The republic. [volume] (Washington [D.C.]) 1849-1853, 1852-02-07
The KOssuth Notes.

| The KOssuth Notes.
Only two papers that we have seen risk their
reputation by recommending the Hungarian
loan as safe and desirable Investment. They
are the New York Times and the Tribune.
The latter, in Wednesdays issue, has the fol
lowing:
"THE KossUTH NoTEs Specimens Of all the va
rious denominations 800. $50, $40, So, and
| SD may be ut the Tribune office this day,
and the notes themselves will be ready for whoever
may be willing to take stock in the Hungarian loan
on and after Friday next at the office OF the
committees agent, William =. Libby, No. 2li
Broadway, up stairs. They will be carefully
countersigned and registered, the names of the
takers recorded, and every dollar received will
be paid over to the order of Louis Kossuth. the
people's Governor of Hungary, in aid of her iber-
alton from the despots who have foully enslaved
her. Each note specifies on its face expressly that
it is payable only in Of Hungary's liberia
| ton. y The notes are beautifully executed
by Danforth, Bald & Co., and are worth their cost
as souvenirs of this dark hour in the struggle of
the millions of Europe for Justice and freedom.
The likencsses of Kossuth spirited and striking,
and will of themselves justify moderate invest
ment in the loan"
The Tribune, it will be noticed, is less san
guine than its fellow laborer in the cause;
for while one predicts Il pressing demand'
for these precious promises to pay" the other
contents itself with assuring its readers that the
pictures upon the notes are pretty enough to
''jus,ify moderate investment in the loan"
| The kOssUTH committee should elect on which
of these grounds they send forth the notes to
the public, for the two are scarcely reconcilable
with each other. The Times and its promises,
or the Tribune aud its pictures? Either will
quickly find the proper level in the money marke t
of the world, where man will as soon think Of
giving one hundred dollars for little dirty SOU
venir" OF kossUTH, as for a note OF notes ''pay-
able only in case of Hungarys liberation" One
seems to us just as valuable as the other.
In speech at Cleveland, kossUTH briefly
adverted to this subject:
Business matters required bis activity, but the
! instrumentalitcs of that activity he could not re-
veal, as it would bs sending over to the enemies
the plan of battle He called attention to the shares
| in the Hungarian loan, which were now ready
That loan would surely be repaid. The salt mines
of Hungary now yielded a revenue to Austria OF
|
would be increased, and the loan cancelled in
year"
As 1t is notorious that notes representing
many millions of dollars were issued by Kos
sUrH during the Hungarian struggle, and are
now worthless in the hands of the Hungarian
peasantry, it is to be presumed that he will
redeem them before thinking of repaying the
present loan. As an honest man. he will
be compelled to take up first these old "pron-
Uses" made current when he actually was Gov
ernor Of Hungary, and involving AN immensely
of suffering to innocent people.
1t will be seen from the 1riLme's statement
! that the sums which simpletons may pay for
! these pictorial souvenirs" are to be placed al
the absolute disposal Of kossUrn, who alone is
to be responsible for their expenditure. His
conscience il TO be The sole Judge of the pro
priety of the manner in which funds ex-
acted from American gullibility shall be EN-
| ployed. They are To be subscribed nominally
for the achievement Of Hungarian independ-
rnce, but in reality they are to be handed over
to kossUTH, To be- applied as his desires or ne
cessities may dictate. There is nothing i'm
probable in the supposition that the whole sum
raised will be consumed long before the first
blow be struck. VIII the Republic of Hun
gary" feel any obligation 10 discharge debts
incurred out of her boundaries by a man, or
men, who may never be recalled 10 her c0un-
ellis! Does not such supposition involve a
degree of confidence, not only in KossUrH as a
financer, but in his AGILITY to control the future
sufiragcs of his counirymen, to which no NOR
| tai can lay reasonable claiml
For the honor Of our countrr, we observe with
pleasure that the press is as nearly as possible
unanimous in its condemnation of this auda-
fences. We have from day Ia day cited ev
dence Of the fact from journals Of Wing or in
dependent politics; and we now append para
graph from the National Democrat, the organ
Of Tammany Hall, and withal a very Jealous
kossurH print:
awe have thought we'll Of KOssuth, and particu.
lary Of the Hungarian CAUSE. for which Kossuih 80
nobly struggled. But we very much queston the
proprcty Of the small note business in which he s.
engaged. Thesc notes engraved from one dol.
lar up 20 a hundred, and have Kossuth's autograph
| signature upon them. II sny .. i..duoSd Co
give money TO aid the cause Of Hungary let him 40
But this shinplaster business looks like hum.
| bug. They never will b, redeemed Kossuth has
more notes out in Hungary already than he can
redeem The Times asserts that hundreds Of thou.
sands OF these notes will be bought II is pretend
ed that Kossuth will purchase with the money
he gets. We don't believe a word Of THE Bot
whoever wishes TO give him money, hope they
may do so-not purchase picturcs which hold out
a promise Of redemption The il sheer nonsense,
and VIC are surprised that kossuth has been drawn
into it, These shinplastcrs disgrace to the
cause in which Kossuih is engaged"
We are indebted to our correspondent writ
ing from Spotsylyania county, Virginia, but
we doubt tho expcdoncy Of publishing his com