like an inscription from the tombs of the Ptolemys:

"_Resolved_, That the exemption from tax of over $2,500,000,000 in
government bonds and securities is unjust to the people and ought
not to be tolerated; and that we are opposed to any appropriation
for the payment of interest on the bonds until they are made
subject to taxation.

"_Resolved_, That the claims of the bondholders, that the bonds
which were bought with greenbacks, and the principal of which is by
law payable in currency, should nevertheless be paid in gold, is
unjust and extortionate; and, if persisted in, will inevitably
force upon the people the question of repudiation."

Here we have the bald proposition to repudiate the interest on the
public debt unless it is taxed contrary to law, as made known by
repeated decisions of the Supreme Court of the United States; and
secondly, the direct threat to repudiate the principal of the National
debt unless it is paid off in broken promises to pay. As the greenback
is simply a debt or a due bill, this paying debts with debts was a
patentable discovery in the science of finance. Taken in connection with
the declaration of Vallandigham in the canvass before, that the whole
bonded debt should be immediately "paid" in greenbacks, the resolution
simply meant that the war debt should not be paid at all. This robbing
the men whose money saved the Republic was not acceptable then to the
farmers and laborers of Ohio, and will probably not now be more
acceptable to the capitalists of New York. It is well, however, to
recall the antecedents of a party that first tried to get into power
through discreditable expedients, before resorting to a declaration of
honest principles in finance.

The convention took a "new departure," and, putting aside Ranney and
Pendleton, nominated General W. S. Rosecrans for governor, who was then
absent from the country. This nomination was mainly brought about
through the zealous efforts of Messrs. Vallandigham, Callen, and Baber.

The opinions General Rosecrans entertained of his new-found friends were
not favorable. In a letter dated February 3, 1863, from Murfreesboro,
Tennessee, General Rosecrans, in speaking of the slave-holding
insurgents, had used this language:

"Wherever they have the power they drive before them into their
ranks the Southern people, and they would also drive us. Trust them
not. Were they able they