The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-07
Address f..m rhom.. Ewing.


Thomas Ewing, Of Ohio, has published an ad-
dress TO the unnedged voters OF the United
States, dated AT Lancaster, Ohio, september 2, III
which be thus refers the financial questions OF the
day
Until recently hat intended TO support General
Grant for the Presidency, and would 90 80 SUM- 10
the hope that the democracy will obtain majority
In the House of Representatives, and thus mold re-
straining power; but facts which have shown above
render is Impossible. Bad men with more intellect
aud more force OF character than himself have pos
session OF him, and II he be elected President will
probably continue TO rule him ana the country
with him; and some OF the worst existing abuses can
not be corrected against Executive opposition. In
looking over the whole ground most carefully and
weighing consequences well have come to the con-
clusion that it were better that the democracy pre-
vail in the coming election, and thus divide, for the
tive and JUDICIAL powers. No evil can ensue. We
shall have season or repose and time for reflection
before called on again to act. There Ii profound
philosophy in the old Scotch proverb:--
The showers fall soft when the wind il still.
have already shown it will give us a season FOR
inquiry and rejection, and the same conservative
can At the end Of two years, do the same thing
and place the government In the hands of those
VINO may pe then found most worthy to control it.
on the disposition Of the public debt My mind has
long been made up as TO the principle which should
govern us in It's adjustment. II is this:-So far
our contracts are distinct and explicit we must ABIDE
by them no matter how unequal or onerous Az,
for example, where we have promised to pay
the interest or the debt or both in gold national
faith requires and we must so pay it, but where the
contract is not explicit but requires construction,
we must deal with creditors and the people precisely
e. an enlightened court OF equity would deal with
debtor and creditor under ike conditions. For
example: the creditor bOrrows forty cents,
deprecated bank paper worth forty cents,
which the public calls dollar. and promises
10 pay atsa interest, SIX per cent on It's nominal NINA
in gold. The promise to pay the interest in gold
being explicit, the nation who owes the debt should
pay It, for there is no usury law operating on con-
tracts with sOveregns; but where q distinction s
taken in the contract between the debt and the in
terest-the interest only made payable In gold
equity would require that the debt should be paid in
that which is equal in value to the fund received.
SOvereigns have not always melted out this even
handed Justice. The coin OF nations has been some
times debased after loan made, so that one pound
OF silver and one pound of copper would be made
When the loan was was Two made oun This Of wa Sea
gross wrong. IL Ia equally wrong, on the other
ounce OF silver to the lender for fOurtenths Of an
ounce borrowed because each in its turn called
dollar. Equity, II called into action would suffer
neither one nor the other, but require the payment
from sovereign or subject Of the just amount Dor
r0wed, regardless of name. This should be the rule
worth forty cents on the dollar currency OF bonds Of
equivalent value should be paid.
Such are my views OF the duties OF those who rep
resent bondholders and people, and who are alike
the agents Of both. The committees OF Congress
who have charge OF the subject should examine each
matters not by whom the bonds are held, whether
large capitalists or widows and orphans; each and
al are entitled TO equity. no more, no less II yOu give
them less you wrong them; II you give them more
you wrong the people, who are the debtor.
New York Republican County Nominations.
STBuBEN COUNTY.-For County Clerk, General
Hiram M. Crane District Attorney, John d. Butler;
Superintendent OF Poor, Lieutenant s. Alderman;
Justice Of Sessions Captain Erwin; Member Of As
sembly Second district Samuel Mitchell.
WYOMING COUNTY.-Assembly, Marcus T. Hull;
District Attorney Ebert E. FarInan; Treasurer, Har
wood A. Dudley; superintendent Of Poor Benjamin
+. Bristol; Sessions, Harvey Stone.
ERIE COUNTY.-Congress David S. Bennett; Dis
trict Attorney, Lyman K. Bass; County Judge, Ros
well j. Burrows; sessions, VIM. II. Russel Coroner,
A. II. Crawford.
MADISON CoUNTY.-Assembly, Leonard Kilham;
District Attorney, Alexander Cramphn; Superin-
tendent Of Poor, George Carver; Sessions, Edward
G. Philpot.
LRwls CoUNrY.-Assembly, Chester Fay; Treasu.
rer, Alpheus d. Reese; superintendent OF Poor.
David Alger; Sessions Phineas woowOrth.
TIoGA CoUNry.-Assembly, Lyman Truman; Super
intendent of Poor, Chauncey T. WO0dfOrd; Sessions,
Herbert Richardson.