The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-29

Tho Question Of Repudiatisn Among the
Politicians.
Il appears that some Of tho copperhesd
politicians of the West have been talking
rather freely about reputation. Some Of the
radicals, and especially the radical press Of
this city, have seized with avidity this incl
dent to parade their pretended honesty and
patriotism, and for the purpose Of damaging
che democrats In public estimation. Now,
while we have no doubt that some few Of the
secsAslon sympathizers Of the copperhead
persuAsio would like to see the national debt
repudfaksd, the conservative portion Of what
was the old democratic party entertains no
such purpose or wish. Nor has the mass Of
the people Of any party such thought. II
the question Of reputation should ever be
raised seriously, it will not be because the
American people favor in the least such
course but 1t would come only through the
reckless and extravagant legislation and
maladministration of the party in power,
making the burdens of the people too heavy to
be borne. The radical editors and politicians
who open their eyes with affected indignation
at the idea Of reputation care nothing about
1t except for party purposes. Their declama-
tons are sheer hypocrisy. They, of all others,
are bringing us to the very state OF things
they pretend to deprecate.
Mr.. Chase, the chief leader and head of the
radical party, the man whom that party swear
by and desire to make President, was the author
of system of finance which would have ruined
any other country. He, in the course OF
two or three years, created stupendous debt
equal to that which took ages to accumulate
in the most heavily burdened countries of
Europe. 1t has been shown since, from the
enormous revenues raised, that by proper
system Of finance almost all the current
demands of the government for carrying on
the war could have been met without creating
debt Had we raised five or six hundred
millions year, as we have raised since, there
would have been small debt remaining.
But incapable and reckless as the administra-
ton of our finances were under this radical
Secretary of the Treasury, our radical Congress
has, if possible, shown greater incapacity and
recklessness. The creation and perpetuation
of the national bank system, by which the
people are defrauded of more than twenty
millions year, all of which should 60 toward
paying the debt; the fearfully extravagant
legislation for bounties and numberless jobs,
during the last two or three sessions Of Con-
gress, and the frightful frauds in the revenue
committed by radical ofdceholders forced upon
the government, are the causes that may lead
to reputation. Mr.. McCullooh, whose igno-
rance of great national finance is costing the
country at least a hundred millions year, Is
the creature of Mr.. Chase and his party. He
has no system Of his own, is incapable Of
making one, and is only carrying out their
crude and ruinous system.
No, it is not what the radical press calls an
inflated currency that is doing the mischief.
If 1t were not for the abundance Of money the
revenues Of the government would be INSULT
cient and the Treasury bankrupt 1t is not
few copperhead politicians that are hurrying
us on to reputation but 1t Is the radical party
in power that's bringing us to state Of things
where the people will not be able to bear the
burdens put upon them. II we would escape
the disgrace of reputation we must reform our
financial system and its management Mr..
McCulloch must be removed and an able
statesman put in his place, and the people
must choose more capable and honest repre-
sentatives to Congress- This, and this only,
may save the country from the evils which the
radical press hypocritically pretend to fear.