But the real significance of the new Democratic creed was embodied in two salient and decisive propositions.
The first was the declaration "_that all the obligations of the Government, not payable by their express terms in coin, ought to be paid in lawful money_." This was a distinct adoption of the Greenback heresy.

The movement to nominate Mr.Pendleton did not succeed in its personal object, but it did succeed in embodying its ruling thought in the Democratic creed.

It proved to be the guiding and mastering force of the Convention.

The greenback issue went there with the positive, resolute support of a powerful candidate, and of a formidable array of delegates who knew precisely what they wanted.

It was organized under a name and had the strength of a personality.