The New York herald., 1874-08-28
Our P.lit,o.l Conventions.

V0 uIo x6PlOly BettiuB turVuBu suS H~S~
conventions of our various political parties
preparatory for the more important work OF
our approaching autumnal State elections.
Among the latest of these conventions that OF
the Ohio democracy at Columbus and that OF
the democrats of Illinois are the most impor-
tant, touching the principles upon which they
go before the people for their suffragss, and
particularly upon the currency question.
The Ohio democrats declare that sound
currency is indispensable to the welfare of the
country, that it's volume should be regulated
by the necessities of business (Which means
with such natural regulations are vicious, and
that 1--WE are in favor of such an Increase
!. e., infation-of the circulating medium as
the business interests of the country may
from time to time require" Furthermore, the
Ohio democrats declare that not less than one
half the customs duties should be payable
in legal tender notes of the United States
commonly called greenbacks. and that they
are in favor Of the abolition of national bank
notes and the substitution of legal tenders as
soon as the same can be safely and prudently
done, and that the fve-twenty bonds. by the
letter and spirit of the law-tha. is, the origi-
nal law, rejecting the subsequent coin act Of
March, 1869. as needless and wicked sacri-
fee Of the interests of taxpaying laborers for
the benefit of the non-taxpaying bondholder-
are payable in greenbacks
This was the redemption doctrine of "Old
Thad Stevens and of General Butler, and it
still Is the doctrine of Mr.. Pendleton and is
cratic redemption policy. But the Illinois
democracy fatty reject it. True, there were
some earnest Pendletonians in their Conven-
ton, but after an exciting discussion Of sew
eral hours they were silenced by the adoption
of o resolution in favor of the restoration Of
gold and silver as the basis of the currency,
and for the resumption of specie pay
ments as soon as possible without
disaster to the business Of the coun-
try by steadily opposing imitation, and
''in favor Of paying the national indebtedness
in the money of civilized countries" The
money of civilized countries is generally
understood as meaning coin, though it may be
interpreted on the stump as an expression
also applicable to paper money, or why not
use the word coin? Nevertheless, upon this
currency question there can be no wider differ
ence between democrats and republicans than
there is between the democrats of Ohio and
the democrats of Illinois.
The Pennsylvania democrats reject the
financial platform of their Illinois brethren,
and content themselves on the currency with
''glittering generalities" that are on the side
of safety but on the tariff they stick to the
incidental protection of American Industry
doctrine which is an abominaton to the West
ern democracy, from Ohioto Oregon.
The Michigan republicans, in their State
Convention, had firebrand thrown in among
them in the form of resolution approving
the President veto Of the first imitation bill of
the late session of Congress but it was thrown
out, and Senator Ferry Gnfahonist) was in-
dorsed with the Endorsement, ''as wisely and
timely, of the measure finally agreed upon by
Congress between conflicting interests and OPP
| posing theories and by favoring system of
free banking regulated by the business law of
demand. This action is equivalent to the re-
pudiation Of General Grants financial policy
by the Michigan republicans, and does not
promise much in his behalf for third term.
The New Jersey republicans yesterday nom
mated George A. Halsey for Governor, and
the usual oratory was furnished by Secretary
Robson and Senator Frelnghuysen. Moth
| ing was formally declared upon the third term
! question by the Convention. The clergyman,
who by all our political bodies seems to be
used rs shield to protect them from an Of
| Tended Heaven, compared the republicans to
| grasshOppers-an unfortunate simile, when
the manner in which those insects have de-
voured the substance of the country is con-
sidered.
The Democratic Convention of Pennsyl-
vania nominated Warren j. Woodward,
of Berks county, for Supreme Judge John
Latta as Lieutenant Governor, General Will
lam McCandless, of Philadelphia, for Secretary
Of Internal Affairs and Justin f. Temple for
Auditor General. The platform is strong
indictment Of the republican party, but does
not take any ground in regard to a third term.
This omission is political blunder.
The conservatives Of the metropolitan Con-
gressional district, Virginia, met in Richmond
yesterday, and nominated Ex-Governor Walker
with enthusiasm. Governor Walker made an
admirable speech, and not only declared
against the reelection of Grant, but registered
himself as an advocate of the one term prin.
ciple.
In Missouri the democracy met OF St. Louis
Yesterday, but did not make State ticket.
The platform adopted takes the popula,
Western ground upon financial questions, and
favors the abolition of the national bank sys-
tenn, under certain contingencies.
The New York liberal republicans, mean
time, are actively engaged in the election Of