The New York herald., 1874-10-27

w" WIZ grow unti tney brlhg Us 70 nnanciai rum.
while there danger that the paper bubble to ss
q debt nankinS and ruin the public
taEsn up an With schemes 70 astsn
ns np SpSS 1s .
keep Il; faith with the holders the national oonds
H.. pns Sa,Sa vi" Sse
swn .n, sas ss to needle with the home concerns Of dis
= Seven years ago this language was held at the
Democratic Convention -
r s asrs s :
uU en 2; bs s0SS q
Es lss. .sns... out ". q p:
ana Sg u to
order danger A' y A'ep ouf country IN u''-
Again. this
LANGUAGE WAS HELD BY Mr.. rrIpxN
and bis friends six years slnce:-
AMI scns, ss:r % S 81 public
ss g s. ssss ~ esssSsssss
sn Unsst ssSs :sa S.:
q S value Ss an an Or 1du.r %oa
sA;fsas s.ss III srl S..e S
policy winch shSas Ss sncs n
At this time the business OF our country "a de.
pressed, commerce Is paralyzed, and labor suffers
BY common consent this state Of AFFAIRS is due to
VICIOUS FINANCIAL SYSTEM
and de6ased currency. II the administration
needed the words and warnings OF Mr.. Tiiden,
would TINS deep distress be now felt In our isndi
now be in the enjoyment Of unrivaiied prosperity
II the mcn IN power had done their duty. Since
d
struggle. Yet In Germany and 10 France tho
people are not wr0nged aud oppressed BY de-
based currency Our Affairs have been so mis-
managed that. although our resources are 30 vast
and varied. although the best wealth OF Europe
IN the form OF intelligent labor has been poured
into our country, we are now sinking from pros
perity into commercial distress. LABOR Is am cted.
qh ana * n .ae homes o.
Orousiy told that change OF rulers and return to
the economy, simplicity and honesty which once
marked tile administration OF our affairs will be
hurtiuI TO our credit at home ana abroadl WHAT
measures are proposed by the administration for
state o. afYairsS what Is SAID or done to encour.
age our workmen or to give confidence to our
ture policy Of the men in power is that sned BY
their actions in the past. Is there any assurance
OF returning prosperity In thats Can we be lifted
THE GLooM OF OUR SITUATION
by travelling downward path II is said the
gained oy those who are In favor Of debastng our
currency This Is an unIalr statement. Blu! II II
those 10 New York who have boldly demanded an
honest currency, and have stood up against
ass yea sss ss~a ss sals: ss mas;
resoute, the most persistent and the most
able advocate OF sound currency. Il you
take for truth the statements OF the admtntstra-
ton press. then the record Of this fairs
election viii read in the eyes Of the world to the
and the friends tOf an honest currency are cut
down in New York. Is this the way to uphold the
o deadly blow at the policy which seeks to place
the industry and commerce OF our people upon the
a. Wpe m n
the homes OF our laborers and success to the en-
terprlses OF cur capitalistss Bear In mind that
wRONGED DIRECTLY BY FLUCTUATING CURRENCY,
but more and worse than that that 1t engenderS
q corruption IN administration, waste Of wealth.
pronlgacy 10 power winch, In the Iorm OF per-
vading taxation, robs labor Of its profits and car
rles ana into sae ams Gis
Mr.. Tiden In 1868 predicted the present state Of
things. II, said or taxes:-They bear heavily
upon every mans income upon every industry
and every business in the country. and year BY
year they are destined to press still more heavily
them. 1t was comparatively easy when values
were doubling under repeated Issues OF legal ten
growing g'a and apparent w Wealth these taxes but
when values recede and sink toward their ma
tnral scale the taxgaInerer taxes axes, from pm US noe
portion Of our capital We must arrest this sys-
tenn, or all that has made this country great and
glorious, and that has distinguished 1t from
the empires or the Old World in tho
benencent operation Of our political and
people aud upon the industrious millions.
Will nave disappeared and we sh All remain in tho
tale.n (Applause) Those who assail Mr.. Tlden
and his friends not only shut their eyes to the
thus SS ns
TEN under winch these evils nave grown upf Who
inflated the currency until. BY their confessions,
creased its volume2 When the Supreme Court OF
the United states gave the righteous judgment
passage OF the Legal Tender act, whereby he agreed
to pay IN gold and silver, could not avail himself
debased Currency upon sne
decisions which would have gone far to bring US
bacE to sound l. hasis M !. Nay, more who were ths
initiate our currency to the amount OF more than
lorty millions OF dolarsf Is 1t . fair thing tor
THE ELECTION OF MR.. TrLDEN.
with his record, VIII tend to imitation Of our cur
series series Of years in behalf OF industry and com
merce, we have urged sound financial
poicy. Our efforts have been bafhed oy the ap-
peals OF our opponents to passion and prejudice
thus turning away the public mind from !
consideration Of the great aud vital question. Our
to carry out their enterprises with success-a
currency whcn is on par with that or other
and reliable work and good pay. They can have
mel her while the standards OF value shift from
DAY to day, and they are paid for their toll with
dollars winch are not dollars. Upon The financial
point the democratic party OF New York gives
nouce to Its political friends In other States, and
first demanded good currency, IL will to the last
Insist upon that demand. Its purposes are crys.
taliZed into the form set forth by Its State Con-
vention when It insists upon .return to specie
payments and no step backwards"
Nomin alton OF 8. b. Chittcnden for
Congress.
The Third Congressional District Democratic
Convention was held yesterday forenoon at the
headquarters, corner OF Remsen and Court streets,
Brooklyn. James B. Craig called the Convention
to order ana Lyman ElmOre was chosen chairman.
General Slocuih In brief speech nominated s. b.
Chlttenden for Congress. The nomination was
made by acclamatiOn. The nominee, by letter, &C.
cepted the honor conferred, and pledged himself
to faithfully represent the interests OF the entire
district.
A Change I'm tho Republican County
Nominations for District Attorney,
County Treasurer and Charity Conn
missioner.