Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1866-03-31


try has decided it must be done. The
only question is, how shall it Do done,
without greatly increasing our already
enormous public debt The probable
plan is this !: The amount required is
yariously estimated from Sl5o,GOO,G00
to $500, 100000. The true amount will
be not far fiom an average Of these, or
about $3.50, 100000. The present num-
Der of pounds of cotton raised in the
United States is about 400 600, 900. A
tax of three cents per pound on this wo'd
give a revenue of $l2, 100000 annually.
This in twenty years would give $780,
100000. Let the United States issue
bonds bearing interest, payable in coin,
and redeemable in twenty years, for the
amount required, $3.50, 900, ooo,) and
tax cotton, ih addition to other taxes
thereon, three cents per pound, which
revenue so derived shall be set apart for
the redemption of the bonds when they
become due. This would accomplish
the desired object without any addition
to our National debt.
Another advantage of this plan is this:
For reason which l will now state, the
manufactures of Great Britain are COM
PEELED 10 get their cotton Of us. The
producer would put the amount of the
tax upon bis former price for the staple,
which, of course, Johnny Bull .woald
have to pay, thus being compelled, in
directly, to indemnify us for damages
done by the Alabama, and we using the
money to pay our soldiers, against whose
operations he worked SO covertly, yet SO
vigorously. Europe must buy of us for
this reason : Reports show that Egypt,
Northern Africa, and elsewhere, where
cotton raised, cannot furnish it to Europe
at less price than so cents per pound.
So long as we can furnish it at less rate,
they cannot compete with us, and their
(Europe's) supply will be taken from
us. Statistics prove that we can raise it,
and make money too. at six cents per
pound, thus leaving margin to impose
considerable tax, and yet be able to un.
dersell other countries. Our cotton all
goes to Europe, except about one fourth
retained fer our use, and gives employ
nent to about 100000 people there.
The bountes will be equalized upon q
basis of Is dollars per month, giving
500 for each years service. Officers
who were promoted from the ranks, will
be entitled to the above rate for the time
thew served as enlisted on.
Our Nj. C.'s are ms fond of joking as
anybody. Dumont, of Indiana, recently
told the following. Whether TO Illus
trate some point, or TO give variety to his
speech, could not determine
Two blacks. Cato and Sambo, by some
strange freak of liberality on the part of
their master, were allowed to take his
guns and go bear limiting. Exceeding
ly elated at tie long steps they had been
allowed towards equality, (slaves were
never allowed to carry arms they stalk
ed forth. Soon finding a bear-track, they
followed it backwards to a hollow
fallen tree. After mature council and
sharp reconhoitering, they concluded
some young cubs were there in the tree,
and began to devise means to capture
them. Cato proposed that he shonld
crawl in and get them, while Sambo
stood sentinel at the entrance to repel
Bruins attack, in case he should come
back. This being agreed to, in Cato
went. Soon Bruin camc back, and not
withstanding Sambo's evolutions. got by
him, aud sprapg into the entranee.-
Sambo caught her by the tail, and bra
cling back, held her from going in, in
spite of her strenuous efforts. Cato,
hearing the struggle. and fearing some
thing was wrong, called out, " Halloo,
Sambo. What de trouble out dar o.
What darken de hole T. Sambo, strag-
Cling with might and main. gasped out,
"Mighty warm times out here; if dis
tall-hold break you find out d--m quick
what darken de hole" s.
ET BY letter from Senator FUL-
ton, we learn that by the new appor.