Speech of General R. B. Hayes, delivered at Zanesville, Ohio, Thursday, August 24, 1871.

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The change of principles which a majority of the late Democratic State Convention at Columbus decided to make, commonly called the new departure, lends to the pending political contest in Ohio its chief interest. Indeed, there is no other salient feature in the Democratic platform. Resolutions in the usual form were adopted on several other political topics; but the main discussion, and the absorbing interest of the convention, was on the question of accepting as a finality the series of Republican measures which is generally regarded as the natural and legitimate result of the overthrow of the rebellion, and which is embodied in the last three amendments to the constitution.

Certain influential Democratic leaders in Ohio had become satisfied by the repeated defeats of their party that no considerable number of Republicans would ever aid the Democratic party to obtain power until it fully and explicitly accepted in good faith, as a final settlement of the questions involved, the leading Republican measures resulting from the war. They were convinced that Republicans generally regarded these measures of such vital importance that, until they were irrevocably established, other and minor questions would not be allowed to divide that great body of patriotic people who rallied together in support of the government during its struggle for existence. The important principles which Republicans claim should be accepted as settled are:

1. That the National power is the Supreme power of the land, and that the doctrine that the States are in any proper sense sovereign, including as it does the right of nullification and secession, is no longer to be maintained.

2. That all persons born or naturalized in the United States, and subject to their jurisdiction, are citizens thereof, and entitled to equal rights, civil and political, without regard to race, color, or condition.

3. That the public debt resulting from the war is of binding obligation, and must be fully and honestly paid.

Mr. Vallandigham, with that boldness and energy for which he was distinguished, undertook the task of forcing his party to take the position required to make success possible in Ohio. In this work, he was encouraged, and probably aided, by the counsel and advice of that other eminent Democratic leader, Chief Justice Chase. The first authentic announcement of the new movement in Ohio was made by the Montgomery County Democratic Convention, held at Dayton, on the 18th day of May last. The speech and resolutions of Mr. Vallandigham in that body contained much sound Republicanism. He still clung to a general assertion of the State rights heresy, but accepted the last three constitutional amendments "as a settlement, in fact, of all the issues of the war," and "pledged" the Democratic party to the faithful and absolute enforcement of the constitution as it now is, "so as to secure equal rights to all persons, without distinction of race, color, or condition." On the subject of the National debt, and of currency, he was equally explicit. He declared "in favor of the payment of the public debt at the earliest practicable moment consistent with moderate taxation; that specie is the basis of all sound currency; and that true policy requires a speedy return to that basis as soon as practicable without distress to the debtor class of people."

Surely, here was a long stride away from the Democracy of the last ten years, and toward wholesome Republican ideas. If a Democratic victory could be gained by adopting Republican principles, the framer of the Dayton platform was not lacking in political sagacity. Unfortunately for the success of the scheme, no Ohio Democrat of conspicuous position, except Mr. Chase, is known to have approved Mr. Vallandigham's resolutions as a whole. The chief justice wrote to Mr. Vallandigham the well-known letter of May 20, in which he warmly congratulated him on the movement which was to return "the Democratic party to its ancient platform of progress and reform."