gSttSford BEDFORD PA., FKIDAV, JI LV l lflOX COL'NTT nominations. run tbk lkoislatvrk, lion. . • AB3ISTKOSH. abject to decirien of the Legislative Conference. DISTRICT ATTOIi.Tk.Y, s. T. HEAVY. EM(..f Bedford. ASSOCIATK JI SC., ( apI.AUAM WEA¥I:HIIS. Kin. TREASCRKK, (apt. SEMK Wt'KEBHOOF. Bedford. cowsrrr SVRVETOR, DASIEL HA3W, West I'rovWence. JCBY COHWISSIONKR, WILLIAM KIKU. St. Ir. COWXISStONK-R. I< EX BY J. BKI MB. t imilM'rlsml Valley. POOR MRKCTOna, HIIIS S. fIETRMR. sjrr.. M. Wosdherry, LEOHARII BITYEH. !!yrs.. Junkrt*. AIWR% JAMIX A 1.1.150*, Kapler. cokonbk; C ( apt*. AMOS KARIVKTT. Sontbniripton. DISGRACEFUL. Under the above, .striking caption the (!azette of duly 7th has the following; The reception given the LWth P. A . Ihe time of the return of this regiment was studi* i nsly kept from the knowledge of the Demo crats of this place, or there would have beiin ;; reception given tbeni worthy of those bat tle-scarred veterans. Fioiu the above lovintr notice of "those battle scarred veterans''the uninitiated tuipht lie led to suppose, that the reception, that : >uld have been given them. by tin)-* wh. could see nothing to love in the soldiers till 'Johnny came marching home", would lave been a magnificent affair. What kind of a reception these fawning, sycophantic hypocrites would like to have given our I -rave toys may be inferred front the following table, showing liow they laved the oMier when he had need of their sympathy, i here were dark days in August 18*4 and the heart of the soldier was sad. The friends of the soldier were desirous of showing their confidence in hint by so amending the constitution as to give him a right to vote, the election tookphiee on the *th day of Aii irust, 1864. We give the vote fbrand against the amendment together with the vote for President in November, also the majorities riven in the different townships Ax ' 2- iL 5. - S" ~ "* "* i- £ 2 ? 5 2. v -7 : I : = ■? 2 =•' = I f i = = 1 I : I h • j ; • ; . : 5 : Bedford bor 126 76 100 SO 26* ' 13 Bedford tp 230,163 119,117 12> 33 Bloody Run bor. 21 9 51 55 30 46 Broad Top 77 6 148,105 71 99 Colerain...; ... 158 128 61 69 97 59 Uurob. Valley.... 187 92 4' kB2 146 6s Harrison 73 -48; 6S 61 5 IS llopewell 62 8 105 9s 63 90 Juniata. 203 130, 48i 64,156 S2 Liberty 115 91 SO 59 36 32 "Londonderrv 84. 73 46 43' 38 29 Monroe 113! 81 • •• IVovTKaEi 12 itUiKuaa. 71 iti I'rov. Wt.....i 42 23' 86 91 43 71 St. Clair 191 176 lOSj-168. 23 9. Sehellsburg bor.. .53 45 2-1, 23 29. 22 Snake Spring.... 72' 52 39 13 33 9; Southampton.... 193.165 51 30 139 '29 Iniun 141 105 125:129 18 24 Wuodberrv M..., 126 8 158:176 1 331168 AVoodberry S l8j 65 94; 85 14 j 20 Here we see that of the seven Republican districts in the county every one gave a ma jority in favor of the soldiers, all together making a majority of 629 for the Amend ment, while of the fifteen Copperhead dis tricts only four gave majorities for the Amendment and those majorities in all only amount to seventy-five votes, while all ta ken together gave a majority against the soldiers of 476. The whole number of votes cast in the Republican townships at the August election was 961. of which 795 were in favor of the Amendment and only 166 against it. On the other hand, the whole number in the Copperhead districts was 2557 out of which only 1027 were for. while 1530 were against the soldiers. That is. of the 1696 votes against the soldiers 1530 were cast by the Copperhead districts, while in the Republican districts there were only 166 against them. We would call the attention of our readers to some striking features in the above table. We would ask them td observe for instance, the similarity in numbers of the vote for Lincoln and that for the soldiers, also the striking contrast between that for McClellan and the vote for the soldiers, then going a little further we would have them observe the marked simi larity of the vote for McClellan and that against the soldiers. For instance— Bedford township. 119 for Lincoln. 117 for the sol diers; Bloody Rub, 51 for Lincoln, 55 for the soldiers; tit. Clair 108 for Lincoln. 168 for the soldiers; Schellsburg 24 for Lincoln, 23 for the soldiers. On the other side whenev er there was a heavy vote for MeCkfian there was a heavy vote against the soldiers. Southampton, 193 for McClellan, 165 against the soldiers; St. Clair 191 for McClellan 176 against the soldiers; Schcllsbtrrg 53 for Mc- Clellan, 45 against the soldiers: Colerain 158 for McC'lellau, 128 against the soldiers; Lib erty 35 for McClellan, 32 against the sol diers, thus we might go on, bit our readers can make these interesting comparisons for themselves, and by them measure the Cop perhead love for the soldiers. What a pity the Cops did not have an opportunity to give the soldiers a welcome: however they can console themselves with the knowledge that the soldiers have a very vivid recollec tion of their compliments of the Bth of August 1864. QUITE HIDICULOVS.—WC are frequently approached by some (Joumiwifive, who asks not to be placed in the same category Kith Meyers, giving as a reason that he was in favor of the suppression of the rebellion and never opposed the efforts of the government to maintain the Union intact. This We con sider the most sublime impertinence. The idea that one man does not go as far as another when he votes for the man that he does not desire to fee classed with, and at the same time votes and upholds the same ticket, is simply too ridiculous to talk about. We cannot allow any man who has voted the Copperhead ticket to escape the common odiuxn of the party unless he con fesses his error and resolves to do better in the future. No more of this ridiculous pqp sen.se. C© NT R ACT IOX ,pF THE CURRENCY. Not wit h>t i k ling the familiar fhblo of - Esop„ the s#tiie short-sighted policy, of killing the goose that lavs the golden eggs, is being every day tv"| rated by the s W$U a* the humble citizen; by the learned pro a* well as tho ignorant laborer. Just at present we are having an exhibition