The declaration of principles by the Cincinnati Convention makes no announcement in favor of a single presidential term. I do not assume to add to that declaration; but, believing that the restoration of the civil service to the system established by Washington and followed by the early presidents can be best accomplished by an executive who is under no temptation to use the patronage of his office to promote his own re-election, I desire to perform what I regard as a duty, in stating now my inflexible purpose, if elected, not to be a candidate for election to a second term.

On the currency question, I have frequently expressed my views in public, and I stand by my record on this subject. I regard all the laws of the United States relating to the payment of the public indebtedness, the legal tender notes included, as constituting a pledge and moral obligation of the Government, which must in good faith be kept. It is my conviction that the feeling of uncertainty inseparable from an irredeemable paper currency, with its fluctuations of values, is one of the great obstacles to a revival of confidence and business, and to a return of prosperity. That uncertainty can be ended in but one way—the resumption of specie payments; but the longer the instability connected with our present money system is permitted to continue, the greater will be the injury inflicted upon our economical interests, and all classes of society.

If elected, I shall approve every appropriate measure to accomplish the desired end, and shall oppose any step backward.

The resolution with respect to the public school system is one which should receive the hearty support of the American people. Agitation upon this subject is to be apprehended, until, by constitutional amendment, the schools are placed beyond all danger of sectarian control or interference. The Republican party is pledged to secure such an amendment.

The resolution of the convention on the subject of the permanent pacification of the country, and the complete protection of all its citizens in the free enjoyment of all their constitutional rights, is timely and of great importance. The condition of the Southern States attracts the attention and commands the sympathy of the people of the whole Union. In their progressive recovery from the effects of the war, their first necessity is an intelligent and honest administration of government, which will protect all classes of citizens in all their political and private rights. What the South most needs is peace, and peace depends upon the supremacy of law. There can be no enduring peace if the constitutional rights of any portion of the people are habitually disregarded. A division of political parties, resting merely upon distinctions of race, or upon sectional lines, is always unfortunate, and may be disastrous. The welfare of the South, alike with that of every other part of the country, depends upon the attractions it can offer to labor, to immigration, and to capital. But laborers will not go, and capital will not be ventured, where the constitution and the laws are set at defiance, and distraction, apprehension, and alarm, take the place of peace-loving and law-abiding social life. All parts of the constitution are sacred, and must be sacredly observed—the parts that are new no less than the parts that are old. The moral and material prosperity of the Southern States can be most effectively advanced by a hearty and generous recognition of the rights of all by all—a recognition without reserve or exception.

With such a recognition fully accorded, it will be practicable to promote, by the influence of all legitimate agencies of the general government, the efforts of the people of those States to obtain for themselves the blessings of honest and capable local government.

If elected, I shall consider it not only my duty, but it will be my ardent desire, to labor for the attainment of this end.

Let me assure my countrymen of the Southern States that if I shall be charged with the duty of organizing an Administration, it will be one which will regard and cherish their truest interests—the interests of the white and of the colored people both, and equally; and which will put forth its best efforts in behalf of a civil policy which will wipe out forever the distinction between North and South in our common country.

With a civil service organized upon a system which will secure purity, experience, efficiency, and economy; with a strict regard for the public welfare, solely, in appointments; with the speedy, thorough, and unsparing prosecution and punishment of all public officers who betray official trusts; with a sound currency; with education unsectarian and free to all; with simplicity and frugality in public and private affairs, and with a fraternal spirit of harmony pervading the people of all sections and classes, we may reasonably hope that the second century of our existence as a Nation will, by the blessing of God, be pre-eminent as an era of good feeling, and a period of progress, prosperity, and happiness.