Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-06-13

party who believed In his doctrine
of popular sovereignty" He was backed
up generally by the Democracy of the
North and Northwest. They realized the
situation of political affairs in their sec
tion, and from this realization they were
constrained to draw the conclusion that
the Democrats could not elect any other
man. They were apprehensive, too, that
il the Democracy could not be successful,
disaster would result to the Union. The
southern Democracy claimed that this
doctrine was as bad almost as the doctrine
taught by the Republican party, and that
they preferred defeat upon sound doctrine,
as they put 1t, to success on this unsound
doctrine. Arupture of the party followed.
Then there was party of BELL and EVER
EFT men, composed mainly of old line
Wings, who would have nothing to do
with the Republicans and whose prejudi-
ces against the Democratic party were so
indurated that they would have nothing to
do with it, and accordingly they set up for
themselves.
Thus was the Conservative party of the
country riven into three sections, while the
Republican party moved along solidly land
although largely in the minority, it secured
control of the Federal Government. The
result of the unfortunate division of the
Conservative element in 1850 on compare
tive non essentials, as they are now seen to
have been, by which the Republican party
has been enabled to rule and ruin the coun-
try, to that part of the Union that refused
support to Mr.. DOUGLAS In the Charleston
Convention, has been great disaster and Sc
we're distress. That rule which they imag-
ined would he little worse than the admin
istration of DOUGLAS would have been to
them, has been a bloody, desolating and
crushing curse. Were they back to where
they were in 1850, with foreknowledge of
such an eight years as they have gone
through, they would not under any cir
cumstances be tempted into the folly of
breaking with the Northern Democracy,
as they broke with them in 1860.
True, DOUGLAS was not made President;
but as compared with what the South has
suffered, his loss was so Insignificant as to
be imperceptible. If the East will study this
with calmness, she may betimes profit by it.
1t she shall not do this, but will allow a
narrow and sordid selfishness to drive her
forward in exactions that to the teeming g
West and Impoverished South are oppres-
sive and repugnant, in time the people of
these sections will scatter and render
worthless the Bonds, for which gold at their
face is now demanded, but which, taking
advantage of the necessities of the Gov
ernment, were bought at such depreciation
as the-extortionate money lenders dictated.
The great West. in her youth and vigor,
restive under the shackles that are placed
upon her through maladministration and
corruption in Government, demand that
these shackles shall be rendered lighter.
They recognize in her own son, GEORGE H.
PENDLEToN, a man who has had the heroic
courage to come forward and avow and
maintain policy which shall give them,
aud the millions of workers throughout the
entire country, relief. That policy is not
"Repudiation," or anything like it, as it
has been unGruly represented by those who
demand that the principal as well as the
interest of the $50 Bonds shall be paid in
Gold. 1t contemplates the substitution of
Greenbacks for the Notes of the Ma
tional Banks. These establishments
the Herald has repeatedly shown,
lap up yearly twenty odd millions
of the money of the Government.
This he proposes to save. Where not spe-
officially stipulated to the contrary, he pro-
poses to pay the Public Debt in Green
backs with as great rapidity as possible,
SO that the currency be not inflated detri-
mentally to the country. With these two
propositions, he proposes to couple Re-
trenchment, Reform and Economy in every
Department of Government. The Herald
need not be told, that unless the
expenditures of the Government,
for all purposes,are compressed within the
receipts, and that these receipts must be
derived from taxes that do not aggravate
and distress the people; because the Herald
itself has borne testimony to the fact that
ssthe present ruinous policy, or rather want
of policy, cannot be followed long;" that
''the American people are peculiar in this,
that they bear evils patiently to the limit
of forbearance, and then, as we saw in the
uprising of the War, they move suddenly,
like tornado, and sweep all before them :
and the Herald has felt it to be its duty to
| swarm our reckless and extravagant Con.
gress, the grasping Bondholders, greedy
Manufacturers and National Bank Monop-
olists, against provoking the ouerbardened
people beyond the limit of endurance"
Suppose the people shall be provoked
"beyond the limit of endurance" what
| then? This is question we want the
holders of Bonds and non-tax-paying capi.
tai to consider.
| What then?
| With the scratch of pen foul
thousand millions OF dollars in property
held In the South, and sanctioned impliedly
by the Constitution, were abolished. Th'
Southern people have been required Il
Repudiate all intention of ever paying on
cent OF the Debt they contracted in the War
Thus our Government compelled Repudi
alton on the part of some OF our citizen
with one class of their creditors. The ex
ample has been set; and if matters come t
the worst-if our people, instead of receiv
ing relief from their tax burthens, shall b
vet further burthened, they will reliev
themselves through Reputation. Th
tendency of the times is in this direction
and he is wilfully blind who will not Sc
it. The political paper that claims to hav
the largest circulation in the United States
and the circulation of which is on the in
crease, is the advocate of Reputation.
General GRANT is the candidate put for
ward. and will be controlled by the Capt
talists and BondhoIders in the Republica
party. Apprehending danger, and dislib
ino the idea of taking Greenbacks fo
| :, -. Ir lxulnen they hacAmA dua an