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The Daily Dispatch: August 3, 1861., [Electronic resource], Not killed. (search)
to induce the capitalists to take loans, by the liberality of the rate of interest and by the ample guarantees of their ultimate repayment. He earnestly asked gentlemen not to evade the responsibility of the occasion, but to come boldly forward to the support of the country, which must else go into bankruptcy. The system of taxation proposed to be introduced is one which will last for many years, and whatever defects may be discovered in the present bill could be remedied in time. Mr. Egerton, of Ohio, opposed the bill chiefly on the ground that while the lands of the farmers, which pay but three per cent., were pledged to the payment of the expenses of the war, the wealth of stock-jobbers, of merchant princes and of commission merchants, bringing in not less than ten per cent. profits, was exempted. The common sense of the people would, he was sure, revolt against the bill. Better that the country should temporarily become bankrupt than that so odious a bill should pass. L