Southern pioneer, and Carroll, Choctaw and Tallahatchie Counties advertiser. (Carrollton, Miss.) 1840-1842, 1842-02-19

whole world, therefore, more or less, IS inter.
ested in the two hundred millions of dollars
owed by the American States. RePudtdtfon
then is principle that strikes at the interests
and at the livelihood, more or less, OF all civil
lied mankind. The general impression, that
it was not possible for State 10 repudiate its
debts, has invested State Stocks with species
of CONSIDERATIONS; and the attempt, therefore,
was alarming enough, but its success is an act
of character to shock all mankind. Suspi-
con never, till Of late dwelt upon them. The
news is, as if the earth was arrested in its re-
volutions on its axis, and the sunshine thus,
was, beyond It's period, to be withheld from
among US. The shock, therefore, SO startles
man as Immediately to arouse them, and the
interests OF SO many are linked in one calami-
ty, that not one State, but more or less. all
mankind cry out against US. II has thus be-
come within the power of but one inferior
State in the Republic, never with much means,
and always with less Mississippi
we speak of, to shock and destroy the credit of
the whole 26 States of the Union. separately
and collectively, so that the Federal Govern
ment itself is now bankrupt, and can't nego-
tate six per cent. loan in the market!
Now, if reprisals were made in London to-
morrow upon Mississippi cotton for sale there,
who in morals, could have aught TO say against
III Mississippi does not say she cannot pay,
but II wiA not pay."--She gives the bandits
reason, it is true, Society has cheated me-"
"my constitution has been violated,"-a the
answer is, "There is your bond lit is an hon.
est one in our handS,--we have paid for it in
full" True, again, it may be said, two States
are differing about debt AS there is no le-
gal arbitration between them, none but them
selves can settle it, and force is the last appeal
But if Great Britain should propose an arbitra
ton, and Mississippi should assent, who doubts
what the verdict of that arbitration would be,
or that it could be aught but the payment Of
the debt!
This radical notion of reputation, we re-
greet to see, is becoming deeply seated in the
popular mind, tho we have not the least idea it
will succeed; but it is not the less necessary,
therefore, TO hold up its consequences to the
popular view. General reputation cannot
take place without a war with the civilized
world Europe will never let America swim
die her out of two hundred millions of dollars;
and America will hardly undertake it for the
sake Of interest, when war would cost thrice
that sum. 1t must not be imagined that Great
Britain alone is interested in the payment of
this debt,--for every European nation of i'm
portance, has an interest more or less. Again,
there would be no sympathy any where felt
for US in such war. We should enter upon
it with disgraceful intents, and would end with
disgraceful results. Let the radicals among US
hear and feel, then, that we cannot swndle
with impupity. There is power to punish
as well as power 10 plumber Nations as
sumo, and cha>ten individuals wrongs Rob-
berry by States is as criminal as robbery by
personS,-with the aggravaton that honor
ought to restrain the first by its very exception
from law, and that if this is not done, to crimi-
! nality is added dishonor or disgrace.