Year: 1869




The Charlotte Democrat comes out fairly
and squassly against repudiation. We had
anticipated that our cotemporary would do
this. That we may not do it injustice. inpre-
senting its opinion, we copy the article entire
which is at once forcibie and logical. The
Democrat says: Lest there be some doubt
aboubt our position, we say emphatically that
we are OPPOSED to repudiation and to all
other dishonest schemes; therefore Te'have
directed public attention to the manner in
which our State bonds were being manipu-
lated by spectators to the great discredit
of the State. We intend to urge reform in
that respect, and oppose further appropria-
tions of the public money, as We did oppose
the late appropriations OF the legislature,
but re s,iH Reeer c0nsent to repudidte any
dsbt contracted By. the Representatives OF the
State in General assembly, aud not ProRoua-
ced Rlegal by the Supreme Court or other com


patent authority.


AWe do not own Bond of any sort-all


We have is in real estate, and we prefer that


that shall pay the tax rather than see our


good old native State degraded and dis
honored-


Reputation would cost the people OF
North Carolina five times the amount of the
present debt, besides dishonor and disgrace
1t would injure the poor man more than the
rich, because it would destroy the last re-
mains of confidence in State or individual
securities Nc indeed, the people cannot
afford to endorse repudiation. If repudia-
ton is popular, then let it be understood
that we are not on the popularside. Instead
of talking about reputation, we ask the
STANDARD and other papers in the State
to 4 US in exposing the schemes for


so 6pg The pub E ~ 1ey and hep US
defeat the men engaged insuch schemesI1l'
This IS an open and manly opposition to
dishonest scheme that would bring dis
honor and ruin upon the nation. So long
as we may direct the course of the STAND.
ARD, so long shall we oppose repudiation,
and all extrayagant appropriations that
NAV 50 increase taxation as to suggest repu-
diation. @


We have before declared our opposition
to any more appropriations for any purpose
save the necessary expenses of the govern
ment and kindred objects. Six months ago
in an article entitled "Hasty Legislation"
we condemned the unthinking haste with
which appropriations amounting to millions
had been made We believe that the rate
of taxation is entirely too high and we wish
to see them lessened, instead of being added
to. Hence we are willing to aid the Demo
crat, or any other paper, in preventing the


success of schemes to squander the public
money, and request them to aid us in turn


in our efforts to prevent extravagant appro-
priations.


Last winter mania for appropriation
seemed to have seized upon the Legislature.
Any appropriation asked was given. And
this was not the work of our party, but
+" Democrats as well as Republicans cast
vote after vote in favor of the appropriations
which were the cause of the high rate oftax
alton under which the people now suffer.


1t is now the duty of good men to see that
the acts of last session are not repeated. 1t
is their duty to protest in the name of the
people against legislation which will injure
the people. To this work we are pledged
and the pledge win be sacredly kept. In
this we are willing to drop all party feeling
and cooperate with any paper which will
labor for the good of the people.