It is remarkable that President Lincoln, in the summer of 1862, gave no distinct and decided evidence that this plan of action was obnoxious to him. His course at this time on the slavery question was rather disposed to conciliate both parties in the North; and he did nothing more than make a bungling experiment at compromise in proposing a scheme of compensated emancipation, which being excessively visionary and impracticable, soon passed out of the public mind. It was readily seen by men of all parties that this scheme would create a pecuniary burden which the Government would be utterly unable to carry along with the expenses of the war. At the rate of $300, it was calculated that the slaves in the insurgent States would be worth $1,049,508,000; and adding the cost of compensation to the Border States, at the same rate, the aggregate expense of emancipation would be $1,185,840,300. There was no disposition on the part of the tax-paying public to meet such liabilities in addition to the war debt; and the scheme of compensated emancipation never went further than a record of votes in Congress. That body passed a resolution that “the United States ought to co-operate with any State which may adopt gradual abolishment of slavery, giving to such State pecuniary aid, to be used by such State in its discretion, to compensate for the inconveniences, public and private, produced by such a change of system.” In pursuance of this resolution, President Lincoln transmitted to Congress the draft of a bill upon the subject. The bill was referred to a committee, but no action was taken upon it, nor did any of the Border States respond to the President's invitation to take the initiative in his scheme, and try the virtue of the resolution adopted by Congress.