Rensselaer Union, Volume 2, Number 4, Rensselaer, Jasper County, 21 October 1869 — The Defeat of Pendleton. [ARTICLE]

The Defeat of Pendleton.

The country has had a fortunate escape. The flight have resulted in national cnianuty; that it did not, is nair. George 11. Pendleton is u niftiest ionab ly theablestman,intellectually, among the Democratic leaders. By birth, education, tastes, habits, and assocla--tion, he has possibly less of the democrat about him than any of his competitors. He is proud of his relation to the “superior race ” of Had he been a resident cf that section in the days of have lived as a prince among his feudal followers. This ggntk'mqn.hasj>een au avowed candidareYor fne T’resittency ever since 1860. In 1864 he was nominated for the VicePresidency, miff was rejected by the people. t In 1866 he proclaimed the" new docforcing the holders of t he publid bonds to-tskv in lieu thereof an irredeemable paper currency, and, to make that currency yntaeleSs, he proposed to issue it by the thousands of millions. Hcfmpifaleji andasupJligpmple, He pointed out to them how they might' escape payment of both principal and interest, and escanc, taxation made .necessary to r»t4 s jPßfiitt he advocated by. speech and indetters* He'f&ited all parts of the country, exhibiting his financial scheme, and did as much as—if not more than—any other man tO'wmken the public credit, and retard the restorat on 'of the a shtind basis. He found willing followers’ among that portion of the Democratic party whose sympathies and interests had been on the "side of slavery and the 'rebelliMi. He was ac-cepted-by these as their leader, and, when Convention met in New York, in July, 1868, lie was the favorite of nine-tenths of th? rank and file of the 'Ho was tljeir choice for another reason. He 'Tian -not only toted against the constitutional amendment abolishing slaveiy, but he has always maintained that slavery could not be abolisrfM’W' Writ' mode, and, therefore', haff brtn legally abolished. Tlffi *ffl?ory- admitted the claims of slaveholders for fiieir alive property.' He was, therefore, not only the advocate of repudiating the national itebt, but in favor of paying the rebels for their property in slawa »t»i .««’•> ?<1 • i . > *H*nbe< eta wttioe'there were rivals. HendfifeMtfirt Htacbek, infinitely his inferiors in intellect, were al-o candidates. To defeat him they adopted ids distinctive policies, and claimed that t y would go further than he had p >mised. The fritataMT M<WMta*<inb> < (d, const! t iff <4l Bine-tenths of ttfo mnvofiitan,- tet/beifid hopelessly divided, their efforts resulted only in a mutual defeat. The result was the nomßlMpAttf’Htyufou . jTL Since that time the New York Democ-Qoverw*<Jfaw.-®«si«.rKThey

roundel him with the prestige of succcM. Under tyaqcucuauUncea it bceante.l'eudletorfs policy to offset the growing popularity of Hos man by getting electodGoveknor of Ohio. The result of that elecijim has been fatal to Pendleton. It has covered him with defeat In his own State. It it a personal as well as a political defeat. It is a refusal by the people of Ohio to accept. him, even with Ids high personal qualifications, and ft is a refiiml of the p<-o ple-to accept his specious promises of good times and plantv << money. The country has reason to rejoice at this decision of the people of Ohio. It is the death blow to the greenback policy. It nub an end to the scheme of repudiation. It is another )wipnlar declaration that the <l<-I»r is to be honestly paid. It is a public protest against the further issue of a depreciated paper currency. It is a demand torn return to specie payments and specie values. Il is a protest against reckless expansion, inflation, and speculation, ending finally, in national and individual bankruptcy and ruin. This election In Ohio is, perhaps, the clone of the political life of Mr. Pendleton,—lt will, at least, put an end to his Presidential aspirations. Other men will take hia place. He bid high,—he played tbo demagogue in the most mastci’ly style, —but lie has failed. He had ability, ami. was, therefore, more dangerous. In his defeat,xVc repent, the country has great cause - for rejoicing. Chicago Tribune, Orfoftatlj.