnfen in Mem Yert Su bli5hen
@reilen.
1000 ueue Nren Sbar5 uh 9anien< Nduten Su biut
gen 9reIsn, nm SEQ, frie6en Su ifeRcu, nne
anbete BadrsT 5u "a Irctd, lie ale Sn nenn II.
SD ldmethle MIR bur9 tine 25jIh 9e &rabrun8 I'm
. b5UDb=@ Idlt IN tmerear. lberSeust 3u ein tai
Ssberrnaan Der mid n it ctnem Bcude b:ehrt t E
QDaGren unb btut8ere Bretfe fnpeu wth, els IN
trgsnb eintm 1ntern Sduie tn fteier >tabt
Wiein WpttD mir rs S tre mar SdneGcr Gertruf hct-
prUt unb 6atei eesn Sebsn br bel mir sOrp,i3
Ssietb eGt9er'S
Yrpuar DrpeCcN Sdt8
27 Q8f 3. ltimpre ctr.
(it2-jO Swif9en GreperIdRr. II. Nierfet Ssaee
Baltimore Wecker. [volume] (Baltimore [Md.]) 1851-1867, 1865-10-09

bat. ltneeid6r bier Woden nu6 benz 8egrdbs
nib Ieb mid Serr Simon8 in iein 3immer fpnlz
men. Olit Der ibm eisenen 3ube llnO 6sfig=
felt tiinbi9te er mir an, ooB 9ori8 elmer @r5iebz
una8anltalt iiber9eben merOen iolle unb oab er
meme 9ienlte entbebren fGnne. 9ann bdn.
biQte er mir fiinfbunoert Sbaler Elm, uno i'd
spg ab. 9as Gelo perwauOte ib gu meiner
bdusIi6en @inri6tun9, iu9te uno fanb 2lrbeit
unb lebe ieitoem in filler 9tbgeidieOenbeit pun
Der 0elt 9llS i6 ipdter b6rte, bab SSrand
@atbrg bic SOdter 1eines grincipal8 9eratbet
babe, madte i6 mir gOrpiirfe 9eidwiegen gu
baben aber oas @erlpreden, oaS i6 Wlaz
oame SimOns 9egeben, mag mid entldulpi-
gen. . m
Ser 9ottor bate einise 2lugenbIide ltumm
ben 8rief betra6tet.
Sic Seiratb Der beiOen iun9en 2eute, Die li6
[eioeni6aftlid lieben, bat Der uerltorbene S=
mons lelbit betrieben! murnelte er Dor lid bin.
8ei Der Gbri6feit oeS WanneS IdBt lib faum
annebmer, oab er I'm 6ranS BaIburg 81 be-
sinitisen, ii9 zines GerbredenS ihulOig sez
madt, ba8 feline ein3i9e, rebtmdbige SOhter
ms gleno itlr3t. Ge bat oft BON benz ,6eiratbs>
prOiett NIT elmer @OrIiebe ssiprOden, pie jeOen
3peifel perideuden mub. glob auf benz Sters
bebette bat er Die taum 9etrauten @atten seieas
net unO ben iun9en Ntann eradtet, Iib fir
Die ibm betpieienen Nobtbaten OaOurd Olnt-
bar su bejeisnen, paB er ilber Doris Slid
mo6e.
SeItIam bleibt bic Sadie INNER meinte
&pia.
sic tperoen alio i6peigen ?
Sur gle, 6err 9pttOr, t0nnen mid gum
Geoen bewegen.
Spqte Balburg, mas faum anjunebmeu 1T,
6iirdten Sic ni6ts, !6err 0Ottpr, i6 tperoe
gu banoeln tpiiien. Oas Slid Der 3o6ter nels
ner perltOrbenen !Serrn Iie9t mir ni6t miner
am Ser5en, ols Sbnen. 9lber Gins rattle t6
Sbnen.. 49,.
9inn?
(Hprtlet1tnd fpldt.)
Baltimore Wecker. [volume] (Baltimore [Md.]) 1851-1867, 1865-10-09
9cntl6e uuO enslii9e S6lle
IS%a4El BON
TrieS tde Sndpp, -seH
TrieS tN &nGpl

go. 20, 81 unO 33 9plltoop 9trobe,
i8rds sesenabsr Der MaYor Office l.e.
c5s mrb ppu 13 9e6reru upIfdnbiger Steal, Spradz
@6reib, Geiaus unb 3ei9ueu llntenidt ertPeHt. Set
tipuen i'm 9atein&eu unb 6ran5Ffi6en icpe I'M Sla=
ucrpielen auf Serlaaseu. 9e6rG8er nuterrtt IN per-
I6epeuen &lalien. .a.n.
Siir peblie panbarbeiten 1T elne seprerln
Op,t nor s6,Ie it ei 2 3urn Mnfatt rerbunben.
= @6HIer werbeu in &pf nnb eo8tS Se%
Ssere Mustunft ertbeitt Der Yriu3ipaI ter Nnitalt
&. Suapp, 33 SpliOapftr.
Baltimore Wecker. [volume] (Baltimore [Md.]) 1851-1867, 1865-10-09
9eut1d)e Npctbefen
SDeltgalls@Am.s

