New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-07-10
DRIFT OF POLITICAL DISCUSSION.
MR.. BOUTwELL'S IDLE coM.

There would be some excuse for thi, miaerI,
boarding Of gold there any reason 90 apprchend
sudden ana very great decline In the revenue reoepts
u the experience OF has demonstrated that no
suen reason exists There has Seen Increase in
exee6on .pee be Every year with perhaps single
UyTr i previous year was about thirteen mill
duties that yielded twenty to twenty i've mil,
lions. The receipts from internal sources
TO the rate taxation az to render easy 70 estimate
future receipts within very few millions The liability
great as the liability 20 a second deluge and It IL n.
more necessary ~ hold vast com reserve 10 provide
against the former contingency than II Is 20 build few
million OF arks provide against the latter Upon IN.
present scale of taxes we can count with almost absolute
year. s20OO0OO the next year. and 20 on We may s,fe
rely upon steady increase OF receipts upon a given
with hardly less precision than the rate OF mortality -
far therefore from there being the smallest niger OF
dehc there every reason to expect surplus creates
scale OF expenditure
There might also be wisdom in holding a hea
reserve II the Government were like bank of Issue NJ
nle 70 run But no such thing possible. g,,i-
There can he difficulty in providing for the redemp
ton Of outstanding bonds they fall due. by the neg
Impossible while specie payment are suspended. Then
no occasion, therefore, TO hold average reserve d
seventy-tve millions Of coin against panic
Finally, there would be some pr0prety, not n
holding, but in constantly Strengthening, the @ re.
ton Of specie payments. Mr. Boutwell, and Mr. Mt
have il il true, talked about resumption vagm nd
means that contamination ought in their julgren to
be reached But Congress has, for the past four ye
at least though resumption not to re attempted
for some years 10 come. Even the pre1 has almost
the restoration Of the specie standard either undesirs
bic mpracticabe. There not particle Of evidence
reference to resumption There Is no act authorized
expression of the party IN power going to show that ths
the Treasury not held against possible dehct nor
against credit panic, against the demands TIA.
reason and economy, are they held
NO REPUBLICANS NEED APPLY.
From the Richmond Enquirer.
Now. there is no use talking about running
any Republican on the Democratic TICKET IL . posi-
lively certain that the Democrats OF the North who arc
the only organization friendly to us at the North would
not rally on Republican, 10 matter VINO ne might TO.
victory in the election OF 1872 We require the enhust
asic support OF the whole party; The DemocfatS nave
them to adopt Republican ticket " utterly out OF he
were possiDeas 1t is MOTTO induce TIE leaders TO foi
low such policy in the National Convention. u
support to such ticket The election would go by de.
states We do not leave out Of view the fac that we
should secure some Republican votes but they would
must 90 into the fight undera good and approved eade
and we have very strong hope that the victory will IN
ours Inc signs are all ausplclOus. The Republican
party is divided and denOraz ed We shall be glad 10
receive recruits from their ranks and we expect 10 do
but they must be content with the concessions already
made in the "New Departure"
STILL 10TH TO DEPART.
From The MObik Rsgsbr
The biRding Obligation" yes, to this ex-
tent that nobody proposes to t1he ~ brush them
from the leaves Of the Constitution and therefore every
body proposes to acquesce in and submit TO them while
they stand the pages OF the Constitution But is not
this very different thing from accepting" and with
drawing opposition to them dead issues a. If tho
new departure" had said not going TO throw
away time and strength IN effort to get rid Of these
accomplished frauds" in This election, but
we are In position to wipe out the stain that they
upon the Constitution we shall make haste do IL, every
body would have understood IL. But a IL is the
departure" IL double blind, rather intend
ed to be-hrs TO the Radicals, who are 10 be made b
believe that Democracy accept that much OF their
platform; and, second, 10 the Democrats, whom 10
says, to be sure, adhere to the amendments
binding part OF the Constitution, but We f0Ong
those RAIDS, and Is get the power shall
wipe them out The result is attempt at dOubledeal
ing that does not deceive either party. IL lets go the
meat, and grasps the shadow on the water We must
confess, the cunning OF this either too deep too
trans parent for