New-York tribune., 1867-03-11

poor and helpless have got and. Win sue h
as this Government under It's control, that dollar win be
fetched arstOcrac that can zee IN M the marS RsSpS
peStohs With them such as the old feudal system ere
ated between egelord and vassal It has no htmae !
interest with the people as existed Of necessity between
the extinct shareholders of country and their slaves
To an aristocracy existing the annual interest OF ma
tona debt the people only Of value In proportion TO
their doclity and power Of patiently bleeding golden
N as s91s dsPt s sdss is nag anag PsS to
hundred millions nsGRor from which revenue hundred
and eighty 70 millions Ms a 70 Ss at
South based on three thousand millions OF dollars In ne
6cr wsrS S
sumed by arstocracy based on nearly three
millions Of national debt-a thing which Is not producing
anything but which goes on steadily every year, ana
must go for all time until the debt is paid absorbing
every hundred dollar bond that Is represented III s az
NOW am not speaking Of this to do anything bnt
deprecate the fearful issue which the madness OF Par
hatred and the blindness OF our aeps
upon the country. But 1t not clear that the people
moneyed ogarchy must sooner or later commence ask
ing each other How much was actually loaned 10 our
who now Claim that we owe them nearly oOoOoo
You know what the popular answer must @ t d1 they
claim; for gold ranged average at over
| while this debt was being incurred, - r.ra,
there can be We drifting toward re-
pudatlon; and the moneyed arisocracy OF tae na1n
blind that they are practically heplngt 10 accesI
ate not check our course in this m ne
lately revolted States to help us In bearing our neav
harmony: and above ALL we need a to the unques
toned supremacy Of the civil laws and re-
stTants debt is not to be repudated within the
nextJ halfscor OF years: g.. .o,,o
"Ho party yet-and possibly no party for some ONE
majority who shaped the legislation OF this last
Congress must knowuness they deceive OF
drifting In that direction, and that II Is by their '0es we
have been out n or 10 feel hor
fled II to-day branded as Repudiatonsts-Jus as IN tho
Ter sander IL the 'Frecsolor should be styled Aboli
ZIONIST There steps In everything and tue term OF
years from now unless conservative wisdom OF
| tho country can bo awakened-and rapidly its
asphyxiatlng dream that our National Dent 10 a Ma
look AZ the effect OF the Reconstruction bill just
passed over my unayaing yeo mean It's peculiar ef-
feet as step in the direction bf Repudaton ana nott
general effect as measure Oh and
establishing military despotism over more IMAM % ohe-
four millions OF ignorant and penness negroes TO the
voting force OF the country-an accession OF Just so
| and" mnst increasingly become, to favor Re
pndation policy; To secure The public credit our
than 10 extend the right OF suffrage for money rapidly
aggregates in a few hands and whenever the men who
have an In seeing that our national debt Is pad
shall have become out OF All proportion few compared
with those who have an interest in rs M ee ,e
thousand millions will be struck out Of existence by bal
lots lust rapidly anu utterly lnt
vested Southern negroes been abolished during the
recent under showers OF bullets"
SO much for what Gen. Halpine-a john
sonized War Democrat-reports as the language
of the President; and, while we can imagine no
| motive for misrepresentation, we trust the re-
port does Mr. johnson injustice. IL certainly
reflects no credit on his sagacity or his moral
| integrity.
There was n time when the Union needed
money in vast sums 10 save 1t from imminent
ruin. To obtain this money, it resorted at once
10 a Paper Currency and to Borrowing from all
who could be induced to lend it. It's necessi-
| ties were so vast and so urgent, while its for
| tunes were so prccarious and It's prospect so
| gloomy, that lenders were naturally shy-Or,
nc least became so, ns Billion after Billion was
required of them. Lend us your paper dollars"
il continually said, and will pay you princi-
pal and interest in gold dollars The lenders
had no voice in fixing the terms they were
| tho Governments own; and its agents from day
10 day melted us to urge every one who could
raise even Sl00 10 invest in its loans. Those
loans were commended expressly as the best
investment then offering the West took all it
would of them, and might have taken more If
il had not preferred to use its funds otherwise.
1t has probably. since sold considerably to the
East ; but it holds millions of these bonds
still, and is able TO hold them. Yet the Prcs
dent seems to calculate that, because the Debt
ia largely held at the East, the West will con-
spire 10 rcpudiate it, and for no better reason
than that the lEast fraternizes with the West
in n policy to which the President is opposed.
IIas he forgotten that Ashley and Ben. Loan
are both from the West y
We protest against the Presidents imputa-
ton on the morality and honor Of the negroes.
Many of them may be ignorant; yet they know
that the National Dept is the price of their free
DOM There may possibly be found low-caste
negro here and there whom the Copperheads
can seduce into voting for Reputation; but no
colored person who has any scf-respect or re-
gard for his reputation would associate with or
countenance such n scandal to his race.
If ever Reputation shall be attempted in
earnest, the National Debt will bo found to
resemble the farmers ,stone wall five feet thick
and four high, so that it higher after il fell
down than before. To repudate is to destroy
the value of all the money in every mans
pocket, whether Greenback or National Bank,
all tho deposits in Savings rs well as other
Banks, all the receipts of Railroads, &c, &c.
There arc not five legal voters in each hund
red that would not be impoverished by the
bare attempt. The mere suspicion that they
might attempt.it if fully in power, will consd
erably help to keep the Copperheads in the
minority for many years to come
FACT FOR Mr.. OAKEY
A few mornings since, Staten Island ferry
boat crashed into tho Whtehall-st slip with