The New York Herald Newspaper, June 11, 1868, Page 7

Joctive Points. Gatvesron, Texas, June 10, 1868. The New YORE HeRacp’s correspondent furnishes he following:— BROWNSVILLE, Texas, June 7, 1868. _ By a circular order from President Jaarez to Gover- nor Saidons, of Tamaulipas, Juan José de la Garcia is declared consutiational Governor of that State and tg ordered to take his seat immedi Saldona the issued & and that Sietst ctotin teystint, sees next ona ‘a meantime the Guerra party have secured Men and supplies to. enable them to prevent Garcia, The native troops at itis of Gi H Merparos, It is said, are to, tavor nerra; hundred bandits fell on Saltilla and tured murdered the Clty Connell ‘and all the liberal _ Molders on duty, ieee wit be mapas on Mantes. San ibusters will Dk ag arf by the 14th inst. They ‘re fully prepared to ie te" Bee, eee return of General McCook at Cot ‘There is intense excitement in Brownsville latamoros. Mi Some Americans are joining Santa Judge Volare of declared in a charge on the Sth » in case of Dr. Hutchinson, an herring! colonist, ‘ought to pauperize all Americans. who tried (40 come to Mextoc THE FENIANS. Disappearance of Festan Artillery—Arrival of . {Small Arms at Chateangay. Rovssg’s Port, N. Y., June 10, 1868. ‘The four pieces of Fenian artillery which arrived , here a few days ago left yesterday morning for parts anknown. A despatch from Chateaugay announces that three cases of muskets arrived there yesterday. CANADA. The Murder of Detective Cullen—Particalars of the Affair. MONTREAL, June 10, 1868. A men named Garner, from Reading, Penn., a tall, “handsome fellow, concerned in the heavy bank rob- ‘erties at that place last year, amounting to $250,000, Ras been in this city for several months past. He purchased two cut stone houses, sumptuously fur- “aished, and lived in one of them with three of his confederates in the robbery. The suspicions of the detectives having been awakened, they arrested him morning at three o'clock. While convey- him to the station house some un- _ known partics fred on them and the pris- is ane. escaped, but was subsequently recaptured, . with his wife and the three accomplices referred to, was cairied to the jall of this city. Cullen, well known as the officer who Whelan, the all murderer of Thomas D'Arcy McGee, and who obtained his confession, was shot in the groin and mortally wounded tn Garner’s house. A large amount of money was found in the eee eocay in fifty and one hundred dollar green! A complete and splended set of bur- glare’ po aac was also found, “This noon Mrs. Garner and Mrs. Donaldson, the latter the wife of one of the accomplices, were released irom confinement. Garner and Donaldson are held, but they will almost certainly be released anless the Pennsylvania auihorities telegraph to detain them, Rumored Demand of the Home Government Relative to the Dominion Debt—Move- monts of Troops. ToRONTO, June 10, 1868. A special despatch from Ottawa to the Evening ‘Telegraph says there ts a prevalent rumor that the English government wishes to stipulate that the Canadian government shall not increase the public debt until the guaranteed loan to build the international railway is = It is not believed this condition will be complied with. The question ‘will ocoupy the attention of Mr. Rose, the Minister of Finance, while in England. A movable column, com of first_ battalion Prince Consort’s Own Rite brigade, the Forty-thiad Wolunteer battalion, the Ottawa fleld battery and Frontenac’s cavalry are held in readiness to proceed under orders at an hour's noice. The force will be commanded by Lord Alexander Russell, LOUISIANA. Another Deflance to General Buchanan—The Radical Mayor Declines to Surrender His Ofice—He is Compolied to Yield After Boing Arrested. New Orveans, June 10, 1868, At moon to-day Mr. Conway, the newly elected Mayor of this city, presented himself at the City Hall and handed Mayor Heath a copy of Gen- eral Buchanan’s order announcing the former's elec - jtion to the office. Mayor Heath replied that he knew of no law authorizing the election in question, ‘and, furthermore, he did not acknowledge the at thority of General Buchanan to issue said order. Mr. way replied that he called in obedience to the to assume the duties of the office, and if ‘Mr. Heath did not acknow! its authority he ‘should be under the i reporting the faci. ‘Yo the Command vy - Mr, Heath replied—I decline to give up the office. gratia ie ener ce -pas' dunt LA in of General Buchanan's staf, proceeded to the Gity and informed Mr. Heath that he had come te the order, which he presented eee De Russy, signed by the jutant General) directing him to procecd to the City Hall and instal ‘Mr. Con’ as or. replied that he was Nog § appointed Mayor of the city of New Orleans, that his appoint- ment was confirmed oy Cor » that he knew of ro election that was legal of a successor to fill his therefore he did not oe authority of ertain De hase ypetired and procured s squad of assy ‘and procured a sq gots ane Placed Mr. Heath under arrest and or- him to deliver the books, keys and office to leath refused to comply without ven him. ir. Conway ors office, and an- a of had been issued by Ju of the Sixth District Court, upon Mr. le in De Russy replied that Mr. Conway was ; the writ would its proper course, Fut could not inverfere with the duties he was then , 1 having turned over the keys and books released upon Before send tain De Russy to install Mr. bing eo Bi sent by Qo “ . Heath, desiring his presence juarters at His catltest conventencer Mr. Heath replica that he ‘was oMfctally |, bat would call at the earliest com] with his oMcial duttes. . Heath to-day received a letter containing the single word “Stick,” pu: to have been si it is ~ Srongnoatt the cit ats tl yut the ci a of police is stationed at the City Ha . aesry ‘er and Massicat, the Recorders elect the and Third districta, have been qualified. incumbent of the recordership of the refuses to give up the office, as it might ‘sy contest of the election which he is now INDIAN TROUBLES. Aadian Hoestilities on the Upper Missouri— Whites Killed and Stock Ran Off. Sr. Louis, June 10, 1868. now, as'!n pa recom: Soltieaue Woclesy is is courchee and mond the New ‘ata people as worthy of their liberal support. ‘The Committee on Widows and Disabled Ministers’ bh gat their report, which was adopted. . Dr, Neviss, from the Synod of the German ean Church, nted the congratulations of Ohurch to the Synod and the pot repiled. 