The daily gazette., 1876-08-05
From the N. Y. Sun.
CT GOV, u. : IiI6EN'S ! ID: LETTER,

1
statesman like, most suggestive, and
most satisfactory political document
that has been laid before the public
within long period of time. 1t dis,
plays breadth of mind, keeness of per
ception, and fl ness of knowledge in
the discussions of the great political
questions Of present public interest. l,
is agreeable, in these times. to peruse
paper of such a character from a
public man. Hayes's small, narrow,
end commonplace letter was marked
contrast to it in every respect.
Gov. Tilden's letter is as bold as it is
perspicacious. He shirks none of the
issues of the day. He indulges in no
evasions, tricks of lang dage, or preten-
ces of any kind. His friends will be
strengthened by the study of it, and
his assa''c,t3 W, f'od - it no point
which they can shake.
Gov. Tilden accepts, strengthens,
and illustrates the various importc 1t
articles of the st. Louis platform on
which he stands; and 10 the more i'm.
portant of them he gives force and
defniteness which are made all the
more striking by his elucidation of the
ways in which they can be practically
applied in the conduct of the Govern-
ment.
He first touches upon the question of
retrenchment and reform in the admin
istration, showing the evils of the ex. /.
travagauce and wastefulness that have
made necessary the enormous taxation
by which the country is depressed, and
pointing to the struggle in the House
10 reduce expenditures under the
menaces of the Senate and the Execu-
tive. He would deal practically with
this matter also, and proposes an
mendmendment to the Constitution by
which the evils of the existing sytem
may be remedied.
He next adverts to the Southern
question in words of wisdom and sound
sense. He would seek to establish
cordial fraternity among men of every
race, now united in one destiny; and
he promises, as Chief Magistrate to
exercise the powers conferred by the
laws and Constitution, to project all
citizens, whatever their former condi-
tion, in every political and personal
right.
Then comes the chief feature of his
message-an elaborate discussion of
the financial question in it's various as.
poets. 1t is not only comprehensive
and lucid, but bristles with practical
suggestions for the establishment of
practicable financial reforms, He
holds that resumption is not difficult,
shows the methods and means of re.
sumption, indicates the time for re-
sumtion, and points out the prepara-
tions that ought to be made for re
sumption. "rhe proper time for re
sumption" he says, "Is the time when
wise preparations shall have ripened
into perfect ability to accomplish the
object with certainty and ease that
will inspire confidence and encourage
the reviving of business. The earliest
time in which such a result can be
brought about is the best" A vague
idea of of distress Is often associated
with the process of resumption, but
Governor Tilden shows by few word
that is unfounded. The Government
is the sole delinxuent, and has only to
make good its own promises, when
the banks can take care of themselves
without distressing anybody. He
does not thrnk it work of difficulty
for the Government to make the coin
now in the Treasury available for the
objects of reserve, to gradually
strengthen and enlarge that reserve,
and to provide for such other except
ional demands for coin as may arise.
The best resource. as provision for re-.
serves and redemption, is reduction
of the expenses of the Government be
low its income; for that imposes no
new charge on the people. The speci
fic measures and the actual date of re
sumptivc legislation are matters of de
tail, having reference to ever changing
conditions, and belong to the domain
of practicrl administration statesman
ship. The fixing of definite date for
resumption, without preparations for
it is sham; and the Governor is evi
IDENTIFY in perfect accord with the re
port that was yesterday agreed to by
the House Committee on Banking and
Currency in favor of the repeal Of the
resumption day clause in the act of
1875. No practical p.ogress toward
actual resumption has been made, but
but there have rather been steps back
ward. Having gone over this ground
thoroughly, Mr.. Tilden closes the sub
ject by saying:
"1nere is no necromancy in the opera
tions of government. The homely max
inns of every day fe are the best STAN
dards of its conduct. A debtor who
should promise to pay loan out of sur
plus income, yet be seen every day spen-
ding all he could lay his hands on in RIO
tous living. would lose all character for
honesty and veracity. His offer of new
pror Sc, or his profession as to the value
of the cid promise, would alike provoke
derision.
Mr.. Tilden makes some excellent OBJ
servations on the means of relief to exist
ing business distress. He desires that
the subject shall be practically dealt
with. The public mind will no longer
accept shapas. 1t has suffered enough
from illusions.