The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1868-05-06
Pendleton and Greenbacks in New York

lit VIII not 90, we have been told py
directors 10 the nomination of Mr.. Pendle-
ton as the democratic candidate for the
presidency, 'to put forward a man whose
views on the financial questions are so OBJ
eetionable as his TO the democracy of New
York and other eastern states The asser-
ton has never bad any effect upon Us, be-
cause we have not doubted that when Mr..
Pendletons views on the financial question
should come to be as well understood in the
east as they are in the west, they would be
as popular IN that section as they are IN this.
But we confess that we have not anticipa-
ted any such evidence, at so early day. of
the progress Of these views in that section.
as that afforded by certain action in the
lower house of the legislature of New York
on Monday last. In the Albany cores
pondence of the New York Tribune of that
date, We read:
"Mr. Lawrence. from the committee on federal
relations, il obedience to a resolution Of the
house, reported concurrent resolutions, hereto
fore offered by Mr.. Balloon, in favor of the taxa
ton Of government bonds, and the paymen. OF
the national debt in legal tenders. Mr.. Allis
moved to table the resolutions. Lost by 81 to
~. Mr.. Jacobs moved the adoption. Carried
| by 40 to SO. All the democrats with FIVE excep-
| tions, and two republicans. Messrs. Balcolm and
republicans in the negative"
The Albany correspondent of the New
| York FerI writes on the same day:
cat the evening session Of the house, the
greenhack resolution of Mr.. Balloon was reported
from the committee federal relations to come
up for action. These resolutions recommended
the payment of all the bonds issued By the gov
| eminent, net otherwise stipulated in the bonds
in legal-;enders at maturity, unless the holders
| OF the bonds will exchange them FOR bonds paya-
bic IN 20 or 30 years with interest at per cent
payable in gold and subject to taxation for stat
and municipal purposes. The yeas and nay!
were called on the adoption Of these resOlu ms
| The voting caused considerable sqVirming anon.
! the republican members. Several that sid'
! lodged, while n large portion Of those republ
| cans who remained in their seats asked to be ex
| cusod. The house refusing to excuse them from
| voting, they voted no. All the d, mocrrts prrseu
hut three ar four vote for tho resolutions and nj
| the Republicans but tSo or three against them
| There has been no question presented hero thi
| winter tha:has caused so much squirming."
| The Rochester N. " onion, a sterlin,
| democratic journal, comments rs follows o,
this action III the legislature:
at will thus b. seen that the principles of equa
tLNation and '.qGidation ofihe public debt advo
| Gated by the Urio. have received the emphati
| endorsement of the assembly, through the vote o
it's democratic majority. The republicans, wit
| even more unanimity than the democrats, arrrye
| themselves against those principles and upon th
| side OF the bondholders, whose property is ex
empted from taxation by law of the radical con
gress, and whose loans to the government, mad
| in paper worth as low as thirty-odd cents on tn
dollar, they demand shall be paid, principal an'
| interest in gold, one hundred cents on the dollar
This is precisely would haveit. The dem
ocratie assembly has placed itself and the party
| represents right upon the record"
The New York SIN, o semi-republical
paper. refers to the same Legislative actio,
as follows:
"The great strength Of the Pendleton movement
even in the state of New York, can no longer b
disputed. On Monday evening, the assembly .
Albany passed set of resolutions in favor OF
| taxing United States bonds and paying the m
! tional debt in greenbaeks. The democratic ma
jority in the assembly went for them with onl
here and there an opposing voice, while of course
all the republican members were ranged on tn
| other side. Because they have thus endorsed tn
| Pendleton policy, it must not be supposed tina
these gentlemen viii at once march over with thci
music and banners to pitch their tents in Nj
Pendlcton's camp. Local attaehments win AVA
for some time to come 10 deter them from act 9
irrevocable; but after adopting the peculiar prin
ciples of candidate, there is no great difficult
in adopting the man himself
Exactly. And when they shall hav
adopted both, they will feel great des
better and happier than they ever did be
fore in their Chicago 7fmes.