, 1876-08-06
be reissued, and how they are to bs again

} ton OF specie payments, using therei
II much Of the argument reasoning which
T. have used in TIE TRIBUNE for several yea
= on this point he writes as Republican g
9 Vocatlng the policy Of the Republican part
us1ng the precise arguments of that part
but when the reader has followed him, e
pectlng statement of how and when ,
are to have specie payments, Mr. TuD1
escapes by saying "The specifcmeasure al
actnal date are matters of details having re
erencs to ever-changing conditions. The
belong to the domain of practical and at
: ministrative craftsmanship He adds:
The Captain Of Il steamer about starting fro
t Ne" 1ork to Liverpool does not assemble u cou1
Gu over his ocean chart and ax an angle by whic
to lash the rndder for the whole yoyage Il huna
intelligence must be at the helm to discern shift
forces OF waters and Winds 4 human mind nut
Dc at the helm to feel the elements day by day an
guide to mastery over them. Such preparation
are everything: Without them legislative com
mand liking day, IN official promise fixing day
arg snams. They a1e worse: They are snare IN
delus1on to all who trust them.
The man asking to be appointed Captai
OF steamer sailing between New York ant
Liverpool who would not promise to have
hls ship ready to start on the advertised
day would be rejected as urft to bt
trusted. A steamship line unable te
ti1 with certainty the time of departure
would have neither freight nor passengers.
a steamer promising to start only when the
human mind at the helm got ready would
hardly be considered safe means Of trans
portat1on for the human life and the property
1ntrusted to it. The steamer leaving port
with the rudder unlashed, and at the mercy
OF wind and wave, would not be able to find
insurance IN any company, no matter how
desperate
After distorting all manner Of propositions
to eVade the question of how and when to
resume specie payments, he declares that it
is to be accomplished BY system of prep
arahon," and that if elected he will do what
he can to bring about such "system Of prep
arat1on-" What this system is to be, ex-
cept 1t Is to be comprised of "wise finance"
Mr. 'THpEs declines to explain. He will not
60 to sea bound by any date for sailing,
route to take, rate Of speed, time of arrival
out, or amount Of coal on board; he wants
to go and take his own course, without refer
ence to charts, compass, timetable, OF any,
thing else, except his own "humau intelii-
gence at the helm.
Summed up, Mr.. TnpES's whole letter m
finances may be expressed in the opening
sentence of that part relating to specie pay-
ments, wherein he declares that he eerees
with the st. Louis Convention, and that |
- Iha object demanded by the Convention is |
resumption OF specie payments on the
legal-tender notes OF the United States" The
rest is a jumhle Of reasoning ont Of which he
reaches no conclusion and he insists that
ne cannot reach one, but must 90 into
he future as into the dirk All that he
writes IN his long letter has been written
'ver and over again thousands Of times dur
ng the last ten years. There is not new
II an original thought in it.
He repeats the Confederate arraionment
t the Republican party for not having re-
umed specie payments during the last ten
ears. He, however, suppresses the fact that,
1866, the Republican party began the I
'ork OF resumption, and had actually r. {
red S44, 10000 Of the Government notes
hen the Democratic party conceived thu
lea OF making irredeemable greenbacks tho 9
ornament money Of the country, and using c
lem as substitute to "pay off the whole +
atonal debt! Mr.. TnDEs does not recall
10 TACT that the Democratic Convention il
hlch met IN New York in 1868, and nomi- il
tied SEGMouR for President, declared this n
the policy Of the Democratic party. Atr. "
1DES then personally supported SEYMOUR n
That platform. This was such a him "
ance to specie resumption that it greatly a,
mayed the public credit. Since then the
party, at State, county, and g
al conventions and elections. and ca
Congress and out of it, has made | sh
against specie resumption in >tha BY
st determined manner. It has been wi
cham around the necks of the public th
dit, and standingmenace to the resump- sh
OF honest money. Even in the present pa
nocratlc Congress, majority of the Dern- | pc
atic members oppose specie payments as cal
evil, and favor the issue of 1imitless ire. clio
mable paper. Mr. TmDEN's associate on on
ticket was his most formidable rival ha- to
Sc OF bis support of shinplastcrs as a snh- lea
ute for coin currency. Even in the Con- the
ton which nominated A1r, TunEs tho san
scrip men were formidable party. gas
he State Of Ohio, the Democratic nartv Off
ares specie payments to be i'd I
en- tdaaiity," and in Indiana, upon whose mat
hlr: 1nDEN relies for election, the party pay
'neral|y in favor of more scrip, and de. sup
ds the indefinite postponement of specie the
lnpt1on On this point the Demo the
G party, except in the East, is over fice1
mingly opposed to specie payments gent
or at any time; and the party has, since ally,
; anfalteringly defeated every measure the
ng to resumption, or to prepare for re- the
'tion' or to in any way elevate the pub- how
:redlt and bring the country back to ated
money. Whatever has been done to to th
re credit and reduce taxation has been done
by the Republicans in spite Of tba stati'
'cratic party. wide
ere are but three modes of resum;no trave
payments l. Funding the green instr
80. Taxation to raise coin to pav off neces
:eenbacks g. Selling coin bonds, and form
me proceeds taking up the greenbacks. now