ol this KMoe policy on a grand scale and its-of-: ti-et. ii urn speedily eheeked, will be to say 'the U-ift• deplorable. Imdcy the false idea I that a superabundance of euireuev was the cause of the high price of gold, a try has been raised by newspaper and would he financier? faf a contraction in the currency and rettirn to specie payments. The Secretary of the Treasury has also .sig nified bis intention of enforcing a speedy : return to specie payments, and with this view has set about contracting the currency by withdrawing from circulation and furid • inn huge sums of Government m-tes. 1- der tbese cireninstances the currencyfs being . ... a|-:d:\ .onfractedas seriously to inter re with tin ..rditiaty businessof ihe court try This is being done just at the time when the.South is opening its doors tons and inviting enterprise and capital to coriie ami rebuild her desolated homes, repair her railroads and canals and once more set in motion the wheels of business, in their amis tomed chaliheb?. She is without any circu- lating lncdiuio and intict depend upon the Cioverruptnt to furnish it. Thus we seethe demand tbr a circulating medium doubled by the wants of the South and at the same time a rapid contraction policy inaugurated. Under the joint action of the Southern de mand and the contraction policy of the Treasury Department the whole business of theWiintry I- in danger of being brought to :1 stand, still, and bankruptcy will be staring ns in the fecO before we dream of it. Will oar rulers never learn wisdom from experi ence? Ifave our-statesitien not yet learned that gem rid prostration and bankruptcy j have always fallowed madden contractions of j the currency not only in our own hut in foreign countrif&? to HIT the hank of England contratted (lit! circulating medium of the kingdom twelve millions sterling, (sixty millions of dollars), .and caused the -uspension of every fourth btftfk iu the kingdom and the 1 ankruptey of every tenth one. If such was the effect of a con traction of millions a year in England, what must 1* the effect upon ns of the eon traction of our currency at the rate .of mil lions in a week, while at the same time the extent of the country requiring a circulating medium is more than doubled. Can w&en tlure such a reckless policy without utterly prostrating our industrial interests ? With our workshops closed, our furnaces stopped, our manufactures at a stand still, onr mines of ootd and iron deserted because there .is uo demand tor their products, where will be the incomes upon which to levy taxes. — Without employment for our people how can they buy foreign products and where will be our income from customs. Why will our rulers madly pursue this Ignis Fatuus of a mercenary and partisan press? We are ill linrv J? -ay nay <Wvt>t e„ •blind and reckless policy, than from the preaching oi sucli uicu <*= WnndeD Philips, for it will speedily bankrupt the country, .destroy our sources of raventiQ and prove more disastrous to our prosperity, than re bellion itself Area if their theory were right, aud the high price of gold were en tirely the result of an inflated cUrfeflcy. we need no further reduction of the £old pre mium until Congress shall increase the tariff rates or reduce the internal revenue tax up on manufactures. Our furnaces and facto ries are already at a stand still in many pla ces, because the taxes on their products have neutralized the protection afforded by the tariff duties. Our manufactures are every where lanqnishing. If gold falls to par, be fore Congress meets and applies some cor rective, it will result in the total stoppage of our manufactures and their thousands of employees will be thrown upon the country for support or driven into agricultural pur suits and the products of the fann will overstock the market and become unprofita ble as the result of this ruinous policy. It were far better to bear with the slight in conveniences produced by the gold premi um, than to prostrate >ur industrial inter ests and bankrupt the country in order to hasten, by a few months or even years, the return to specie payments. Tl IEYRI kn M or THE soldi Kit. —The Gup -1 airheads wtmld fain make the soldier believe that they are and have been (heir friends. A most striking illustration of Choif love for I the soldier* is in the defeat of Samuel" Ket (term an. their only fairly nominated candi date for County Surveyor. Mr. Ketterman on the '.Sfh of August last, in defiance of ■ Meyers and she rest of them, went to the [tolls and voted in open ticket in favor of the amendment allowing soldiers the right of suffrage.' Pro to that moment lie was a •'marked maif. they swore his overthrow, awl mark the result. W hen the Copper head convention assembled on the 19th of .June last, Mr. Ketterman was presented by three-fourths of all the delegates for re-nom ination. All maimer of charges were trum ped up against him. The great Mogul cal led on him and requested him to withdraw, intimating that he had determined he should be defeated if he did not. I u convention he received thirty- two votes on the first ballot, a dear majority of ten in a full convention: then a Mason, of Cumberland Valley, moved to nwnti&ier the ballot, stating that Mr. Ketterman had voted for the riff hi of mjfrnffe to soldier*, and therefore should not be trusted. The vote by hook or crook was reconsidered, and ou a.seguud ballot he received tweity-eight votes, or a majority of six in a full convention. Again an effort was made to reconsider the veehnd ballot, this created a storm, under cover of which a vote wa- taken by the "soldier* friends'' which *tood : Ketterman seven, and Dona hoe eleven:' A majority of the Convention, indignant at the proceeding, refused to vote atid.jPonaboe was declared nominated Now soldiers, what do you think of this love for you ? Here was a Democrat who had the manliness to stand up for the right of suf frage for votl. and for this reason be is kick ed out of the J'arty. This you will remem ber wa* done ouly a few weeks