The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1876-08-16
GOfERN7S TlLDEN AND HEN
DRICKS HEARD FROM.
Full Text Of Their Letters of
Acceptance.
ww &c
Our Standard Bearers in Full
Accord on the Great POpu-
lar Issues.
A Scathing Arraignment of the
Party Of Corruption and
Misrule. -a
The Currency Question Boldly
Met and EXhaustiVeIy
- Considered.
Reform as the WatchWOrd of the
Centennial. Campaign.
StatesmanIike Views on the Other
Planks of the National
Platform:

Platform:
ALBANY, July S1.-The following
is Mr.. Tilden's letter of acceptance
GENTLEMEN When I had the
honor to receive the personal deIiv-
cry of your letter on behalf of the
Democratic National C9pVention,
held on Dune 28 at st. Louis, adYis-
ing me of my nomination as the can,
didate of the constituency represent.
ed by that body for the Office oil
President of the United States, an.
swered that at my earliest conyen-
fence and in conformity with usage,
/ 1 would prepare and transmit to you
a formal acceptance. 1 now avail
myself of the first interval in my un-
aVoidable oocgpSttgns te fulfill that
engagement. The Convention be.
fore making its nomination adopted
declaration Of pPiueiples, which
as a whole seems to me a wise ex-
position of the necessities of our
country and of the reforms needed
to bring back the Government to
it's true functions, to restore
Purity of Administration,
and to renew the prosperity of the
people. Some of these reforms, as
urgent as they are, claim more than
a passing approval. The necessity
of reform in the scale of public ex-
pense, Federal, State and municipal,
and In the modes of Federal taxa.
ton, justifes the prominence given
to it in the St. Louis Convention.
The Cause of Hard Times.
The present declination in all
business and industries of the peo-
pie, which is depriving labor of it's
employment and carrying want into
SO many homes, has its principal
cause in the excessive governmental
consumption. Under the illusions
Of a specious prosperity, engendered
by false policies of the Federal Gov
ernment, a waste Of capital has been
going on ever since the peace of
1865, which could only end in uni.
yersal disaster. ss- @fs
Grinding Taxation.
The federal taxes of the last elev-
en- years reach the gigantic sum of
1000 millions. Local taxation has
amounted to two-thirds as much
more. The vast aggregate is not
less than $500 millions. This enor.
nous taxation followed a civil con-
fict that had greatly impaired our
aggregate wealth, and has made a
prompt reduction of expenses indis-
| pensable. 1t was aggravated by the
most unscientifc and ill.adjusted
methods of taxation that increased
the sacrifices of the people far be-
yond the receipts of the Treasury.
It was aggravated moreover by a Fl.
nancial policy which tended to di-
minish the energy, skill and eeouo-
my of production, and the frugalIty
of private consumption. and induced
miscalculation in business and un.
remuneration use of capital and Ia
Dor. Even in prosperous times the
daily wants of industrious commu-
mites press closely upon their daily
earnings. The margin, if possible.
of national savings is at best small
per centage Of the national earnings ;
yet now for these eleven years the
governmental consumption has been
a larger portion of the national
earnings than the whole people can
possibly save even in prosperous
/ +
consequences of these errors are now
a present public calamity; but they
were never doubtful. never invisible.
They were necessary and inevitable,
and were foreseen and depicted
when the waves of that fictitious
prosperity ran highest. In a speech
made by me on Sept. "a, 1868, it
was said of these taxes:
His Former Uutterances.
"They bear heavily upon every
mans income, upon every industry
and every business in the country,
and year by year they are destined
TO press still more heavily, unless we
arrest the system that gives rise to
them. 1t was emphatically easy
when values were doubling under
repeated issues of legal-tender pa
per money TO pay out of the growth
of our growing and apparent wealth
these taxes but when the values
sink and recede towards their nat
ural scale, the tax gatherer takes
from US not only our income, not
only our profit, but also a portion of
our capital. LIDO not wish TO exag-
gerate or alarm. / simply say that
we cannot affard the costly and
ruinous policy of the Radical major.
ity of Congress; we cannot afford
that policy towards the South. We
cannot afFord the magnificent and
oppressive centralism into which our
Government is being converted.
We cannot afford the magnificent
scale of taxation. SEA sFT
To the Secretary of the Treasury
/ said early in 1865: ''There is no
royal road for a government more
than an individual or corporation.
What you want to do now is to cut
down your expenses and live within
y AN ft p - =