Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1843-04-11
REPUTATION

/
,sd south western states IN refusing TO repay !
r,ne, the, borrowed. on the pledged fahh oil
os States
THIS repudisuon business NAV re stated IN ie"
a. Several STATES wanted money TO construct
o,t. OF irernal improvemenis;--they sen, out
emf, 10 England 10 borrow 1t, and pledged the
S,,sa and booor ofihose States for payment. Lo
,i,eoism bsnkrupiod the country, these states
T. sny the rest by its wretehed experimenting nov
,,,, and State Stocks, ike all other properly
x,,t become nearly worthless the payment OF the
,r,y !, therefore difficult. and these blessed loco
Il 40 Legislature, pass solemn resolve tina, the
L. shall not pay the debt. This is repudiauon-
4 oo,,ef hideou. progeny OF locofocoism bu, it is
,uei Of rejoicing that Locoism alone is its father
3 mother.
q TIE letter should be carefully perused by every
,,lsr
n r. Hu EIeellency Edpdrd ErereH, Minister
81 efht LATED Slater Of America, al the Courl
n efH James
.sa-we, the undersigned beg leave car
key to call your attention, and tina. OF the Gov
! -umcnt which you represent 10 the painful situa
On in which we now placed owing TO the
II lure Of several Of the States Of your country in
5aG.ing the engagements into which they have
3ncrcd with their public Creditors
4 In becoming holders of the public securities Of
our States we trusted "a, the whole OF The pas,
sory Of your country, and the universal opin-
3 as Of mankind then seemed TO warran, MS IN do
ng-to the un,arnished honor OF the People OF
hmeriea, firmly believing, that, whatever the
eyerses Of fortune which NIGH, befal them, or
haiover the sacrifices which they might be call
j upon 10 make in order TO redeem their plight
b faith, 1t would always be their first and para
noun, duty their pride and their pleasure, TO take
bare that those whose money they had solicited
b. obtained, on solemn assurance of repayment,
Should never have occasion to reproach them with
Broken pledges and violated obligations
Il Such were our confident expectations How
Badly those expectations have been disappointed
D. recen, events, it is hardly necessary for us now
declare. Nor can it surprise you, Sir, who
hus, be acquainted with the general sentiments Of
Europe on this painful subject, to learn from us
he sufferers, how unsatisfactory, in our opinions
re the grounds on which your coun,rymen rest
he non.fulf,ment Of their engagements. We, in
zhis country, who for ages past have made, and
pre- sill proud 10 make, such great efforts for the
preservation Of our national faith inviolate;-we
5Tho hold that, TO whatever extent a contract j.
q nling, in right, on an individual TO the same ex
A,n, It is binding on Sovereign State may, j:
yen more so, for the reason that in the former cast
ise, IS, IN the latter there IS not, dsintereseC
'Alnnl to which the oppressed may fly for sue
al rcdresy-we, Sir, can never admit tn
eocitne, and we now earnestly protest against il
hata State, which has once pledged its faith, ant
a rs resources, is at liberty, on the mere plea tina
{ lis engagements are irksomc and inconvenient, o
even oppressive to relieve itself from them, b.
4makng sacrifice Of its creditors. In such
proceeding, zee can see,-and nj one time, we ar
i,lre your countrymen would have secn-no,hn
4bui crying injustice. Might ,rample on RICH
Ia Public Faith reduced TO a mockery.--and tn
2mos, solemn obligations treated as so much vast
paper This is not all, Sirl We protest, toe
5as earnestly agans, the doctrine that the nnocer
&holders OF the genuine public securities Of eour
~ can be justly made to suffer for the fraud G
RegIgence Of the officers, whom the Government
n IT'S uncontrolled discretion, may have employe
pm the transaction Of its business a doctrine, "
4nuS add so utterly at variance with the simple
elements Of jurisprudence that, whatever count
$ance may have lately received from some
&your State Legislatures, we quite sure that n
Zone court Of justice in your country would tole
H. It, for moment, in any private suit bc,wee
4 3nsn and man
4 la thus bringing our grievances under yo'
fonsderaton, Sir, we should leave our task b
Fail performed, il we took no notice Of an impre
fson, which we understand, prevails very gene
Ply amongst your people, that their creditors
/ ms country are, in great measure, men Of larl
fortunes 10 whom a failure in their securities CT
occasion but little inconvenience. Even if sue
we're The case, would, in our view OF The matte
ia'nsh no ground for any departure from the c
d.nary obligations Of good faith. In fact, howe
e. though there may b. a few amongs, US in mo
shaen' circumstances, ye, by far the larger pc
uon Of US are persons in the middle ranks Of lift
4DO.hcers on halfpay,-Superannua Clerks,
Mu'ed Iradesmen living on small means.-ag
sphs'ers,-W'dows and Orphans many
anon have invested their all IN the purchase
/ your securities, a, high prices, and now depe
'ot lhe:r subsistence, some even for their dal
''esi on the good faith of your people
We solemnly ask-shali this dependence
paced IN want Is il possible that your countr
men should be indderen, to the misery they G.
We 10 the many hearts they may break, by p
severance IN their present policyl Are they p
Afel, at She oulse; OF a career, which nigh,
70 honorable and 50 brilliant, to face the orpha
tars, and the widows cursel Are they prepar
to btave tina, retribu,ive judgment. which. in
dispenss,lons Of Providence. and in the order
Nature itself, never fails to over,ake notorious
justice, national or individuals We csnno, er,
y We remember, wilh revived hope and col
tenee that your people own the same ances,s
hist ,hey speak the same language tina, they b,
1 drawn the rules Of morality from the same 50
n cts as ourselves we will not believe therefore