, 1876-08-07

statesmanship He adds:
:, Tho Captain of steamer about startling from
New York 10 Liverpool docs not assemble costn-
ctl over llA ocean chart md TX an anglo BY, which
Intelligence must be al lilo helm to tisccrr shifting
forces OF waters and wtnde. human mind must \
& s to fe M ta day S a
aro cycrything: Without them q lcaiaiat!yc COM
'nsn xlns rhay m oeia romso xlng day
q dcL1'sinn 10 all who trust them,
The man asking to DO appointed Captain |
Of steamer sailing between New York and
Liverpool who would not promise to have
his ship ready to start Oh the advertised
day would bo rejected az unfit to DO
trusted. A steamship line unable to
III with certainty tho time Of departure
would have neither freight nor passengers.
A steamor promising to start only when the
"human mind" at tho lelm got ready would
hardly be considered n safe means of TRIMS
portation for tho human 1ifo and tho property
intrusted to it. Tho steamer loaying port
with the r1dder un]ashed, and at the mercy
Of wind and ware, would not be able to find
insurance in any company, no matter how
desperate.
After distorting ali manner Of propositions
to evado tho question Of how and when to
resume srocie payments, he declares that it
Is to be accomplished by n systom Of prep
aration," and that II elected he will do what
hc can to bring about such "system Of prop
aration." What this system is to be. ex-
copt it is to be conprifod Of "wiae finance"
Mr. Tr1DEN declines to explain He will not
so to sea bound by any date for sailing,
route to take, ratio of speed, time Of arrival
out, or amount Of coal on board; he wants
to 60 aud tako his own course, without rcfor-
cnce to charts, compass, timetable, or my
thing else, except his own Human intoll-
gonco at the helm.
Summed up, Mr.. T11nEa's whole letter on
finances may be expressed in the opening
sentence Of that part rolating to specie pay-
ments, wherein he declares that be agrees
with tho st, Louis Convention, and that
" Tho object demanded by tho Convention is
n resumption Of specie payments on tho
1ogal-tonder notes of the United statos. Tho
reat is jumhlo of reasoning out Of which ho
reaches no conclusion and ho insists that
he cannot reach one, but must go into
tho future as into tho dirk, ALI that he
writes in his long letter has beon written
over and ovor again thousands of times dur
ing tho last ton years. There is not q now
or an origiual thought in it.
Hc repeats the Confederate arraignment
of tho Republican party for not having re-
eu1nca specie payments during tho, last ton
years. Ho, however, supprossos tho fact that,
in 1906, tho Republican party began the
work Of resumption, md had aotunlly re-
tired $44, ,000,00 Of tho Government notes
when tho Democratic party conceived the
idoa of mixing irroleemablo g1eonbacks tho
permanent money Of tha country, and using
them al a substitute to "pay Oh tho whole
national dobti Mr. TnDEH docs not recall
tho fact that the Democratic Convention
which met In New York in 1868, aud nomi-
nated SEYMOUR for President, declared this
as the policy OF tho Democratic party. A1r.
TnpEN then personally supported SEYMOUR
on Tint platform. This waa such q him
drance to specia resumption that 1t greatly
damaged tho public credit. Since then tho
Democratic party, at State, county, and
local conventions md elections, and
In Congress and out Of It, has made
war againRt specie resumption In tho
most determined manner. It has been
ehan around the necks Of the public
credit, and ataudingmonace to tho reBump-
tion of honest money. Even In tho present
Democratic Congress, a majority Of the Dem
ocratio members oppose specie payments as
an evil, md favor tito iasuo of linitless ire
dce,nable paper. B1r. T1LnEN's associate on
the tickot was his most formidable rival be-