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efore¡¡they¡¡have¡¡levied¡¡a¡¡shilling¡¡on¡¡themselves¡¡toward¡¡the¡¡payment¡¡of¡¡those¡¡expenses¡¡for¡¡which¡¡the¡¡debt¡¡has¡¡been¡¡encountered¡£¡¡¡¡But¡¡this¡¡argument£»¡¡even¡¡if¡¡it¡¡were¡¡true¡¡in¡¡its¡¡gist£»¡¡goes¡¡no¡¡way¡¡toward¡¡proving¡¡that¡¡the¡¡Americans¡¡will¡¡be¡¡unable¡¡to¡¡pay¡£¡¡¡¡The¡¡population¡¡of¡¡the¡¡present¡¡free¡­soil¡¡States¡¡is¡¡above¡¡eighteen¡¡millions£»¡¡that¡¡of¡¡the¡¡States¡¡which¡¡will¡¡probably¡¡belong¡¡to¡¡the¡¡Union¡¡if¡¡secession¡¡be¡¡accomplished¡¡is¡¡about¡¡twenty¡­two¡¡millions¡£¡¡¡¡At¡¡a¡¡time¡¡when¡¡our¡¡debt¡¡had¡¡amounted¡¡to¡¡six¡¡hundred¡¡millions¡¡sterling¡¡we¡¡had¡¡no¡¡population¡¡such¡¡as¡¡that¡¡to¡¡bear¡¡the¡¡burden¡£¡¡¡¡It¡¡may¡¡be¡¡said¡¡that¡¡we¡¡had¡¡more¡¡amassed¡¡wealth¡¡than¡¡they¡¡have¡£¡¡¡¡But¡¡I¡¡take¡¡it¡¡that¡¡the¡¡amassed¡¡wealth¡¡of¡¡any¡¡country¡¡can¡¡go¡¡but¡¡a¡¡very¡¡little¡¡way¡¡in¡¡defraying¡¡the¡¡wants¡¡or¡¡in¡¡paying¡¡the¡¡debts¡¡of¡¡a¡¡people¡£¡¡¡¡We¡¡again¡¡come¡¡back¡¡to¡¡the¡¡old¡¡maxim£»¡¡that¡¡the¡¡labor¡¡of¡¡a¡¡country¡¡is¡¡its¡¡wealth£»¡¡and¡¡that¡¡a¡¡country¡¡will¡¡be¡¡rich¡¡or¡¡poor¡¡in¡¡accordance¡¡with¡¡the¡¡intellectual¡¡industry¡¡of¡¡its¡¡people¡£¡¡But¡¡the¡¡argument¡¡drawn¡¡from¡¡that¡¡comparison¡¡between¡¡our¡¡own¡¡conduct¡¡when¡¡we¡¡were¡¡creating¡¡our¡¡debt£»¡¡and¡¡the¡¡conduct¡¡of¡¡the¡¡Americans¡¡while¡¡they¡¡have¡¡been¡¡creating¡¡their¡¡debtduring¡¡the¡¡twelve¡¡months¡¡from¡¡April¡¡1£»¡¡1861£»¡¡to¡¡March¡¡31£»¡¡1862£»¡¡let¡¡us¡¡sayis¡¡hardly¡¡a¡¡fair¡¡argument¡£¡¡¡¡We£»¡¡at¡¡any¡¡rate£»¡¡knew¡¡how¡¡to¡¡tax¡¡ourselvesif¡¡only¡¡the¡¡taxes¡¡might¡¡be¡¡forthcoming¡£¡¡¡¡We¡¡were¡¡already¡¡well¡¡used¡¡to¡¡the¡¡work£»¡¡and¡¡a¡¡minister¡¡with¡¡a¡¡willing¡¡House¡¡of¡¡Commons¡¡had¡¡all¡¡his¡¡material¡¡ready¡¡to¡¡his¡¡hand¡£¡¡¡¡It¡¡has¡¡not¡¡been¡¡so¡¡in¡¡the¡¡United¡¡States¡£¡¡¡¡The¡¡difficulty¡¡has¡¡not¡¡been¡¡with¡¡the¡¡people¡¡who¡¡should¡¡pay¡¡the¡¡taxes£»¡¡but¡¡with¡¡the¡¡minister¡¡and¡¡the¡¡Congress¡¡which¡¡did¡¡not¡¡know¡¡how¡¡to¡¡levy¡¡them¡£¡¡¡¡Certainly¡¡not¡¡as¡¡yet¡¡have¡¡those¡¡who¡¡are¡¡now¡¡criticising¡¡the¡¡doings¡¡on¡¡the¡¡other¡¡side¡¡of¡¡the¡¡water¡¡a¡¡right¡¡to¡¡say¡¡that¡¡the¡¡American¡¡people¡¡are¡¡unwilling¡¡to¡¡make¡¡personal¡¡sacrifices¡¡for¡¡the¡¡carrying¡¡out¡¡of¡¡this¡¡war¡£¡¡¡¡No¡¡sign¡¡has¡¡as¡¡yet¡¡been¡¡shown¡¡of¡¡an¡¡unwillingness¡¡on¡¡the¡¡part¡¡of¡¡the¡¡people¡¡to¡¡be¡¡taxed¡£¡¡¡¡But¡¡wherever¡¡a¡¡sign¡¡could¡¡be¡¡given£»¡¡it¡¡has¡¡been¡¡given¡¡on¡¡the¡¡other¡¡side¡£¡¡¡¡The¡¡separate¡¡States¡¡have¡¡taxed¡¡themselves¡¡very¡¡heavily¡¡for¡¡the¡¡support¡¡of¡¡the¡¡families¡¡of¡¡the¡¡absent¡¡soldiers¡£¡¡¡¡The¡¡extra¡¡allowances¡¡made¡¡to¡¡maimed¡¡men£»¡¡amounting¡¡generally¡¡to¡¡twenty¡­four¡¡shillings¡¡a¡¡month£»¡¡have¡¡been¡¡paid¡¡by¡¡the¡¡States¡¡themselves£»¡¡and¡¡have¡¡been¡¡paid¡¡almost¡¡with¡¡too¡¡much¡¡alacrity¡£¡¡I¡¡am¡¡of¡¡opinion¡¡that¡¡the¡¡Americans¡¡will¡¡show¡¡no¡¡

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