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.