. The First Regiment New Hampshire Volunteers in the Great Rebellion: containing the story of the campaign; an account of the "Great uprising of the people of state," and other articles upon subjects associated with the early war period .. . - Department. Still, as the war progressed, expenses greatly in-creased and exigencies frequently occurred. Conse-quently there was repeated resort to loans, bonds andgreenbacks. There seemed to be no other expedientto meet immediate demands whatever might be the finaloutcome. Another source of income was taxation. Towardsthe last of 1861, the Secretary br
. The First Regiment New Hampshire Volunteers in the Great Rebellion: containing the story of the campaign; an account of the "Great uprising of the people of state," and other articles upon subjects associated with the early war period .. . - Department. Still, as the war progressed, expenses greatly in-creased and exigencies frequently occurred. Conse-quently there was repeated resort to loans, bonds andgreenbacks. There seemed to be no other expedientto meet immediate demands whatever might be the finaloutcome. Another source of income was taxation. Towardsthe last of 1861, the Secretary brought this subject tothe attention of Congress and the result was a law in-creasing the tax on all imports, especially luxuries, andon most home productions, on stocks and GENERAL R. N. BATCHELDER,QUARTER-MASTER GENERAL U. S. ARMY. FIR S T NE W HA MPSHIRE. 365 bank circulation and dividends of insurance companies,and also on incomes exceeding $800, which act passedinto etiect Jan. i, 1862. Another revenue Act was passed this session, whichprovided for obtaining the property of those who shouldaid, abet or promote the insurrection or resistance to thelaws, or of any person or persons engaged therein. Such were the principal expedients adopted to supplyfunds for prosecuting the war. Sometimes the meas-ures suggested by Mr. Chase met the approval ofothers ; quite as often they were antagonized, necessitat-ing long delays and many compromises and modifica-tions before practical results were reached. It became apparent very early in the war that neitherthe government nor business could be adequately servedwith specie, and it was withdrawn from circulation. OnDec. 28, 1861, the banks voted to suspend specie pay-ment, and very shortly little or. none was seen
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