Clarke Courier

The New York Nation of last week, in reviewing the events of the year, says of the South, that the "horrible corruption of the carpet bag period" has been succeeded by a repudiation mania, which threatens to ruin the credit of "those States" for fifty years to come, and make them "Federal beggars for all their internal improvements." The Nation is very severe upon the Tennessee Legislature, and says it would be difficult to exaggerate the infamy of which it has been guilty in refusing any compromise with the creditors of the State; and on the other hand, compliments Governor Holliday on the strong and unequivocal ground taken in his inaugural of maintaining unimpaired the honor of Virginia.