New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-08-20

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is that the act puts off resumption, and
but for it We could have specie payments
at once. OF course . party talking thus
boldly must have come measure or remedy
to propose by which tho government can
ut once redeem the greenbacks in coin &C.
cording to promise. But the next resolu-
ton shows that it is only Snug, the joiner,
vesls the silly hypocrisy Of eli that is
said by declaring that specie psymens can
be brought about only by proper ec0no-
mics, wise finance and official retrench-
mept; or, inlother w0r de, that nothing can
be done, and the whole subject should be
dropped. The fact 10 the first two resolu-
tions are intended for the East and to show
specie paymente at once, and the third reso-
ton for the West, and to show that the
Democracy do not intend to have specie
payments at all. This part of the platform
has q wonderfully familiar look and leaves
the impression that it may have been pre-
pared by one Of the candidates ON tho
ticket The position of the Democracy
moral and intellectual condition through
ont. We find an inter want of convictions
and total absence of measures, politics. or
anything wearing the semblance Of patriot
ism, and we find only cunning vasoillation
and hypocrisy. They are for and against
specie payments, for and against green.
backs, for and against banke, for and
against initiation. just as the varying pros
poets of the hour indicate the gain or loss
of votes. The vane upon the chnch steeple
does not point the direction of the wind
with moro industry than do the Democracy
turn their battered and defOrmed face TO-
the popular bree re.
THE LETTERS.
The letter of Governor Tilden treats.
chiefly of the finances, and can not be
read by any impartial mind without the
conviction that it was intended 10 satisfy
men whose ideas are exactly opposite TO-
each other. He struggles through half an
hours tedious reading to arraign the Re-
publican party for not having forced
specie payments long ego, and then argues
ton is q hindrance to resumption. snd
should be repealed. But when he comes to
tell how resumption can be brought about,
and what the Democratic party would do
if it were in power. he has nothing better
to offer than the following miserable plati-
tudee:
The proper time for resumption 10 the tine when
wise preparations shall have Iipened into per
feet ability to accomplish the object with . Ger
tain and ease that will inspire confidence, and
time in which such result can be brought about
il the best Even when the preparations shall have
D0e0 m8CufoQ, tn0 exact 08Co would nave TO be
chosen with reference to the then existing sfate
Of trade and credit operations in our own country
the course of eign commerce. and the condition
Of the exchanges with other nAllOns. The specific
measures and the actual date are matters Of de.
tail having reference to everchanging conditions.
tive states anship.
Who can read this without knowing that
it is . disgraceful jaggle of words, string.
ing together of sentences intended to make
an impression and yet conveying no idea
whatever. 1t suggests NO measure, points
out no remedy, and lAbors by mere volubili-
ty to cover up the utter inoapaoity OF the
author.
HENDRICKS ON SPECIE PAYMENTS.
Governor Hendricks in his letter, after
talking in a general way in favor of specie
payments, and urging the repeal of the re-
sumption act, the only measure which has
been enacted for that purpose, then escapes
from the whole subject in the following cut
fetish sentence, which was intended to
create an obscurity, and practically means
absolutely nothing:
thoroughly believe that by public economy,
by official retrenchments. and by wise finance en-
sbling us to accumulate the precious. metals. re.
producing an artificial scarcity Of currency or
disturbing public or CONNIE rcial credit; and that
pure government. win restore general confidence
encourage the useful Investment Of capital, fur
TT, sSe T. hard c00h
1t will cattle human ingenuity to extract
q practical idea from the above sentence.
1t is precisely the kind of talk man in
dulges IN who has no opinions on the sub
1ect, and seeks by pompous and enigmatical
phrase to conceal the abject poverty of HE
intellectual exchequer.
REPUBLICAN ACTION.
The Republican party has been, and still
is, in favor of q return to specie payments.
1t regards gold and silver as the standards,
of value, and has looked forward steadily
and honestly to the time when the paper
money of the country should be at par
value. That there has been, and is to-day,
o diversity Of opinion in the ranks of the
party in regard to the manner and the time
Of resumption is not to be denied; but there
has been general concurrence as to tho
necessity of resumption and the importance
of adopting practical measures looking to
that result 1t was in this spirit that tho
act of January, 1875, was passed, fixing the
fret of January, 1879, a. the time when re-
sumption should take place by the redemp-
ton OF greenbacks in coin, and for that
purpose authorizing the Secretary of
the Treasury to reserve the surplus
bonds to procure the additional gold
that might be necessary. Whether these
preparations are sufficient and that addi-
tiOnal legislation may not be necessary, and
whether in fact the timo fixed is not preaa-
ture, is doubted by many who are the earn
est friends of specie payments. But what
has been done was honestly intended to 40
eomplish the great purpose, and when the
st. Louis convention, and Tilden, and LEN
dricks pretended to be greatly in earnest
about specie payments. and de1oHnce the
Republican party for not having brought
them about before, and demand the repeal
Of the resumption act because it 10 an OH
stacle in the way of resumption, and them
fail utterly TO pOin. out any method of re-
sumption, and talk only in empty plat
tudes about resuming ''by public eeono-
ment," we realize how utterly heartlessy in
sincere, and ignorant they are about the
whole business. The platform and letters
are intended to reconcile the hard money
men OF the East, who are demanding specie
payments at once, and the graenback men
of the West, " no are opposed to resumption
altogether, and every intermediate shade
and class of opinion, to vote for Tilden and
Hendricks, amt are intended to make each
to be cheated, and their wishes alone to be
consulted.
The opposing factions on the currency
question can each and all draw the most
ample Endorsement from the late speeches
of Mr.. Hendricks. He has with cOnsum-
mate impartiality divided his logic between
the extrsvsganzas of Landers, the respect
able reputation of Pendleton, and the
cold, metallic demands of Wall street.
UPON WHAT PROSPERITY DEPENDS.
The prosperity Of the country depends
upon the continued administration Of the
government upon the true and tried princi-
Piles of the Republican party. The PROPOSE
ton of the Democratic leaders to mako