The Express.
London, England, 1868-07-09 00:00:00

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LONDON, THURSDAY, JULY 9.

CHIEF JUSTIcE CHASE AND THE
DEMOCRATIC CONITNTION.

THE rumour that the Democratic Convention
of New York, which has chosen partial repudia-
tion for the principal " plank " of its " platform,"
to use the dialect of American politics, will
nominate Chief Justice CHASE for the Presidency,
and Mr. C. F. Arotills, lately Minister in England,
for the Vice-Presidency of the United States,
may have some foundation. But it is one
thing to be nominated, and another thing
to accept a nomination. The upright and accom-
plished statesmen, whose names local caucuses and
dexterous wire-pullers take in vain, are the very
last men in the Union, we should presume, to lend
themselves to the policy and tactics of the party
which is seeking to profit by their high character and
1w public confidence that character inspires. They
cannot, unless they desire a heavy fall and grievous
discomfiture, take their stand upon the very rotten
plank on which it is said they are to be invited to
place themselves. Their very weight would bring
it down and themselves with it. The Democratic
Convention, hopeless that otherwise the people of
the United States will accept the bill which they
Lave drawn, think of endorsing it with two good
names. But Mr. CHASE and Mr. ADAMS are
little likely to lend themselves to this political kite-
flying ; and the use of their names, if they should be
so employed, may be safely denounced beforehand
as unauthorised, and the signatures declared to be
forgeries. Mr. CHASE, more, perhaps, than any
other man in the Union, is disabled from the accept-
ance of the Democratic programme, not only by
his principles and character, but by his
political career. Under the Presidency of
Mr. Lizecour, he was Secretary of the
Treasury from 1861 to 1864. It is, there-
fore, in an especial and personal degree his policy
which the Democratic Convention proposes to
reverse, at the same time that it sets aside the
obligations of good faith and common honesty.
Previous to the outbreak of the civil war, the
United States occupied an exceptional position.
They were a great nation without a great debt,
since they never had waged a great war,
and, be it cause or effect, did not possess
a great army. Until the year 1862, there-
fore, they possessed no irredeemable paper cur-
rency. Money, except so far as private issues and
trading bills were concerned, was gold and silver.
The Act of 1862 provided that the interest on the
loans should be payable in coin ; and though
nothing was said about the payment of principal,
yet, as the Times remarks, " the orris-
" aion was due to the fact that the issue