, 1861-05-15
Cbirago Ctitutte,


,RKFVDIAT1oa AHn dF3 PRoFtrs.
TIE Missouri Legislature have decreed
tho seizure and mtsapp1ka abh of the july
interest fund daa 10 the holders Of the
bonds ofthat sease, thereby entailing loss
OF halt million of dellars to the houest
ereditors, on the coupons, and an Immense
depreciation Of the bonds themselves. Tbs
Governor Of Tennessee haa sefxed upon
property In the hands of the Surveyor of
che port Of Nashville belonging to the Uni
ted States, to the amount Of $75, 900; and
and slt the newspspery IN the Western part
OF thaf State are c,unseling population of
Northern debts Of every sort and descrip-
ton, No Eau in his sensea believes tl.at
Tennessee will pay either interest or prin-
c'eat On her bonds unless upon compul-
slon:: The State Of Virginia, greaping IN
der public debt Of sc, ,oao, 900, has added
the calamitiea Of secession md civil war
to her other burdens. She will not pay
another red cent on her bonds until ~.
does it under an execution. Norh ,nd
South Carolina, aeorgia Alas.am. and
Louisiana, are in the same Loaf Florida,
Mississippi and Arkansas xepudisted lon1
ago, aud they may therefore b. LEFT out Of
the present recko.., .,ine
Now 1t may 1,e that these confederate
burglars tanc that Reputation will pav
IN lne loo, run- We do not believe it viii.
Alllno's holds abont $1,000, 900 Of South
n '!onds ~scattered in the hands Of the
People, or locked up in the bank vaults to
.tae credit Of depositors, as currency. Wiz
eonsin holds large amount in the same
why. The people of the Eastern States
hoids two-thirds Of the remainder ~ per
nanent investments. Then there is the
vast amount ofindividual debts due North
ern merchants and capitalists which Is ei.
taer already repudlated Or about to be re-
pudiated-to say nothing Of the p1undered
m1nts, arsenals, navy yards, forts, revenue
cutters, etc. Hthe Williams, who have plan
ned This gigantic robbery, fancy there il
any Zeal profit in it they are profoundly
j n1staken, for az sure as there is force
enough in the loyal States to crush the rc-
bellion, so surely will paym ent Of these
debts be e1acted at the point Of The 1oayo-.
net The only question which throws =
doubt upon the ultimate col. .ection is the
question whether any ,hj1g valuable will
be left in the zepudia',' ting States after the
war: If Missouri. means to csnoe, her
Just: obligation. to Illinois and Wisconsin
~ piracy, Gat her look well to the conse-
quenceS. She will no: go out thence till
ene zlas paid the uttermost farthingi
1t is customary among the great powers
OF Europe when they are dragged into q
war, to assess It's expenses upon the offend
Ing party, and to make the payment of the
BID a condition Of peace. This il done
wherever there is . fair probability that
tina sovereign or nation from whom the
payment is exacted is too weak to make
edectual resistance to tho demand. And
On the same principle, the United States
extorted prodig:ous compensation fot
the trouble and expense of coDquering
Mexico Why. then may not the loyal
citizens IT the United States at least de-
mAno- the payment Of obligations for
Which the faith and credit Of the reba1lious
States were long ago pledged and for which
they received hard dollars, and hard-earned
collars, when the contracts were eptered
intoe We tell them candidly that th1v
hae got to pag. The may rep3d;ate
df'y times day: They may eonAkcate
hundred times t. week. T3.hev have oo,
sopay those debts, thor .gh there be nothing
but res} estate let in the South after the
zeoniion Is crr1shed. Great Britain would
long ago zave collected principal and In,
teresf on her Mississippi and Florida bonds
<t the cannon's mouth, bat fer tae formida
ole antagonist she saw il tho Washington
Government. There Is no more reason wby
state should refuse to pay her obligations
when she has the means, than IN individual
IL Is hlga time that this lesson were taught
20 tho semi-barbarous communities vhere
s"ndsmg and reputation have been
brought to the perfection Of the fine arts
It il coming1