STATE REPUTATION.
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1t seems. by letters from London, that the
subject ofrepudiation by the States, is absor-
bing considerable attention. We wish that
the true circumstances and facts IN relation
to the sale of the bonds, were known to our
citizens generally. Demagogues have so
misreprescnted them, and reused so many
prejudices, by false assertions, that the minds
of the most honest, and honorable men are
conscientiously persuaded, that they ought
not to be paid. We are told that they are
in the hands of the rich Bankers and specu
lators, the Rotchchilds, Earrings and others,
whereas, in truth, the loss falls onl " upon
the poor widows and pensioners, and other
small capitalists, who have invested their
little savings in that way. 1t seems that
these extensive merchants induced thous-
andsto purchase our bonds, because bearing
higher rate of interest; and by their rep
reservations of our solvency, and honesty,
disposed ofthe whole amount of American
securities, throughout Great Britain and the
Continent This loss falls upon those least
able to bear it, and many instances are given
of hardship and misery, produced by repu-
diation. Will any honest man calmly re-
fleet upon the times when they were nego-
tiated the fairness OF the transaction; the
means they had ofdetecting flaw our re
ception of their money, and squandering 1t
among us2 and then permit the humbug OF
Constitution 0he demagogues shield and
hobby agents exceeding autAor'tg,' and
such like unconscionable excuses, TO drown
our feelings of national and of personal
shame. and henest regret2 Upon any 9TH
er subject but this, we would feel assured OF
the immediate triumph of truth, but here we
have to contend with the demon of par ty
hacked by Mammon, and long will be the
contest though truth must finally vanquish,
and the bes: policy (honesty) 0itL eventually
prevail