Wilmington daily commercial., 1875-09-16
senator sayard's Maine letter.

MORE ABUSE or THE REPUBLICAN, PARTY THAN
PLAIN TALK ON FINANCE--AN UNDi1SiFIED Doc
uNsEr.
The following is part Of Il letter written by
Senator Bayard to Hon. Marceus Emery, a
prominent Maine Democrat, stating his inability
to take part in the Maine canvass =
WILMINGTON, Del. Sept T. 1875.
Although You are engaged in CANVASS to fill
State Offices only, recognize fully how issues Of
IL national character must. .enter into your dis
Clasions.
The crying need OF wise and judcious man
agement OF our finances, and the restoration OF
stable currency which shall be the standard of
value in tho dealings of our people, and be OF
intrinsic value in itself. ii almost universally ad-
mtled, and 1t would seem impossible that any
honest, earnest and intelligent advocate of a
sound currencv on the basis of gold and silver
coiu, shall be now willing to rely longer on the
empty promises of political party which has
reelected and sustained Grant and bis admins
traton and who, at the end of seven years of
uncontrolled power and ample opportunity find
the country in more embarrassed condition in
every respect than it was in March 4. 1869.
The credit of the country and the business in
terest5 OF the poopo arc in my opinion exceed
y unsafe in the hands of all administration,
which amid loud trumpeiugs of regard for the
public honor havo never taken ono resolute step
for its protection; but on the contrary, Uithoa
ipTTTuIu OF tIr, anu against law, rD-lbbugu, III
1873, S2s, 900, 000 of Illegal tender" treasury
notee, which under id,o and wise policy look
ing to a return to specie payment had been re-
turned and cancelled by tho preceding admin
istration.
The bgoted and short.sighted folly OF Mr.
Boutwell, administration of the Treasury Depart
ment lost golden opportunities for resumption,
afforded by an oyer-lowing treasury and active
business operations all over the country and
threw away II fair chance of spcce payment in
1872
The insnbordinate and revolutionary action o4
the same party, led on by Attorney General lIoar,
resulted tho overthrow Of its first deliberately
adverse decision to tho legality Of legal tender
in paper by the Supreme Court of the United
states, at time when the public was preparing
90 accommodate its transactions to the just and
beniiicent results of such decision.
Still lator, witness tho utterly false, unworthy
and fraudulent measure, the fruit of Il caucus of
tricky politicians, passed last winter into law
under the title of ian act to resume speSe pay
inents in 1879" over which Morton, the rampant
intlatonist, and Sherman, the pseudo contrac.
zionist, ,schuckled ana winkcd unbluslIASly in
open Senate.
Must not all this convince any ono, not dis
posed to self deception that return to specie
payment and sound system of finance under
the rule OF party led by Butler Morton, Kelly,
Logan and Sherman will be "aL kuiGildds
GrtOns and not sooner? II would seem in
credible that a party with such o record and a
history should have the efIrontery to present
themselves Co tho hmeficnn people No tho ohena
pions OF sound iiuance and honest money.
We also nov witness sadly all over the coun-
try paralysis of commerce, manufactures and
Mi branches of industry, which in my belief is in
great measure caused by the unwise, unjust
aud destructive policy pursued towards the
Southern States OF tho Union by President
Grant and his associates, under whose influence
the political control OF many of those States has
been handed over to class of proaigate adven-
turers whose many wrong doings have never
been rebuked; but who, on tho contrary have
had the aid and couutenance OF the President
and his party, even to the extent of revolution
ary and lawless usurpation, civil and military
The forcibie overthrow Of tho Legislature OF
Louisiana by Sheridan's dragoons having been
substantially approved by Senate resolution.