s purchased that could not be shipped in 1861.--Letter of Mr. Huse.

CHAPTER XIII.

Extracts from my Inaugural.--Our Financial System: Receipts and
Expenditures of the First Year.--Resources, Loans, and Taxes.--Loans
authorized.--Notes and Bonds.--Funding Notes.--Treasury Notes guaranteed
by the States.--Measure to reduce the Currency.--Operation of the
General System.--Currency fundable.--Taxation.--Popular
Aversion.--Compulsory Reduction of the Currency.--Tax Law.--Successful
Result.--Financial Condition of the Government at its Close.--Sources
whence Revenue was derived.--Total Public Debt.--System of Direct Taxes
and Revenue.--The Tariff.--War-Tax of Fifty Cents on a Hundred
Dollars.--Property subject to it.--Every Resource of the Country to be
reached.--Tax paid by the States mostly.--Obstacle to the taking of the
Census.--The Foreign Debt.--Terms of the Contract.--Premium.--False
charge against me of Repudiation.--Facts stated.

CHAPTER XIV.

Military Laws and Measures.--Agricultural Products
diminished.--Manufactures flourishing.--The Call for Volunteers.--The
Term of Three Years.--Improved Discipline.--The Law assailed.--Important
Constitutional Question raised.--Its Discussion at Length.--Power of the
Government over its own Armies and the Militia.--Object of
Confederations.--The War-Powers granted.--Two Modes of raising Armies in
the Confederate States.--Is the Law necessary and proper?--Congress is
the Judge under the Grant of Specific Power.--What is meant by
Militia.--Whole Military Strength divided into Two Classes.--Powers of
Congress.--Objections answered.--Good Effects of the Law.--The
Limitations enlarged.--Results of the Operations of these Laws.--Act for
the Employment of Slaves.--Message to Congress.--"Died of a
Theory."--Act to use Slaves as Soldiers passed.--Not Time to put it in
Operation.

APPENDIXES.

[Transcriber's Note: There is no Appendix A.]

APPENDIX B.

Speech of the Author on the Oregon Question

APPENDIX C.

Extracts from Speeches of the Author on the Resolutions of Compromise
proposed by Mr. Clay

On the Reception of a Memorial from Inhabitants of Pennsylvania and
Delaware, praying that Congress would adopt Measures for an Immediate
and Peaceful Dissolution of the Union

On the Resolutions of Mr. Clay relative to Slavery in the Territories

APPENDIX D.

Speech of the Author on the Message of the President of the United
States, transmitting to Congress t