The hornet., 1843-10-03
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NE BIHf.nt IH hr Et.IlH. w. 81 Graves
.hllI n1f attempt fUaeff.n lhe prrmuIu.iVt bH
content myself with fIe declaration f.Bl BE-
"w1s conceived Boo 500 BuI brought forth iu
iHvu.iy" u1i bat tracing ltf origin 10 either
of ihe uhuto mentioned .Jufcrt, it surely fc.
rpmmrnds itself with Doubtful pfopufty to|
iie Democratic family What do the promi.
npnt and leading gentlemen ol our party sly
throughout the Duou' Beyond the limits ui
our own State liquidation has not single
respectable advocate. II IS spurbel by Nj,
Van Bureu- Mr. Calhoun views il with oalh.
ing and deep disgust lit finds no favor with
/ Benton aud Wreht-Nr buchanan and Gen.
Cass give il the go-by, and indeed all the
shining lights in the great Democratic guaxy
have denounced it, Mr. Jefferson the great
apostle of Democracy at all times. on all pro.
/ per occasions, urged the full preservation of
+ the public faith by prompt payment of the
+ public dues. 1t will be recocclcd that Messrs.
Madison and Livingston, without any author
+ ity whatever, borrowed six millions Of Francs
from the BaringS, with which to effect the
purchase of what was then called Louisiana,
now embracing three Of our most important
and beautiful south western States. The pro-
curement of this money was indispensable to
the purchase. and impressed as they wore
with the great importance of this territory to
the peace and prosperity of the South Western
portion of the Union, they took the RESPONSE
biity of borrowing the money and of pIedg-
ling the faith of their government for It's pay
ment. Mr.. Jefferson was then President
Did he have any constitutional scrupes in es-
tablishng the credit and and maintaining the
Honor of his country. Far from IT, With
an eye single to the great principles of De-
mocracy and OF common honesty, be promptly
urged the payment of the debt. 1t was dis
charged to the very last dime; and although
this debt was contracted without legal author
ity, Mr. Jefferson and his cotemporarys would
have felt dShonored, and their country degra-
ded, had they resorted to the dishonest alter
native of repudiation. They placed proper
estimate upon American character, and have
left us many enduring memorials OF their VIr-
tue and their patriotism. We will initiate
their example, and adopt as our motto, "IhouSh
the Heavens should fall, let Justice be done.
The golden rule requires that we should do
unto others as we would that they in like cir
cumstances should do unto US. Would this
cove rnment tolerate reputation Others! 1t
will be remembered that while Napoleon was
at the head of the French, he issued the cele-
brated Berlin and Milan DEGREES, and under
the operation of those edicts, the commerce
of the United States sustained damage othe
amount of about six million of Francs. The
loss fell upon our enterprising merchants
Indemnity was demanded, and during the ad-
ministrallon of Gen. Jackson this demand was
urged with great zeal and with distinguished
ability. ReprlSalS were threatened IN Inc
/, event that indemnity was withheld. Napoleon
was regarded by all the European powers as
a usurper, and his subjects might well have re-
refused payment on the ground that those
spoilations were committed under the reign
of one who was illegally at the head OF their
nation. The American government insisted
that as the French people permitted Napoleon
to reign, they as a nation were responsible
for his acts. What was the course adopted
by the French! They decided that Honesty
= was the best policy" and they carried out 'he
, decision by the payment of the amount
: damages sustained.
: In 1912 the Legislature of Kentucky pass
ed resolutions denouncing the Reputation o
State debts in the most positive terms. Col
, r. NJ. Johnson was then u member and voted
for the resolution-they were in truth adopted
unanimously--not a single voice was hearC
among the Democratic members of that body
in Justification of this odious doctrine. II
: 1871, James X. Polk, one of the mighty