ago ! Ob, how they love the soldiers and their friends ' .B^%^Copperhead soldiers are as scarce as hen teeth. A BLICJIIT IUFFKRESCE. The reports of the Post Office Department ; show a net profit for the last six months of | 1 St>4 of $ 732,230. r.O, or at the rate of about j a million and a bsrtf year. The profits foT j the fife six months of 1865 will he yet larger. | During the last six months of Buchanan s ; administration the loss in the same Depart ment Wn*soJtW,N or at the Tate of *<>,- MUM MX) per year, making a difference in fa- J vor of Lincoln's administration of $8,264, to^-peryran Ye* M*" 1 w '° imploring the yeoidh to re-iustuto them n. , power if they would be saved from rum. j Now while it may be ruinous to the Copper- j bead party to be deprived of power, it is do- j eidedly the interest of the country to let the ; partv go to ruin and the sooner the better, j J. j* n. notorious fact that under democratic j rule all the other departments of the- Gov- | eminent were quite as badly managed as | the 1V t Office, f u the last d ays of Buchan- j art's administration, the nation, though at i peace with all the world and ruled by two j democratic administrations in succession, was in debt, and its credit so completely de ' stroyed that it could not borrow a dollar | abroad at any price audits bonds went beg j giog in our own markets at ten per cent ; without a buyer, until a few patriotic capi talists. to save the nafion from bankruptcy, came forward and advanced the needed money. Now after tour years of the most gigantic warfare ever recorded in the annals of history, our national stocks are in de~ maud iu every market in Europe, and, though the nation is burdened with a debt bordering on S:b(XXUXKV-** , not only our own people come forward and loan their money to the government at 6 per cent by thousands of millions, but foreigners are Cairotiy competing with thetu tor the privi lege. Who wants any bettei evidence that the modem copperhead democracy have been hurled from power for the; conn try's good, however disagreeable it may be to Copperheads are in most cawu eiating misery at the various attitude* as sumed by President. Johnson on different, leading (jUfistions. They started off a tew months ago with any amount of flattery.con fidence and support to make up for their failure to assassinate him and their assassi nation of President Lincoln. They condemn, in unmeasured terms, the hanging of Mrs. Surrnt and hold up the commission that pas sed judgment upon her as equally guilty of murder, while President Johnson, who ap pointed the commission antl approved of its i findings, is a very good Democrat. How t they can uphold oue and condemn the other can only be explained by a member of that party. Well, well, we must indulge them in regard to Mrs. Surrat. She was the last ; great mother of the Party and we must al low the affectionate children to shed their bitter tears und vent their pent up wrath upon whomsoever they please. It is sugges ted since the death of Mrs. ScrrAt that ''Old Jimmy" be regularly selected to occu py the vacant maternal chair. \ wurm \ iiMKsn -Ttu; fSaifttr. W'.-vs forced to admit the truth of our declaration that the children of the redoubtable Cop perhead* of this place were arrayed in red and white, the emblematic colors of treason arid secession, by their very portion* moth ers. But it endeavors to'cover up their in famy by exclaiming''lsn't it a brave fellow that attacks women?" Now, We were be yond a peradventnre paying these same ' wo men" a compliment fbf their temerity. They bad ;t least the courage to'sbow their cxslors boldly and defiantly, wTiilte their mote cowardly lords Isft them in the front ratilcs to cover their snug retreat. But it flippant ly adds that we "will be excused for ing that fashionable colors were intended to represent treason." What made the "col ors" fashionable? Were they worn by loyal people without the mingling of blue? They were as distinct partizan emblems of the 1 nion and Disunion parties as the white and red roses were of the Houses of York and Lancaster. Badly SOLD. —Our CopperLcad friends during the campaign last fall persisted i tel ling their adherents that if Abraham Jin coin would re elected there would l>e four years more of war. Many took the h-adcrs at their word and refused to sell bnshel of grain at even greatly advanced prices. We know one who sold a portion of his oats at ninety cents per bushel and refused to sell anymore unless the price was advanced. A few days ago ho sold part of the remainder at thirty five cents, and will sell the balance, probably, for less. We know a num ber who two or three weeks before the taking of Richmond paid from *x(H> to SI,OOO for substitutes This is what the people real ized by listening to false prophets. We pity them and yet it serves them right. Tir.vr BLACK STIUPK.— -This ia.st Gazrttt in speaking of the American flag, nays: "Hut we could not sec the I/bid; xtriftr which the abolitionists profess to see in it-."' No, Mr. editor, you could not! When all loyal mon were mourniup over the death of our great and good President, when the "black stripe" was placed upon every patriot's flag in the country as a tribute of respect to Abraham Lincoln, yon and your Copperhead adhe rents were too much of traitors at heart to allow yourselves to render hint such an hon or. The poo pic know only too well that you couldn't see the "black stripe" in it. W hen any allusiou is made to a prom incnt Copperhead for any public demonstra tion there aretho.se of his class who cry out that he has lost a son in the service of his country. The Tories of the Revolution could have set up with equal propriety the same cry for Benedict Arnold who had even served in the army himself. The patriotism of the son. unquestionably should be re membered for all time to come, but we can f>t see what honor should he paid to the treason sympathizing father. The Union ticket of Bedford county is composed of six soldiers and five civilians. I he Copperhead