25 JULY 1868, Page 1

We have elsewhere explained that the platform accepted by the

Convention of American Democrats is a platform of State sovereignty as well as of repudiation. Upon this latter point the Republicans themselves seem shaky. A resolution requesting the Committee of Ways and Means to prepare a Bill levying a tax of 10 per cent. upon United States' Bonds was proposed by General Butler, and carried by 92 to 55, the majority containing 55 Republicans, and this though repudiation had just been repudiated by the party assembled in Convention at Chicago. It is suggested that the Republicans do not like losing the Repudiator vote, and trust the Senate to reject any such bill ; but a man is not the less a thief because he thinks the police will take the handkerchief from him. The Committee of Ways and Means reported unani- mously against such a bill as fatal to American character and credit ; but there is more dishonesty among American Liberals than their friends elsewhere can either tolerate or pardon.