The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-07-12
REPUDIATION ADpOAD.

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merchants Of Amsterdam. These documents
are valuable &c showing the settled sentiment
Of inhueGdal men abroad concerning the refus-
al Of some Of our STATES to paw their debts.
The teuse Of our national houor must Be dead
ifthese appeals to our justice and integrity
awaken no wusihy response
10 CHRnroFHER HusHEs, EgQ Charge SsAf
fairs II he UHifea STATES y America AZ he
Hague.
Sra We, the undersigned, b0ndholders Of
North American loans,ne sociated Of late years
or secured up0a slocks Issued By several Sta IS
ofthe Unionconhdenfly lake tha. liberty 10 in
woke your kind nlercession Ia our behalf
You are wei aware that the engagements
entered into on issuing these lOans have cot
been fallh.lsd, thaiihe payment ofinlerest has
been suspended that resolutions seed BY
some Of these States have rendefed the Sc
curities almost valueless that several losses
have seen sustained whilst every endeavor
to effect a remedy to tins dcplorable state Of
things has bit erto proved iruitless'
Under these cifcumsiances,we consider our
selves justified in making a public appeal to
the known sense Of honor Of the Amencal
people, and IN bringing our complaint before
until nov, has always fcit and recogn eel the
high importance olpublic faith and credit.
The deep sense Of our grievances has, we
ere happy 70 cay. nIst with sympathy in the
United -iates. where il has even been publicly
Acknowledged. Tue doctrine OF repudator,
although embraced IN some quarieri, has ex.
cited the lust indignation OF the majority Of
the population. Men ia elevated stations have
openly declared that whatever The calamity o.
the times Dr. the mapfactces and diapidaiions
the banks and public officers, az whatever the
Of disappointments attendant on too sanguiue
expectations nothing can sauciion such a
doctrine. The inyiolablly Of engagements,
which having no tribunal 10 enforce them are
. be considered the more sacred as beng pla-
ced under the protection Of the national hounr
and public faith, his been warmly advocated
10 your country ITSELF
E We, however, do not hesitate boldly TO tx
press our opini on, that mere aeknowledg-
menl ofrghis or obligations can never suffice
toretrieye the shaken credit Of The States, nor
70 dispel our just grounds Of complaint
BY such acknowledgement we may be cm-
boldened 10 pr IS our case calmly but earn
eslly, and feel ourselves justified IN soliciting
redress but by their mere acknowledgment
the American people can never be consld-
cred IN the eyes OF tbs world as having WI
ped away the stain which has been suffered 10
attath to It's name.
Do not, however, suppose. siF, that we the
undersigned menorialisis, shall presume 10
point out the resources that might be made
available " 10 suggest the measures That
might, perhaps, be resorcd 10.
We simply alloR ourselves 10 pul Ibis qucs
ton, whether, with such unbounded means at
their command, with the great energy Of the
people, and in a case Of such general aud par
amount interest, il can really b so wholly in.
practicable retrieve the national credit from
is present state of prnstration We are even
bold 10 ask whether the culf compensation Of
fered for the injuries We had sustained, is "a
consist in mere acknowledgement If our
rights, unaccompancd by the slightest effort
10 meet our claims or transqti,izo our a X ct G.,
As hnlmndcrs, we may be allowed 10 cast
retrospective look upon the first period OF The
ihdependcnce Of your ma Jon, and 10 call 10
mind TIA our couutrymsn dad mol remain IDLE
spectator Of the struggle nor udiftrcnt 10
the rising f5ftUn.s Zoe the States l.oag be-
fore the credit OF the tdltluui kitatc as f,unJ.
ed upon what might be considered cold b1.
us, their capital was made suhservent 20 the
development and support OF It's prosperity. Be
tween the years 1882 and 1871, m-re than
thirty millions Of money were obtained here
and loaned 10 lie States in addition To which,
further considerable advances for he same OBJ
iect, were made TO your counirymen Shall
then the assistance Formerly proiiered be
counted nothing and shall il be SAID that The
good faith observed in The fulf'mcnl Of f5rm-
er engagements, on the strength Of which the
loans in alter times were 50 readily gran Cd,
was a mere delugion and finally. can the
American nation have lofgutien Sac assistance
In which their riee and existence are material
" owing VIII they not endeavor, by ell
posbo means, 10 avoid the appearance tirat
the services rendered could be met with ingrat-
ituds
Ia conclusion we would observe, SIR thai
very few years have elapsed sinee the Inst
Ian, we're contracted -thc national honor was
still niaruished-confdence In Inc United
Sites was unshaken-a decided preference
was shown f1r Investments secured b, tbs re-
sources and public honor Of your peoplc-and
their stock offered, as It was though, the best
security. Not doubt was admitted Of the
continued course Of their prosperlty--lhe OBJ
iect Of loans coniFac oil was 10 pr1moa that
prospenty--and accordingly capitals already
profitable invested in other quarters were
transferred in these new lOans but wilila
brief space the plighted promises we're broken
tho value Of the securities pledged Tor the loans
dwindled away intonuthing, and even the d..
vidends remained un1nd We ask now sir
have not tho State Creditors, who are suffer
ers By these loans a more particular claim up
.b1 sympathy and support
These feelings anil these hopes sir, we
most earnestly entreaf, you wall be pleased
to communicate to the General Government
Ollie Union and TO that Of the several States.
We Join our voices to those Of the hume
f0us sufferers in an adjacent Countrywide have
also addressed the Representative OF tho Un-
ion: soliciting bis good offices in The transmits
sion Of their representations and the further.
auce Of their wishes. These good Offices
have not heon withheld, and we, The under
sigLed feel firmly pursuaded that rom You,
Sc, our spectati9n viii like wise meet with
Already acquIescenCe.
Enabled as you are, sir, BY your station to
Judge Of the impression produced IN This ooun-
try BY the events alluded to, and 10 appreciate
the disastrous consequence they have enialed
Upon 10 many OF our cOunirymen, we cInnnt
but hope and believe that you viii not refuse
tho weight Of your influence, on which we
place the utmost reliauce,in every proper quar-
Ter and whenever It can be available, in pro-
noting our just claims
We are, sir, sour most Ubed't humble servant.