= Ss,ntt y ep Daseatu gp. az gspeb SpYarbRl s&a,
xssetfst t,u aSaDtIGle uRt @e+aI Dru9-@et4al! nnl
Spef6ls tE6nst atsr Sttnpcer Tifh tberet bic yra
sn sir bic Serrsn Aerstt rpt baS yubIium TIA Aa31Ihet
mi e6dt af auf;aerfdsa Es1Een.
(I2etS35Rtl q. y Z n'I y ~
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
Buffers Removal.

NEW YoRx, Jam, l0.-The Commercial I'D
rerhscr has I'M editorial on .thrircInovnl oil
Genera. Butler, and reviews his mllitnr:
career on the james river and n. Fort Fisher.
II pays compliment to his administrative
abilities. but considers him n failure as mil.
itary leader. 1t cnumcrntes his futures, but
thinks he has acted to the best Of his know
ledge, mud hopes the government will pace
him in n situation better adapted TO him.
The W,raids Army OF the Potomac CORES.
pohdcnt, in announcing the removal Of Gen.
Butler, SAYS the o>tcusiblc grounds for his
removal are his failure Mt Wilmington; but
for months past no hns been losing the cont.
dencc Of army officers through various causeH.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
, NEWS FROM MEXICO.
The French Defeated, &C.

Scmi.official news from the city Of Mexico.
under the dSto Of the 18th Of December lust,
has hccn'received.
The French General Counters D. HuobaIi'
with $500 nicn >nnd twenty-seven, cannon
advanced to the city Of Rajaca. Gen. Porhero
DIM, who commanded the national army,
then went out to meet the French.
A baltic was fought in the town-of-Etta, l.
miles from lRajaca. The Frcnch army was
repnlscd with great loss. Three furious
assaults were made the French. The news
of the battle produced, in the. city Of Mexico,
very great excitement, and General Draz'ne
was about leaving the: city, taking with him
large rcinforccments Of mon and artillery, 70
old his defeated army. ,,,k.'~ ~.
The Republican Generals ortega and Eli.
rary, were attacking Gerila, the. capital OF
The State Of Michracan, and at last accounts
II was stated that the city had been taken oy
them.
The French court-martinls continue shoot
inc all persons who are not in favor of'the
intervention, under the pretense that thcy are
r. bbcrs, and about two hundred men were
shot every day, in that part Of the republic
occupied by the Imperiali'ts. o., ........
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
FROM NASHVILLE.
Slavery Abolished In Tennessee.

NAsuv,LLE, Jan. l3.-Tonnesscc is "frcc
Tonight, after three days Of earnest and thor
oush but patient and good-tcmpcred debate
the resolution declaring slavery forever nbo-
ished and prohibited throughout tao State,
was passed without one dissenting voice, and
with the mos, enthusiastic applause. lu adj
d,ion to this, the Convention passed vote
prohibiting the Legislature from recognizing
the RICH, Of property i" man, 'OrIidding il,
from requiring compensation to be made to the
owners, abrogating the declaration OF State
independence, the Military League made in
1861 with the Confederate States and all laws
and ordinances made in pursuance OF them.
All officers appointed by. the acting Cover
nor. since hts accession to Office, arc confirmed.
The propositions nrc to he submitted 10 tho
people for ratification on the 22d of February,
anil on the 18th Of March an election IS to he
he'll FOR Governor and Legislature. Nearly
IN: delegates participated i" the final vote
The greatest harruony and soo4,ice'n& pre-
v..il.,i ,h,ouS bout. r&rsOn ircwE!o~ is r."
unanimous choice OF the Convention for TIE
next Governor.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
From Savannah.

