Wen I sed this, I see he didn't look pleased at all. He began to make sum sort of apologies, that the ackounts were behindhand, and so on, but I telled him I warn't partickelar about all the little items, an that I only wanted to get at the ginneral sum; but as he still seemed to be hesitatin, thinks I to myself, now's the time to show him the President's letter—that will fix him, sure. So I took off my hat and showed it to him. Wen he red it he was as perlite as a nigger wen he wants to humbug you. He looked at it a long time before he sed enything. Wen he did speak, ses he, "Majer, what do these last words 'in partickelar' mean?" "Wal," ses I, "I don't know as I can tell. The President put 'em in there, and I didn't ask him what he meant by 'em." You see, I warn't goin to be fool enough to let him think I had suggested his putting 'em there, for that would have spoilt all my plans. I see he was worried, an that was jest what I wanted.

After that he asked me to come in his office, and he began to tell me that the financies were in a very prosperous condishun. He took down a big book which he sed his clarks had prepared for him, so that he could see every Saturday night jest how much the Government was in debt. I took a look at it, but I couldn't tell head nor tail to it. He sed they kept their books by dubbel entry. I telled him that I should think that a single entry would be as many times as such a debt as ours ought to be chalked down. "Now," ses I, "Mr. Seckatary, I want to get at this subject in a way that 'plain people,' as the Kernel says, can understand it." Ses I, "What is the debt now?" "Wal," ses he, "it is $491,000,000." "Is that all?" ses I. "Why, in your report last winter you estimated that it would be $517,000,000, and you don't say that it is less than the estimate." "Wal," ses he, "Majer, that is what the books say." "Now," ses I, "Mr. Seckatary, them books by dubbel entry ain't worth a peck of saw-dust. There was Deacon Doolittle's son, Hosea, of Downingville, who went to York and set up the dry-goods business. Wen he failed, his books showed that he was worth two hundred thousand dollars, and yet he didn't have money enough to get his wife hum to his father's. You see dubbel entry is a good deal like riding two horses at once; you can't manage 'em, and things get so kinder mixed up in profit and loss, and notes payable and notes receevable, that you can't tell how you stand. Now," ses I, "Mr. Seckatary, I want to ask you some questshins by single entry, and I will put the ansers down on the slate." Ses I, "Didn't you say in your report that the estemate for the army was for 400,000 soldiers, $400,000,000; for 500,000 soldiers, $500,000,000, and so on?" "Yes, Majer, that was the statement, I beleeve." "Wal, now," ses I, "we can figer this down in short meter. How many soldiers have you had?" "Wal," ses he, "over 600,000 have been paid for, nigh about 700,000." "Now," ses I, "Mr. Seckatary, you don't want any dubbel entry, or threbbel entry to get at that; the multiplicashun tabel is just as good a document as I want. Take that and my slate, and I ken figer it up in a minnit. You see, there is $700,000,000 at one slap. Your books may show what you have paid, but you see, Mr. Seckatary, you are running this war on credit, and because you ain't paid all your debts, that is no sign that you won't have to. Besides," ses I, "Mr. Seckatary, you have made, you know, some miscalculashuns, and mebby you may make more. In your first report in July, 1861, I've ben readin it keerfully, and I've got it marked down on the slate here, you sed the expenses for 1862 would be $318,000,000, but in December, you said they would be $543,000,000. Now, here was mistake of over $200,000,000. You sed in July, the tariff would yield $57,000,000. In December you said you could not calculate on over $32,000,000. You estemated the receipts from land sales, in July, at $3,000,000. You cut it down in December to $2,300,000; and now Congress, by passing the Homestead bill, will whittle it all off. Here, you see, are some great mistakes, but there are some on the other side of the account. There are some items of expenses, too, which you have omitted. There's the $30,000,000 recently passed to settle up Cameron's ackounts. Then there is a $100,000,000 of outstandin debts. Then there is $100 bounty to each soldier, which, by the time the war is over will amount to $100,000,000 anyhow. Then there is $1,000,000 given to buy the niggers in this District. Let us see how much that makes. I'll add it up—$250,000,000, which, added to the $700,000,000, makes $950,000,000, as the present debt Uncle Sam has on his shoulders. You might just as well call it a Thousand Million of Dollars and be done with it."

Wen I got through, the Seckatary looked amazin red in the face, and ses he, "Majer, the truth is, where there is so many peopul spendin money its mity hard to keep track of all the items." "Wal," ses I, "there ain't only one more pint on which I want to show you you have made a mistake. In December last, you calkelated that the war expenses for 1863 would be $360,000,000, but the House has already passed bills for the army amounting to $520,000,000. Then you thought, Mr. Seckatary, that the war would be ended by July, but here it is about that time, and we only seem to be jest fairly getting into the shank of the fight."

"Wal, to tell the truth, Majer, this war has disappinted the hull of us, but I think I havn't been so foolish as Seward. I never sed it would end in 'sixty days.'"

"That's so," ses I, "but you see there's nothin like tellin the truth rite out, and its allus very bad to deceive the people on money matters. You may love the niggers, Mr. Seckratary, as much as you want to, but don't try to pull the wool over white folks' eyes, or let other people do it, for it will break down the administration as sure as my name is Majer Jack Downing."

"Wal," ses he, "Majer, that's so, and when I send in my next report, I'm goin to jest speak rite out. I've tried to do my best to keep down expenses, but I can't, and when I get another chance I'me goin to put the blame where it belongs."

Ses I, "That's rite, Mr. Seckratary. Don't let the raskils git clear without bein exposed. But ef you undertake to cover up their tracks, you will come out jest as old Squire Biddle did in that United States Bank matter."

I then bid the Seckratary "good mornin," and started back to the White House. He was very perlite to me, and said he hoped the President and me would look at the subjeck favorably. I telled him that the Kernel would do what was jest rite, and that ef he would only keep a sharp lookout on the plunderers and stealers, I would be his friend till deth. He sed he would, and we shook hands and parted.

Wen I got back Linkin sot in a cheer fast asleep, with his feet up on a tabel. I giv the tabel a rap with my hickory, and the Kernel stratened up jest like openin a jack nife, and ses he, "Was I asleep, Majer?" "Yes, jest as solid as a saw-log. What on arth makes you sleep," ses I, "rite in the middle of the day?" "Wal," ses he, "Majer, the truth is, I was readin the Nashinal Intelligencer!" "Sure enuf," ses I, "that's worse than opium." "But," says he, "what about the finances?" Then I showed him the slate, and how I had figered up the debt, and told him all I sed to Mr. Chase. I never see a man so flustrated as Linkin was. "Wal," ses he, "Majer, ef I was only back to Illinoy safe and sound, you wouldn't never ketch me a runnin for President agin. I had no idee that the debt was anything like this. But ef the music has to be faced, I'll face it. There's one thing, Majer, that we've got the advantage of any other administrashin in. We can say that this debt was a 'military necessity!' That cuts off debate." "Wal," ses I, "Kernel, perhaps the people will be satisfied with that, and perhaps they won't. Any how, that won't make it any easier to pay the taxis." "Wal," says Linkin, "we'll leave that subjec to posterity." Ses I, "Is that fair, Kernel, to burden posterity in that fashun?" "Wal," ses he, "what's posterity ever done for us?"

The Kernel then took down the figers off my slate in his book, and sed he would keep 'em for his nex message.