The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-19
THE TRUE REPUDIATORs.

There Is very trite old adage which the
Republican leaders and the Republican or
gans throughout the country have adopted
as their rule or ectiDn. "A lie we'll stuck to
Ii almost as good as the truth, runs the say
Ing. the wisdom OF which has never been
more conspeuously demonstrated than In
the manner In which public opinion North has
been to some extent. moulded by the IN
founded allegations Of Messrs, Sher man
Conkling. Blaine Il Go. taken w and reiter
ated by venomously hostile press to the
effect that the Democracy Of Louisiana = :
party of regulators, and that Il
has actually repudated a portion Of
the State debt. These statements, 1t
Grated and reiterated, have unuuastionahly
redounded to the injury OF nuE people and
cast discreclit upon the State, for the reason
that most people prefer To accept the asser-
tinne Of men who are presumed to he familiar
with the subject treated than to investigate
for themselves. Realizing the advantage
which the enemies Of Louisiana possess IN
the way III superior ability for Islander and
III the means for circulating their taleehnnds,
we will nevertheless call tile attention vt all
thinking and fair minded men III the country
to the fact that the only scheme Ut repuaiR-
ton ever attempted aud successfully carried
out in louisiana the most bragan anl Nhple-
sale reputation ever perpatratel, was that
which the Republican patty conceived and
executed under the usurpa'ion Of Mr.. Kellogg
whereby debt Of s24. 35f .aas " was arhltra-
rlly reduced 60 StH,non,0o0 In order that al
enormous amount Of questionable bonds and
warrants belonging tn Radical oGice-holders
might be funded and the rascelties OF the
Wreckers Of Louisiana be covered up and
placed beyond tho power OF Investigating
committees. This was bald, repulslve, inex-
eusable, shameful reputation Reputation ct
honest bonds In defiance and against the
earnest protest Of their holders. aud In the
Interest Of the owners Of bonds and warrants
that bore the stamp Of ilegality, and which
were issued In furtheranee Of the most ininul
tous schemes and jobs ever perpetrated upon
struggling but helpless people
In the face of the gigantic wrong this gar-
Ing swlnde. which was finally consummated
hy constitutional amendment submitted by
the Kellogg Legislature and declared adopted
by Radical State government, the charge
against the Democracy Of Louisiana comes
with an exceedingly bad grace from Mr. Kel-
logas friends, John Sherman at ais. But for
the enormous taxation and intolerable bur
dens placed upon our people by the carpet
bag governments by and with the full sane
ton and support Of the Republicans Of the
North-we should have been fully able now
TO pay every cent principal and interest. Of
our just dues, but robbed for more than ten
years. az no people were ever robbed before
W. toI, n fr Inv In fn
ments and BY a tax which at one time was
as high as az mills Oh the dollar
we found. on assuming charge of the wreck
of the State, that it was absolutely essential
that there should be some relief, for the peo
pie, who with every desire to pay all legal
and equitable claims against them, were com
PEELED to ask for respite. The only limit TO
their willingness to pay vas their ability,
and to the utmost extent Of that ability they
will settle with their creditors. The debt
ordinance adopted by the Constitutional Con-
vention does not touch the face OF the debt, It
recognizes every dollar of 1t and simply pro-
poses for d number Of years To pay reduced
rate OF Interest," per cent for five years, ;
per cent for fifteen years and per cent there
after. This relief, which the wholesale
epoliatlons OF Republican administrations
have rendered imperatively necessary, this
respite from burGen which was greater than
any people could bear. OF ever have borne is
In no sense Reputation. and when good gov
ernment and returning prosperity shall place
the people Of this State once more IN posi-
ton to be liberal we do not doubt they will
acuut themselves az they have ever done
III .,f ~ ,,,I
right and honor. It may suit the present
purposes of the Radical leaders to speak
slurringly Or the Democracy of Louisiana as
party OF repudiationlsts, but the people Of
the country will not soon forget who are the
real regulators, or who perpctrated the OUT
rage upon the hondholders III 1874.