The Indiana Democracy Rebuked

From the N. Y. Herald. The Domocracy of Indiana, who held tlioir State Convention on Wednesday, adopted a platform whicli should fill the wise men of tho party in othor StateH with profound aji]irclionsion and ïuisgivings. ïho Inditvua Deinocrats havo revivel, indorsed, and ptomulgated tho repudiation doctrinos on which Pondleton made hia unsuooeasful and ingloiiou oanvass for the Democratie uomination for tho Presidenoy in 1868. It would have seemed incredible, previous to the fact, that a body of sano meu assembled for opening a political canvass Rhould piek up the dead horse of ropudiation, set it on its legs by party propping, and gravely niount it in the expoctation of winning tho rac:. How is it possible that they could so misconceive the public sentiment of 'tho country? Tho hbsouibled Indiana Deinocrats liavo the amazing folly to declare that " we aro iu favor of the repeal of tho law of March, 1860, which assunied to construe the law so as to make such bond payable exclusively in gld;" and that " we are in favor of the repeal of the National Banking law, and the ubstitution of greenbacks for the national bank currency. " We can conceive of no greator blunder which the Democratie party could perpetúate, in the present state of ptffilic sentiment, than to unbury thePendletonism of 1868 and prosent its corpse as a candidato lor reception in living political society. This issue killed Pendletou as a caudidate, although it recoived a trimniiug indorse ment in the national platform. The platform defeated tht) actual candidate, who had made able and vigorous speeches agaiust its principie, and was asstrongly committed as a statesman could be to a faithf ui payment of the public debt. If the peoplo ever decided anything in a Presidential election, and deoidod it irreversibly, it was the groeuback controversy iu 1868. Whon the Republican Congress, in the extra session of March, 1869, enacted the law of whioh the Indiana Domoonits now demand the ropaal, it meroly gave logislative expression to the pojmlar will as then recently declared by an overwholming popular voto. The Democratie party discreetly acquiesced in that verdict, and have never sought to diöturb it uutil now. Nothing is more certain than that the Eartern Demócrata will never countenance this revival of defunct repudiation, which they rejected when it was fresh and had the seductivo gloss of novelty. lts reindorsement in the West tonds only to distraction and división at a time when the moral influence and political success of the party depend on compact unity in defenso of sound principies. It is astonishing that political leaders can be so misguided and throw away the fairest opportunities. There was never so splendid an opening for the Democratio party as is furnished by the presont financial condition of the country and tho egregious failuro of the Itepublicans to moet it by any measures of relief. If the Democracy wero oapablo of watching the situation with adequate sagacity aud foresight the path to success would lie before them. But it is only as au organized phalanx, moved by one purpose and strenuously acting together with perfect singleness of aim, that they can gain a controlling ascendeucy over the public mind. If they only had the wisdom to " understand their epoch " and stand as a compact host for sound momentary and fiscal principies, fighting again the great battle won in a former generation by Jackson and Benton, they could carry the country with them in an assured march to victory. But the Indiana Deinocrats at least are smitten with political blindness. Besides sowing the Beeds of internal schism and setting the party by tho ears by committing themselves to doctrines which its wisest members detest, bringing the organization into the situation of an army whose battalions discharge their fire into each other instead of doing execution against the common enemy, the Indiana democrats are supplying the Itepublicans with destructive weapons. Ihey put it in their power to charge the whole party with repudiation tendencies. Party warfare is nover scrupulous or iiscriminating, and when the Deinocracy Df an important State like Indiana dejlare openly for repudiation it ia mere justomary tactics to hold tho whole party responsible. There is no Wostern State ' where this folly could have so damaging a general effect as in Indiana. lts Democratie Governor, who was the presiding officer of the Convention, is one of the three or four statesmen most talked of as Democratie candidates for the Presidency. It has bean heretofore supposed that his financial views were sound, and he ought to have had influence enough to prevent the passage of such insane resolutions. Indiana is also the home of Michael C. Kerr, one of the most upright, judicious, and respected Democratie statesmen of the country, and a candididate for election to tho uext Congress. There is uo public man in the Democratie party who has better titles to influence than Mr. Kerr, or who has been so uniform and strenuous an advocate of sound principies in every branch of fiscal policy. Why did he and Governor Hendrioks allow the perpetration of so stupendous a folly ? Why did they surrender the misguided Democracy of Indiana to the glibtongued Voorhees, and imperil all the hopes of the party in the next Presidential election ? There is too much reason for apprehending that the Democratie party has lost all sense of the source of its ancient victorious strength, which consisted in perfection of discipline, complete unity of action, and a sagacious perception of the value of opportunities. What a magnifleent fight a thoroughly united Democracy might have made againet the financial absurdities and imbecile legislation of its opponents '. But when the handle of the pitcher was offered to them they havegrasped its belly, and it is likely to fall to the grouud and spill all its contents. This enormous blunder must be retrieved or the Democratie party is doorned. Every Democratie State Convention hereafter to be held must repudíate and denounce repudiation, or else the"tide" which, "taken at its flood," might have " led on to fortune," will retire and leave the Democracy of the country stranded " in shallows and in miseries."