ticket is composed of nine civilian- and one soldier! Nine of these, if they voted oh the amendment i>erniitttng soldiers to vote, voted against the right of the oiiv soldier on the same ticket to exercise the rights of suffrage. We challenge suc cessful contradiction. On the other hand even-civilian oh the Union ticket voted to enfranchise 'he soldier. TUK SPIRIT OF COPPER HKJ DISM. —Sev- eral weeks ago on the return o>f the gallant 1 38 th regiment, a valiant o<OM r who had served bis country oil many a buiri! contested field, and who had been seriou>iy wounded, was approached by a creature in the shape of si (Copperhead with whom the officer at. one time was intiniateiy acquainted, with, •'Well, VOW have >■„{ boiuv have you ? You are done butchering jiow, are you?" The officer remarked•that having accom plished the object for which they had enlis ted tliey were permitted to return to peace ful pursuits. The Cop re tained. "If John son wasn't President the war wouldn't be over yet. THAT ONJJ SHOT DONE n ALL !" I This is the spirit of Copptrheadisin. How | many Damons could have been found in I 1 Jed ford county to rid the country of the Di } onysius talked oi by the Gozeftt! Every Copperhead in this county had been I schooled for this jmrpose. PREDICTION ANI HYPOORISV. — The Bed ford Gazrtte of the 29th of February, Ist'.H, contains the following : We say to the President make not a Biony sius of yourself, for there arc yet Damons among the people of the North who will dare to resist any usurper: And after an assassin has been found to carry out the suggestion so pointedly made by the fii'zettc the following resolution gra ces thft proceedings of ih ir late Conven tion : Itexolred, That the assassination of Mr. Lincoln, is one of the saddest and most, ab horrent episodes in the whole story of our civil war, and we mourn thpt so dark a page as that which shall record this horrid deed must lie written in the history of our country. What hypocrisy! The organ of the party calls for the assassination of the President and when the object is accomplished this is the method adopted to cover up their infa my. Shame ! shame ! WH - It was thought a short time ago that the chivalrous Southerners would never Ix able to survive the overthrow of their bogus Confederacy. But it seems now that they are not half as sore as our Copperheads. These latter snap and thrust on all sides as I if thev really would ffaht if they were horn ! med in in such a manner that their was no j other way to escape. The Tories of Revolu tion and Federals of 1812. we are told, were j equally sore and died from the effects of | over-doses of caustic. And history repeats i itself in ail such eases. J- K. Morehcad, member of Congress from Pittsburgh, paid our town a -visit during the last week. The Honorable gentlemen looks well and. apparently, will enter the next Congress with body and mind in such a condition as will enable him to readily discharge his congressional duties with credit to himself and (lie whole country. We learn from some of the Eastern papers that he will be warmly supported for the gu bernatorial nomination. .The government of the Tnited States crushed out a rebellion of eight millions in the Southern States, while it awed into si lence all the Copperheads in the Northern <- lpson. pson. It is supposed that the Cops are the worse whipped class ot the two. BOXES.— In when a company of our eomity volunteers was about to leave our town for the seat of war, and was inarching down our principal street amidst the cheers of the surrounding crowd of men, women and chil dren. a copperhead, who calls himself a good democrat, gave expression to his feelings by saying that he wished "that all of the soldiers would leave their hones in Virginia." That there were others of the same persuasion in that crowd who thought the same wish, we have not a doubt, but thanks to a protecting Providence and the brave hearts and strong arttis of the volunteers, mo3t of that company has returned and are now enjoying the com forts of home. £-v"' The majority of our Copperhead lead ers are really in a desperate way. They have thrust themselves out of nearly all the Chris tian churches, because the ministers acted the part of patriots in accordance with their religion, and prayed for the Government and the success of the cause of llight. Their fu ture prospects are about a- dark, spiritually, as Jeff 1 . Davis". Wretched creatures! they would forfeit their tiny souls to save their party, while the probabilities are that both will be lost. The proprietorship of the Fulton lie publican' has changed. M. Kdgar King. Esq., retiring. During the editorial career of Mr. King the RtpuMican has been well con ducted. Me wish him abundant success in any new enterprise in which he may engage. His successor is a stranger. fcrw" Ihe Harrisburg Telegraph comes to us enlarged and in a new dress. The enter prise of itg editors deserves great credit. It looks very well. It is (he latest daily receiv ed at this point by eight hours. &-Z" The Copperheads profess great love for the soldiers, helilah manifested the same great love for Sampson, and Judas for our Savior. Beware of them. THE work on the capitol extension, at liar risburg, is progressing finely. THE wheat crop of Lancaster county will be nearly an entire failure. BETS are freely offered at Boston that the Atlantic cable won't work six weeks. IHE largest Indian tribe now in tbia coun try is the Camanches. They number twenty thousand. EVUCRATTOX is said to be pouring into Mis souri, and under the new Constitution she will get a population of loyal, thrifty, free State men. IHE story that the President bad pardoned the eminent rebel, Charles J- Faulkuer, of Virginia, turns out to be false. His case lias not yet been acted upon. BAKXI M, the show man, has given notice that he will iti six months, erect a building and collect curiosities to equal if nut surpass those destroyed by fire in New York. B. F. Hiu., formerly member of Congress from