Reputation.
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The Detroit Daily Times desires US to copy a
couple of its columns paliiating Repatriation. If
the Editor will us that he has fully corriaced
him.elf that Michigan and Mississippi ought not to
pay the Bonds issued in their behalf, We will con-
slider his arguments.


One word on the general question We have
been accused of using harsh language toward, the
delinquent States for not paying their Debts, or
the accrIDg interest. This is grave mistake.-
We never censured Indiana nay other State for
not paying in view fhcr alleged inability 10 do 50
but for acting as if she meant aever 70 Pay If the
last Indiana Legislature had merely resolved that.
though the State could not nor fulfil her engage
mcn,s. she still held them sacred, and would fulfil
them a. soon as she should be able, We should
have murnurcd nevera word. 1t wa, tie disposi-
ton evincod to paltcr with solemn conracts-to
aid in the depreciation of hcr own securities and
then take advantage of that depreciation at which
we icyolted.


A to all the prcteAts of insufficient considera-
ton received or insufficient power in the agents
who issued. We have one short answer; Let crery
state tclich tins pleads in bar cf her orH en-
OdOfWrHtS ShOHttt me case 10 n cOmlttNt an"
impartial legal tribunal. 1t is very easy forher
to do so however dcuitin her default to the hope
les. holders OF her bonds. Until the AntBonder.
do this, or manifest disposition to do it, We can
not but regard them as atrocious and shameless
swindlsrs-just as they are regarded by the whole
civilized world.


As to the stories set afout in the West that we
are ins,isated by brokers or owners OF Repudiated
Stock. we can well afford to treat them with inei-
fable contempt But, If there be any one whe
need. 10 he assured that 50 holder of Repudia.ed
Stocks or OF any Stocks ever -poke to Us N the
subject or requested u IL publish line about IT.,
we give the assurance with heartine's. W. haze
been impeiled by motive but loa'hing OF
knayery and a regard for the fame OF our Country
and Countrymen.


" for American credit abroad, it. destruction j.
Accomplished and we care reihinc for that. Ii
our People had been able (sincs 1888 to in
cur one dollar Of debt in Europe itwoud have been
a great blessing. We frryentiy hop, that Foreign
Credit IA now al an end.