The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1862-05-22
Stand From Under!

From the harrisburg Telegraph.
Every man who has dollar invested
in the loans recently negotiated by the
government, for the purpose of supporting Q
the army, while the soldiers who compose
that army are battling to suppress rebel
lion, rendered the lean in good faith and
confidence that it would be repaid with
interest 1t was not made as a speculation,
For is it now clancy" of the money mar
ket. The investment was solemn and a
sincere business transaction, accepted with
its attendant risks in the emergency of
the defeat Of our armies. If our country
was destroyed-if the Union was irrevo-
cably dissolved, the great business inter
ests of the loyal states, with those who had
risked their individual resources and
means In the conflict, were ready also 70
go down. This was the spirit in which
men invested their fortunes in this contest,
and therefore the attacks of certain politi-
clans and presses on the war debt, with
the direct purpose of counseling repudia-
ton, is as contemplate as their former
actions were mean and dastardly. The
people who have this money invested in
the war debt, must watch the feeling on
this subject, as it is expressed by and con-
fined among a certain class of politicians.
They must watch the men who are now
attempting the reorganization Of the Dem
ocratic party, as one of the objects of that
reorganization is TO repudiate the war
debt, and thus force the north into bank
ruptcy which southern treason and dough-
face completely with rebellion could not
produce. This scheme is now one of the
morsels which the lecofoco press and
semi-locofoco traitors in Congress are bust
ly digesting, so that we may look for the
announcement any day that Congress or
the President had no authority in the first
place to make war for the suppression of
the rebellion, and consequently no right
to contract debts in furtheTance OF such
purpose. 1t will require no more boldncss
to make such a plea and assume this posi-
ton, than it did to declare the war
measure cf coercion, and afterwards per-
sistently maintain that there was no
authority in the Constitution to confscate
the property of rebels One argument
follows another; one pretext springs from
another in this entire business, and the
man or men who contend that the proper
tY of rebels cannot be confiscated, or that
this war is an act Of aggression or coercion,
are equally prepared at any time to assert
that the entire war debt should be repudi-
ated. The traitors who sought the erection
Of a Southern Confederacy will never be
able to liquidate the debts they contracted.
Even the States which negotiated loans
for that purpose will fail to discover their
obligations, so that as Reputation follows
rebellion in the south bankruptcy attends
the career Of both, the Democratic press
and leaders OF the loyal states will once
more bind the south to their allegiance,
by making repudiation policy of their
party The party that has advocated
slavery for fifty years, and on all occasions
made that institution supercede all other
interests, will not shrink from the advocacy
Of Reputation. 1t will harmonize as
cordially with the feelings of such men TO
make the bankruptchy of the nation their
object as it did to make the dissolution of
the Union their grand political purpose
This subject is worthy the attention of
the loyal American people, at time when
the leaders Of assham Democracy are la
boring to re-organize. If the war debt
is to be repudiated, and if taxation is to
be resisted, we will become most effectu-
ally disgraced in the eyes of the world
The shame will be greater than it could
possibly have been made by the success of
the rebellion. 1t behooves honest men,
therefore, to resist the Vaccinations of
the leaders Of the locofoco party to achieve
power. If they are successful, reputation
becomes inevitable