1 ‘Phe subject of the endowment of Hope College and ‘the contingent expenses was laid upon the table. The cominittee's report on finances was taken up seriatim. @ report was amended and o new of annual assessments for contingent ¢: penser alopted. MASSACHUSETTS. Speeches by Mr. Sargent, General Hawley and Others. Boston, June 10, 1868. A ratification meeting of the republicans of Boston was held this evening at Faneuil Hall to endorse the nominations of the candidates for Premdent and Vice President made at Chicago. At the time for which the meeting was calied the hall was weil filled, although not crowded; but later in the evening some three thousand persons were probably present. The meeting was called to order by Mr. J. M.S. a who announced General Horace Binney nt as Vice Prenidente and tine ‘Secretaries, cousiderabie number of whom were present. General Sargent made a lengthy speech in favor of oe Glgphen of ae restr no! and then convent Resolved, That for the: sake of the national prosperity woe must have peace, and for the sake of peace we must have Graus and Colfar. iS General Hawley, of Connecticut; Dr. Geot B. Loring, of Salem, and Mr. James H. Harr, of North Carolina, made addresses to the meet- ing, endorsing the nominees, 8) at considerable length in explanation the platform of the a party at Cl and claiming that much to be done yet the party to settle the affairs of the country and se- cure absolute for the future. us Wi hopes it ve oie re; ay the eg 4 it, but eartily Vv su e tickel The meeting broke ap ith cheers for Grant and Colfax, Address of the State Temperance Committee— The Republican Party to be Placed on a Prohibition Basis. Boston, June 10, 1868. ‘The State lemperance Committee, appointed at the recent convention, have isaned an address urgiag the friends of tem to commence ons for the contest wi it delay, by the tion of prohibitory clubs all over the State. It is also urged as @ preliminary work that meetings be held in every city and town to vote on the question of licens- ing the sale of liquor to be drank on the The committee say they do not ask the friends of prohibition to form a new ical , but to place the republican party at ita next State Conven- ion on that platform which commends itseif to the cae and judgment of a majority of its mem- Class Day at Amberst College—The Senior Class of a Methodist College Withdraw. SPRINGFIELD, June 10, 1868. The class day exercises at -Amherst College oc- curred to-day. The corner stone of the new mathe- matical building, to be erected by the late juest of Dr. W. J. Walter, of Newpoi . 1, was also laid with appropriate ceremonies, including addresses i eee Stearns and Mr. Alpheus Hardy, of ton. ‘The entire senior class of the Wilbraham Methodist Academy, consisting of twenty gentlemen and ten ladies, withdrew owing to @ difficulty with the principal, Rev. Dr. E. B. Cooke. PENNSYLVANIA. A Planing Mill Destroyed by Fire—Loss e 925,000. WILLIAMsPoRT, June 10, 1868, Potter & Co.'s planing mill and Smith Kimball's dwelling house were destroyed by fire to-day. Kim- ball’s axe factory was destroyed. The pianing mill ‘was valued at $25,000. Republican Nominations fm Philadelphia= Contest Over the District Attorney—Bolt of a Portion, of the Members. PHILADELPHIA, June 10, 1868, The republican conventions for nominating city officers and candidates for Congress met to-day. Charles O'Neal was renominated for Congress in the Second district. Benjamin L. Be has been nominated for Con- = re the republicans of the First Congressional strict The republican nomination for Congress in the Third district is Leonard Myers. In the Fourth district Willham D. Kelly was renomi- nated. Much political excitement was caused to-day in relation to the contest for the nomination for District, Attorney among the ublicans. The majority of the delegates were frie! of W. B, Mann, the present incumbent, and after much confusion succeeded in electing their candidate for chairman. Those op- to Mr. Mann bolted and the two conventions made nominations—one William B. Mann and the other Isaac Hazlehurst. The Mayoralty Convention nominated General Hector Tyndale unanimously. Judge Pettis Nominated for Congress by the Radicals. ss MEADVILLE, June 10, 1868, Acthe Crawiord County Republican Convention, held here yesterday, Judge Pettis vas unanimously nominated for Congress. Radical Nominations for Congre .. INDIANAPOLIS, Jaz.4 12, 1868, At the Republican Congressional Convention for the Fifth district of Indiana, held in this city to-da; Hon. John Coburn, of Indianapolis, the present raat. cal Representative, was renominated. In the Eighth district David D. Pratt, of Logans- port, received the radical nomination. National Convention of the Phi Dolta Theta Fraternity. INDIANAPOLIS, June 10, 1868, The National Convention of the Phi Delta Theta Fraternity met here to.day. The attendance was quite large, nearly every chapter being represented. Match at Base Ball Between a Philadelphia and Indianapolis Club. INDIANAPOLIS, June 10, 1868, The Atuletic Base Ball Club, of Philadelphia, played @ match game to-day with the Actives, of this city, in which the latter were defeated, the score standing fifty-three to twenty-one. The playing was un- usually good, mercial and Marine Intelli- ee HAVANA, June 10, 1868, ‘The sugar market is very dull, no sales reported and quotations nominal. Exchange on the United States, in gold, long sight, 34.