New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-15

tseir ou'y. wthou. putting in pleas CT poverty, or
the statistics ofIeokless pobiio sHpetsisare. WE"
Il y, We should Like TO SIX, TO say un'0ftun"e VIC
tia o. tie grvat defsIcatoo thai with popus'ioo
fof 400 900, Callfc.nis hss Incurred debt tr inc
year 1856 OF 5000 49," "f such thirg',
says Mr. Ju,,ice Murray, "sre to be continued
what viii be ths condition OF the country tn
years beucer ~ That, We respectfully submit I"
the business = Ca.orns, .nd not Of her creditors
Surely the Supreme Court cf that State oces not
intend 10 suggest tbst career beginning ano COZ
,inued in prod EAity can only be arrested % s"h
ding. We know great many rather rapid men
tbout town who would be glad 70 eface certain III
tie records agairst them. in sundry ledgers IN 'ne
same way; b1. We do not know any Justice OF Tue
Supreme, or Of any other description ofCourt' VINO
would assist then 10 do 50. II California has per-
ntted herself 70 BE- cheated; If she has 80 negu-
gently guarded the doors Of her treasury that any
sharp msu has sound it perfectly easy to help him
self; if the administration Of Ter financial affairs
hss been void Of honesty, prudence, and economy
,bst her OWL fault and not the fault OF innocent
psr.ie. who bad no reason to suppose that she re-
aured guardianship and was incapable OF man.
aging her own affairs.
It II creditable to ths newspapers OF California
tia. upon the announcement Of the repudaaop'
they went into condition of virtuous excitement
and did loudly cal upon the people to pay up as
COON ,s possible But then it must be remembered
that diff rent tone was hardly possible, and cer'
tsinIy not 10 be expected. The decision was 30
invnl Va1 ma IN n
nentous issues-the fraud burst upon the people
20 suddenly and in such nakeSDess of defoImity,
that he must have had ceuntenance of brass who
could have talked Of affirming it by popular vote
That the pub c sentiment however, was not en-
tirely un6nmouz, is proved by hints dropped IN
private letters, ard BY fears timidy expressed in
public journals Thus Tie Sacramento Erenir5
Timts says: "The only hope the holders Of State
"paper have Of ever receiving any thing for it, is in
"the generosity Of the people, and that we look
"u1on 40 fcrlorn one 1t is two and more to
Zone tina. they vote, by large majority not to
"psy thee. bonds; and for good and sufficient
"redSoRs" This, We admit, is 70. the genera!
tone Of the California press, but before We indulge
in pleasing dreams of liquidation, let Us wait until
the question has assumed positive shape; let US
wait for excuses, special pleadings and e1tenua-
tions; LET US wait until this matter Of money has
become matter Of politics. We have had only the
first flush of righteous indignation; before We can
be sure that il will cumuste into an act OF common
public honesty, We must know what the burglars,
the ballot cutters the assassins and the professional
swhdiers Of California think Of the matter. That
The State has mahy high minded aud upright men,
we do not doubt; but thst they only systematically
exert their legitimate influence, is proved BY the
illegal and Vry questionable resources to which, in
sbcer desperation, they are occasionally driven. If
Calforn;s could be lynched into liquidation, all
might Jet 90 WELL but unfortunately, that sum-
mary process can only be applied to the retail
thieves. We cannot place, We cannot surely be
asked TO place implicit reliance upon the good faith
ofs State which has just so decidedly irdorsei the
greatest political fraud Of modern times, and which,
it is confidently stated is about to elect such man
as Gwin to the Senate Of the United States.
Reputation, in one shape or another, has always
been agreeable to Sham Democracy; which, when
backed up, it generally is, by political Judges,
has never shown itself especially sensitive or par
ticulsrly generous.