Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-10-20
A RePudiatOr of the ss Entire War
Debt" Cornered and Exposed
Why Pierrepont Gave $40, 600

Debt" Cornered and Exposed
Why Pierrepont Gave SEQ, 900
TO the Grant Corrnption Fund.
Our whilom townsman, Judge PIERRE
-PoNT, who gave $4,000 to the rant COM
mittee, and with it letter in which he |
gave as reason for his contribution to the
corruption fund of the party, that the De-
mocracy were in favor of repudiating the
National Debt, has placed himself in most
unpleasant predicament. The following
from the Buffalo Courier, stated on the re-
sponsibility of its editor, JOSEPH WARREN
who was in the company OF Gov. SEYMOUR
when PIERREPoNT took ground in favor of
a total reputation of the war debt, is clear
and explicit From our knowledge of the
man, we endorse what JOSEPH WARREN
says as true to the letter: sBr5ra 4ea1Hl
"Edwards Pierrepont, represented to be
| a Democrat and Sachem of Tammany, has
written letter to A. T. Stewart, Chairman
| # the Grant Committee in New York, en-
| losing $4,000 as contribution to the COR
ruption fund, in which he says: 7.rsa rJ.c
| II cannot conceive how any intelligent
man, who does not wish the rebels return
ed to power, the nations faith violated, its
debt repudiated, its name dishonored, its
| prosperity DESTROYED, its patriots insulted,
and the Lost Cause" restored, can vote
against Grant. Il
I'm my Judgment, the election of Sey-
mour and Blair would forthwith confuse
! and paralyZe our business, and reduce the
value of our property one halt
| 1t is more than probable that Mr.. STEW
| ART furnished the $4,000 which Judge
| PIERREPoNT so ostentatiously encloses; !;
but this is not important. This same Judge
PIERREPoNT stated, in the presence Of the
,ortter of this paragraph, on the steps of the
Capitol at Albany, in the summer of 1867.
that in his opinion the Democratic party should
come out boldly for the REPUTATION OF
THE ENTIRE WAR DEBT. He said that
| he had been travelling in the
| West, and that the people were
/ ripe for such declaration. His remarks
were addressed to Hon. HoRATIo SEYMOUR,
/ who replied that sREPUDIATION WAS A TERM
4 THAT NEVER OUGHT TO BE USED; THAT THE
4 MAN WHO COULD PAY HIS DkBTs AND RE-
FUSED TO PAY THEM WAS A lSCOUNDREL; !;
and that, WHILE REPUDIATION WAS CRIME
| BANKRUPTCY WAS A MISFORTUNE FROM
WHICH = NATIONS WERE NO MORE
| EXEMPT THAN INDIvIDUALs.". Gov
ernor SEYMOUR urged that it was the
! duty OF every man to give his support to
financial policy that would enable the Gov
ernment to meet its obligations in accord
lancedwith their terms, aud to increase the.
relative value of the currency, as compared
with coin, until specie payments could be
resumed without creating financial distress.
Judge PIERREPoNT entered into no argu-i
| ment in favor of hissproposition to repudi-
| ate the whole debt beyond the assertion
THAT it would be popular, and that the time
was not far distant when parties would di-,
| vide upon this issue. ag s.
| And now this same PIERREPoNT, in a let
| ter paraded in all the Radical journals, pre-
| tends that he cannot vote for SEYMOUR, be-
cause his support involves s.the nations
| faith violated, its debt repudiated, its name
dishonored, its property destroyed" sc.
| Whether the rebuff he received from Gov
ernOr SEYMOUR on the occasion alluded to,
| Is at the bottom of his hostility, or whether
he is simply writing in the employ of the
bond-holding interest which lent the Gov
eminent currency and nowIdemands gold,
| is not essential. 1t would be interesting to
advocate of repudiation and became sup
porter of policy that proposes to add at
least one-third to the national debt.
| Judge P1ERREPoNr, we presume, at the
| time he delivered this advice to Gov. SEY-
MoUR, to REPUDIATE THE ENTIRE
WARDEBT," held no Government Bonds,
as he doubtless now does, and which bonds,
he hopes, by the electioniof GRANT, will
have more than one-third added to their
value, by being paid in Gold. s.5.5 I'D. ..5z
This expose of Mr.. WARREN is a fitting
sequel to the correspondence between
PIERREPoNT and A. T. STEWART, the latter
| the richest man in the United States, and
the most grasping. who uses his vast wealth
| to break down all who dare enter into COM
petition with him. Without single cor
ner of his heart for any sentiment of pa
triotism-his entire being absorbed in ad-
ding to his vast tortune-a man who no.
toriously keeps his employees on starving
salaries, and never gives penny in secret
charity, but gives thousands where it can
be heralded in the newspapers using these
gifts as advertising dodges, as he advocates
GRANTS election, because it will put money
in his purse.
The summer of 1868, unlike that of the
previous year, finds Judge PIERREPoNT a
bond holder, clamorous for gold. The
change is great as it was sudden. One
single year, from repudiator of the en-
tire war debt, to an advocate for its pay
ment, not in Greenbacks as contracted in
the bond, but in gold, that one third to
one half be added to it's value. If the
$40 900 PIERREPoNT, or Mr.. STEWART in
his name, gave to the GRANT and CoLFAx
corruption fund, can be made successful in
ac complishing its object, and the bread
thus cast on the political waters be made
to return, by the election of GRANT, in
gold for the bondholder and rags for the
people, then will it be the best personal,
because the best pecuniary venture these
worthless have made for long time. But
that which would be so great gain to
them, would be corresponding loss to
the people-pleasure to them, hut death
and dishonor to the Republic.