@ 1 per cent discount. ‘To-morrow will be observed as a holiday, and busi- ness will be generally suspended. ‘The steamer Bienville sailed to-day. The steamer Morro Castle arrived at this port yesterday. Rain hes been falling all day. TELEGRAPHIC WEWS ITEMS, Robert Gross, @ miner from Montana, was robbed of $3,000 in aden on Greene street, at St. Louls, on Monday night. The annual conclave of the Knights Templar of Pennsylvania was held at Philadelphia yesterday. There was a large attendance. The officers were of Pennsylvania was held in ton Je . Several hundred Sir Knights, repre- senting most of the Commanderies of the pa raded this |, after which the id elected for the current year were publicly Anthony Fletcher, who was committed for trial on charge of larceny on June 6, committed suicide in the county prison at Philadelphia on Tuesday night, He said, When committed, that he had no home, but was trom New York city. Asa Hapgood, @ veteran conductor and proprietor of the Hap; 'a New York and Boston sleeping cars, died at his residence in Worcester, Maas., yos- terday. ¥ ORK HEMALI », THURSDAY PENDLETON. Interview with Hen. Geerge H. Pesdietos— Pes ef the Western Demecratic Leader—Coasteraation at : Mr. Pendleton and His Friends. ‘om i Cincinnati, June 8, 1868, “That's my name, sir. Walk in. Take a seat.’’ ‘The ingairy was mine. The Tesponse was that of Mr. George H. Pendleton, democratic candidate for the Vice Presidency in 1864 and an aspirant for the democratic nomination for President at the New York Convention next month. He was seated at his desk and had suspended writing a letter to answer the in- quiry which I addressed him from the threshold of his law office, a plainly but substantially furnished apartment, about twelve by twelve in size, situated in a Jauncey court of law chambers on Third street, in this city. Waving me to the proffered seat with a genial smile which made me fee! at home with him, on the instant he wished to know what he could do for me. Tho brief interval which bad elapsed to this Moment was suffictent to give me an opportunity of perceiving that he is a man of about forty-two years of age and possessed of a manner which readily ac- counts for his personal popularity. His face seemed not at all strange; it was even familiar, though I had never seen him befpre. The person who makes his acquaintance hereafter will recognize the truth of this observation; bis face is one of the kind that haunts the mind with the impression that it has been somewhere seen before, though for what reason the spectator will be at a loss toconceive. In height Mr. Pendleton is a little above the medium, the excess being unnotiveable from a very slight tendency to embonpotnt. Not that he is stout or portly. The best description of him would be to say that he is very hearty, with a full, robust figure. He 1s propor- tlonately well ‘built, and by the ladies would be deemed a handsome man; dark (though not black) hair covers @ large, finely formed head; mustache and whiskers, worn in the prevailing style (the latter slightly sprinkled with gray, both inclined to be curly, and with a fineness and silkiness indicative of elegance of temperament), surround a face which seems.to perpetualy wear the winning smile above referred to. A suit of black and dark blue completes the picture of the candidate whom the West is press- ing so strenuously for the democratic nomination, Despite the public notoriety whitch Mr, Pendleton has achieved he is steadily and earnestly devoted to the business of his profession, and it is a wonder how he has contrived to get time from his private duties to transactthe public business which has made him . so famous in the West. He resides in the country outside the city of Cincinnati, coming in every morn- ing to his office and desk, where, or in court, he labors industriously all day until the hour for his re- turn to his suburban home. No doubt a great deal of his success is due to the efforts of his friends, whose number is legion, and whom he has united to himself by the peculiar magnetism of his character. What he Las been quick to conceive in pgiltics they have been as quick to execute in his interest. They are bound to him by a tle which it would seem tmpos- sible to sever. Their devotion to him is of the warmest kind, and he has become their leader with- out any apparent effort on his part. The details of any policy of his origination they have delighted to carry out. The understanding between man and party is of the most harmonious kind. I give these particulars concerning Mr, Pendleton because he is not known at the East, and especially as he wiil doubtless prove one of the most prominent candi- dates in the Convention of July 4. Imade known my business without any circum- locution, The smile of interest changed to one of surprise, That a person should travel nearly nine hundred miles to hold @ conversation with him was something a little out of the routine of matters corm- ing within the range of his daily observation. Had I been a politician even from New York to makea bargain regarding the nomination it would have been surprising enough, particulariy asthe object might be attained just as weil byletter. He had no objection—none whatever, he said—to talk with me upon political topics, but “did I want to print the conversation?” I explained that such was my wish, as the natural sequence of the interview andas a part of the business which had brought me to see him. Rad Mr. Pendleton been a tortoise I have no doubt that at tnia moment he would have rendered himself