The Daily empire. (Dayton, Ohio) 1865-1867, 1867-06-01
fepu,liation.

u has been some dine since we referred
directly, to.thc subject Of Rcpudlation--thr
repudlation Of the illegal debt--illegal In
our estimation, at least-created, during
the years Of civil war, by the Federal Gov
crnmcnt. We now recur to It again that
the readers OF the ENTIRE may see the drifl
ibis question Of Reputation Is taking In
the East as we'll rs in the West. Il was
thought by some Of the more timid of our
contemporaries, as well as by many iudivid.
uals, that, perhaps, we were u little too fast
In mootlng this question and taking so d,
cided position in relation to IL as we did
But, be that as It may, It has been oui
opinion ever since the first illegal steps
were taken by ABRAHAM LINCOLN, as Pres
idcnt of the United States, in precipltating
this country into that terrible civil war,
that repudiatiou would be sure 70 follow,
and we have so expressed ourselves time
and again. The question is now being
pretty thoroughly canyasscd. The New
York Herald In an article relating to the
release of JEFFERSON DAVIS, alludinr to
Reputation, also, says:
soon, If we mistake not, the people will
interpret the action of the Government,
the Chief Justice, Underwood, Greeley, and
Qi all the rest as rcpudiating treason and
as declaring the war failure i'm It's re-
suits. II so, viii they not regard the ma
uoual debt national swindlc, and repu-
date that IA readily as the crime Of trca-
son has been repudiatcd2 They will say,
naturally enough, that they ought not to|
be burdened with a debt of three thou
sand millionS-and upward, reckoning the
dcht OF the States rs well as of the General
Government, for nothing. They will be-
asked why they should be taxed Il hundred
ma my to two hundred millions year.
when they have been cheated in the OBJ
icct and results of the war. Is there trea-
sOu or is there noty This is the question oil
the time before which every other must
give way. II involves the security of our
Government hereafter and the payment or
reputation Of the national debt. Under |
standing the action OF the Government and
the Judiciary rs virtually declaring there is |
no such crime rs treason, we shOuld not be |
surprised to see, within five years, the debt |
created by the war repudatcd as an mpo- |
sition and fraud. That, in fact, would be |
the logical consequence of letting treason |
20 mtried and unpunished. 1t there be no |
treason the war was all wrong, and the ma |
tlonal debt Is national swindle"
And the Nsropoitdn Record, journal of |
T.
follows the Herald in the following strain |
"Repudiation is just as certain as the
sun shines. The people are tired of pay
Ing taxes, and already regard the whole |
ease as a huge swindle Five years! Yes |
three years will bring us face to face with |
the national debt, and If that blessing is |
not cursed, then we don't know the people
But we think we do know them, and we
think, moreover that they will heartily |
damn the blessing and the authors of il |
yet. Phillips and Stevens and Sumner and |
Wade viii find out then some things they
never thought OF before. liquidation and |
Rctribution are coming right along. and
with them the white slaves day of jubio. "
Then comes following this the voice of
people burdencd with taxes, and harrassed
10y taN-gathering officials, discussing in
firm tones and well considered words the
propricty and probability of reputation
of the public debt, created during the war.
But whether it will be five, or even three
years, before we are face to face with it, Is |
a liltlc doubtful ino our mind. We are in |
clined to the belief that the time is much |
nearer then our metropolitan cotcmpora-
rits imagine.