From the New York Tribune.
REPUD UDIATiON.
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The morning News petifogs well Tor
the RepuIatoIs, and by the help OF rouEa
assertions wherever necessary, Is enabled
10 make theiI case look rather more respec-
table than it did in the Democratic Re
view. Ii has encouraged iiselfto say that
there is no strictly legaf obligation on the
part ofthe States to pay their repudiated
Bondsl though it sill thinks they should do
il from a romantic chivalry and generosity!
A bold faced Regulators very thoroughly
explodes this pretence IN yesterdays News
To say that they are under no obligation 10
paw is instrucling them not pay whateveI
NAV be pretended. No communly--cer'
.ainiy no Loco Foco one-wIll ever tax II
self 10 pay Five or Ten Millions required
Of it by mere punctlllo.


/ We have shor: method with all TIN
ouibbIing about the legality OF the bonds
| Gentlemen if YOU really believe your fes


pective States not bound in equity and ac


cording to the settled principles OF Law !.


nav the bonds issued in their names, w.


YOU lust consent to have case made wnic


Shall involve the question and trlsd IN ID


Sppreme Court OF the United StatesE


thai Court pronounces the bonds lnvaild w


have no.hine more to say. lf you go b


fore il in good faith, and prove your pu
mise 10 abide It's decision. we Will retfa
! all our impusalions ON your good taIth


the premises. But so long as you Pte'e'
: 10 have a good defence in Law aud equ"
and vet carefully shield yourselves ffo
I rial before any impartial Tribunal 10
can we believe you slncereF GU ;
you have the right but The case Is prah
facie against you. There is the prom
!. - nav of voar respective States, duly sig
4 ed by her functionaries; it they had
!, rioht 10 involve YOU. or vitiated the obiilg
y tions they signed by disobeying your Q rae


step boldly into Court of Justice and
o tablish it. Integrity is not afraid OF an


partial judgement. courts it rather,
0 mands 4. Why do you hang back


Why do you hang back What sho'
n we think ofihe Peer who, beng afraig'