New-York tribune., 1868-08-13
MR. REED on REEOLrTIONS.

We are obliged in all political contests TO
make a large allowance for human inirmity.
And when gentleman like Mr.. William H..
Reed of Philadelphia writes to the Maryland
Democrats that their party is the party Of coin
payments, and that our party is the party of
reputation, we are bound to believe uAt Mr..
Reed thinks so, and that in consequence IF his
absence from political life he has never heard
of an individual by the name OF Pendleton. 1t
is little too warm for us TO attempt TO trace
the intellectual processes by which Mr.. Reed
arrived at these extraordinary conclusions 1t
is fair to suppose that he read the dOlngs OF
the late Democratic Convention, and that he Is
not ignorant of its unrcscrved declaration that
"when the obligations of the Government do
"nOt expressly state upon their face or the law
"under which they were issued does not provide
"that they shall be paid in coin. they shall be
"paid in lawful money!. @. in Greenbacks "A
doctrine which leaves the Five-Twenties paya-
ble in notes worth about go per cent of their face.
We are not aware that the Republican party, as
a party. in any manifesto promulgated by its
authority, has ever solemnly lndOrSed any such
doctrine as this; and yet Mr.. Reed is mortaly
afraid that if Seymour isn't elected, all the Gov
ernment securities will be good for nothing! Of
all the Democrats who in the Convention voted
for PendletOn, he seems never to have heard,
albeit Pendleton is in favor Of paying every
thing in paper, that is if he is in favor of paying
anything at all. Moreover in his hurried
anxiety to make out case which shall be pleas
ing to those theoretical Rebels, the Maryland
Democrats, Mr.. Reed lets out of the bag one of
the most remarkable cats that ever cried
"mew." 1t is "the disfranchscd, prosecuted
"white men of the South who are TO over
throw the public faith, unless :" the negro is
"subOrdinated, not to Slavery, but TO the con
"trol of a superior race And pray why not
to Slavery, Mr.. Reed! What good is there in
mincing words after this fine fashion, If you
mean Slavery substantially, rs your talk about
"a superior race shows. why don't you say
Slavery" plainly and without coughing ?
Moreover, it turns out that Mr.. Reed is opposed
to Negro Suffrage because he is afraid that the
ex-Rebcs will make desperate attack upon
the public credit, and that they will find in
Z" the enfTanchsed negro sure auxiliary"
Now, it is notorious that nine-tenths OF the cx-
Rebels, whether reconstructed or not, are
strongly in favor of the election of HOratio
Seymour Singular, isn't. it! All these good
folks mean according TO Mr.. Reeds admiSsiOn)
to force Reputation, if they can, while " the
"enfranchiscd negro" receiving fiscal lessons
from his late master, is to become PcndIetonian
in every fiber. and the "sme auxiliary of
the uost gigantic scheme of swindling ever
devised by the ingenuity Of INSCRIPTIONS men.
These are deductions from Democratic prem
ises. These are Mr.. Reeds conclusions, not
! ours. They are, to state them plainly:
1. The ex-Rebels support Mr. Seymour.
| 2. The ex-Rebes will rcpudiate the National
Debt whenever they shall find it convenient.
3. Therefore, Mr.. Seymour is presumpuvely
in favor of repudiating the National Debt e.
f. ID.
1t seems to us that bondholder must be
"bloated' out Of all common sense, or the
capacity for thinking at ALL if he can be
wheedled or terrified into supporting Seymour
by any such prediction as this. Its natural
! tendency would be, we should think, to make
him 60 for the other man.
! In the second part of his letter. MIR. Reed
diates upon the enormous iniquity of negro
suffrage, which he considers to be the result Of