The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-05
GOV. TILbEN'S LETTER.
The Great Issues of the PreSi'
dental Canvass.
PRACTICAL CRAFTSMANSHIP.
The Financial Question Fully and
Ably EXpounded.
RETRENCHNENT IN PUBLIC EXPENSES.
0no Term for President Of the
United States.
HENDRICKS IN ACCORD WITH TILDEN.
Admirable Letters with Common
Sanse S11ppeStiOns
HENDRICKS IN ACCORD WITH TILDEN
Admirable Letters with Common
Sense Suggestions.
ALBANY. July 81. 1879.

ALBANY, July 81. 1870.
GENTLEMEN: when had the honor to
receive personal delivery Of your letter on be-
half Of the Democratic National Convention,
held on tho 2sth Of June at ST. Louis, advising
mo Of my nominatiOn rs the candidate OF the
constituency represented bv that body for the
ofhce Of President Of the United states, an
swered that, at my earliest convenience, and In
conformity with usage, I would prepare and
transmit to you formal acceptance. l now
avail myself Of the FIRST interval in unavoidable
occupations to fulfil that engagement.
Tho Convention, before making its nomina-
tons, adopted a Declaration OF Principles,
which, az whole, seems TO me a wise exposi-
tion Of the necessities OF our country, and Of the
reforms needed to bring back the Government
20 its true functions, to restore purity OF admin
istratlon, and to renew the prosperity of the
people. But some of these reforms are SO urgent
that they claim more than passing approval.
REFORM IN PUBLIC EXPENSES
The necessity Of a reform In the scale Of pub
lie expense-Federal, State, and municipal -
and " In the modes Of Federal taxation" justi.
1es all the prominence given to 1T In the deolara-
tion OF the St. Louis Convention.
The present depression In all the business and
Industries OF the people, which is depriving
labor Of Its employment, and carrying want into
many MONIES, nus lts Drlnclpal cause In eXCeS-
sive governmental consumption. Under the
illusions Of specous prosperity enRendered by
the false policies of the Federal Government a
the peace Of 1855 Which could only end % In '%He un
versal disaster.
The Federal taxes OF the last eleven years
reach the gigantic sum Of 45O0 millions. Local
taxation has amounted to two-thirds as muc
millions
This enormous taxation followed a civil con-
hict that had greatly Impaired our aggregate
O
expenses Indispensable.
ssed o sSnson tent aHa ,
the sacrifices Of the people far beyond the re-
II was aggravated, moreover. by a nnancisi
pnllcy which tended to diminish the energy.
ski i, and economy OF production, and the fru-
ejaculation in business and an unrem une eratlye
use Of capital and labor.
industrious communities press closely upon
their daily earnings The margin OF posslole,
national savings rs at hest small percentage OF
ns,ionai sesin1nsStal esrnngs eopsSmpton has been
larger portion OF the national earnings than the
wnole people can possibly save, even In prosper
Gus times for all new Investments
The consequences OF these errors are now
s5Gasup ssisnt pSeS newer nvsbs they were
and inevitable, and were foreseen and depicted
wnen the waves Of that fictitious prosperity ran
highest. In a speech made by me on the Ath OF
September, ls6S, 1t was said OF these taxes
They bear heavily upon eyery mann ne sspssy usS sS
% lYdusy % SnS sEsrS sS SeSseS 10 press & more
isyiy, unless we.ries, t6e system mat gives ri.e %
aoaonus repeaIed issues 81 ega tender paper per
Iafcnt wealth taxes but when yslues reeeee and
toward their natural sese ~ ts IA Ia1 @ hui
ai,o portion oi our eapt9l DO not wish visit, 70
costly and pSIy d1S os ,ns HsscsI ss, pocy a
1oy q the suath. We cannot sGora the magnificent
en- w cannot sofd the
mn ent scale OF taxation.
TO the Secretary OF the Treasury, SAID early
in 1865
There a no royal road for ooyernmen. more than
Tor ar individual or corporatlon Wnat you wsht h ID
income would eive 81 the ne ieseraemsa, & sais n, q
come"
The reform will be resisted at every step, but
IL must De pIessed persistenty. We see to-day
fle immediate representatives Of the people In
one nrauch Of Congress, while strugelln to re-
oice expenditures. compelled to confront th
menace Of the Senate aud the Executive tha'
.n"tt1 ."' 81 m tn t5e onerations Of the Goyernmeni
hereunder shall suffer detriment or cease IL
tiun ought to be devised separating into distlnc
bri. the apurOpfi itiOns for the various depart
n.,nt, 4 the public service, and excluding IRON
"a h iiu all appropriations Tor Other Oblects
unn all indep ndent legislation. In tbat wa
one can the reNisory power OF each ef the wv
.Acmut,d from the moral duress which oftel
ulpo, assent 10 objectionable appropriation.
'Iatu,r tuan stop the wheels OF the Government
THE SOUTH.
An accessory cause enhancing the distress Il
lri-iue~. is % be found IN me systematic an
iirup. .urf able mis- oyerum eut imposed on th
: aios Il the Soutn. Be,ides the ordnary ei
icets Of Ignorant and dishonest Administrator
Il has inflicted upon them enormous issues q
fraudulent bonds, the scanty ayails OF whic
ver' wasted or stolen, nd the existence Q
" ich IL a public discredit, tending 10 bank
ruptcy or Reputation. Taxes, generally opprei
siYe, ~ some Instances have COnlsca tho eI
tire income Of property, and totally destIoye
IT, make able y4lae. Il is Impossible that thes
evils should not react upon the prosperity of th
Ihe nobier motives Of humanity concur wit
the material interests Of all Ia requiring thu
every obstacle be- remoyed, t. cq,mplete al, an
tons once unnaturay estranged, on the bas
recognized by the ST. Louis platform, Of 4
"Constltuton OF the United states, with
amendments universally accepted as fnal sc
clement Of the controversies which enIender'
hut, in aid Of a result so beneHcent the n OF
inhlence OF every good citizen, as Wen as W eve
not alone to maintain their Just equalty peio
tie law. but likewise to establish coIuiai u
tefnlty and good will among citizens, whateV
tl.ir race or color. who are now united In I
one destiny Of common self-goyeInmeht'
10 exercise the powers with which the laws al
the Constitution OF our country ciothe lts IN
magistrate, to protect all It's citizens, wnate'
their former condition, In every polltcaI a
CURRENCY REFORM.
Reform Is neceBs ary." declares the st. Lol
Convention, &" to establish a sound currency
store the public credit, and maintain the I
tionl honorj" and II goes on to demand
1udlcious system Of preparation by public ecot
nics, by oficial retrenchments and by VI
finance which shall enable the nation TO asst
the whole world Of its perfect abilit| and
perfect readiness to meet any Of lts promises
The call Of the creditor entitled To payment"
lhs object demanded by the Convention
hresumption Of specio payments on the lei
tender. notes Of the United states; That, Wo'
not only restore the public credit" and ma
tain the national honor" but II would " esti
Ii,h SOUND currency" for the people.
The methods ~ which this object is TO
pursued and the means 10y which II Is 10 be
tanned, hre disclosed by what the Convention
manued for the future and by what II
bounced In the past.
BANK NOTE RESUMPTION.
hesumpllon Of specie payments by the g.