, 1864-06-04
A NEW COPPEHHEAD SCHEME
KEPUDIATION.

Tie New J. oTk World has undertaken the
job Of starting the ball Of national repudia-
ticn. Tic argument adduced Is, that debts
created and obligations incurred by this gen.
Grafton arc not binding on the next. "A
majority OF the adult citizens now living. u
says the Uor'd, twill be dead in e:yhtcen
gears and c;gIf month";. Till then, being the
'ngjo, ity, they might risEtful]y levy the an
nual interest Of their debt on themselves and
their fellows. But at that period ntr ma.
iority Ti1l come into Place. In their own
right, and siot under the rights, the condi-
tions, OF the laws Of their predecessors. Are
they bound to consider the debt, and pro-
vide interest thereon 81 The Word answers
in the negative.
1.-THE argument be good one, that the debts
incurred by this generation are not binding
on the ne1t, why will not the rule hold
equally good In relation to all other debts
and obligations! Howican title to real
estate, resting on q dead mans signature, be
valid: II agrarianism ahau apply to the
national debt, why not also to all other debts
and obligationss The national debt is the
obligation Of the citizens collectively, and is
just as binding on each individual Us their
private debts, and reputation Of the nation.
al debt would attach as much disgrace and
dishonor on every citizen Is Reputation of
their private debts.
But q nation does not die at the end OF
generation OF men. 4 man lives out his
lfttime, be that less or more, and so does q
milton. Great Britain, us nation, has exis-
ted twelve centuries, and France equally as
long, Ancient Greece, Rome, Carthage, Bab-
ylon, Judea, Persia, Egypt, Asssria, Cha1-
dea, existed for many centuries, but atlast
were gathered to the tomb OF dead nations,
where all modern nations must eventually
60, AL human institutions decay aud
perish.
Our nation has lived elghty-eight years. and
may exist in full vigor eight hundred and
eighty more II 1t survives the present crisis.
1t is now wounded aud sick from the blows
Of traitors trying to stab, and Copperheads
to poison 1t. RepndiatIon otrthe national
debt incurred for the public 4se would
be Is dlshonorable and Illegal 3or rich
man who had fallen among thieves to refuse
to pay the bill Of the surgeon who bound up
his broken head, and set his fractured limbs,
and tue bill Of the man who rescued him.
nursed and fed him and waited On him until
III was convalescent. Suppose, In this case
that The assaulted man, not having ready
money about him. should give his note, With
interest, Tor the amount, and when it became
oue enou4o refuse to pay 1t, what would be
thought Of him: In the opinion of the Cop
pelhead World, the conyalesctnt ought not
to pay for the medical services rece1yed ;n
case the doctor aud nurse agreed to trast him
awhile 1t makes the giving of credit
species Of crime that should Oe punished bv
confscation Of the claim.
A nation, like man, continues to the
end Of ite existence. The Government OF
nation stands for the bruins or head Of an
individual. Its acts Of this year are rs bind
ing next year as the deeds Of q man to-day
are binding On him tomorrow. The coustl-
tuition Of the nation Ia the corel,tiye of the
character Of man, and the law.making
power stands for the till Of the individual.
Men are born and die, hut the nation lives
on. Every day Few 1eeh, blood, bones and
muscle are formed In n person, but the work
Of waste and decay 60 on also. With every
breath and through every pore portions Of
the present tody Pass away, and with every