totally invisible to me excepting his shell. As he is not a tortoise such a plece of zoological strategy was impossible. He did something approaching to it in the human way, however. The smile of welcome, ‘which had changed to one of surprise as I told my mission, had now changed to one of startled appre- hension. “As a friend, sir, 1 shall be happy to converse freely with you on any and all political subjects, but Iwill.not doo for the sake of having it printed. These conversations between correspondents and public men are very ridiculous—very ridiculous.” And move him from this determination I could not. It was in vain that I plied every argument I was ca- pable of. He was unalterable in his decision, “No, sir, I could not think of it, Such a thing would do no good. Not that I have anything to con- ceal. My sentiments are wei known. There is nothing Ihave to conceal. I wil. tell you everything in a private way, if you promise not to print it.”” Of course such # promise was out of the question. Not despairing yet, | exerted every artifice within my capacity and employed every weapon in my re- Portorial storehouse to induce a change of his de- cision, It was of no avail. “1 have no objection to telling you all I think,’’ he continued, “but I do not wish to have @ conversa- tion with three or four hundred thousand readers of the HkgaLp before breakfast.’ The old smile came back to his face and the con- versation turned upon the weather or some equally interesting and important topic. This record of the interview, while serving to show Mr. Pendleton's sensitiveness and his deep-rooted convic- Won of the ridiculousness of holding a conversation on political subjects for the benefit of the commu- nity, will also fllustrate the dimcuities under which ® correspondent sometimes labors, and will con- vince the reader that a correspondent's duties are not always couleur de rose, Disappointed at the outset of my undertaking, 1 was compelled to have recourse to the best means at hand of learning the exact views of Mr. Pendle- ton on the questions now agitating political circles. Thad not forgotten that he was wholly unreserved among his friends in discussing these questions. In fact, in their society he has always been very com- municative. From one of the most intimate of these friends—one who enjoys his confidence to the fullest extent—I have gathered such facts as are given below, and the assurance is imparted with them that they are entirely reliable a8 a precise def- nition of Mr. Pendieton’s position and opinions. On this point there is no cause whatever for doubt. THE FSSLING IN THR WEST AS TO THE NOMINATION OF CHIRP JUSTICE CHASE. ‘The Western democrats are watching with jealous interest the progress of the movement to nomins to Chief Justice Chase, It wasa complication, or rather @ development, for which they wore wholly unpre- pared. They feel, not bitterly, but warmly on the onthe subject in opposition to those who would make Mn Chase the democratic nominee for Presi- dent at the next election, and the friends of Mr. Pen- dieton will make ® most desperate against the Chief Justice im the Convention. er cannot un- derstand the inconsistency, as they call it, of thelr Eastern brethren in abandoning the prizoiples which they advocated only a few mgnths ago when it was. possible that Mr, Chase might even be the most suitabice of candidates to the most radical of republicans. Mr. Chase's views are not democratic, and he cannot stand upon the democratic platform without an entire recanta- tion of his own words or without ® very decided alteration of his opinions, The democratic faith, according tothe Western interpretation of it, en- tertains no policy on the queation of suffrage, except that the question ts one which should and must be left to the States to decide, each one for itself, Even s modification of Mr. Chase's views would not be sumictent, Universal suffrage, suffrage and repre- sentation according to the proposed article fourteen, or impartial suffrage, are all contrary to democratic , or a fatal abandonment of principles by the demo- wit tw aad gnit. aaa 8, at ae ot tone “SUNK 11, 1868—TRIPLE SHEET, doctrine. The nomination of Mr. Chase would, therefore, be impossible without a very ourious political somerset on the part of the Chief Justice ‘amounts to one-#fta of all the property, real and per- ‘sonal, of Overy: man, woman and child in the coun- try—that capital so well able to bear taxation—and yet thiat oe-ffth is exempt from taxation. In his famous speech at Milwaukee, lust November, Mr. Pendleton used the following warm language in this connection:—“Labor wild become restive; discontent will enter the hearts which control its brawny arms. ‘This state of things cannot last. It ought not to last. I beg of the bondholders to be prompt and wise— wise to discern their true interests, prompt to act upon them; for I tell you, gentlemen—I do not say tt by way of threat; I say it by way of solemn and timely warning; it is no threat to say when the sun rises in the east that it will ascend to the zenith and set in the west and leave us in darkness; it is no threat to say when we see the gathering clouds that there will be storm—that as sure as there are passions in the human heart this capi- tal of the bondholders will be made to bear the same burden as other property, and those burdens will be speedily lightened, or other and ‘worse consequences will follow, involving, perhaps, the violation of national honor and of plighted faith.” It is this system which, in his opinion, makes the rich richer and the poor poorer. The temptation to moneyed men to invest in these bonds converts active capital into tnactive capital, increases the number of those who do not pay taxes and adds to the burdens of those who do. Capital is practically exempt from the