The Sun.
London, England, 1868-07-15 00:00:00

where payment in coin is expressly stipulated, which i ciples. But we cannot, perhaps, fully appreciate
shows that the Convention has no idea of riding the pressure brought to bear upon him. In our
Ivas
ponents to fly in the face of authority, to violate
rough-shod over the law. No ; it is for their op-
preceding article, written before the nomination
known in London, we touched on this speech. In
the statutes, and to set the Constitution at it he reiterated the views he had formerly expressed
defiance ! It is difficult to speak in other than on the financial question, opposing both contraction
terms of unmitigated contempt and disgust of and unwise issues of currency, and insisting upon the
these sleek Pecksniffiian robbers ; but it is payment of the bonds in gold. He described the
much more to the purpose to consider what extravagance of the party in power, and the injury
chance the candidates will have on such a inflicted on the country by a debased currency.
platform. It is assumed that the West generally 'I he Government expenditure since the close of the
supports payment in currency of the debt and taxa- war, wholly independent of the interest on the debt,
tion of the Bonds. We believe this to be a mis- amounted to $1,000,000,000, of which $750,000,000
take, and not long ago we showed the injustice done had been disbursed on the army and navy. He
to the great Prairie States, taking as the best indi- contended that half the entire sum had been wasted,
cation of their feeling, the action of their delegates which, if devoted to the payment of the debt, would
in the Chicago Convention. When the question of have raised the national credit to the highest point.
payment in currency was first raised and fully diz- Credit was the basis of a sound financial position,
cussed, the villainy of the proposal came out so its immediate effect being to lower the rate of inte-
clearly as to surprise even those engaged in expos- rest on the Bonds, and thus materially to reduce
ing it. It is absolutely without an argument, with- expenditure. Economy was the essence of the
out even a plausible pretxt to justify it ; and few subject which, if acte 1 upon in time, would safely
men will supportsuch a platform who do not openly carry the country through its financial difficulties, but
and knowingly intend to defraud the creditors of if delayed would entail ruinous loss. " The whole
the nation. However exasperating and therefore question is brought down to this point," are his own
impolitic it was to exempt from local taxation the words. " ShAll we use our money to pay our debts,
interest on the B ,nds, it was the contract, an I relieve the tax-payer, make our money good in the
when a man attempts to set it aside he attempts to hand of the labourer or pensioner, and help the
defraud his neighbour of a stipulation given by bondholder, or shall we use it to keep up military
his own agents. The platform, therefore, is vilely despotism, feed idle negroes, break down the judi-
bad ; but the delegates who framed it are far better ciary, shackle the Executive, and destroy all con-
able than we are to judge of its chances of success ; stitutional rights ?" The root of the evil he consi"
and doubtless they saw a wide support before they dered to lie in the vast expenditure to support mili-
ventured on publishing such a programme. Although tary government in the Southern States. Restore
we cannot give an opinion upon the amount of these States into the hands of their citizens, revers'
dishonesty in the United State, for the platform is ing the policy of Congress, and the reason for the
an open an undisguised appeal to that element, we greater portion of the expenditure is at once re-
can venture an opinion as to the general effect it moved, the SUM thus thrown away being in excess
will produce. In the first place, as a compliment, it of the interest on the National Debt. Now, this is
is one of the worst ever paid to a nation, being the Democratic policy, which he affirms would
a public announcement that the framers backed rapidly reduce the debt and restore credit,
fraud against honour on an appeal to the country. the immediate effect of which would be the
In so many words they declare their conviction that power of obtaining money at four per cent. ;
there are more rascals than just men in the United greenbacks would be brought up to par, and the
States, and this is its aspect as a compliment I question of repudiation annihilated. His opinion
At present we will merely glance at its financial is that the American people are disgusted with the
and political bearing. In the first place, it pub- conduct of the Congressional party. He asks,
lishes to mankind that a party, embracing as it an- " Can we mark a policy which will unite the ine-
nounces the majority of the citizens, is determined jority under our standard ? This can only be done
that no contract shall be binding on the nation by a thoughtful, forbearing, unselfish course. At
which in any way, at any time, militates against its the same time we must be outspoken, and must
interest. Well might Mr. SEYMOUR, in his speech, confront all questions which perplex us. Men look
deplore the -rant of credit not only abroad but at forward with hope and fear to the action of the
home of the United States. Well might Americans, National Convention on the Fourth of July. 1,
with all the vast resources of their country in their shall not speak of candidates. Let the claims ef
.
mind's eye, exclaim indignantly, that everywhere, each one be considered in a courteous and
financially, we are distrusted, while a little island kindly spirit, and let us take care that n 3 per'
like Great Britain stands at the pinnacle of credit. sonal partisanship shall draw us from our duty
Out of Mr. SEYMOUR'S mouth we will show that to our country. We should support With,
hearty zeal every upholder of constitutional rights.'
this is not a mere matter of sentiment, but of hard
The Democrats have had the wisdom to couple their
dry fact. " While Great Britain," that gentleman
said, "pays in principal and interest but $1,700 for rotten platform with sound candidates. PENDIX-
a loan for 20 years of $l,OOO, the United States pay TON must have been fatal not only in the present
contest, but to all eternity—shattering into fog'
$2,700." The effect abroad must be in the highest
degree injurious to American credit, and the plat-
ments every hope of democracy as now constituted;
form is so constructed that the greater the sue- but in the person of HORATIO SEYMOUR Americans
cess the more will be the damage done. In- will recognise a gentleman worthy of any °ince•
deed, the world will count the votes cast for We would have preferred CHASE and the platforol.,
such a platform as those of knaves, and at home sanctioned by him as given in our last issue, and all
the case will be similar. A patriot may give his the more that he would not in truth have been
.3
money hereafter to the Government in a great Na- Democratic candidate, but have represented in 1114
tional emergency, but no man will lend it. A man person certain national principles. GRANT more re;
gives out of his income, but he loans his capital. presents great exploits, but being a sound, sensible
He can be taxed only out of his income while any man, he may, we hope and believe, be trusted in the
levy on his capital is confiscation—therefore, the Presidential chair, and that he will be President We
r
success of the Democratic platform in annihilating have little doubt. Were the two platforms upheld _
the borrowing power of the Government destroys by wholly unknown candidates, that of Chicago
its ability to raise the funds required for a sudden would win from the. glimpse we have got of that
and vigorous effort, and to this degree cripples the of New York, for the shuffling of the latter
National strength. And the object is to us, the will scarcely conciliate either those who Or
puzzle of puzzles. Nobody, at present, wants, or port or those who oppose greenback rederaP:
expects the United States to pay its Debt. Two tion. To enunciate the principle, and to select
or three years of good government, and a reformed a candidate violently opposed to its adoption
Civil Service, would make green-backs equal to may be a trick worthy of Conservatism, enabling
_
specie. It might really be supposed that the Demo- stump orators to show to one class how they 014
crate desired a dishonest cry with which to beat up wipe out the National Debt with a sponge, and re;
for supporters. It must be a terrible disappointment lieve the oppressed from the crushing taxes, while t,
to the respectability of the United States, for the other they can proclaim the real honesty of
honest men will know that the platform not only their intentions, as it would be absurd to suppose
compromises the Democrats, but the nation, and that Horatio Seymour would enter office pledged t°,
abroad, as well as at home. such a policy, or that he would have been selectee!.
had the party really intended to act on such a plat