The Now York papersihavc tho following
items Of news from Savannah:
General Geary Ind ordered all unemployed
negroes to report themselves for tho purpose
Of obtaining wood for the city. Compensation
and .ations 10 he furnished. The RtpHIteo,
says several Northcrn capitalists nrc il Tho
ci.y to- establish til" FRS, National Ennk o.
Savannah. branches OF first class commcr
cal hor5cs. "a lew York. boston and Philai
.:slyn;a. are 20 b2 established ns soon M III,
}o., IS op"ncd rr;ces Of provisions hav'
been established by tho Provost Marshal
Potatoes 50 per Dbl. butter 75c. per h.; MP
pies Sl2 pcr bbl. The Arago brought heay.
mail from Savannah.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
Congressional.

On the 7th inst Mr.. Grinnell introduced
resolution ins,ruc,ng the Com'nittce on Mill
,ary Affairs 10 report at an early time, on the
expcdiency OF u law 10 conhscatc ~ much OF
tho property Of couscrip,s, who have failed to
report for duty, as will secure soldiers in their
stead.
On motion Of Mr.. Wilson, the joint rcsnlu-
ton freeing the wives and children of colorcd
soldiers, was taken up. He said the resolu.
ton would emancipate 100000 women and
children. The resolution wHs passed-yeas
81, nays 10.
Oh {hc 9th inst. Mr.. Sherman presented q
memorial of the President Of the Refugee
Relief Commission Of Ohio, asking for an ap-
preparation OF money for the support Of South
.ern refugees. Mr.. Sherman snid there were
thousands Of loyal refugees IN the cities OF
Cincinnati. St. Louis aud Louisville, AID their
coalition was leplorablc. Not less than loo''
900 white people had hoen rendered homeieSs
and were scattered through the South BY the
fortunes OF war; he thought Congress ought
70 10 something in the matter, but he d;d not
believe an appropriation Of money would be
the most judicious means Of relieving them.
He thought the government ought TO give them
work TO do for tho army-mnnuthcture OF
clo,binc &C., or law might be passed giving
them the use Of the lands subject 10 conHsc".
ton. lie wished the memorial TO be referred
to the Committee Oh Public Lands: and 1t WAS
so referred. o..
Several day. ago the Committee on .J"d'e'-
s-y was instructed to inquire il further les's-
latiou was necessary to enable tho fres'ue".
to call an extra session OF Congress, 10 ".ee'
tho necessity Of any public emergency, with
GU. tho delay Of giving sixty days notice to
the members elect. The Committee were since
discharged from tho consideration OF the sub
i.ct. az no law could be found requiring the
President to give any notice whatever.
The House, on tho 18th inst. postponed the
constitutional amendment until tho sSlst OF
thi, month, when tho vote win be taken gu It
without debate. The friends Of the~measnrc
adopted this course in the belief that " eoHlu
not BE- passed q. the present time, and that
the delay would give it strength. -
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
The Latest News.

Moseby .ia reported rapidly recovering.
Kilpstrick has seized Hardeeville on the
Charleston and South Carolina railroad. =,
Many Of tho citizens of Savannah have
taken the oath Of allegiance. -;3..a- :..s.@
The remnant Of Prices army is OF Doggy
Depot, on Red River. Desertions are numer-
Gus and tho country filled with stragg!ers.
No new military operations have taken
place recently in the Shenandoah Valley.
The inhabitants are suffering for food. O.,
Sherman has given the.citizcns Of Savannah
70 DO balanced in Confederate paper.
Tho TriIun. says the Blairs nre not clothed
with any authority by tho government, but
20 to see what can be done in the way Of
peace. ...-. ... ...
Resolutions were introduced in both
branches Of the Kentucky Legislature last
Friday week for the immediate abolition OF
slavery.
It is rumorod that the authorities Of the
State Of Georgia arc DESTROYS Of bringing TINT
State back into tho Union and that Sttnton's
visit to Savannah has something 10 do with
tho matter. ... ..,...., -....
Tho Durbridge and Gillem raid in South
western Virginia, destroyed the lead mines,
salt works, Fifty foundrics, one hundred miles
of railroad, fifteen locomotives, three hundred
car, aud vast amount Of other property.
II is snii Admiral Porter wns expected to
run past Fort Fisher and cut OF its commun-
ica.ions and prevent the arrival Of reinforce
mcn,s, but lie refused TO do this and the for;
eoulI not otherwise be taken.
General Sheridan destroyed large aa. oru;
Of property and arrested n number "i >'ccs
sionis,s in the ncighhorhood Of uppcrvillc and
Midileburg in the Shenandoah valley on the
9th ult. s, = + -
Hoods army crossed the Tennessee river on
the 24th ult. with eight pieces Of artillery and
about eighteen thousand men. The official
lis. Of prisoners captured from Hood numbers
Abou, ten thousand. The CAMPAIGN in Ten
ne.s.e is ended. It is said that Hood is going
TO Meridian to reorganizc.
\ convention is in session at Nashville for
the purpose Of recognizing the State govern.
ment. Parson Brownlow and Horace May
nnrd are in attendance. II will be seen by
dispatches, that they have declared Tennessee
free, and nominated Parson Brown!ow Tor
Governor.
The IIerald's Shenandoah special says jeff
Davis recent orders 10 .MoSeby were TO take
no more prisoners. Every northern man,
whether soldier or civilian. falling into his
hand. was to be killed. AIoseby's command
va, 10 be raised to eight battalions, OF four
companies each, and scattered through the
mountains. Signal stations are to he located
iu the mountains, and . complete signal code
established.
During the last Ave days 3ST dcscr,crs from
Lees army have come into General Grants
lines. The majority Of them were Gcorginns,
Tennesscans and North Carolinians. Eigh.
teen men were executed at Petersburg in on"
day last week, for attempting TO dcser,
through our liues. Thousands are deferred
from coming over on account OF the extreme
rigor Of the rebel authorities in this respect,
Cases Of attempted descr,on are tried by
drumhcad cour, martial, and instant death is
tho punishment inflicted.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
Escape Of Hood Across the Ten.