onus of taxation, and labor sus- tains it. ‘HIS VIBWS CONCERNING THE NATIONAL DEBT. Mr. Pendleton is the advocate of a very general policy concerning the liquidation of the national debt. He is emphatically opposed to the doctrine that it is a ‘national blessing.’” He thinks that the finances of the country possess the capacity of pay ing it off in five years—that is, by their judicious Management; and he is not in favor of protracting the payment of the last dollar ope day longer than is necessary. I will give you his arithmetic for the ac- complishment of this most desirable object. Reduce the current expenses of the government to $150,000,000 year, which is quite feasible by cutting off every extravagance and lop- ping off every unnecessary expenditure. This sum does not include, of course, the inter- est on the public debt, which requires about one hundred and thirty millions annually. The ag- gregate is, therefore, two hundred and eighty mil- Hons, The revenues of the government in 1866 amounted to five hundred and sixty millions. They were not as much in 1867, owing to wastage in the Revenue Department and to the impolitic contraction of the currency during that year, but they can be made aagreat by proper management. From this revenue take the aggregate above and a balance of two hundred and eighty millions is left annually with which to create a sinking fund that would pay off in five years every cent of the principal and 1n- terest of the national debt, and without the addition of a dollar to the circulating medium of the country. He would pay off the five-twenty bonds in currency as fast as it was possible to do so. He does not know that it is possible to pay them as fast as they ma- ture, even in currency, but he thinks every possible effort ought to be made todo so, The result of such a course would also be to hasten very rapidly the day of specie payments. How soon that would be reached Mr. Pendleton does not attempt to prophesy, but he specifies the time in a general way in the very general adverb “soon.” INJUSTICE OF THE NATIONAL BANK SYSTEM. Mr. Pendleton is an inveterate opponent of the national bank system, and he supports his opinions by avery ingenious argument, the depth of which, however, I leave to greater experts in finance. The money which the government is wasting, and will waste, in the national banks would, according to his figures, pay off the national debt in from thirteen to fifteen years—certainly » very original way of looking at the national bank system, Here is his arithmetic, The government is paying annually the sum of eighteen millions of dollars in gold as interest on the bands which the national banks have deposited at Washington as collateral. If the present policy of converting the unliquidated debt or the circulating medium into national bank notes is persisted in, this annual interest in gold will be augmented by forty-eight millions. By compounding, the aggre- gate would amount to the national debt in the time specified, Those who complain of the system for other reasons have a new light in which to see its gross injustice. Phe tnference of Mr. Pendleton’s theory is that the abolishment of the national banks would pay the national debt in less than sixteen years. His remedy for the evils of the system is a repeal of the law authorizing tt, with a provision for the withdrawal of the notes and the purchase of the collateral bonds at their face in greenbacks. The purchase of the bonds would reduce the national debt $300,000,000, would do away with the necesalty of paying the $18,000,000 gold annually and would not add one dollar to the volume of the currency, because the new greenbacks would take the place of the old bank notes. He maintains that this theory or plan for adjusting the finances of the nation in this particular has the additional recommendation that it does not add one dollar to the taxation of the country. THR CURRENCY AND THE FINANCIAL SYSTRM. In Mr. Pendieton's opinion the caase of the depre- ciation of the currency {3 the redundancy of paper money, the lack of faith on the part of the com- munity and the consequent impairment of public credit, He does not think the attempt should be made to pay the national debt by any further issue of greenbacks, while justice to the bondholders de- mands that the currency should not be expanded. He is equally opposed to any sudden contraction of the currency. ‘The interests of the people and of bustness and commerce require that any step in this direction should be of a most deliberate and gradual kind, The great defect of the present financial policy, in his judgment, is the conversion of non- interest bearing debts into interest bearing bonds, ‘Thus the official statement shows that the national debt at the end of May was larger by several millions than at the end of April, owing to the payment of some twenty millions of interest. Yet the same statement shows that there was $100,000,000 in gold in the Treasury, which might be applied to the liqul- dation of these debts and thus prevent the recurring of interest. As to the question of taxation, he ts of the opinion that it will take care of itself when the more im- portant questions of the regulation of the finances and the payment of the national debt are disposed of. For the present it is only secondary in interest and importance. GOLD AND GRERNBACKS—THR EFFRCT OF & DEMO- CRATIC VICTORY NEXT FALL. He {6 not over sanguine as to the success of the democratic party next fall. The successive victories, of the-past year have their logic, however, and the prospect is a most hopeful one. A democratic vic- tory would make @ great difference in the relative value of gold and greenbacks. The success of the democrats would make paper money more valuable. Arepublican triumph would enhance the value of gold. _ Such are