THE DEMOCRATIC NOMINEES.

form.
Major-General F. P. BLAIR was a Volunteer
officer, who, though a Copperhead, served through"
out the War, and was several times severely wounded*
For four years he held his place in the Wester°
Army, and although his operations were more con;
fined, and his command inferior to the princiPaa
leaders of the Northern Army, his military recor
is of a high character. His peculiar deterinian'
tion is urged by his supporters as a qualifica;
tion, being, they say, a check to any Radin3a
attempt to carry the election by fraud an
violence. It was thought that he had Ina°
supporters in the Soldiers' and Sailors' ConYell'
tion, of Cooper Institute, as well as in the regidnr
.
convention in Tammany Hall ; that the Missouri
delegation would go for him, and many scattered
votes of other States, and the result has shewn
his friends had not mis-calculated. It was also
urged in his favour that the jealousy the vollil/:
teers entertain for the West Pointers might v"
counted on as an element in the carupalgil
as they preferred an officer that had gained
distinction, though not educated as a soldier;
General BLAIR regards negro suffrage, to which 1/
is opposed, as the chief issue. He believes the ile‘
construction Acts to be unconstitutional, and there
fore null and void, as well as the exaction of test
oaths from voters, and desired their denunciation
by a resolution of the National Democratic Cali'
vention. He holds it to be the duty of the inconl:
mg President to restore the State Governments t`:
the whites, belonging, as he believes, by right he
them as the only true citizens of the South. 5:11,
Citizen, although considering such a nominaticiv,
good, contrasts General BLAIR with General
"
COCK, to the disadvantage of the former. ,s 0
has never," adds this journal, " made himself tyvt
champion for a prompt and thorough restoration ,
the civil law and civil authorities to power, caber,
,
ever and whenever practicable, and for the sure
pression of all military authority outside of nailitar!
organisations—as General HANCOCK so nobly di
when commanding the Fifth Military District, lf
his letter of rebuke to the trooly loll' Govern°
PEASE of Texas. —4

