New-York daily tribune., 1845-01-23
KepntliaflOn.


The Morniag News pettifogs we'll for the Re-
pudiato,s, and by the help of round assertions
wherever necessary, is enabled to make their
case look rather more respectable than 1t did in
the Democratic Review. It has encouraged
itself to say that there is no strictly legal
Obligation on the p.rt OF The States to pay their
reeudiated Bonds. though it still thinks they
shonld do ii lsom a romantic chivary and gene
losity, bold.f Rspudiator very tho
roughly explode unia preteuce in yesterdays
News. TO say that they are under no obligation
to pay is i9styucting them not to pay whateyer
may be pretended. No comnunity-certainlyn 10
Loco Foco ono--will ever tax itself to pay Five
or Ten Millions required OF it by mere
pnuctilo.
We have short methodwith all this quibbling
about the legality Of the bonds. Gentlemen il
you really believe your respective States not
bound in equity and according to the settled prn-
ciples of Law to pay the bonds issued in their
names, will you just consent to have case made
which shall involve the question and tried in the
Supreme Com: of tho United States1 If tina,
Court pronounces the bonds invalid, we have no
thing more to say. If you 60 before it in good
faith, aud prove your purpose to ABIDE It's dec'-
sion, we will retract all our imputations On your
good faith in the premises. Bat so long as you
pretend 10 have good defence in law and equity,
and yet carefully shield yourselves from trial be.
fore any impartial tribunal, how can we believe
yuu sincere7 You say you have the right; but
the case is prima faeie against you. There is
the promise to pay Of your respective States, duly
signed by her fanctionaries; L they had no right
to involve you, or vi,iatea the obligations they
signed by disobeyipg your orders step boldly into
Court of Justice and establish it. In.sarity is
no. AFRAID of an impartial judgment; courts i,
rather-demsnds it. Why do you hang back
What should we think of the Peer.Sho, being ar.
raigned for felony, should plead his privilege and
thus escape trial
The News is just the paper 10 harp eternaly
on the United States Bank in connection with
this matter, knowing that the QUESTION is decided
with the mass ofits readers when that Bank, car
be made party. But the functonaries of Mich
gan, Mississippi, Arkansas, SC. who sold the
Bonds were not friends of the Bank-they wer,
the rankest kind OF Loco. Focos. If they sold tn,
Bonds TO that Bank it was because they coult
obtain better terms there than any where else
Ifthe condition of sale were unauthorized, or wer,
Bonds, why not select competent tribunal anC
have the fact ]udicially estabiished2 Homes
men would not choose TO bear needlsssly tn,
odium of Reputation even though unjust
If the Editor of the News will turn back 10 hi'
article in the Democratic Repiew, we think h'
will there find it expressly stated ,hat the Peopl
of Mississippi did authorize the Loan by direc
vote, as well as through two successive Legis'a
tures. The cavil was tina; the last one change'
the terms alter the People had voted.
As to Michigan, this is precisely the case:
want money, draw my note at six months 70
81 900, and send an agent into Wsli.st. 70 get i
discounted He sells it to bIoker tor $3.50 IL
cash down, and the brokers' checks at thirty
sixty and ninety days for the balance. accep
these and pay ON, the money: but, within few
days, the broker fails, having sold my note L
others, and his checks are dead on my hands
Now tits a hard case that have 10 pay my not
and get nothing on the checks: h"l ale Law. ~-J-e
You trusted the broker, and you must lose by III
failure, rather than the men who did no. trus
him, but took your negotiable note OF him eithe
by purchase or as collateral. There has beer
no lack of due vigilance or discretion on thei
part il any, tits on yoars. Take care in future
This is the way individuals are served if ,her
is another law Tor States, let us know where. w
cauno, see how any man could safely buy not
o, obligation 10 pay TO bearer. without minuiel
verifying It's entire origin and history, If the Law
be not as we have stated.