THE TWO CANDIDATES. At the approaching Presidential Election the people are to choose between two candidates. By the operation of our electoral system, and the superadded dictation of National Conventions, the choice is practically limited to President Grant and Horace Greeley; so that no preference for another can be made effective. One of these must be taken. Preferring Horace Greeley, I have no hesitation in assigning the reasons which lead me to this conclusion. Believing the present incumbent unfit for the great office to which he aspires for a second time, and not doubting that a vote for him would be regarded as the sanction of abuses and pretensions unrepublican in character, I early saw the difficulty of taking any part for his reëlection. Long ago I declared, that, while recognizing party as an essential agency and convenience, I could not allow it to constrain my conscience against what seemed the requirements of public good. Regarding always substance rather than form, I have been indifferent to the name by which I might be called. Nor was I impressed by the way in which the candidate was urged. Supporters, while admitting his failure, and even the abuses and pretensions so notorious in his civil life, commended his reëlection as necessary to uphold the party with which I have been associated. But it is easy to see that a vote for such a candidate on such a reason was “to do evil that good might come,” which is forbidden in politics as in morals. Two courses seemed open. One was to abstain from voting,--and I confess that this was my first inclination. But it is not easy for me to be neutral,--certainly where wrong-doing is in question; nor is it my habit to shrink from responsibility. But the doubt that beset me was removed when I saw the Democratic Party adopt the candidate opposed to President Grant, being an original Republican already nominated by a Republican Convention, and at the same time accept the Republican platform on which he was nominated. An old party, which had long stood out against the Republican cause, now placed itself on a Republican platform, the best ever adopted, with a Republican candidate, who was the most devoted Republican ever nominated,--thus completely accepting the results of the war, and offering the hand of reconciliation. At once the character of the contest changed. This was no common event. Pardon me, if I say that to me it was of peculiar interest. For years I have sought to establish in the National Government the great principles of the Declaration of Independence, avowing always that when this was done nobody should surpass me in generosity towards former Rebels. Not only by the logic of my life, but by constant speeches, was I bound to welcome those who placed themselves on this glorious platform. The extent of this obligation will appear before I close. And now its performance harmonizes with opposition to the prolonged misrule of the present incumbent.