The President of the United States had called upon the State to furnish one regiment of infantry fully armed, clothed, and equipped, to aid the Government in suppressing the existing rebellion. It was then estimated that $100,000 would be at once required for this purpose, but the treasury was comparatively empty, and the condition of the State finances was such that this pressing call could not be immediately met. When this condition of affairs was laid before the meeting by the Hon. John Owen, State Treasurer, a resolution was unhesitatingly passed pledging Detroit to loan the State $50,000, at the same time calling upon the State generally to make a like advance. At this meeting a subscription paper was at once circulated, and $23,000 pledged by those present, and to complete the whole amount committees were appointed to solicit further subscriptions in the city. Such prompt and liberal action could not fail to be successful, and furnished the sinews of war for the time being at least. Mr. Owen, with these pledges of the people in hand, coupled with his own good credit, succeeded in negotiating a loan which was mostly taken by our own citizens, sufficient to warrant the Executive to undertake uniforming and equipping troops. The amounts thus raised, as well as all other indebtedness incurred in like manner, were assumed by the State on the assembling of the Legislature.