Mr. Pendleton’s views and theories con- cerning the great financial questions that are to enter into the Presidential campaign. I have given them quite fully, because they constitute the great “hobby” on which his friends intend he shall ride over the national race course next November. HIS VIEWS ON THE SUPPRAGH QUESTION, He holds to the ancient democratic faith on the question of suffrage in the reconstructed States. It ts one which i# constitationally left. to the States, and each State should have the right to determine it for itself, He ts opposed to the enfranchisement of the negro in the South by Congress, and thinks that if the black maa ts commttted to the care of his ‘white fellow citizens in that region he will be sub- Jected to no more injustice than is the woman of the North, who ts not allowed to vote, but is still secured in all her rights. His parailel'is quite an. ingenious if not an original illastration of his views on this important tesue. Entertaining these opinions, Mr. Pendieton will not decline to be @ candidate at the New York Con- vention in favor of Mr. Chase. He has influential and numerous friends who are going thefe to he: his cause. This movement has taken the shape in one instance of @ “Pendleton escort,” which will Proceed to the metropolis and give him all the assint- ‘ance that an organized body may. The great con- test in the Convention will lie between Chief Justice Chase and Mr, Pendieton. It will bea struggle be- tween the Eastern and the Western democracy, who have many points of dissimtiarity. The respective Champions will be the gontiomen just maq™od. It le cratic party. f MR. CHASE'S FINANCIAL VIBWS UNDEMOORATIC. ‘The friends of Mr. Pendleton arraign Mr. Chase on another and, in their estimation, very serious charge. They can forgive their Eastern brethren for their abandonment of their policy on the question of suf- frage, because in these days politicians are apt to do many strange things, but they cannot discover by what process the democratic leaders hope to bring the party to endorse the ex-Secretary of the Treas- ury, who, with Jay Cooke, was the author of the assumption that the seventeen Nun- dred millions of five-twenty bonds are payable, principal and interest, in gold. It should not be for- gotten that the financial question is one in which the Weat is much more deeply interested than the East, and the platform of next Fourth of July, whatever glittering generalities it may contain, must be ex- plicit on the question of the bonds, or it will not be so cordiafy supported in the West, where everybody talks finance and currency. The democrats hero might yield on the question of suffrage to their time- serving confreres of the Atlantic States, but on the question of the bonded debt they are immovable, Hence they look with eager interest as delegation after delegation and journal after journal pronounces in the East for the nomination of Mr. Chase, who is, more than any other individual, responsible for a theory regarding the payment of the bonds which is toadd elght hundred millions of dollars to the national debt, or about thirty-three per cent of the amount which is in the form of bonds. MR. CHASE NOT POPULAR ENOUGH, It is asserted again that Mr. Chase has personally no elements of popularity, He is a very grave, dig- nifled gentleman, for whom it would be impossible to get up much, if any, enthusiasm. Not that he would not make a good canvass of it, Those who know Mr. Chase—and none know him better than the politicians of this State—are aware of his great i evaay Skill and success as @ political manager. ith the democratic party pledged to him, it is ad- mitted, he would contrive to get enough re- Publican votes to elect himself im nearly every Weatern State. . He is confessedly the strongest re- publican in the State of Ohio, and would carry it against Grant despite his fame and name and radical endorsement. Would the democrats of the West stand by him, however? The answering of the ques- tion would lead to a hundred opinions about the action of radicals who might be won over to vote for him, avout democrats who would abandon their party to vote for Grant (an original democrat), about conservatives who would vote both ways, and 80 on ad infinitum, Its solution would plunge reader and writer in a maze of unsatisfactory specutations. The deduction which the democrats here make from the present situation of affairs is that there 1s a wide breach between Mr. Chase and the democratic party which it will Se dificult to span or close up. The question occurs, Will Mr. Chase go to the democratic party or will the democratic party go to Mr. Chase? MR, PENDLETON ON THE SITUATION. Whatever his friends think for him Mr. Pendleton has kept to himself what he thinks of Mr. Chase as the democratic candidate. He is not disposed to yield his own claims to the nomination, especially as his friends are so enthusiastic and determined tn their support. He is naturally ambitious of hecom- jug President of the United States, and his friends think he would make a good one. The sudden ap- pearance of Mr. Chase on the political stage as a rival to himself has been so unlooked fer that he has formed no opinions decisively on the subject. It is doubted, indeed, whether he regards Mr, Chase's chances with any apprehension, Mr. Pendleton is a great admirer of the Chigf Jus- tice, and has spoken in the warmest terms of his ability, wisdom and integrity. He has always re- garded him as an honorable and consistent man in his political views, and hence, perhaps, his lack of apprehension that Mr. Chase will be the democratic candidate, not through the fault of the Convention, but through the unwillingness of Mr. Chase himself to accept the nomination if given him by a party with whieh he Las been at war during the whole of his political