The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1868-09-30

Of the Nomination 10. the Gosernorship By the
Democracy Of the State.
Quincy, September IA, 1868.
Hon. Henry ". Paine. President Of the De-
niocratic Stale Conuenfion.
| DEAR SlR: In consequence of some-.
what prolonged absence from my home |
have only to-day received yosr letter in
forming me that the Convention over which
you had the honor TO preside selected me
10 be their candidate tar the Office Of Gov
eruor VI the commonwealth az the approach
Ing election. l am very sensible OF the
compliment Ithus, for The second time, Of
iered 70 me; aud although | should have
much preferred Q less conspicuous service.
/ accept the domination as frankly and
heartily as II was given. have carefully.
examined the resolutions adopted By the
Conventiun, and should perhaps son.ent
myself with simply assuring you that ! and
nothiDg ia them to which l cannot sub
scribe, but as | may not have another op.
porlunity l wish 10 state my own views q
little in detail. lam glad that you have
determined TO require d !" rigid parsiincny"
in the expenditure Of The peoples money.
This. ina nation as deeply indebted aud
as heavily taxed as ours. is but Common
honesty % the public creditor. aud mere
humanity 70 the grooming taxpayer. Eve
Try dollar not absolutely required tor the
necessary expenses OF Government. aud Tor
neeting our obligations in the fullest good
iaith. should he left in the pockets OF the
people. As 10 The license law. our prvhl.
bitory friends in the last Legislature used
10 declare that they cared very little what
kind Of a law was passed, as IN the PresI-
dental election the license law Republic
eans would not dare TO bolt the regular no
limitations. and those they could control. !
suppose, therefore, that the success OF their
State ticket will be equivalent toa return
70 the prohibitory law, with its attendant
constabulary. think that there are two
matters of national interest involved IN this
election, one Of which is important. the 9TH
er vital. The former. which take TO be
the financial question, was not treated by
The National Con, ention in New YORK in 4
manner which satisfied my judgment. BY
providing fora payment Of the bonds known
as hse-twenties by surplus revenue alone.
thus Ignoring what seems 10 me the salua-
bic part Of Mr.. Pendleton's plan, asNith-
ldrawal Of the issues Of the national banks,
the Democratic party appeared to commit
! themselves TO an indefinite extension Of the
lintolerable nuisance ofan unredeemsble pa.
per currency. am TOO much Of Demo
crat TO regard any such prospect with pa.
thence. | believe in hard money. and
therein I hold myself 10 be true Juckso-
. tnian Democrat. This tishonored paper
which we are all compelled. as | think un-
, constitutionally, TO accept as money. 10 not
r only standing disgrace to the nation. 5U
: il 10 destroying the ancient habits of econ.
, omy and thrift. and undermining our old.
fashioned honest ideas by the esnitan
I spectacle and example Of an insolsrnt 90,
vernmen:. II lays upon the poor man ,
. burden heavier than he can bear. u ia
e jures trade, commerce, and all productive,
!. industry each rear more than The whole sun
!. of doubtful gain which q light accrue from
/ csncelling our debts by promises 10 pa,
e which We do not redeem. lf persisted in
il | think il must result in repudia,ion an,
bankruptcy. In that event the Response
bility will rest primarily with the part
n which inside the notes and then r.fussd
/ when they had the power, to make tter
o good. and merit with the Democracy. /
they are tempted TO follow that bad lest
;, II 10 with peculisr pleasure. therefore, tbs
: read your demand foe sound and homes
eurrency. ~
But e,enif l differed ~i'b you on Obi
subject. and ssw any relief 10 the part
chiefly responsible Tor our present deplor,
!. bic financial condition, regard the .econ
or vi,ai question of such moment that 10
p political action wosld be COVE, ned By n
= attitude Of the opposing parties 10 refsFenc
> 10 that alone. The issue which, 10 m
. imind, dssrfs allothers 10. shall the const
tution or shsll party nandsie be the 81