, 1876-08-06

MK- THQEN'S LETTER or ACCEPTANCE
The long-delayed letter of T11pEs accept
ing the nomination rendered him in Jun
last, published in The TRIBUNE yesterday. i
long,-it is verbose. At times it professe,
candor and assumes to be explicit, but der
terously avoids all defniteness, beyond 8
general declaration of favoring resumption
OF specie payments. Nine hundred and
n1nety-nine men out of thousand, if asked.
after reading the letter, t What does he
say I" will answer, 81 He favors RESUMPTION
of specie payments" But when, how, or bv
what plan or means, not one of them can
understand because he fails to explain.
Examined closely and critically, the letter
gives no stronger or clearer Interpretation of
Ill. IADES's views and purposes than does
the st. Louis platform, and this purposely
vague, obscure, and meaningless.
Repeating the general defamation Of the
St Louis Convention concerning what ba
styles the gigantic taxation since 1865: the
oppressive weight of taxation on income
the reduction of expenditures, and the labor
disturbances at the South, he reaches the
great question of the currency and specie
payments. He declares that "The object de-.
manded by the CDemocratic] Convention is a
resumption OF specie payments on the lega.
tender notes of the United States" He eavera
that 1.-The methods by which this object is to
oe pursued and the means by which it is to be
attained are disclosed by what the Conyen.
ton demanded for the future" But we fail to
ma IN the letter or the resolutions any such
disclosure OF method or means. He claims
that, tohtn the United States Government |
shall begin to redeem its notes in gold
then the banks will be able to redeem
theirs IN gold. He states the ayeraoa ev.
port OF specie to be $4,000. GOO a wear.
nearly all the product Of our mines, and he
shlnks that sufficient quantity of this can
'e intercepted from the current flowing mt /
II the country, and by acquiring from other
:oontr1es' for specie payments, and that
MS Is result to be easily worked ont bv
'ractca knowledge. But he fails to ar.
'laln how or by what means the work ;s n
e done.
he says at one point that the ereenbacks
aay be funded; but he significantly remarks
nat II the option Of funding be given to the | .
uohc the greenbacks would be immediately
osorbed IN the bonded securities; but die.
'Eerang that funding would lead to contrac.
on he pronounces it dangerous, and be a
fuses to admit that there can be anv safa :,
mt to the amount Of currency. y
1t IS true that he declares that "pnh,;c
'onomles, official retrencbments, and wisa r.
lance are tho means indicated as provision II
resources and redemption; but be fails ..
tell the country what is .'wise finance y >,
declares that when the Government r. .,
mes, the banks, being able to get gold from IL
Treasury, will resume; bat this rolls the y,
lole burden upon the Government r. rro ~ ~
'e all the gold needed by the importers ~ -,
banks and the country, to resume Under a.
IS system it will be incumbent upon tho ~
vernment to provide an annual supnlv of ~ ~
ID to pay duties, $l40, ,oo0. GOO; for cx. r.,
r, S'o,ooo,0oo; for domestic use, s5c.- "a,
''ooo; or total of $3.50, ,ooo, 900 in eo1d co
'uany: Ar: TuDES omits any explanation | St.
to how: when, Or where the Government ~, 49,
o get this gold. Having paid ont gold for e,7i
greenbacks. Mr. TunES writes vaguely ali
II they were to be reissued; but again bn
to explain for what purpoaa.t thep ne ~. ~, ~