Georgia, arrived here this morning with important dispatches to the Government from Governor Johnson of that State. IN the ecclesiastical meeting of all the reli gious denominations, orte of the chief topics now up for consideration is, how to increase the number of yonng men preparing for the ministry. The war very greatly cheeked the increase of students. tli. Jay Cooke and his Pamphlet. An ancient writer, whose language fa even : now dead to the 'Common sight of men. once j wrote these woods: "It fa a pleasure to stand ; ujKin the shore, and to see ships tossed upon 1 i the sea; a pleasure to stand in the window \ ?of a castle, and to ,see a battle, and the ad I ventures'thereof, below; but no [dcasure is comparable to the standing upon the van tage-ground of truth, and to see the errors, and wanderings, and mists and tempests, in the vale below." Something of this must i be felt by Mr. Jay Cooke, as he sees the 1 comments excited by the poblkr.ition now before the world, prepared by Samuel Wil keson, but hearing the groat Financier's sanction. It is not often the lot of men to be the first to stand up and declare a truth; nor is it given to the multitude to be able to sis; truth when it comes to them. This is Ima uti fully illustrated in our recent history. When Mr. Sumner said, ten years ago, that freedom was national and slavery sectional, all the world but Massachusetts laughed; for slavery sat upon a throne, and gave eviden ces of power, and declared that her scepter should be borne to Bunker Hill. When Mr. Douglas anticipated universal suffrage by declaring in favor of popular sovereignty, men did not see the truth that was speaking through the lips of the politician, and mak ing itself manifest amid many false surroun dings. Truth is not always agreeable to men who have found error pleasant—but in the end it reigns. We might as well call the dead from the grave and hid them speak to us, as to attempt the re-establishment of slavery in America, or serfdom in Russia, or the reign of lavuis XV I. in France, or the Corn LAWS in England. And yet, in their day, ail these issues were living elements of society. A\ ben the wr.r was in its deepest gloom, and we were in the high agony of national effort, it beca\ne necessary to ask our people to accept the. faith of the government as the security for the payment of large sums of money. T'AO people gave this money, and it became their 'national debt.' - In other word-. 11 JC government accepted the nation s confide /no. as expressed in every way, and issued its obligations. As this "national debt is the most potent element of the • V; ' a', those who were in arms against us, and ■'jl who sympathized with them, took every means to destroy the credit upon which it was based. In every political campaign, men were found willing to argoe that these obligations were unjust ami unnatural —that they oppressed the poor, and were a fraud upon mankind in this, that they could never lie paid. We know the eifect of this oppo sition. Our enemies abroad held up our enterprise to lidieule and scorn, and great journals like the Londou Tinus gravely ar gued that of all the fools then cursing: Amer ica with their folly, none were greater than the head of our financial system, Mr. Secre tary I'liase. Our obligations were treated rudely Men did not want the note-of-hand of the fool-ridden republic. ll' they did take it,it was as something capricious—un certain —not what it claimed to he, and only acceptable with heavy discount Our friends finally came to believe that these doubts so constantly expressed had some importance, and instead of standing up manfully and saying: 'This note of obligation, signed by the Tinted States of America, rep.esents every stone and stick, every farm and work shop, every railroad and canal, everything we have of wealth or convertible into wealth in these broad States;" they pleaded for it, and entreated that it should not he dishon ored, and implored men of commerce and enterprise not to refuse it, and made lung, patient, honest arguments to show that it could never could Ire repudiated. "Gentle men," -aid the great Napoleon, as he flood on the deck of a man-of-war in the Mediter rgncxn, Uwvl-ina of the aJorioa of ora Italian night and listeniug to a knot of wise men who were proving that there was no God! "Gentlemen, there is no God, you say: Then who made all this?" There was si lence. To those who spoke of repudiation, we should have said, "Gentlemen, Copper heads. Time servers, Faint-hearts and Worldly-Wisemen, you speak of repudia tion. Look at this nation! look rt Broad way, the gold mountains, California, Canada yearning for us, our railroads, rivers, and canals, Chicago. Pennsylvania, the Missis sippi river, and over them the American sotuier with his musket. .Repudiation with this security! The ocean might as well at tempt to repudiate the salt that gives it freshness and savor. " We did not say this. It was easier to kneel, and implore, and ex plain, than to support and defend. 80 Cop perheads. Time-servers, Faint-hearts and Worldly-Wisemen had it all their own way, and such a going to the bad —such a prema ture national ruin -had never been known. From constant kneeling and entreating and dreading, the war left us hardened with a great error. We had incurred a great debt —thousands of millions—and were, therefore, so we reasoned, by the fact of this debt, behind the world in the race of pros perity. Because our obligations were in the hands of our own citizens to a great amount, we imagined we were to the amount of these obligations poorer than England or France; yes, even Mexico and Central America, and the Latin Republics around the Equator. 