Holly Springs gazette., 1843-09-15

themselves amenable. But that day has
passed. 4 he great moral leverage Of pubic
opinion has fortunately assumed its place,
and nations cannot now. with impunity. dis
regard the opinions of the civilized world.
They can no longer commit acts of oppres-
sion and wrong, and be received into the
brotherhood ofnations. All just people will
avoid them as leprosy and seek the first
excuse to annihilate nation whose govern
ment and policy sanction spoliation upon
the cilizens of other nations.
If Mississippi could stand up against the
opinion Of the whole world, ia her refusal
to pay her public debt, her sisters of the
union will not permit it to remain unpaid;
and If reputation prevails assumption will
be the inevitable consequence With as
sumption. comes large national debt and
a high tariff and we shall be compelled to
paw, not only oar own debts. bur to help
Pennsylvania pay her S30000,000 The
whole tauf Interest are already advocates
Of assumption, aud the degradation which
Reputation has brought upon the whole IN
ion, furnishes their only argument in its fa-
vor. Let each state pay It's own debts, and
every reason for assumption falls TO the
ground. But the non-indebted states had
rather assume and help pay ours, than sub
NIT to the degradation and injury of living
in brotherhood with those who are guilty of
what they in common with the whole world,
call dishonest and knavish refusal to pay
pecuniary obligation.
Democrats of Mississippi! the repudiators
are the real advocates of assumption and is
odious brother, a high protective tariff.
Their doctrines will inevitably lead to this.
if successful, and the thinking and intelligent
6mong them must Sc. it,
"RGPUDIATIoN OF STATE DEBTs.- Mr..
Everett, Rir Bleecker, and almost every
public agent oil ibis country in Europe, as
well as private citizens travelling in q But
ain and on the continent, In writing home
express sorrow and modification at the dis
graceful delinquency of their countrymen,
while acting in the high and responsible
character of sovereign states. The conduct
complained of by our friends abroad OF all
parties, is so dishonest, discreditable, and so
entirely unexpected by those who have loan
ed us their money with the utmost confidence
ia our into srity and ability that somcthing
surely ought to be done to expunse forever
the foul stain of repudiation. from the hither
to fair charact Of a family # which we are
all justly proud, and equally members. We
claim for our remarks upon this subject an
exemption from all political consideration.
The custody of the sacred honor Of state
soverelgntIes-of the American people be-
longs exclusively to no partye 1t is then
not as politicians, but as the humble organ
of that abiding sense of justice and sound
policy, which is the governing principle of
every upright mind, that we point to a great
moral evil, and ask, if it be not IN our pow
er TO remove it2 and If so, how long shall
we endure this needless. this striking evi-
dence of our public dishonesty. and public
disgrace2
La the circumstances and causes which
created the large and unfortunate debts of
the delinquent states, all men of all parties
are alike implicated All have alike mis-
Judged in regard 10 the immediate produc
tive character of those public works, for the
construction of which so many millions of
dollars have been unwisely borrowed IN
Europe. A portion of this money is ire
coverably lost but there is reason TO believe
that. much which is unproductive, and there-
fore vaIueless. VIII vet prove to BE- of great
benefit in the states in which 1t has been ex-
pended Ii is. not unlike winter wheat,
sometimes by mistake so~n IN the spring,
whose harvest is DELAYED til another season.
The husbandman does not abandon such
fields; neither should the unfinished In
provements of the new states be abandoned
Expanded hope and noble ambition have Of
ten led slow calculating reason into error
AS the brother OF one family, we should re-
gard with feelings of sympathy rather than
censure, the bold enterprising spirits, who
have penetrated and snbdued the western
wilderness and are now just beginning to
pour into The lap of their kindred IN the old
Atlantic states, millions on millions OF the
rich fruits of a we'll cultivated virgin soil.
We submit the fact that The gam to be de-
rived from the iudicious expenditure OF the
money borrow we'd In Europe BY our cehn-'
quent and unfortunate friends was to benefit
the weaIthler states as well as those OF the
new. as evidence taat-ve are marally bound
10 do somethsag for their relief Even II
they do not ask rslief, 1t does not alter our
obligation 70 the lenders of money who can
now recover neither principal nor interest.
Whatever may have been the conduct IN
times past OF sovereign kings, IN rePudlatlng
publis, debts. and robbIng either by forced
loans or other means. such dishonor and en-
during disgrace should not now attach TO
republic. which with comparatively small
population. and very limited resources paid
the whole expense of the two Protracied