The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-08-09
'TILDEN & HENDRICKS.
THEIR TWO LETTERS.
The TRUE RING OF REFORM.
PERFECT HARMONY ON FL
NANCE.
A Searching Review Of the Evils
of Republican Mis-ule.
GOVERNOR TILDEN's LETTER.

GOVERNOR TILDEN'S LETTER.
A LUCID EXPOSITION OF THE TRUTHS OF
FINANCE-rHE TRUE PATH To REsUMP
TION-FALsE STEPS To BE RETRACED-
THE NECESSITY FOR REFORM.
The following is Tilden's letter Of accept
ance:
GENrLEMEN:W When had the honor TO receive
the personal delivery OF your letter on behalfof
the Democratic National Convention, held on
the 2sth of June at st. Louis, advising me Of
my nomination as the candidate of a constit-
uency represented by hat body for the Office
OF president, / answered that at my earliest
convenience and IN conIornitS win ussage, SAGE
acceptance L avail myself now of the first
interval in unavoidable occupations TO fulnll
fore making its nominations, adopted
dec 'aratiOn Of principles which, as whole,
seems to me a wise position OF the necessil les
of our country, and of the reforms needed To
bring back the government to Its true fuDc-
tions, TO restore purity of administration, and
TO renew the prosperity of the people; but
some OF these reforms are so urgent that hey
claim more than paSsiT approval. The ne
ces.ity Of a reform in the scae OF public ex-
pense, federal, state aud municipal, and in
modes OF federal taxation iuS1nes All the
prominence given to tt in the declaration Of the
~. Louis convent lp. Inc pres nj de preston
which rs deprivi1g labor of its EN- plOS ment
and carry ing want into so many homes has
its principal eau In excessive governmental
prosperity, eng ndered by the false policies o.
the federal government A waste OF capltal
has been going on ever since the Deace Of 1859,
which could only end in universal disaster.
The federal taxes OF the last eleven years
reach the gigantic sum OF s45H OOO,OOl. Local
taxation has amO mOunted TO two birds as much
more. The vast aggregate is not less Than
S75",tO,OO,. This enormous tax followed
civil conflict that had greatly impaired an
aggregate wealth and made q reduction of
expenses Indispensable. 1t was aggravated by
MOST UNsCIENTIFIC AND ILL-ADJUsTBD
METHODS
of taxation that increased the sacrifices OF the
people far eyond the receipts OF the treasury
1t was aggravated, moreover, by a financial
policy which tended to diminish the energy,
skill and economy of fprOduetion and frugality
OF private consumption, and induced miscal-
culation In business and unremunerative use
of capital and labor. Even IN prosperous
times, the daily wants Of industrious commu-
mites press closely on their daily earnings.
The margin of poss ible national savings is at
best a small per cent of the national earnings,
yet nov for these eleven years the go Sern-
mental consumption has been larger
portion Of the national earnings than
prosperous times for all new Investments
The consequences of these errors are now a
present public calamity. bat they were never
sary and inevitable, and We're foreseen and
depicted when the waves OF that fictitious
prosperity ran ran highest n1 speech pee made 1y
OF these taxes, they bear heavily upon every
mans income, upon every industry and every
they are destined 10 press still more
heavily, unless we arrest the system
that gives rise to them. 1t wa comparatively
pested ssues of legal-tender paper money, to
pay out OF the gro wth of our growir g and ap-
parent wealth these taxes, but when values
fhQfr q
the tax-gatherer taxes from us not only our
incpne, not only our profits, but also Dor
gerate or slaTm. 1 simply say that we can not
afford the costly and ruinous policy Of the
Radical majority OF Congress. We can not az
not afford the magnificent and oppressive
centrallsm into which cur govern ment Is be
ing converted. We can not afford the present
mRnifcent scale of taxation To the serre-
tarT of the treasury 1 said earlv in 1855:
There ia no royal road or a government more
What you want to do now is to cat down
your expenses and 1--we within your income.
1 would give all the legerdemain of finance
and inanciering. would give the whole of 1t,
for the old, homely maxim,
LIVE WITHIN YOUR INCOME.
Thii reform will be resisted a. every step, but
IL nzlst be pressed persistently. We see to-
day the immediate repre- sentatives of the
people in one branch of Congress, while strug-
glIng to reduce Expenditures, compelled to con-
front the menace of the Senate and executive
that unless Objectionable appropriations be
coniented to, the operations OF the govern
meIt Hereunder shall suffer detention OF
ceas. In my judgment an amendment OF
the constitution ought to be raised, sep
aradng into distinct bills the appro-
pria.iOns for the various departments OF pub
lie service, and excluding from each bill all
appropriations for other objects aud all inde-
pendent legis alton. In that way alone caa
every power OF each of the two Houses and the
executive be preserved and exempted from
the moral duress which ofien compels assent
10 Objectionable appropriations rather than to
stopthe wheels of the govern pent. An
cesseIy cause enhancing dis TeSs In business is
TO b, found in the systematic and insuppOrt-
able government imposed on the states
OF tae south. Besides toe ordinary en- ct
tration IL has inflicted upon them
enormous issues of fraudutent binds,
the Eanty avails of which were wasted or
stolel, and the existence OF which is public
discedit, tending to bankruptcy or q repudi
-<ttou OF taxes generally. The expressions in
some instances have con ascated entire the
inc me OF property and totally destroyed its
marketable value. IL is impossible that these
evilsshould not react pou the prosperity of
the whole country. he nooler natures Of
huminity concur with the material interests
OF sllin requiring that every obstacle be re-
movtd 70 complste and dura-
Bile reconciliation between kindred
population once unnaturaIly estraDged.
The iasis recognized by the 81. Louis platform m
OF the constii utiou II tie United s. ates, with
its amendments, Is universally accepted as a
final settlement Of the controversies which
epgerdered the civil war. But in aid OF a re-
suit % benefcent. the moral influence OF every
good ciuzen, as well as every governmental
mainiain their Just equality before the Ia ",
but likewise to estsb ism
CoIDIAL, FRATERNITY AND GOOD WILL
among citizens, whatever their race or color,
who ire now united in the one destiny of a
common self-government. II the duty should