New-York tribune., 1874-10-27

on the Coming Sd dsy Of November Before enter upon
the history Of party action upon this subject wish TO
q sef
the highest regard Never before have those enxageo
played part important in promoting the civilization
and prosperity of great country In aii tnese csc
purpose II has destroyed our sSipplns. embarrassed
and unjust systems OF taxation. More than this. on the
very day when they have wrought out sucn srsna TO-
that the great merchants and business men who are
thus welding moro than ordinary governments powe.
and punder We have the confession that for years
they have been the terror victims OF
the events Of the last few years the truth OF
assertions. You know the truth petter tnan 20
S,S %aSS sr
great underlying cause shall dg9i upon II Ior tno
N my sI%.
who have suffered from these outrages are @ ~ onr
country had been true to themselves. II they had
faithfully performed their duties as electors tne evs
have no Existence they had felt that the violation Of
the rights Of others was wrong tna tney %ere be
the victims of like results and outrages ~ iaot
oil men should bear in mind for future gnioahGe uns
men were trained habits Of puDder and awessness
in other portions OF our country or 10 otnei
for their enterprise State. II when these mon
were pundering the helpless South our business mem
instead OF being consentng witnesses naa Douy sse
tbev never would have been Hunted down by the same
packs that harassed and robbed tne S th
and who turned its exhausted fields 10 seek III the
cities Of the North richer spos and more
t us look at the financial condition Of our country
and far the neglect OF political duty has caused
the dlstrust and embarrassment which now para!yzes
perity where the honor Of our Government Is not
sacredly guarded. Tho credit OF our country Is nov
some nat shaken II 1t should be overthrown we sna
be overwhelmed with disgrace and disaster Would tnis
peril overhang us II ut all times our cszeps nau
ment toward repudaonf Some years ago the interest
OF the Indebtedness Of this State became due nad DOT
used to make those cnsnneis of commerce which
have given us SO much OF our weaian anu nnapated
messages to its Legislature ,mporng 1t to pay tns
interest not In Q debssod currency put 10 money
good as that had received from the lender poteu
out not only the dshonor the damage to the credit
Of the State and nation II this was not Done LUIS
tns Tss Sd Of the State
TO its honor urged upon them t9e % ~. h
morals; that failure do this would iu the end react
ruiDOusly upon themselves No response was naae "
credit OF the State and nation received this shameful
blow That has COST the people OF this country more
OF New,York with all It's wealth and population cannot
borrow upon the same terms which are yeaaea 80
smaller States which kept their credit untanled ~
the time we suffered ours to be disn0noreo'
THE FINANCIAL ISSUE INVOLVED.
implore the business men OF this State IN view OF
the instances which have cited OF the evil effect OF
their neglect political duty in the past that they will
give me patient hearing while shall show from the
records which of the candidates are entitled to their
surages in view of the positions which they have held
and now hold upon the great financial issue involved IN
this election We have what frghtful evils fall
upon those who allow their party prejudices to blind
teir eyes to the wrong dongs Of their political friends
forward to Initiate the eHrfsncy, and
and increase the evils Of an huctuatlng stand
veto the President there feeling OF relief In al
business crees but this very relief which was given
by the Presidential veto tells you how uncertain had
been the financial policy of the Administration during
the eight which have elapsed since the close OF the
war. In all that long period we have had wild ex-
speculation, uncertainties in business uansao
tions frauds corruptions deiaca,ions becapse this
has only now reached the conclusion that debased
currency is species Of repudiation OF the public faith
Ii has only learned the truth, which was uttered to
Inc by an uDtutored Indian ten years ago, when he
complained tna our State Was cheating his people by
paying with debased currency the annuity that was
due to them for the lands we had bought. asked him,
as Land bill before him, II that was not dollar His
eyes flashed he Indignantly answered.: 1t says II Is
O dollar. but 1t Is lie IL is only half dollar 1t has
taken this Administration ten years TO learn this simple
and 1t oamOrousy demands your support aud charges
that the al ne Of & credit sn s
debasement OF our currency Before you carried
S hSe at e o b
den and his political associates upon this subject
The first duty OF the IN power at the close or the
war was that OF restoring sound money and upholdng
the national faith. Lacking the courage TO do s whole
credit and bad currency" 1t proposed be honorable
in its dealings with the bondhoders and dshonorable in
sioner and the business For years olung this
fatal system, runons 70 industry and morals and at
odous that gave birth to what was known an the
back theory. This heresy the legitimate and newt
existence If they had adopted the policy Of Mr. Tlden
and his friends III this State, which demanded good faith
alike for the bholder well as the bondholder; which
held that there could good national credit without
a good national currency: The question now certain
years since. II did not divide parties, but 1t made
difference Of opinion among members OF each party
Rennbiican party other OF Its prominent
men held that they we're payable III currency Some OF
the other hand members of both parties resented this
conclusion The highest moral ground taken by any Re-
ppaid in specie; but no seDtinent expressed,
proposition urged In favor OF lifting our currency
to level MIN 70 eas TSey e tbs whoe
of Of the community 10 suer under the evils OF
favor Of paying these bonds In to charge that
there was unjust dscr minatlon made against the
hv The Democratic party this ate, under the lead of
Mr. Tlden and his assocatesf To show how clearly
how boldly, and how Complementary they dealt with
this question not only against the position Of the Re-
publican party but against their own political friends
ian,maee held In the State Democratic Conventions
from the close Of the war down to this tme EXTRACTS
AT this time the business OF country Is depressed
commerce is paray zed. and labor suffers. By common
this state OF affairs Is due 10 our vicious imam
cal system and debased currency. II the Adminisra
ton eight years ago. at the close OF the war had Needed
the words and warnings OF Mr. Tden, would this deep
distress be now felt In land This Intelligent audi
ence knows that should be in the enjoyment Of
unrvaled prosperity II the men ~ power had done their
duty Since close Of civil war the two leading
powers of Europe have been involved In fierce, ggan-
TIC struggle In Germany and In France the people
are wronged and oppressed by deoased currency
THE COUNTRY SINKING INTO COMMERCIAL DISTRESS.
Our affairs have been so mismanaged that, although
our resources are vast and varied although the best
wealth Of Earope In the form OF intelligent labor has
been poured country, we are now sinking from
prosperity into commercial distress Labor Is afflicted
There is gloom and anxiety IN the homes OF our
mechanics In the face Of these results we are camor