To the Senate and House of Representatives 
House of Representatives.
I respectfully recommend that a Joint Resolution, substantially as follows, be adopted so soon as practicable, by your honorable bodies.
``Resolved by the Senate and House of Representatives, of the United States of America in congress assembled: That the President of the United States is hereby empowered, in his discretion, to pay four hundred millions of dollars to the States of Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, Virginia, and West-Virginia, in the manner, and on the conditions following, towit: The payment to be made in six per cent government bonds, and to be distributed among said States pro rata on their respective slave populations, as shown by the census of 1860; and no part of said sum to be paid unless all resistance to the national authority shall be abandoned and cease, on or before the first day of April next; and upon such abandonment and ceasing of resistance, one half of said sum to be paid in manner aforesaid, and the remaining half to be paid only upon the amendment of the national constitution recently proposed byPage 261 congress, becoming valid law, on or before the first day of July next, by the action thereon of the requisite number of States''
The adoption of such resolution is sought with a view to embody it, with other propositions, in a proclamation looking to peace and re-union.
Whereas a Joint Resolution has been adopted by congress in the words following, towit
Now therefore I, Abraham Lincoln, President of the United States, do proclaim, declare, and make known, that on the conditions therein stated, the power conferred on the Executive in and by said Joint Resolution, will be fully exercised; that war will cease, and armies be reduced to a basis of peace; that all political offences will be pardoned; that all property, except slaves, liable to confiscation or forfeiture, will be released therefrom, except in cases of intervening interests of third parties; and that liberality will be recommended to congress upon all points not lying within executive control.
Feb. 5. 1865
To-day these papers, which explain themselves, were drawn up and submitted to the Cabinet & unanamously disapproved by them. A LINCOLN
 ADf, DLC-RTL. Lincoln's endorsement printed at the end of this communication appears on the verso of the autograph draft. Gideon Welles' Diary records under date of February 6: ``There was a Cabinet-meeting last evening. The President had matured a scheme which he hoped would be successful in promoting peace. It was a proposition for paying the expenses of the war for two hundred days, or four hundred millions, to the Rebel States, to be for the extinguishment of slavery, or for such purpose as the States were disposed. . . . It did not meet with favor. . . . The earnest desire of the President to conciliate and effect peace was manifest, but there may be such a thing as so overdoing as to cause a distrust or adverse feeling. In the present temper of Congress the proposed measure, if a wise one, could not be carried through successfully. . . .''