Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1867-08-30

RErUDIAToRs-wHo ARE THEY.

II 4 IA OAAH " ~ NM ~ - n .
The New York Times sees fit 10 rcbuke
the Republicans Of the second and third
States Of our Union as follows
we think the Republicans in Pcnnsyl-
vauia. Ohio, and other States where polit-
ical campaigns are in progress, are making
mistake in attempting to fasten upon their
opponents the purposes of repudiating. In
the first place, it does not, thus far, seem
to be precisely true; in the second place, 1t
is strongly denied by the opposition them
selves; in the third place, it is bad thing
to circulate the impression throughout this
country and Europe that a party SO strong
numerically as the Democrats in Penn
sylyania, Ohio, and other States, are IN IA
vor Of reputation. If they arc constantly
charged with it they will very likely come to
believe. In course of time, that the charge
must really be true, and they will uncon-
ciously assume the very ground upon which
they have been pushed by their opponents.
1t should be political death and dishOnOr for
ans man or party to suggest reputation,
and there should be no attempt to familiar
iZe the public mind with so disgracelul an
idea.
We fully admit that any charge which
Is untrue should not be made, aud, if made,
should be retractcd; but what are the facts
in the case? Will the Times reproduce the
relevant language Of Mr.. Nallandigham, re
Gently cited in our columns, and maintain
that what he proposes Is not repudlaton!
And was not that language employed at a
Democratic meeting expressly to win votes
for the Democratic ticket2 Are not the
Republicans who hear such harrangues as
competent to interpret them as an editor
who fails even to quote them?
Will il be urged that Mr.. ' Nallandlgham
is an extremist? Then let us consider the
more cautious and moderate inculcations Of
the Hon. George Ii. Pendleton, last Demo
! cratic candidate for Vice President, and
widely known as an amiable aud scholarly
! gentleman, Of excellent birth and breeding,
and the inheritor of liberal fortune. See
his remarks on this subject, as published IN
full on Monday, but especially this portion
Of them
''The FIVE twenty bonds are all payable, at
the option of the Government, after tivc
years Their very name shows 1t. They
are payable, by the law under which they
were issued and according to their face, IN
greeubacks. They are not payable in gold
The interest Is, according 10 the provision
Of the law and the language of the coupon,
to be paid iu gold. Not so with the prici
pal. The ten forty bonds authorized by the
act Of the March 3, 1868, are. by the terms
of the law, made payable in gold. This Is
/ the only class Of bonds of that character
/ and as | read the last official statement oi
! Secretary MeCulloch, very few, if any o.
| them, have been issued. The Government
may then, according to the terms Of the Law
and of its contracts, pay the five twenties IL
/ greenbacks at any time after five years from
! their issue, and there is no reputation II
| doing so. OF this class there were outstand
/ ing on the lst of August $1,000, 900, and
they mature probably in nearly equal pro
portion 10 each of the next five years
| This will not supereede the necessity for
! high taxes, for close economy, for coutinu
Gus industry. They are inevitable. With
them, and whatever other plans wisdom
/ may suggest the burden will press heavily
on you and your children. | have showI
/ that the redemption Of the bonds will soor
be gradual, the Increase of the currency sC
slow that values will adjust themselves anc
( bushes interest become regulated withou
/ that shock which usually attends grea
changes Of financial policy. But, if it wer,