Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-06-18

WE publish this resume, not because
it represents correctly what it purports
to repsesent, but because We have not
the article before Us to which it alludes,
and do not know that it would be worth
the room, were we to republish it. There
is nothing " semi-ofiicial " in the orlgi-
nal publication,-onlys sensational:
A sEAI-oFFICIAL STATEMENT CT MR..
PENDLETOS's VIEWS.
We print on our first page an interest
ing account Of an interview recently had
by q correspondent OF the New York
Herald with Mr.. PendletOn, in which the
former failed to get the great green
back redemptiOnist "Yiews." Nothing
dsunted, however, he had recourse to
one Of the most intimate of Mr..
PendletOn's friends, with whom he
mas "nO reservation" From this
friend the correspondent obtained
the intelligence that Mr.. Pendleton is
not disposed to yield his claims to the
Presidential nomination; but that the
sudden appearance of Mr.. Chase on the
political stage as a rival to himself has
been 81 unlocked for that he has formed
no opinion decisively on the subject
He is s great adnirer of the Chief JUS
tice, and comedies that he hes wisdom,
ability and integrity; considers him
honorable and consistent in bis political
views-hence lacks apprehension that
Mr.. Chase viii accept If he can get the
Democratic nomination. As to the bond
question, Mr.. Pendleton maintains that
every bond, except the ten-forties and
those issued before the legal ten
der act, is payable in the green
= g -
ions or assumption Of Mr.. Chase, /
when Secretary OF the Treasury, to the /
contrary notwithstanding. He is en-
phstic on the point that the bonds should
be taxed. He thinks that the finances of
the country possess the capacity of pay
ing off the national debt in five years if
judiciOusly managed, and argues thus
the current expenses OF the Government
can be reduced to $3.50, coo 900 a wear. .
The revenues have amounted to $780,
OO0, 900 q year, and can be made to reach /
that amount again. This will give an
annual sinking fund of $3.50 600, 600, or /.
enough to pay off the national debt, in
terest and all, in five years. The five /
twenty bonds should be paid off in cur
rency as rapidly as possible. Mr.. PEN /
dleton is decidedly opposed to the Ma 1
tiOnRl Bank system. He asserts that the {
wastes money in the Ma
tional Banks sufficient to pay the ma
tional debt in less than sixteen years.
He wants the National Banks abolished.
He does not want the currency suddenly
or at all expanded, but thinks
that the cause Of the depreciation CT the
currency is the redundancy of the paper
money, the lack of faith on the part of
the community aud the consequent inn
Dairment OF public credit
The great defect of the present finsn-
cial policy, in his Judgment, ia the con-
version of non interest bearing debts in
to interest bearing bonds. His opinion
is that taxation will take care of itself
when the more important questions of
the regulation of the finances and the
payment of the nstiOnA debts are dis
posed Of For the present it is only sec
Ondary in interest and Importance. "He
is not over sanguine " as o-the success
Of the Democratic party next fall, but
thinks that il would increase the value
Of paper money while Radical victory
would enhance the value of gold. He
thinks each State should decide the
question OF suffrage for itself. He is op-
posed to the Acknowledgement Of the ue-
gro in the South, by Congress, and thinks
that il the black man is committed to
the care of his white ielloW-citigsns in
that region he will be subjected to no
more injustice than is the woman of the
North, who is not allowed to vote, but is
stiu secured in all her rights. He will
support Mr.. Chase cordially il that gen.
tleman be nominated. There is nothing
new in all this, but as it comes in pro-
'essed semi-ofiieial shape, we haze given
il succlnet form for ready reference.