1 And the Worldly-Wisemen believed that, after all, there was not much value in our victories, aud that the capture of Lee was little more than a Fourth of July triumph, for it left us so wretchedly poor and involv ed that we might as well be dead.as lead the life of a sponging house victim. Why not? Had we not all been on our knees, begging the world to believe that we were not going to cheat them, and that our l>ond was as good as the gold it represented? Did not the Secretary of the Treasury make his monthly statements with their marvelous sums in addition, and had not every misera ble Copperhead orator rung the changes on " Debt and Death?" It was strange that we should have this Jeeling. Nations are as apt to err as men. A hundred years ago an English king believed that if he allowed a Catholic to sit in his Parliament his crown would be forfeited. Thirty years ago Eng land believed that if the corn laws were abol ished the agricultural interests would he ruined. Six years ago America believed that the best she could do would be to in tervene to prevent the extension of slave Territory: hut to the slave no territory should le free. And why should not we, fresh from all tumult of a war. with a great civil duty, fretting and perplexing us, new to the financial experiences of older rations — why should not we, stand appalled before this cloud —this pillar of fire —this phenom enon—this figure of speech. called the Na tional Debt. When error is over the world; truth is sure to speak ; and Providence, in this time ofgeneral error, has called upon a man to stand up and speak the truth. The Ameri can people are familiar with Jay Cooke. In his department, he has been as useful to the country as Grant on the land, or Farragut 011 the sea. We think Bcaliger writes : "When we walk in the light of Fame, we are followed by the shadow of Envy." And the shadows have deepened and lengthened around this utan as he rose in his work. He carried into his task the very elements that gave Grant success—concentration, system, displine. power. When all sources of revenue were dry, when we famishing for want of money, when it seemed almost in evitable that we should be compelled to go among the Rotholiilds and Barings and peddle our paper, like some seedy Sultan of Turkey—ibis mau struck the rock, and the waters gushed forth, and all the trilies be came refreshed aud gladdened. This work j lie has done in a plain, every day, eonanon i .-ense manner, without any "theatrical dem onstrations, without seeking the applause and attention of the world. Men call him an adventurer ; but Philadelphia knows that liet'qre the war gave him a national fame, . Jay Cooke was one other wealthy and pub he-spirited citizen#—* modest, unpretending Christian gentleman, to whom even* mission came, as it. were, directly from God, and was performed with an humble reliance up on God 8 will, lie organized and system atized, and developed the loan, and in the very depths Of national distress, wheu the dolorous voices of Wordly-Wiseman were tilling the laud with clamor, be succeeded in negotiating the Five-Twenty Jjoan. That triumph was as brilliant in its way as the fall of Richmond, and it just ifies us in comparing the simple-minded Christian gentleman who sits at his desk in Philadelphia, with the simple-minded Christian gentleman who commands our armies. The jioriod of his work is almost at an end. In a few days the last of the loan will be subscribed, and the work of the Sub scription Agent will be finished. While eu diug his work, Mr. Cooke has had the cour uge to speak of the National Debt as a "na tional blessing —unfortunately in this, that it does not fully express the idea conveyed by Mr. Cooke in las remarkable pamphlet. A blessing implies something bestowed upon us by some power—a gift, a reward, a means of happiness, deserved or undeserved. The National Debt is a mere figure of speech in the sense in which the money of borrower or lender is concerned. It is national respon sibility—national stewardship —the moooli zation of national labor, Every dollar of the National Debt represents so much labor performed ; and the accruing interest is only the wages for the performance of labor. It represents national confidence and national credit. Take away confidence and credit ; establish the mere idea that England did not regard her debt as a solemn trust and re sponsibility, ami the consols of Great Brit ain might be purchased by auy enterprising trunk-maker for twenty pounds. And so with our Five-Twenties and Seven-Thirties. In themselves they are gaily decorated sheets of paper. In the fact that they rep resent our government, they are, as Mr. Wilkeson so felieitiously expresses, a "first mortgage upon the United States of Ameri ca." We might have stumbled along with out incurring these obligations; but. in their stead, we should have had obligations countersigned by the officers of Jefferson Davis. We might have surrendered our war, and avoided the purchase of cannon and arms and food for armies ; but wc should have been as Mexico and the Latin Repub lics. Let Worldly-Wisemen and Copper heads, and all who believe that a National Debt is a national evil, go to Mexico or Ec uador, and see how their theory works. We had no national debt in the administration of Jackson, and that great nian shed tear?/ of joy and comfort when the last dollar was paid. Yet not many months passed before commerce—credit—wealth—national pros perity, were all wrecked in the most fright ful financial revulsion the nation ever saw. We were comparatively clear of debt in 1860 but 1861 launched us into a dreadful war. We will not follow these illustrations, for we are almost afraid of where they lead. On the other hand, burdened England, over whelmed and oppressed with debt —irretrie- vably ruined and so on —has gone through two or three alarming storms without shat tering a timber or straining a rope. Bhe | conquered Bonaparte,emancipated the Cat holics, reformed her Parliaments, subdued | Ireland, and always increasing her debt, pro i portionately increased her prosperity and ; power. If these measures had been attemp ted in the time of George I. the nation would have been in arms. The revolutions | of France have been harmless affairs since the Rentes were funded. People wonder at this mysterious Napoleon, and marvel that he sit" so