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We are under the deepest obligations to him. venerate him for his services to the Union.

We

We

love him for his affection to our country, and I hope that you will give him your hearty thanks for his kindness in presiding upon this occasion. (Loud and continued cheering.)

MR. CHAIRMAN.-Ladies and Gentlemen, I thank you all my countrymen, but infinitely more my country-women, for the indulgent kindness with which you have received the few words which have been announced to you in favour of my poor and humble services. I can only say to you, I have no sentiment, no wish, no faith-beyond that embraced in the success of the American Union. In that I feel all that is dear to man, but especially all that is dear to woman is included. Whilst our men have contributed much to maintain the American Union, although they have offered up their lives upon the battle-field-have suffered in rebel dungeons -have endured all that man can suffer in such a struggle as this, I feel that without the aid, the smiles, and encouragement of the ladies, we could have done nothing. If, therefore, as we all believe, the American Union shall be preserved for the benefit of our country, and mankind, more, infinitely more-far beyond anything that pen can write, or tongue can speak, will be due to the loyal ladies of America. It is they who urged us on to conquer or die for our country. It is they whose inspiration cheered us on

to victory, rallied the faltering column, or sustained us in defeat. Without their aid we could never have had a million of volunteers for this contest. It is they who solaced the captive, nursed the wounded soldier; they who smoothed the pillow of death, and received the last sigh of the departing spirit, as it rose to the bosom of its God. Then, as a farewell toast, with all my heart, with all the thoughts it can breathe, and all the sentiments it can utter, I give "The Ladies of America." God bless them! (Prolonged applause.)

FINANCES AND RESOURCES.

LETTER

No. I.

OF

HON. ROBERT J. WALKER, M.A.

COUNSELLOR AT LAW IN THE SUPREME COURT OF THE UNITED STATES, LATE LAW REP. MI., SENATOR OF THE UNITED STATES, SECRETARY OF THE TREASURY, COMMISSIONER TO CHINA, GOVERNOR OF KANSAS, ETC., ETC.

LONDON: WILLIAM RIDGWAY, 169, PICCADILLY, W.

1

AMERICAN

FINANCES AND RESOURCES.

LETTER No. I.

London, 10, Half Moon Street, Piccadilly.
August 5, 1863.

THE question has been often asked me, here and on the Continent, how has your Secretary of the Treasury (Mr. Chase) so marvellously sustained American credit during this rebellion, and when will your finances collapse? This question I have frequently answered in conversations with European statesmen and bankers, and the discussion has closed generally in decided approval of Mr. Chase's financial policy, and great confidence in the wonderful resources of the United States.

success.

Thus encouraged, I have concluded to discuss the question in a series of letters, explaining Mr. Chase's system, and stating the reasons of its remarkable The interest in such a topic is not confined to the United States, nor to the present period, but extends to all times and nations. Indeed, finance, as a science, belongs to the world. It is a principal branch of the doctrine of "the wealth of nations," discussed, during the last century, with so much

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