Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1869-10-07

btll tHat IL danced az all; anu us
not wonder that reconstruction witt
1.-THE chains upon it succeeded M
better, but that 1t succeeded at all
Andrew johnson is now out Of tht
way, and in his place is a PATROL
/ President. Public opinion, mus
cometo his support in this necessary
work. There is but one thing these
disturbers feel: mean the power Of
an awakened people, directed by
Republican Administration, vigor-
ousIy, constantly, surely, so that
there shall be mo rest for the wicked.
REGULATION. ne
III could forget the course Of the
Democracy on these things, as i cam
not, there is still another chapter for
exposure, and the more it IL seen the
worse it appears. 1t is that standing
menace Of reputation, By which the
national credit at home and abroad
suffers so much, and our taxes are SO
largely increased. 1t will not do to
say that no National Convention
has yet announced this dishonesty.
/ charge it upon the party. A party
which repudiates the fundamental
principles OF. the Declaration of, Inde-
pendcnce-wh which rcpudiateseq equality
before the lsW--which repudiates
the self-eyident truth that govern
ment is founded only on the consent
Of the goyerned-which repudiates
what is most precious and good in
our history-and whose chiefs are
now engaged in cunning assaultupon
the creditor-is q party Of repudia-
ton. This is its just designation.
A Democrat is repudiator. The
repudiating gospel, according to Mr..
Pendleton, is now preaching in Ohio;5
and nothing is more certain than
that the triumph OF the Democracy
in orr country would be a blow not
only at the national freedman, but
also at the national creditor. There,
would be reputation for each.
The word "repudiation", in its
present sense, is not old. 1t first APP
pears in Mississippi, q Democratic
state. If the thing were known be-
fore, never before did it assume the
same hardihood of name. 1t was in
1911 that a Mississippi Governor, in
4 message to the Legislature, used
this word in regard to certain State
bonds; and thus began that policy
by which Mississippi was first dis
honored and then kept poor, for cap
ital was naturally shy Of such State.
fifin that time, Missis-
sippi had the "bad eIninence' ofthis
nor is the State more
known as the home Of Jefferson
Davis than as the home of repudia-
ton. Unhappily, thenation suffered
also; and even now, as Understand,
it is argued in Europe to our disered-
it that, because Mississippi repudia-
ted, the nation may repudiate also.
If ] refer to this example, it is because
would illustrate the mischief Of the
Democratic policy, and Summon
Mississippi to tardy justice. a re-.
generated State cannot afford to bear
the burden of reputation, nor can
the nation and the sisterhood ofStates
forget misconduct SO injurious to all.
i have pleasure at this point, in
referring to an early effort in The
North American Reriew by an able
lawyer, for a time anp ornament of
the Supreme Court ofothe United
States, the Hon. b. r.. Curtis, who
argues most persuasively that, where
a State rcpudiatcs It's obligations to
the detriment Of foreigners, there is
a remedy through the National Gov
eminent. But the article contains a
warning applicable to the present
hour, which I quote: ls
"The conduct OF. a few States has
not only destroyed their own credit
and left their sister States very little
to boast Of, but has SO materially af-
fected the credit of the whole Union,
that it was found impossible to ne
gotiate In Europe any part of the
loan authorized by Congress in 1912.
1t was offered on terms most advan-
tageous to the creditor; terms which
in former times would have been
eagerly accepted; and after going a
begging through all the Exchanges
of Europe, the agent gave mp the
attempt TO obtain the money in
despair" INo,1h Americd'a Rerier
for January,-lsH Vol. IS, p. 1901 "a
RIPUDI-ATiON IS gONFIsCATIoN.
Republication is coniiscation, and in
the present case, confiscation Of the
property Of loyal citizens. With I'M
paralleled generosity the nation has
refused to conflscate Rebel property;
and now it is proposed to conflscate
loyal property. When / expose re-
pudiation as conflscation, Inean to
be precise. Between twoenactments,
one requiring the surrender Of prop-
erty without compensation, andthe
other declaring that the nation shall
IL I'D n,.iu nat ra,a, d 1, q e11nl q al n