career. If Mr. Pendleton is consoling himself with any such thought, then he is not aware of the real strength and character of the movement for the nomination of his rival. For the only other prominent candidate—General Hancock—he ikewlse possesses the greatest admiration, entertaining, in addition, fecliags of the warmest friendsiip, Al- though Mr. Pendleton, with Vallandigham and others, was among the foremost of tue peace democ- racy, and, during his Congressional term, was @ zeglous opponent of the war measures of the govern- ment, his antipathy was not of such a character as to blind him to what he styles the genuine democracy of his friend General Hancock, who, shoulder straps and all, is unobjectionable on account of his war re- cord. He has not indicated his views a3 to the most fit candidate for the second position on the Presiden- tal ticket. HIS VIEWS ON THE BOND QUESTION. Mr. Pendleton, if not the author, is, at least, the great expounder of the theory that. the seventeen hundred millions of five-twenty bonds, as they are familiarly known, are not necessarily payable in gold, but are, by the law which brought them into being, payable in lawful money or legal tenders. His promulgation of these views has given him a noto- riety all over the West and made him the popular candidate for the democratic nomination, so far as his own part of the country is concerned. He is not likely, therefore, to be a favorite with the Belmont democratic bondholding capitalists of the East, who are extremely sensitive on this question, and who would rather omit its consideration at the Conven- tion, a8 was indicated at Albany last March, when Seymour made his noncommitial speech previous to the election of the State delegates. The West will in sist on the insertion of a plank in the platform rep- resentative of the greenback interest, and hope to place Mr. Pendleton upon it as their champion, His views in detail on this vexed question may not be uninteresting just now. True to his State rights opinions he charges that the present financial sys tem is to be made an important part in the process of consolidation and centralization now going on in pursuance of the policy of the republican party, He believes that the enormous debt should be paid, every dollar of it, principal and interest, at the time it becomes due, “exactly in accordance with the terms of the contract under which the loans were made.” The last few words, as quotea, contain the gist of his position. Part of the debt, he says, is payable m gold and part of it in legal tender notes. The faith of the country requires that the one should be paid in gold, and the interest of the country requires that the other should be paid in legal tender notes. Previous to 1862 all debts of the United States were payable in coin. Butin February of that year Congress passed the Legal Tender act. Every contract after that time for the payment of money was made with full knowledge of the law, and every bondholder must have purchased with the evidence before his eyes that his bond was redeem- able in legal tenders. The section providing for the issuing of the bonds is a portion of the ect making greenbaeks legal tender. If this construction is not right, inquires Mr. Pendleton, why did the govern- ment in the subsequent issue of the ten-forties pro- vide, notwithstanding the Legal Tender act, that these last bonds should bear apon their face an ex press promise that the principal should be paid in gold? He maintains that -every bond, except the ten-forties and those issued before the Legal Tender act, is payable in the greenbacks of the country, the opinions or assumption of Mr. Chase, when Secretary of the Treasary, to the countrary notwithstanding, The Legal Tender act itself ts explicit: Thelaw pro- vides that.the principal of the bonds shall be paid in lawful money end the interest tm-coin, Again, the bond itself shows that the principal may be paid in lawful money while the coupons declare that the in- terest shall be pald in gold. Mr. Pendleton vigorously opposed the Legal Tender act when be was in Con- gress, as he thought the war could be carried on upon a cotn pass, as were the wars of Napoleon for years against the world. The law once enacted and the business and values of the country becoming ‘wrapped up in it, he believes tn carrying out in good faith {ts provistons to the end, * ‘TH BONDS SHOULD BE TAXED. On this point Mr. Pendieton is very emphatic. Not only do the republicans add forty per cent to the national debt by insisting that the bonds are payable in gold, but they exempt the bonds from State and local taxation, Tho public devs, ap he computes It T Sana daa claimed by the more enthustastic of Mr. Pendieton's friends that he will have a majority om the: first bailot. ‘The fight in the Convention wit be a fair one, amd if Mr. Chase {8 nominated no man will givehim « more cordial support than George H. Pendleton. His friends will place his name before the Convention with the intention of abiding cheerfully by tts deet- sion. Only tt will be 9 curious complication tn poli- ties if next November the republicans shall run Gen- eral Grant, @ democrat in heart and by education, while the democracy run Chief Justice Chase, an old line whig and @ republican from the birth of the party. EUROPEAN MARKETS. Lonvon MONEY MARKET.—Lonpon, June 10—5 P, M.—The following are the closing prices at the Stock Exchange to-day:—Consols for money, 06 a 95%; consols for account, 9544; United States bonds, 72%; Erle shares, 46%; lilinois Centrals, 10114, FRANKVoRT BouRsE.—FRANK¥oRT, June 10,— United States five-twenties closed at 77% for tho issue of 1862. LivgRPOOL Corton MaRkET.—LIVERPOOL, June 10—5 P. M.—The cotton market closed dull at aslight Leyak in prices. cd piows are fae figures: uplands, <a. ; mn ing Orie: iu ee ds bane enna t ae. ws LIVERPOOL BREADSTUFFS MAKKET.