The Jasper weekly courier., 1876-08-18

Below will be found the full text OF the /
letters OF acceptance 10y GOV. Samuel j. /
Tilden, of New York, and GOV. Thomas A. /
Hendricks, of Indiana, OF the nominations /
made 10y the National Democratic Conven- /
tiou nj 81. Louis for the offices respectively /.
of President and Vice-President Of the 4
United States:
ALBANY, July 81. I
GENTLEMEN When l had the honor 10 re. I
cclve the personal delivery OF your letter on be. /
haif Of the Democratic National Convention held /
ON ne 2eth of June, at ~. Louis, advising me /
ol my nomination as the candidate OF the con 4
slit ency represented by that body for the Office
Of President OF the United Statos. I answered /
that AZ my earliest convenience, and IN conform.
~ with usage, would prepare and transmit 10 /
you formal acceptance. now avail myself Of I
the 6rst interval in unavoidable occupations 10 I
iultl that engagement.
NEEDED REFORM.
The convention before making it, nominations 4
adopted a declaration Oi principles which on 7
the whole seems 10 me to he a wise presentation /
Of theneccssites Of our country and OF the re
FERNS needed To bring back the Government 10 !
its true functions; 90 restore purity of admins
uauon, aud to renew the prosperity Of the peO- I
pie. But some Of these reforms are SO urgent
thaI they claim more than passing approval. /
The necessity of "a reform In the scale Of public
expenses. Federal. state and municipal, and ia I
the modes oi Federal taxation, 1ustihes all the /
prominence gwen 20 Il in the declaration of the
II. Louis Convention. The present depression
in an the business and industries Of the pcO
pie, which is deprivng labor of its employ
mcui aud carrying want into "a many homes,
Nq- ~ PRINCIPAL cause In excessive govern
mental consumption, consumption under
illusions of au@piclous prosperity engendered
by tine false policies Of the Federal Government.
4 waste of capital has been going on ever since
the peace ~ Isl which could only end Ia unlyer-
-ll disaster The Federal taxes of the last
eleven years rrach the gigantic sum 81 ~ ,JO.-
10000, local taxation mas amounted % two
thirds a. much more. This vast aggregate Is not
lees than 500 90. CO., This enormous "a xatiOn
followed civil conflict that had greatly impaired
uf a. M had ma lie a Ef
reduction ui expenses Indispensable. 10 was
aggravated 10y the most unscicnthc and i'll
adjusted methods 81 taxation that increased the
sacf hces oi the people FAR beyond the receipts Of
the Treasury. II was aggravated more yer by a
financial policy which tended TO diminish ine
energy, rkill and economy Of production, and
the iTugality 81 private consumption, and in
uuccn mi-gairulatons ia business and the
unrrmuncrauVe use OF capital and la
nor. Even Ia prosperous times the daily wants
OF industrious communities press closely upon
their daily earnings. The margin, II possible,
OF national savings is az the best small percen
ta-e ol the national earnings. Yet. now, for
these ecvt n years the governmental cOnsump-
unn has been larger portion of the national
earnings than tine whole people can possibly
save, even IN prosperous times, for all new in
ves1meuis. The consequences OF these errors
are u0R a prcs ing public calamity. but they
were never doubtful, nevei invisible. Incy
were necessa ami inevitable and were fore
seen and depicted when the waves of that lcti-
uOus prosperity ran the highest In a speech
made hy me on the 2ith Of September, ls5s, %
upon every mans income, upon every industry
and ever business IA the country and year by
year hey are destined To Tess still more heavily
uncts We arrest the system that gives rice To
them. IL was comparatively easy wnen the val
ut- were doubling under the repeated issues Of
legal tender paper money To pay out OF the
growth of our growing and apparent wealth
ghese taxes. but when values recedo and sink
toward their natural scale the tax gatherer takes
from us not only our income not only our profits,
but sI1p portion Of our capital
DO not wish 10 eXaggerate er alarm I simply
say that we can not afford the costly and ruinOus
policy oi tic Radical majority Of Congress; We
can not anJrd their policy toward the south, we
can not afford the magnificent and oppressive
centrallsm into which our Government ~ being
converted; We can not afford the present mag
nhoeni scale oi taxation. TO the secretary of
The Treasury said early in l>6). There j. no
royal road for a Government more than for an
individual ora corporation. What you WANT 10
10 now b. 20 cut down your expenses and live
within your income" would give all the leger-
demain Of finance and hnanciering, would give
the whole Of it Tor the old hOmely maxim,
"LNT WITHIN YOUR INCOME"
THE reform will be resisted at every step,
We see today he I'm immediate is''tDgSrs. repre-
-cutativcs Of the people IN one branch Of Con
grcse, while struggi ny To reduce expenditures,
compelled to confront the menace OF the senate
and the Executive. that unless the Objectionable
appropriations be consented TO the operations of
,ne Government hereunder shall suffer detri-
ment or cease. In ms Judgment an amendment
~ the Constitution ought 10 be adopted separ-
auns into distinct bills appropriations for
the various departments of public serv-
ice. and excluding from each hi all appro
priattOns for other objects and all independent
iegisl ton. In that way alone can every power
OF each OF the two Houses and Of the Executive
be preserved ana exempted from the moral duress
which oflen compels ascent % Objectionable APP
propriations rather than 10 stop the wheels of
Government. An accessory cause enhancing
distress IN business is to be found in the Eye
tematic and insupportable Government
imposed on the states Il the south. BESIDES the
of nj
mnistratiOn, 10 has Inflicted upon them enOr-
nous issues of fraudulent bonds, the tcanty
ayails of which we've either wasted or
stolen, and the existence Of which is public dis
credit, tending 10 bankruptcy or repudiatiOn.
IaAee, generally oppressive, IN some instances
nave connscati the entire income OF property,
and totally destroyed it, marketable value. tits
impossible that these evil. should not react upon
the prosperity OF the whole country. The noUicr
motives oi humanity concur with the material IN
terests OF all, IN requiring that every obstacle be
removed tOa complete and durable reconciliation
betweon kindred population once unnaiurally
SrAns9s on The oui. oas's sla,,oT% TgSoEH'hea ea
The basis 81 the Constitution Of the Uni Ell
states with its amendments, universally acceD-
Ted as final settlement OF the controversies
which ongendored civil war. But In aid Of
rosnlt 20 hencficont. the moral Influence OF every
good citizen, as wcil ~ every Governmental
autsoritr ought to be exertcd, not alone 60 nam
tain tner just equality before the law, but like
vice To establish cordial fraternity and good
Will among citzens whatever the race or color,
VINO are now united IN the one destiny OF com
mon self government. II the duty shall be as
signed Co me- shall not fail to exercise the pow.
ere with which the laws and the Constitution OF
our country clothc its Chief Magistrate 60 pro.
ter; al its citizens wnatever their former condi-
uon, In every political and personal right.
RESUMPTION oF SPECIE PAYMENTS.
Reform is necessary" declares the st. Louis
Convention, "to establish n sound currency, re.
store the public credit and maintain the national
honOr," and u goes on 10 demand isdicious
system Of preparation by public economy, 10y
omcial Entertainments, and by wise finance,
which shall enable the nation soon to assure the
whole world Of its perfect ability and its readi.
In ~ ffa at of