ive them of this hope substantially ends
the rebellion; and the initiation of Emancipation completely deprives
them of it as to all the States initiating it. The point is that ... the
more northern [States] shall, by such initiation, make it certain to the
more southern that in no event will the former ever join the latter in
their proposed Confederacy. I say 'initiation,' because in my judgment
gradual and not sudden emancipation is better for all. In the mere
financial or pecuniary view, any member of Congress, with the census
tables and Treasury reports before him, can readily see for himself how
very soon the current expenditures of this war would purchase, at fair
valuation, all the slaves in any named State."

The second paragraph hinted at that which it would have been poor tact
to state plainly,--the reasons which would press the Border States to
accept the opportunity extended to them. "If resistance continues, the
war must also continue; and it is impossible to foresee all the
incidents which may attend, and all the ruin which may follow it. Such
as may seem indispensable, or may obviously promise great efficiency
toward ending the struggle, must and will come. The proposition now
made, though an offer only, I hope it may be esteemed no offense to ask
whether the pecuniary consideration tendered would not be of more value
to the States and private persons concerned than are the institution and
property in it, in the present aspect of affairs." The suggestion,
between the lines, to the border slave-owners could not be
misunderstood: that they would do better to sell their slaves now than
to be deprived of them later. The President's proposition was not
cordially received. Pro-slavery men regarded it as an underhand movement
against the institution. Mr. Crittenden expressed confidence in the
President personally, but feared that the resolution "would stir up an
emancipation party" in the loyal slave States. Thus the truth was made
plain that emancipation, by any process, was not desired. In a debate
upon a cognate measure, another Kentuckian said that there was "no
division of sentiment on this question of emancipation, whether it is to
be brought about by force, by fraud, or by purchase of slaves out of the
public treasury." Democrats from Northern States, natural allies of the
border-state men, protested vehemently against taxing their constituents
to buy slave property in other States. Many Republicans also jo