nd its highest interest in such a
measure, as one of the most efficient means of self preservation.

"The leaders of the existing Insurrection entertain the hope that this
Government will ultimately be forced to acknowledge the Independence of
some part of the disaffected region, and that all the Slave States North
of such part will then say, 'the Union for which we have struggled being
already gone, we now choose to go with the Southern Section.'

"To deprive them of this hope, substantially ends the Rebellion; and the
initiation of Emancipation completely deprives them of it, as to all the
States initiating it. The point is not that all the States tolerating
Slavery would very soon, if at all, initiate Emancipation; but that,
while the offer is equally made to all, the more Northern shall, by such
initiation, make it certain to the more Southern that in no event will
the former ever join the latter in their proposed Confederacy. I say,
'initiation,' because in my judgment, gradual, and not sudden
Emancipation, is better for all.

"In the mere financial or pecuniary view, any member of Congress, with
the census tables and Treasury reports before him, can readily see for
himself how very soon the current expenditures of this War would
purchase, at fair valuation, all the Slaves in any named State.

"Such a proposition on the part of the General Government sets up no
claim of a right by Federal authority to interfere with Slavery within
State limits, referring, as it does, the absolute control of the subject
in each case to the State and its people immediately interested. It is
proposed as a matter of perfectly free choice with them.

"In the Annual Message last December, I thought fit to say, 'the Union
must be preserved; and hence all indispensable means must be employed.'
I said this, not hastily, but deliberately. War has been made, and
continues to be an indispensable means to this end. A practical
reacknowledgment of the National authority would render the War
unnecessary, and it would at once cease. If, however, resistance
continues, the War must also continue; and it is impossible to foresee
all the incidents which may attend, and all the ruin which may follow
it. Such as may seem indispensable, or may obviously promise great
efficiency toward ending the struggle, must and will come.

"The proposition now made, though an offer only, I hope it may be
esteemed no offense to ask whether the pecuniary con