—LIVRRPOOL, June 10—5 P. M.—Peas have advanced to 443. per 504 Ibs. Corn, 348. 3d. per quarter for mixed Western. Wheat, 138, 10d. per cental tor Califurnta white and 12s. 3d. for No. 2 Milwaukee red. Oats, 38. 6d. per bushel. Flour, 328. per bbl. for Western canal, LIVERPOOL | PROVISIONS MARKET.—Liven} June 10—5 P. M.—The market closed quiet, 1108, POOK, Bert, r bbl. for extra prime mess. rk, 82m. a4. ro prime mess. Lard, 658. 64 per jis., per cwt.. for the best grades of American fine, Bacon, 463. 6d. per cwt. for Cumbes- land cut. Liverroor, Propucs MARKET.—LIVERPOOL, Juns 10—5 P, M.—Rosin has advi to 6s, 3d. per cwt. for common North Carolina. Refined petroieum in quiet at le, 434d. per gallon. Spirits petroleum, 8. per gallon. LONDON MARERTS.—LONDON, June 10—5 P. M.— Sugar is declining, tfe last sales being made at 274. 2 Dutch standard. Calcutta lin seed, 698. 6a. PRTROLRUM MABKRT.—ANTWERP, June 10.—Petro- leum closed at 47s. per bbl. for standard white, plinnuthaaedbarecteniheneresn Phalow’s,, Paphian Lotion” is the Only Re. ladle remedy for blemishes of the akin. si cwt. for No. per ea. A—Ward' A.—Ward’s Cloth Lined Paper Collars and Cuffe, Broadway aod Union equare; also wholesale and retail at 387 Broadway. A Nip of a Mosquito. Wickes Soren! Lite, contemptible torments I wish & blow, including the grandfather. for WOLCOTT'S PAIN PAINT jn one mintle and cures the car time Tam bitten. I know it, for € es. I keep a boitie in my pockes — a evaporate out the buraing pe will cure the bite of @ bedbug, too, and ra it won't tells a whopping lie. If you goto ice you can try Pain Paint tree of coat, 00, stops the itching emart | Dr. Wolcott's A.—Phalon’s | «< Pap! FRECKLES, PIMPLES, TAN, ELAS, ac. n_ Lotion” Removos SALT BHEUM, ERYSIP- Le, jan lon.’ StwiiPack ehap the. akin; it te invaluable for the TOLLET, BATH aod N RSERY. Hi for Gents aad ~ bam | U REE, 138 Fultoo street. .—Renl Pongee Parasols, all Sizes. carlin Tease SMITH'S Son &CO., Manufacturers 405 Broadway, near Waiker atreet. A.—One Spa in the World, and Ovly Ono, affords a certain cure for bilious disorders. It is eno Seltzer Sprag in Prussia, But why goto Prussia for Gere wbionwe all have within our reach inthe form of TA! KANT'S SELTZER APERIENT, analytically the snmoas the original, and equally efficactous. Sold by all druggiste. Boots, Shoe: a a Si pers in Kvory variety at moderate prices at 73 Broadway, > yop, Cirenlars of Every Description and Notices to atten meetings prined In the neatoat po eatbio 2 manser, , wen sian ouiar place ia the oy METROPOLITAN JOR PRINTING ESTABLISHMEN saan street. ‘The Best 5 Ever Cristadoro’s Hair Dye. Tee apne eh Ree manufactured. Wholesale and retal Astor House. Established in 1800.—The Metropolitan Job Printing Establishment, 97 Nassau street. ting of Every Doscrip= ‘a Job Printing Establishment, 9 iret As tion go to the Metropol Nassaustrecs. 2 ‘or Novelti Send to Campaign Head- queens: Qldrens BW. Hitchcock, Publishor and Manufac- tree of Campaign Goods, #8 Spring street, New York. fold and Si ches ofl description for sale Coa C. ALLEN, 415 Broad- way, one door below Canal ati Hill, the Inimitable Hair Cutter—Studlo 266 Broadway. Shaving, Dyelng, &. Hair Dye 50 cents, black or brown, best in use. Kectt or All Healing Ointment, sotd dy alldruggiste, Jerome Park Races.—Nearest and Quickest Route. Take horse cars on Morriaanta side of Harter Bridee. connecting with Harlem steamers from Peck slip and with ‘Third avenue care. it diaturbed at night and brok fering and crylog tbe excruciating p 01 mn SOOTHING SYRUP, Iwill rellevs the poor litle eulferer immediately—depend upon {t: there ts no mistake about tt. ‘There (s not a moth arth who has ever used it who wilh AM rey ‘the bowels and give Peto the wetber © ef aod health to the child, operat all cases, aod uP URTIS & PERKIN” on the ont- Having the fac-aimile o do wr ase tmitations. aide wrapper. All other: jeatn Economy and Despatch Combined nthe Srecutica ‘of orders. Metropolitan Job Priating Betas tahmeni, 97 Nassau street. on Overto; Knox (¢).—Thousands Have Mise yereonplne Me eadeuvorto beat KNOX. if iain fat trade, like the frog tn the fable, have tried to swoit oUtto the same goodly position before the public, and with the Same reslat en's recorded of th frog aforesaid. Hie building. ‘on the corner of Fulton street Broadway, which te = fnonument to his own Industry, is also a token of the publie favor whieh en: him to erect ft, His Hatacap all. jetmy Law Reports, &c., Executed reac canons aida oe rintia : cane TROPOLITAN JOB PRINTING ESTABLISA: ENT, 97 Naseuu stevet, 16 Wail street, ay. Corner—97 | Nassau orrests corner Fulton, The Metropolitan Job Print! og Batabi Witdesoripth (ae? or eale oF ol ea dese besow Casal The Evening Telegram. ry, by GEO. C. ALLEN, 415 Broad- reat. THE EVENING TELEGRAM, UNLIKE THE OTHER EVENING JOURNALS OF THIS CITY, FINDS (Ta COLUMNS SO CROWDED WITH INTERESTING NEWS THAT ANY OTHER THAN LIVE ADVERTISEMENTS— CHANGING FROM DAY TO DAY -ARE ALMOST EN. TIRELY EXCLUDED. OWING TO THE UNPRECEOENTED INCREASE (N THE ADVERTISING PATRONAGE OF THE EVENING TELEGRAM, MANY OF OUR ADVERTISEMENTS ARB VERY, OFTEN UNAVOIDABLY CROWDED oUF \| ON ACCOUNT OF IMPORTANT NEWS. YESTERDAY NED BETWEEN BIGHT =} NTA EVENING ALONE IT ec AND NINK COLUMNS OF ADVERTISEMENTS; BOT OWING TO & VAST AMOUNT OF VERY INTERESTING NEWS HAVING BEEN RECEIVED AT A LATE HOUR MANY OTHRE ADVEBTISEMENTS WERE DEHARRED Pao MEETING aE PUbLic RYE. We MUST AGAIN RESPROTFOLLY BRO OUR ADVERTISERS to HAVE PATIBNCR A LITTLE LONGER AND tHRAR DISAPPOINTMENTS WILL BE OBVIATED. THEY ARR ALSO REMINDED mut or BANDING IN THBOR ADVERTISEMENTS exniiae THR MORNING FLY NOT ONLY SECURE ror THEM a cowsprevous PLACE In THE PAPBR, AUT ALSO PRECLUDE THE POSSIBILITY OF HATENG THAM CROWDED QUT