The New York herald., 1876-08-01
THE TWO LETTERS.
Governor Tilden at Sara
toga To-Day.
The Final Draft Of the Letter
Now Ready.
GOVERNOR HENDRICKS And His FINANCE POLICY.

SARATOGA, July 81, 1870
As soon as the democratic standard bearers Issue
their letters of acceptance the campaign will begin IN
earnest and is the intention OF tho leaders TO make
it tho vigorous and determined campaign tnst
has been carried for twenty years.
Governor Tilden will give his personal attention %
Its general management, and the who will have
more immediate charge OF the details have great ex-
percnce in political AFFAIRS and will see that every
available element utilized make tho fight for
form signally victorious
Governor Tdon is expected hero tomorrow evening
with the draft of his document. and then 1t will receive
the finishing touches If any should be needed. Cow
Hendricks has been busy revising his own letter.
which now substantially finished, and Is essentially
in harmony with the sentiments OF Governor Tildeps
s forecast in the HsRALD.
GOVERNOR HENDRICKS MsRErREsESrEn
1t Is asserted here, on good authority, that what
doubt may have arisen in tho public mind as u
a radical difference between tho financial views ol
Governor Hendricks and tho declarations of tho plat
form, has been occasioned by misconccpton or mis-.
representation of tho Governors real sentiments on
that question. Some prominent democrats admit
that he himself Is partly TO blame for such pop
ular misconccption, aud that 1t would have
been wiser policy in him have been less
non-committaL or his policy in that particular
influential member of tho party has vouchsafed the
explanation that Governor Hendricks and Senator Nor
ton the acknowledged leaders OF thor respective
parties in Indiana That both shrewd politicians ant
Tor years the struggle between them has been to oota
or preserve asccndency in the State There Is large
element in both parties in favor OF imitation and Cow
ernor Hendricks did not deem 1t polite to offend un
necessarily important element by taking 81
strong ground in favor OF early resumption q
specie payments as he could have conscIentlousI
assumed, II deemed desirable. because It
one Of the cardinal doctrines OF the democratic
party that gold and silver the only constitutions
curr n 10
legal right to issue paper money There Is no pnreS
patriot nor soundcr democrat Than Governor Hen.
bricks reiterated here tNt the only difference oI
opuion tnat has existed bctwSp Governor Hendrickl
aud Governor Tlden has beei to the necessity ot
action part Of Congress- at:east OF the
democratic House Of Representatives, looking TO .
peal OF the resumption clause.
HENDRICKS POLICY OF SILENCE.
Both opposed the poicy OF forcing resumption
by contraction of the currency; but while Governor
rllden has perss!eaty oonendea t .na; resump.o1
trade and commerce, which would result from
the advent Of practical reform administration. Gov
ernor Hendricks has inclined to the opinion that
policy Of silence as to period of resumption would he
the best to restore connicnce to the country When
Governor Tilden was here he presented his own view
OF the forciby that Governor deodricks has
been induced TO yield HIS personal opinion on that
question. He says that Governor Tldens vicws he
read them in the HERALD, Will suit the people OF Ia
diana
THE ST. LOUIS PLATFORM.
Governor Tilden n his letter. will demonstrate thaS
the 81 LOUIS platform docs not pledge tho party 10 I'M
mediate repeal OF tho date Of resumption, but only
practical resumption ut early period He thinks
that elected the policy OF reform he intends TO carry
out would save $50 900 900, year, or perhaps even
larger sum that, that the surplus iound thus
created would enable specie payments TO be resumed,
before the end OF the second year Of his adminisra-
tion. He thinks forced resumption would create
panic and that after the Presidential election shall
be decided all parties will favor repeal CT tho cause
fixing the date to resume specie payncntA he Will
put tho financial question so plainly and explicitly IN
his letter. IT Is said, showing the nsncerty OF the re
pu picans IN enactng the resumption clause that the
people cannot fail to the wisdom OF his position
namely, that return to specie payment will naturally
and speedily follow pubic prosperity, resulting from
honesty and economy In the oil the gov.
ernment
THE CONDITION souTH.
With reference to the condition of the South Gov.
Tlden thinks that universal amnesty w essentiM
to tho proper aud complete pacicaton CT the disturb.
ing elements In the southern states He believes that
leading in the South who still remain disfran
chsed should be Internationally restored to all the
rights and privileges Of citizens because accepting the
of the rebellion they better abc to represent
and guido tho people OF thor States than some Of
the men who influence them now, and at the
same time the Governor il iniiexibe in his position
that rights alike OF the negro and the
white man should be protected under the law.
LETTER GOVERNOR HENDRICKS.
Governor Hendricks letter will not give much ems
couragement TO the soft money from tho fact that
he stands squarey on the ST. Louis platform on the
financial question as well as ON every indicated meas
ure OF reform
There are a number Of liberal republicans bore
evidently TO what terms they mako with the
candidates Ex-senator Trumbull, OF Illinois, Gov.
Curtin Of Pennsylvania; j. Scoville, OF New
Jersey and several others among those who
be made to believe that tho interests OF the country
the porpctuation OF republican Institutions
depend the election OF Tilden and Hendricks II
proper inducements assured. There Is to bo .
mectin OF the prominent members OF the Lib
era Committee OF 1872 Chappaqua after tho ap
pearancc OF Tden and Hendricks letter. when mani
icsto will he issued of Tiden and Hendricks
ana IN opposition to that Of Ethan Alien declaring ID
favor Of Hayes and Wheeler.
BkISTOW TO STUMP FOR HAYES.