Year: 1866

We take the liberty of making the follow
ing extract from letter just received from
friend, on a subject which is exciting much
attention at this time. We can assure our
friend that we are not a repudiator. Any
report that we are a repudiator, or that we
would advise either individuals or the State
to act dishonesty, is unfounded. 1t is bet
ter to be poor and honest, than to be rich
and dishonest, and mean. But the people
are demanding relief from the burdens that
are pressing them down. Our sympathies
are with the people, and we wish we could
see some mode of relieving them. No mode
has yet been suggested which meets our ap-
proval. 1t should be remembered that the
creditor is entitled to as much consideration
as the debtor. What is wanted is time, and
some reasonable assurance that the principal,
at least, of debts will in the end be realized.
Time, industry, and economy, with restored
Union, cannot fail to produce good results
But until the Union shall have been restored
we cannot hope for that confidence between
man and man, and that enterprise in bust
ness which are necessary to general state
of prosperity. Every thing depends on
restoration of the Union. If the present
state of things politically should be indef-
nitely continued, we may look for the in
coming and prevalence of almost every evil
The wanderer must get back to the ''old
homestead" before he can take new start
in the great business of life


1t has been charged that the Senior Editor
of this journal wants office, and that he
favors what is called repudiation in order to
obtain it. The charge is false We would |
not do wrong deliberately, or sacrifice prin- |
ciple, or abandon what we believe to be
right, for all the offices in America Our
enemies may believe this or not, just as they
choose. We do not seek to propitiate our
enemies. We could not do it, if we would,
for the plain reason that their enmity is
founded in prejudice and not in reason, and
it is not possible to propitiate or influence
those who are controlled by their prejucfices
President johnson told the colored people of
the District of Columbia, who waited on
him recently, that time would show he was
The best friend they had ever had. We say
he same to those of the people of this State





show that we have served them faithfully,
is we have warned them faithfully, and that
hey never had more sincere or unselfish
riend than he who traces these lines. They
nay not see this now, but we fear they may
eel it when it is too late to apply the rem
dy. Restore the Union! That is the first
,reat panacea for all our ills


The time has arrived, in my humble
opinion, when no man should connive at re-
,udiation of just individual Indebtedness
The time has come when it behooves every |
nan of moral honesty and worth to put his
oot squarely down on every thing that
mells of such repudiation, either by direct
IT indirect legislation. Show me the justice
n allowing one man to retain his wealth, or
if you please-when, by such
curse of legislation, you impoverish his
reditor. Many men can pay their indebt-
dness, in part. at least, without sale-and,ts
would do SO, but for the already existing 4
tay-law. Let me state some points in my
wn case, which are facts. My sons are sat
ome, at work, and 1 have debtors whose
hildren are at Chapel Hill, and other COL
eyes, and who live in style that cannot
ford. have debtors who are merchants, {
o1ng North twice year, and buy goods l
nth cash-and the same men won't paw me {
dollar; in fact, cannot, (though have
considerable amount due me) collect enough
D answer my Immediate necessities. am
lduced to write you, in this homespun style,
s it is reported here that your influence will
o in the direction of ui,tual reputation,
lough I am not at all prepared to credit
he report; on the other hand, 1 hope you
gard such man as no better than horse
lief. The only means of support of many
rphan children (several could name in this
)unty,) are honest credits in the hands of
leir guardians. I have a small tract of
oor land, and many of my debtors have
rye, valuable tracts of land. I hope, Sirs,
lat you will take decided stand to allow
dividuals to settle their own affairs in this
after. What justice is there in legislation
r the benefit of one class to the prejudice
another ~


We are compelled by the pressure on our