correspondence Srw fork Tine,.]

HUNTSVILLE, Ala, Jan. s, s..
The Tennessee campai gn il at M end. Tie
las; OF Hood army CROSSED The Tennessee
r.ver, near Browns Ferry, o" The 29;h u:.
w;;n c:sit pieces 81 a!:..itrj ":ia ah4Hl
:: c:.:cca i;;cHSsal :h"a. he !c!t MACON with
1872 slca, ani NAB !s.i:H"cr, Vs.: 'hcr:.s' J..
cayriry .ui Il PORTO" o. Dick Thyio:'s corps.
swelling his force 10 fully 10000 men arni ] III
picccs OF artillery. With this force he march
cd on Nashville. After the battle Of Nnsh-
willie both armies i0uudercd in mud for ten
days. Great cxer,ionS were made by Gen.
Thomas to capture the whole rebel army, but
the elements and the dcctuess OF Hoods iu-
fan,ry, and the valor Of Forests cavalry
foilcd them. From tho l1,h until tho 229,h
Wilson and Forrest were continually Skin.
mishinS, the weight Of tho success being in
our favor. The infantry, in the meantime,
would crawl away short distance every
night, and tho cavalry oppose us boldly DUR
ing the daylight. On the 2ith Gen. Stcedmnn
was sent across the river At Decatur but
Hood retired By the Florence and Lawrence
hurgh roads to tho north. Here the gunboat,
would have materially injured Hood, but the
latter suddenly went TO the left, and succeed.
ed during the night in crossing the river. 1t
is believed thut Hood has buried and thrown
into tho river ut least 80 pieces Of artillery, as
We have IS pieces, and it is known that he
got awAy with but two batteries. 1t is also
known that he had 10 pieces in front Of
Franklin. Hood abandoned large number
Of wagons md ambulauces, the horses being
needed TO assist in the movement Of his pon.
,oon bridge. Rhoddy's cavalry brought up
the rebel rear guard, and on the morning Of
the 9th had brilliant encounter with Gen.
Wilson's forces, in which the former lost over
live hundred prisoners. Our official list oil
prisoners, Mt the Provost MarShalls office, not
including the last five hundred, is 9,IUO.-
Over 800 descr.ers hive also reported. Hood
is going down to Mindcn, where lie WI, no
doubt, endeavor to reorganize his forces
There can be no question but that his army
has sustained the most crushing defeat and
route Of the war. The chase has been nhan-
doncd in force, although Stccdman is across
the river with orders TO harrass him and cap.
ture rs much material rs possible. I will
state that n new campaign has been already
projected, and the respective corps Of Wood,
Smith und Schotrld arc already moving. The
Tennessee campaign, However, is ended.
BESJAMIS c. TRUMAN.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
NEWS FROM THE SOUTH.
JEFF. Davis ouarreNnS with Cotton State
Governors - Consolidation Of Rebel


