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Browsing named entities in Rebellion Record: a Diary of American Events: Documents and Narratives, Volume 8. (ed. Frank Moore). You can also browse the collection for July, 1861 AD or search for July, 1861 AD in all documents.

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owing thirty millions of dollars on bonds. The tariff was revised, and preparatory measures taken to enable the Congress to levy internal taxation at its succeeding session. These laws were passed in May, and the States of Virginia, North-Carolina, Tennessee, and Arkansas, having joined the Confederacy, the Congress adjourned to meet in the city of Richmond in the following month of July. Prior to the assembling of your predecessors in Richmond, at their third session, near the end of July, 1861, the President of the United States had developed, in his message, the purpose to make the contest a short and decisive one, and had called on Congress for four hundred thousand men, and four hundred millions of dollars. The Congress had exceeded the Executive recommendation, and had authorized the levy of half a million of volunteers, besides largely increasing the regular land and naval forces of the United States. The necessity thus first became urgent that a financial scheme should b
owner. In this respect, forfeitures under that act have more resemblance to cases of prize of war captured at sea as enemy's property, than to proceedings under the acts of August, 1861, and July, 1862. Such forfeitures are enforced, not so much to punish the owner for disloyal acts, as to prohibit commercial intercourse, and to weaken the public enemy, which are always efficient instruments and legitimate effects of public war. But although the remissions of forfeitures under the act of July, 1861, are thus not within the scope of the proclamation of pardon, still ample power is conferred on the Secretary of the Treasury by the eighth section of that act to mitigate or remit all forfeitures and penalties incurred under the act. And it is not to be doubted that in all proper cases under that act, where the owner of the property, residing in the territory in rebellion, complies with the conditions of the proclamation, that the Secretary of the Treasury will exercise the power of remis