"It is miserable to have to look at the immense pile of packages
in the warehouse at St. Andrews Wharf, and not be able to send
anything--only read the following: twenty-five thousand rifles;
two thousand barrels of powder; five hundred thousand caps; ten
thousand friction-tubes; five hundred thousand cartridges;
thirteen thousand accoutrements; thirteen thousand knapsacks;
thirteen thousand gun-slings; forty-four thousand three hundred
and twenty-eight pairs of socks; sixteen thousand four hundred
and eighty-four blankets; two hundred and twenty-six saddles;
saddlers' tools; artillery-harness; leather, etc. Very truly
yours,
"Caleb 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.
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