, 1866-08-06
nEpUDrAT1ox HRoACnRD.

Reputation of the Federal debt is gradu-
ally cropping out rs one Of the measures Of
the CoppcEheAd party. The leaders are eau
tIoue in SHOWING their real sentiments In re-
spect to It, at this stage Of reconstruction
but some Of the more impatient ones arc not
80 circumspect. At copperhead barbecue
at Elizabethtownt Kentucky, on Wednesday
last, Hon. Robert Mallory, who is an intluen-
tia1 leader Of the CopperJohnson party "a
that State. made the following declaration In
regard to repndiatlnE the National debt:
*It hal been charged ags!ust The Institution af
efa1erJ that i tended 10 make men aE!stocraHcaud
exclusive. II this be true, mnch more might 1t be
toc1atIc party 81 The Notth.. The speaker did mol
say he advocated .. Espndfahon. OF the National
Debt, but remarked t6at the time might come
ct iii onefoas n1es, vonid I}se sgsias. this dset
ND send RspFessasatt.ea t9 Congress Tho . wopid y
sni6ed men. should march Up 10 attack the tortid-
r.esd O. s pe; h @aid s
as.a s. FL M 6s's s See as sbSsap az q
IsEncl.'' -
The largest holders Of the national debt
fcsfdefn New York and arc ardent support
crs Of the johnson policy and party. There
are tens Of Thousands Of men calling them
selves democrats" !" scattered all over tho
North and West, who own 5-3o's OF 1905,
and hope to own more Of them. Every
stockho1dcr In National bank Is an owner
Of United States bonds, md quite number
ofthcse arc democrats" Nearly all tho
Insurance Companies Of the United States
have their eapltal chiefly Invested In Feder-
III bouds and there are not few "Demo-
49, ri
lions. In every neighborhood thero are
OF T-G0s, and q portion Of them arc "Dcmo-
Gratis" II Is estImated TINT the American
holders Of Federal securities number between
twelve and fifteen hundred thousand persons.
belonging 10 all ranks, ages and con"
ditions OF society, from the poor
widow, with hcr little fifty dollar
bond, and the wounded soldier With hia
bounty money invested in 7:9o, mp to the
| merchant prince and the retired capitalist. 4
blow struck at the National debt Is blow
| struck at every third man In thc1 loyal States,
and at the business foundations Of the cntirs
country. The holders of Federal bonds pa5
more than half of the taxes collected for tht
support OF the General Government. Cop
pcrhcad orators would do we'll to toach tht
rcpudiatfon project very dcltcatcly lest they
alarm tens Of Thousands Of their followera
who hare money Invested In bonds. Thc ear
Of the mob may 10 ticklcd with the ldea O.
reputation, but they happen nit to ba tht
class that pay money towards OF have much
pecuniary stake In the welfare Of society
The only real safeguard is to DO found in th'
ratification Of the fourth section of tht
proposed ameudmeut to the Constitution
and amy man owning United States secusitic.
who votes the Coppcshead ticket this fall. may
be vot1ng for the conascatlon OF his own prop
erty, by the Copper-rebcl party. The fourtl
section Is q follows:
1.-THE salidity Of tbe pnel;e debt of the Unltet
ShtcA authorized By law Including debts lueutyct
for payment Of pensions and honnlles for suprcs
sing lnsurrcttlon OF rebellion. shall not be quea
toned Bat neither the United 6tatcs OF an
State ahsn essutne Of pay any debt Or ohI:aGo,
incurred ln sid Of fnsurrecton or rebellion agalns
the United States. Or AnJ claim for tho loss 0
emancipation Of any slaves. hrt a!l sueh aebts pt
| legations tnd claims shall ho held Illegal 40,
| NH.-