long on an unshaken throne. Look beneath it and you will see a national loan, taken ami held by the people—in its nature and application very much like our * eleven-Thtrttes. Iu Kugland arid France the loan has been tin? great conservator ; it trims the ship and spreads the sail, and pre vents reckless and criminal seamanship. Man will go to war and rebellion for ideas, for fame and glory, for conquest; but when he has his money in the coffers of a govern ment, and rec lives his interest, and knows that with war money and interest will van ish, or be depreciated, he becomes a part of the government, and advocate of its integri ty, and as much a soldier as the gay fSouave ivho bears a musket in its defense. It is difficult to look at these simple argu ments without coming directly to the con clusion expressed in Mr. Cooke's pamphlet that the uational debt may be made a na tional benefit. Our idea is not to traverse the line of argument set forth by Mr. Wil | keson with such eloquent and magnetic pow er. We do not follow him step by step. Some of his reasoning does not satisfy us. We believe with him in a thorough revision of the I nternal Revenue system, simplifying our taxation, and njaking it as easy and friie from annoyance as possible. We are not convinced as to the necessity of export du ties —but let that go. We find ourselves, upon laying down Mr. Wilkeson's pamphlet believing as he believes, and even disposed to take higher ground. His argument marks an era in American politics. From this day forth, no Copperhead or Worldly- Wiseman will ever dare stand up and de nounce this debt as an evil, and propose ilis repudiation. Yet three months ago a great party was getting ready to make this issue ; and it would have been made with fearful effect. Mr. Cooke, by his declaration of a truth, and Mr. V\ ilkeson, by his exposition oi"it, have thrown these politicians on the defensive; and hence we have even-Copper head—Worldly-Wiseman—raving ana de claring that our debt is so secure and honest that we should show cur strength and hon esty byjpaying it off at once. We thank those gentlcmcu for having repudiation forever from platforms and conventions. Whatever else may be abated, the one thing beyond debate is the integrity of the national debt. Three months ago this could not have been written. Therefore, although the heathen laugh and rage, and imagine vain things, we are satisfied to accept the truth in its boldest sense—that the national debt, properly man aged, may be a great national benefit. And the nation should honor Jay Cooke for his boldness in pronouncing it,—A r ci c York Lulependent. i THK Democratic Press manifest a lauda ble determination to be pleased with Presi dent Johnson. His amnesty 7 proclamation is declared to be just the thing—couldn't have been better it they had done it them selves! If we read aright the Proclamation thus commended, it leaves every leader of the rebellion liable to the pains and penal ties of treason; but as soon as Gen. Lee's army surrendered, every Democratic paper including the one in this city, began to earnestly plead for the unconditional pardon of every rebel from Jeff. Davis down! But now the President is in favor of putting the chief rebels on trial for their lives and the Democratic papers arc in favor of it also. If convicted, the President will doubtless be in favor of banging Jeff. Davis, and the Democratic papers will be in favor of that also The Democratic party in consequence of its opposition to the war for the Union, ; ran down so that ii it did not keep itself in sight by holding on to the coat tails of the Administration, nobody would know there was such an organization in existence. The leaders of that party, however, even now do well to sum tort the Administration, but it is a matter of regret, that during the progress of active war. in the dark days of the llepub !rlti^n' y v n , ot *l>. support the Adtmnis- Si"; T " !1 - lUHt ** w< > r thy of their suppwt then as it is now. instead of oppos ing it by every means in their power. —De troit Tnlmitr. As order, found in Richmond, shows that tren. Lee is responsible for the burning of T cotton and tobacco in that eitv upon its evacuation. The Prospect of the Wool Market* A correspondent of the Country Gentb man furnishes some interesting speculations founded on facts, in respect to the proba bilities as to the wool market. He quotes some figures from the New York Trifmut as follows and then continues: In 1860 there was consumed by manufac turers in the United States, 80,886,562 lbs of wool, of which 10,875,120 Ids were im ported. In the salne year we imported s4u 000,000 Worth of Wooleii and Worsteds. To produce this amount of goods would require at least 64,000,000 lbs of wool. * * In 1860, had we manufactured all the woolen and worsteds we consume, we should have required in addition to what wc did raise. 84.000,000 lbs of wool. Sihce then our population lias greatly increased, which would increase the demand, and the short supply of cotton has also increased the de mand, for in 1860 there was mixed with wool in its-manufacture, cotton to the amount of $16,068,625 lbs. To supply the place of this would require about 20,000,000 lbs of wool, which added to thetK),511,3430f home production of iB6O, would amount in round numbers to 80,500,))00. This added to the 84. "00,000 referred to obovej will give 164.