The Portland daily press., 1870-02-01

Democratic Congressman may be divided
with reference to finance into two classes.
In the inst class are Mungen, Jones and Gal
!aday; Ia the second Eldridse, VOORHEES,.
Cox and many Others The first class is COM
posed of men who, like the classic Munger,
tie uuconquerabe Jones and the persistent
Gdlladay, carry their theories to their logical
conclusion aud declare themselves uublush-
ing repuliat1rs; the second c.ass is composed
OF men who in a manner that Mr.. Galladay
Oh Saturday justly characterized as Coward
lya shrink from the consequences of their I'M
patriotic propositions.
Every ore remembers that not many DAYS
ago Mr.. Mungen in one of his not lhirrqueht
periods of mental ezaltation gave ullerance
TO his well known views Oh the national debt
He nresented as the orthodox Democratic
d ,ctrine the pule, unaduterated, undisguised
.puliaton-tbe naked horror itself. Imme-
dately every prominent Democrat in the
House was on his feet in the agonies of ex-
Panatisn and depreciation. They assumed
most apolosetic tone and "repudiatad all re-
pudiators." Alb, no indeed, the whiteness OIL
their tame should never receive a blot from
contact with that unholy, execrable thing!
Even the siver-tongued Galladay did moi
come to the rescue Of the illustrious Mungen
On that occasl II, leaving the latter to crawl
dejectedly from the House before the vote
was taken, while the silent but unteri6ed
jones alone OF all the Democratic host had
the sublime courage that enabled him to put
his name on a historical record as the sole af-
frmative to the dishonorable proposltion.-
On that day Edrldge, Woodward and Voor-
hees triumphed. They seemed to have made
it appear to mankind that there is difference
between their sugar-coated reputation ana
the genuine Mungen-J ones-Galladay repu,
dation. But the day of the honest triumv-
rate was to come, and that was the day
when Daniel VOORHEES,, ablest and boldest OF
the left (Copperhead) wig of the
Democratic party rose to explain
and enforce once more the doctrine
Of payment of the debt in oreenback:.-
Daniel urged With all bis might circumstances
invaidating The contract between the govern
ment and its creditors. He spoke OF the in
adequacy of the consideration offered by the
creditor for the governments promise to pay.
He undermined the claim OF the bondholder
by every argument, legal and moral, that could
be used 10 demonstrate Its absolute worth
lessness. Ex:ortion on the part OF the creditor
and duress on the part of the Uuited States
Woe among the facts cited to aceoken the
pinuloS eorcr of the contract-to weaken moi
70 destroy, Tor Daniel is not repudiator al
all anu can see a vast legal difference between
conhscalipS part ana the whole OF the bond.
holders property.
But the willy Galladay was lying ia wait,
and on last Saturday remarked to til, House
and to the country that he welcomed 10 bis
eompanionship so illus trous convert to the
doctrine OF repud alton as Mr.. VOORHEES,
yet" said the crafty but logical Galladay.
his Arguments Tor reputation are stronger
than mine, and adopt them. Ii there is Q
contract the bondholder's claim cannot be
snlken, but Mr.. voorhees, has shown that the
contract is null, and therefore we have notb-
1ls TO pay" This brought Eidlidge and all
MS associates 10 their feet once more, but this
lime their protestatops ere OF no avail. Tb.
TACT that the representative repudiator accept.
% their arguments and claimed VOORHEES,
Eldridge and their associates as his own made
all the frantic disclaimers OF The latter gen
uemcn utterly lmpotent. So the Democratic
party has reputation hung upon its neck by
Its own members.