The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-06
COY. TILDEN's LETTER.

To THE EDITOR OF THE SUN-Str: The
letter OF acceptance Of Gov. Tilden Is the chief
topic Of conversation In all quarters; but no.
where 10 1t more carefully canvassed and criti-
cised than In financial circles. Not only are
specul tors eager to weigh the OPINIONS and
theories OF Gov. rilden with reference to their
ultimate effect upon securities of all kinds, but
solid business men take the same interest IA
the utterances OF this Pre- sidential candidate.
This Is ma ural. for VIII 10 the letter of accept
ance Of HAYES was a doctored document gotten
up by politicians and carefully framed by men,
bers OF the Republican rarty who have shown by
their actions In ONCE their utter lack OF capacity
and inability to zeal either theoretically or prac-
ticslly with great national questions, that :
Gov Tilden was his own production, aud IT'S
author is well known to be man OF remark i bile
ability.
While the letter Of Hayes fell fiat upon the
community from the fact that II was machine
IN de and had been carefully prepared to suit
figure head, that OF Gov. Tilden awakened the
lveliest discussion as coming from man whose
opinions we're known to be valuable and who
has achieved reputation in the ordinary walks
Of life as an able, acute, aud original thinker.
1t Is years since a lengthy document OF po-
litical nature has been 40 universs ally and thor
ougny read and its contents so carefully studied.
the part Of both friends and opponents. IL WAS
conceded that nothing 10 the letter could DO
caviiled at, the only remark OF a di,paraging
nature being in the shape OF doubts as to Gov.
Tilden's ability TO carry out his opposed inten-
lions II elected. His estimate u the financial
situation WIS admitted TO be correct and his
treatment Of II mastery.
1t Is on this point more than any other that
the people Of means and re. pectability are dis
posed to support Gov + den, and the fact that
he possesses extraordinary business 1ility Is a
powerful reason for intrusting him with the
| reins Of Government.
In the time Of war military ability Ia de.
handed In the time OF peace, business quail
| &c atoms that will aid In quiet governma mt aud
| IN sustaining the industries which Increase the
prosperity OF the country.
| In this time OF terrible business depression,
| a anancier is needed at the head OF the nation.
10 no way can 1t be more thoroughly demon
strated that Gov. Iilden Is this, than by observ-
/ ing the unanimity with which business men, re-
| gardless OF party, unto In commencing his
| statement Of our financial evils aud the remedy
| which II 10 necessary TO apply Ever since lsd5
he has been on record In the shape OF a letter to
| the cretsry Of the Treasury, in which he says,
| "Wnat you want to do now Is TO cut down your
! expenses, and live within your income" he
! done this, but that II has run headlong into
! ST, atet Extravaganza and folly and threatens to
/ blocA he wheels OF Government II Democrat
| t. II uuse. representing ajax burdened people.
ventures to insist upon an observance OF the old
| and time honOred maxim.
After showing that In order to save ANYTHING
| II IL necessary 10 live within your income"
Gov linden points out a way to liquidate the
deots already contracted, and which are now
such n heavy burden. IL Is simple, effective,
aud in ordinary business use. 1t is to provide a
sinking fund by reduction In the rate OF inter
| est upOn the national debt. IL one per cent re-
duction were made Ia the rate OF interest, and
the amoant saved set aside as a sinking fund
yearly, the public debt would be entirely wiped
out 10y the accumulation, com pounding at four
| aud one-halt per cent, In thirty eight years
| In regard TO fpecie resumption, Coy. Tilden
| believes that II is to he brought about by "A wise
and economical management Of the Govern
| ment, and q careful manipulation OF its finances
| Ire ting every theme as a business man. ap-
plying business principles, he has certainly sue
ceeded in gaining the sympa'l and respect of
| all men Of sou judgment In every depart.
ment Of trade.
Perhars Jay Gould aud his friends ma, not
| join in the general expressions Of admiration
since the policy Of Gov. hluen when put in,o
| enect Will have the tendency TO break up Wild
| cat speculation, and prevent Dycrtradiug IN
Wall street - well as In all other spheres OF
| business. But Jay Gould has been shrinking
very RAPIDLY since he furnished funds to bu,
the Tribune, and invested In Union Pacific
| stock at high prices. His opinion Is not oil
much account, and II will be less so when the
Union Pacific Railroad is compelled by Demo
cratic Executive and Congress to pay back the
sums which were corruptly taken out OF the
United States Treasury TO build II, by the Re
| puIheAn partV SyIa sHVp