- 0 : * ,000 lbs. This does not include What would be required by extra population, nor for tlie increased demand caused by substi tuting a large number of articles which were formerly made of cotton, but now are made of wool. And as the Southern States be come opened, the demand must still increase. We think we are within the bounds of fair calculation if we add 3ft,000,<>00 lbs to our basis of 1860, which would swell the amount now required to 200,000,000 lbs, and this amount will never be less, but contiutie to increase. It was also stated that our "manufactur ers have consumed during the year that is just past, not far from 130,000*000 Iba of wool, while not over one-half of this amount has been produced in this country." Now. as in 1860 the consumption was 89,386,*>72* there was an increase over that year of 09, ; 613,428. So that, as there is a large num ber of facto; ies changing from cotton to wool, it cannot be far out of the way to put the consumption of wool during the present yetr at about 150,000*000 lbs. And of this large amount it is very probable that but very little, if any* over half will be produ ced in the United .States. I am aware that it has been and will be said, that there has been a great increase iu the amount of sheep in this country. I also know that in regard to the Northern States this is true. But at the same time it should be remembered, that about one third of all the sheep owned in the United State- in 1860, belonged to the Southern States; and as a general thing, the States that—like Virginia, Kentucky, Tennessee and Missou ri—then had the greatest number of sheep, have been those that have been most occu pied and overrun by the different armies ; so that there can be but few sheep left in the - South. As the loss of sheep at the South must be offset against the increase at the North, I believe the increase as a whole can be but little, if indeed it is any, larger in proportion than the increase in popula tion. The amount of cotton that will be; let loose by peace at the South, will not be like ly to have much effect on the amount of wool that will be used ; as if cotton gets much lower, it, will most probably be expor ted in large quantities ; while the unsettled condition of the South must prevent tt large increase in the auioOnt of cotton thru Will he grown for some years to come, as the cub tivation of the soil will probably partake more of the character of farming than plan ting, by growing less cotton and more of such crops as will lie needed for home con sumption. And then the close of the war opens all the Southern States, with their markets very bare of till kinds of cloths and cloth ing. And though it may be said that but few woolen goods will be ueeded at the South on account of the warmth of the di mate, yet it is Well known that much of our best woolens went there before the war, and that for a considerable portion of the year they are considered necessary in that cli mate. At the sauie time we shall still coutiuue to have a large army (some 150,000 it is •said) to clothe entirely with woolens, while there arc other very large armies; that, in laying by the Government blue, will want new supplies of citizens' clothing, to say nothing of the well known fact that, in con sequence of high prices the people of the North, as a general thing, have only nought what was needed for present use, leaving them with very short supplies on hand, all of which must continue to make a very large demand for the different kinds of goods made out of wool. ! There is another reason for a considera ble increase in the demand for wool over what it was before the war. In an article in the United States Economist, (April lot it is stated that— We have a large increase of machinery both for worsteds and woolens ; the worsted business having almost entirely sprung up during the last four years, and is now caus ing an enormous demand compared with the supply of course combing wools, aud giving them a value unprecedented in the whole history of the wool business, Last week, notwithstanding the severe depression, coarse Canada wool sold at $1,15 in Boston which was equal to 76ie in gold. Then we have a large increase of machinery for mous. de laincs. This business requires combing wool, but of a shorter and finer kind than commonly termed combing. This increase will require a greater quantity than the in creased production of the past four years, leaving the increased machinery to be sup plied from foreign wools. \\ e have also reason to believe, from facts that have lately come to our knowledge, that on account of our increased tariff, several large English manufacturers contemplate moving their machinery to this country, and bringing op eratives sufficient to work it. Reciprocity or Annexation. The Detroit Convention, do j.i re* the most studious attempts by some of t iic Canadians to repress the fact, has only brought out still more plainly, that with British America the sole remaining question is betw u rociproci ty ami annexation. One or the other they must have, and the choice ii . with us. With our Canadian cousins it isiib* question of sentiment, but it is as purely a matter of business as a marriage. 1 liey have no youthful passion to gratify, tl. re is no amorous buncombe or Fourth of July in their approaches. They see not i .ng but three of the primitive colors in oat national are not in love with our ' Federal Lnton not one iota for the scream of the American Eagle, and regard 1770 very much as they do either of the ten y> ar- pre ceding or subsequent. But as a que tion of greenbacks,, they cannot afford t ■ b tow their affection elsewhere. There i uv more romance in Canadian annexation titan in courting a widow, and yet, and perhaps for that very reason, the consummation isthe more probable. For, on the othwr hand there will be no tears for the late John Bull. He w ill be buried in good la.- tc. with the Utmost decorum, and a portion of his estate will be devoted to the erection of a marble slab with the usual hie jfic t. But there will be no indecorous soiling of crino line by clinging to the grave after the Sex ton has departed. Joltp Bull will be always spoken of with respect as ( ,mv first... His portrait will adorn the Canadian "hack par lor, ~ aDd his gold headed cane will occupy a corner in the Canadian household. Nevertheless Brother Jouathan will receive the substantial affection due to the living head of the house, and the world will only repeat the familiar comment that ' after all Mrs. So and-so,s 'second, is a much heiu-r provider than her first.,, — Chicago Triinnit.
Significant historical Pennsylvania newspapers