Governors - Consolidation Of Rebel
Armies, &c. '-'& s. 50 ~-'-----,--'-
New York, Jan. 10.
A quarrel between JEFF Davis and Gov.
Clarke, Of Mississippi, has arisen, in regard
to the State troops recently called out by tic
Governor to oppose ,Davidsons raid. Davis
insisted md demanded thnt these troops DC
turned over'to tho Confederate Government.
Clarke refuses compliance, and says he ia
determined TO command, and control them as
Commander-in-Chief of the Mississippi mill.
tic. y ..' - +, -,
Governor Watts, Of Alabama, also disputes
Davis right TO decide who are .cxempts in
Alabama, and in reply says, ministers, drug.
gists, and the press are TO be considered
exempt. ..... 49, t5iEs -
The lower house of tho rebel Congress has
been engaged for several days in discussing
the question Of the consolidation Of the army
1t appears generally admitted by rebel Con.
gressmcn that o necessity for consolidation
exists, and the debate is on tho adoption O!
plan. A perfect hitch exists on the question
whc her the officers. for tao consolidated
organizations shall be elected by tho men OF
selected by Gen. Lee. . .....-. e.
Miles, Of South Carolina. backed by the
rebel .frc-ea,crs, favors the movements tc
make Gen. Lec dictator by giving him full
power TO appoint the officers for the entire
army. Tho movement is opposed by the con-
sentative members, who favor the appointment
Of n board Of examination to decide on the
merits Of the officers. Up to tho ndjourumcn,
on the 9th, no decision had been made. 49,.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
Sherlnan's Movements.

The Wing Of Tuesday, Jan. Q, says:
Tho telegram from Sherman communicates
1. repor, which we have anticipated LOT
several days-it is that Sherman has sent an
army corp; 10 Beaufort. to cooperate WIN
the columa now moving on. Grahamsviite:-
Indeed, ws4'ad supposed that in executing SO
the movement against either Charleston OF
Branchville, he would have sent his troops
around to Broad River, instead OF marching
them on the liuc Of Railroad from Savannah
The column whose advance appears near
Grahamsyil!e seems to DO moving slowly"
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18

NEW YonE IN A Fnr.-rhe excitement in
New York. owing to the Provost Marshal Gem
erals order that ACCOMPLISHMENTS previous to
the 10Th Of December are to be credited on
quotas under the last call, has been very
great. If the order remains unmodi6ed this
city will be compelled to raise $4,000 men IN.
s:ead Of 1000 ~ previously announced.
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18
N. P. FENNER;ra -
Merchant Tailor.

Second st., GALLlPOLlS, o.,
IIAs JUST RECEIVED .nc OF the finest and best
II selected stocks OF goods ever brought {: that CITY,
Domestic Of all STYLES ard Kids. vettnrI, Silk Velvet
ard Cashmere, Of every description overeoatinS', N
great variety, which he will make 10 order on short no
lice and in the best style OF workmanship. - -
He han also on haud fine clock Of - go
RUADY-MADE CLOTHING.
Of all kinds and qualities The KHolHsAH AID RETAIL
rr,dc x,nnied on the most favorable terms. q .
AZ his store Will be found hne assortment Of 90.
us. a. Military Goods, 80;
Embr, Ing Revolvcrs, Swords Belts, Shoulder Bands,
Bullion and Metallic Hat EaSlos and Cords, &c.
BID Officers Uniform s1lts mace % 0'ae', on .TSs'
notes. 80, NV ~
The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-01-18

Tho Richmond Whs thinks thnt England
will not interfere in American affairs because
she has no vessels which could cope Win Inc
Iron-clads Of tho United ststes Navy
The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1865-08-22
Can We Bear Our National Debt? ?

A great deal has been said and writ
ten on this subject, and a large portion
of the arguments in the affirmative
have been drawn from the history of
the national debt of England. But
we have met with nothing more forci-
bic than the following extract from the
article in the Encyclopedia Britannica
upon "Taxation,"
",The market rate of interest, which is
'always proportional to the customary
srato of profit, is usually about twice
rs great in the United States as in
England. One million of capital en-
tployed in America must therefore bc
'about as productive-that is must
yield about as large an ANNUAL income
s-as two millions are employed in this
Country, And hence it is obvious
& that if taxation, as compared with the
amount of capital, were the same il
both countries, it would, as compared
!. with the profits or revenue derived
from that capital, be about twice a
heavy in England as in America"
Here we have the admission of al
able English writer prior to our war
that property in the United States Z
able to bear ttoics as heavy a tar upon III
same volu1t;on, as property in Engidsd
Our debt is less than three-fourth
what the English national debt is, am
less than two thirds what that deb
was, at a time when the wealth Of tn
British Islands was less than the pres
ent wealth of the United States. Ac
cQrding to this British authority, there
fore, after making due allowance 70
: the difference between the rates of il
, terest paid by England and the Unite
States, we shall be enabled to meet tn
, interest upon our national debt withp'
being taxed half rs heavily as the pee
> pie of England have been in porpo
ton to our ability to bear taxation.