The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1876-08-19
Hendricks Letter of Acceptance.

INDIANAPOLIS, July 2L 1s76-Gentlemen,
have the hOuor To acknowledge the receipt of
YOUR com nunicatiOn. in which you have form.
ally notified me Of my nomination by the Ma.
tiona Democratic Convention at ST. Louis as
the candidate for the Office Of Vice President OF
the United ) tates
1t is "a nomination which 1 had neither ex.
pected nor desired. and yet recognize and sp.
preClate the nigh honor done me by the Con
Venlion. The choice or such body, pronounc.
ed with such unusual unanImIty, and accom-.
panied wlth 80 generous an expression ofesteem
personal desire and preference Of my own. It
Is with this fee ing, trust also. from deep
sense OF public duty. that now accept the nom
countrymen. 1t wOdld have been I'M.
posslbie t9r me to accept the nomination
form OF the con rention. am gratlfiad tiiers
fore to be able unequlvocal y TO declare that I
agree IN the ptlnclUie', approve the policies and
syMpathiIe win the purposes enumerated in
tnat platform.
ontne financial question Me- Hendricks says
Our cOmmerclal system OF eXpedlents must
be reformed Gold and Silver are the real
standard of values and our national currency
viii not be perfect medium Of exchange until
It shall be convertible at the pleasure OF the
hOlier. As have heretofore said, no one de.
sifes return to specie payments more earnest.
ly than l 90. but do not beneve that it will or
can be reached IN harmony with the interests OF
the peOOle by artificial measures for the con.
traction of the currency any more than believe
that wealth or permanent prosperity can be
created by an imitation Of the currency
The laws of huan"e canuot be diSregarded
win lmpumlV Il ie nnanclal policy OF the Gov
ernnent, If indeed IL deserves the mans of poll
cy at all, has been N disregard of these laws and
therefore, has disturbed commercial and busl.
neSs confidence rs we as mnnered return to
spect payment one feature of that policy was
the resumption clause OF the act OF 1875, which
has embarrassed the country by tne Anticipation
OF compulsory resumption for which no pee
paratOn nas been made and without any as
suIance that It would be practicable,
The repeal of that clause IL necessary that the
natural operation OF financial laws may be re.
stored, that the business OF the country may be
relieved from its disturbing and depressing in
nue1ce, and that return to specie payments
may be facilitated by the substitution OF wiser
and more prudent Legislation, which shall man.
ly rely on 1udlelous system OF plDnc ecOno-
mics and official retreuchments ami above all,
op the promotion OF prosperity in ali the indus.
tries OF The people
10 not und, rstand the repeal Of the resump.
don clause Of the act OF 1875 TO be bacKward
step IN our return to specie payments but the
recovery OF a false step,aud al luhOugh the repeal
may for time De prevented, YET the determi-
nation Of the Democratic party on this subject
has now been distinctly declared There should
be no hindrances put IN the way Of a return to
specie payment d AS such a hindraneen saws
the platform Of the St. Louis Convention, we
denounce the resumption clause OF the act OF
Is! 0, and demand lts repeal"
thoroughly believe chat Dv public economy,
by Official reGrenchment, and by wise finance,
enabling us to accumulate the precious metals,
resumption At an early period, Is possible with
out pi Oduclng an " artificial scarcity of cur
rency," or disturbing public or commercial
credit, and that these reforms, together with the
restoration OF pure government, will restore
general confidence. encourage tine useful invest
nIent OF capital furnish employment to labor
and relieve the country from the paralysis of
hard times."
With the industries of the people there have
been frequent interference Our platform truly
says that many industries have been lmpOver-
ished TO suDsld.ze a few. Our comm rec has been
degrlded TO an Inferior pos. tiOn on the hlgn
seas. manufactures nave been diminished, agri-
culture has be n embarrassed anu the distress
OF the tndnstnal classes demands that these
things shall De reformed
Tue burdens OF tle people must also be ligh-
tened by great change III our system OF pub 10
expenses, The prutlgate expenditures wlich
, increased taxation from tige dollars per capita
m 1860 to eighteen dollars m ls10 tells Its own
I story OF our needing hscal reform.