Both the time and the number of ballots show
how hard was the stru,g4le in the National Demo-
cratic Convention ere the party candidates for the
Presidency were nominated. It was not till Thurs-

day, and after 22 ballots, that Mr. Haulm SEY
MOUR was unanimously selected, General FRANK P
BLAIR being chosen by acclamation for the Vice-
Presidency. The latest mail from America fore
shadowed that the party would be compelled to
fall back upon floitarto SEYMOUR. lie most
nearly answers to all the Democratic require-
ments, and he would have been the favourite
from the beginning could he have been persuaded
to stand. HORATIO SEYMOUR comes forth with
a pure public record with a high character
as well for ability as for integrity, sound on such
questions as those of finance, and patriotic in his
aspirations, however strongly tinged his views may
be with the colouring of his party. The reason. he
has hitherto held back has been openly given by the
Washington correspondent of the Cincinnati Gazette,
and hinted at by numerous other journals. As a
matter of public notoriety we may here allude to it,
which otherwise we would not have done. Gover-
nor SEYMOUR is believed to have an hereditary
tendency to insanity, and he has been warned by
his physicians that the excitement of a Presidential
campaign would develope the latent germ, and if it
failed the labour and harassing cares of a year in
office would almost certainly do so. At first it
was supposed that he had refused the honour of the
nomination, as RICHARD 111. refused the throne,
that it might be thrust on him; but this was not so.
Ambitious, and prompted by a craving for power,
he earnestly dzsired to throw himself into the
struggle, but checked by the fearful danger under
which such a contest could only be undertaken, he
had given way to the advice of his friends and de-
clined to run. The impression prevailed a week
before the Convention met that it would eventually
be compelled to fall back upon HORATIO SEYMOUR
although he favoured CHASE. The nearer the ap-
proach of the meeting the more evident it became
that the Copperhead section of the Democratic
party could not endure such a candidate. The
clearer their views came out the more distinctly
was it seen that neither the Chief -Justice nor
PENDLETON could secure the nomination. To select
CHASE was to break up and re-form the party. To
select PENDLETON, coupled with a repudiation plat-
form, was to bring down on those who call them-
selves the Conservatives of America the contempt
and abhorence of all who hold honour in the highest
esteem—a class immensely powerful in influence
whatever may be its number. No doubt the fight
raged under these two banners, and it was found as
anticipated that the conflicting opinions could not
be reconciled. Who could expect such a display
of dishonesty as a thorough bred Copperhead
declaring for Negro Suffrage ? The supporters
of PENDLETON would give up their favourite only in
favour of a Democrat, and, as we before observed,
no amount of soap and water could wash out the
Republican stripe of the Chief Justice. But if the
Copperheads pronounced decisively ag xinst C lIASE,
there must have been a section almost as strong
who pronounced as decisively against Repudiation.
That it was beaten on the platform is the very
reason why it should put its foot down on the prin-
ciple of an honest ob:lervanca of the National faith
in its candidate. To publish a Repudiation pro-
gramme, and to elect a Green-back Redemption
Candidate, was to pledge the country in case
of success to the principles enunciated. But, to
make the appeal first to the dishonesty of
the country, and then to choose a statesman
pledged to a policy exactly the reverse, may be
taken as proof that the programme is partially in-
tended as an electioneering dodge. Then comes the
question—will HORATIO SEYMOUR stand on such a
platform ? We know his disinclination to run, and
the terrible sacrifice it may entail upon him. We
know, for we have his speech delivered only a fort-
night before his nomination, that Repudiation,
however disguised, is wholly opposed to his prin-

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Births. ir
f
FIELD—On the 13th inst., at Woolwich, the wife 0 of
tenant-Colonel George T. Field, Royal Artillery',
daughter.
FOSTEn—On the 14th inst., at 5, Cleveland-terrace'
park, the wife of Richard Batton Foster, Esq., ,„, -.co 01
STEELE—On the 12th inst., at Guy's Hospital, the
Dr. Steele, of a daughter.

Marriages.
LAS,
CIIAPLIN---WARwicK—On the 10th inst., at Lft‘ttp,
Herts, R. J. Chaplin, Esq., of Forest-hill, Kent, t,PO
youngest daughter of the late Stephen Warty
iel"0
of I,i orthamptou-square, London.
STILL—CtrmENTs--On the 11th inst., at St. James -kel'i;
cadilly, Henry Lloyd, son of Henry Still, Escl" of 01'
brokcsliire, to Label Adele, youngest daughter
late Colonel F. W. Clements.

Deaths. oft%
KENDALL—On the 13th inst., at Holland Lodge, liin.;7-
Middlesex, Charles Holland Kendall, Esq., s'e" -,'l IV
NEWINGTON On the 13th inst., at Guudhurst,°Sol"-
Newington, Esq., aged 67. h rl'e'f.
RUSSELL—On the 12th inst. at at Errol, Perthshire, t---c
David Russell, aged 84. . Bristol,
OGILVIE—On the 10th inst., at Rodland Groa,
George S. Ogilvie, Esq., aged 7G. , tree"
TOWNSEND— On the 13th inst., at 18, Great Qll,l--5
Westminster, Robert John Townsend, aged 19'"

-it
London : Printed and Published by WILLIA.M. Allso Wag
of No. 112, Strand, Printer, at Tag SON Oalc'',otl
Strand, in the Precinct of the Savoy, in the ‘"
lacl44"l"'"A\r"faeldaY, July 15, 1868.