Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-08-03
An Inkling OF What the Democratic
Candidates are Likely to Say In
Their Letters Accepting the
NOmin atiOns Ten.
dered Them
The Present Depressed Condition Of the
Country to be Reviewed, and the
Financial Question to be
Squarely Met.
Tilden will Condemn the Radical Policy
which Promotes AntagOnism Be-
tween the Sections, and will
Score the Administration.
New York World.l

cIdA uleCuS6IOu aLlOuk Luo III
Saratoga, as well as in other sections Of
the country. While here Governor Til
den declined to talk over the points of
letter with any person whom he sup
posed would communicate to the public
press. There are prominent men with
whom be did talk freely, and some Of
the essential points are thus becoming
known. A draft of the letter in general
outline has been made, subject, however,
to change and modification in the re.
vision. Governor Hendricks's letter is
ready, but will not be given
to the public until Mr.. Tilden is
ready with his. Both letters will
take decided grounds ont-e questions of
reform, correction of abuses, reduction
of expenditures and rigid economy In
all branches Of the public service. The
| evils which have grown out Of the sys-
tenn in vogue under the Republican ad-
ministratiOn will be dWelt upon, and IL
necessity for a radical change will be
shown, and pledge made for a COM
| plete and thorough reform. 1t will be
| held that the depression in the busi-
ness interests Of the country, the
want of employment by artisans,
mechanics and laboring classes, are the
natural fruits of mism anagement, ex-
| travagauce, prCfligacy and corruption in
the administration of affairs; that one of
| the essential features for the restoration
of prosperity is the reduction OF expendi-
lures, the tightening Of the burdens of
the people, the suspending OF unneces-
sary public works until the country is re-
lieved from the present depression, the ab-
clifton OF unnecessary public offices, the
stoppage of extravaganza and the COM
plete roofing out of the system Of fraud
that has hnoO iod On II ndor tho Traa-
ent administration. the ii financial ques-
ton will be squsrely met by Governor
Tilden, and will condemn the policy OF
the Republicans, as acting in bad faith
toward the interests Of the country in
fixing time for the resumption Of spe-
Gle payment without providing any
means to carry that provision into effect;
and, further, that the policy that that |
has been carried QUITS Of that make shift |
character which has ever resulted in in
jury to the business Of the country and |
the destruction OF confidence without Sc
curing the ption-which |
a majority of the people of the country |
earnestly desire. Forced resumption |
will be held to be impossible, its &C.
complishment only to be brought |
about by the revival of industrial |
and commercial interests, and the re- |
duction of expenditures in every depart |
ment of the government. The policy Of |
keeping the expenses Of the government |
at the figures OF the past ten years, now |
when every business man, farmer and |
mechanic IL cOnipeIleu 10 ec0nomize and |
reduce his expeLs ss, win be condemned |
as one that is in every way detrimental !
to all classes and interests. The qaes- |
ton Of outrsges in tile south will receive |
due consideration aud will be dWelt |
upon in terms so positive as to remove |
all opportunity for the Republicans to |
make eSpi!al out Of the "bloOdy shirt"
Governor Hendricks letter will remove |
many of the points that have been made |
by the Republicans against him. 1t will |
show that ne is not an inflationist, but |
in favor OF the earliest possible return to |
specie payment; not, however, in an |
abrupt manner that will embarTass and |
iDiure the business of the county, but |
by mode that will aid, rather than em- |
barrass the commercial Interests. Like |
Governor Tilden, he believes that the |
important steps toward resumption are |
through economy, official Ietrenchment, |
reform and the revival Of national pros |
perity. II is not known whether Gov |
ernor Hendricks will touch the question |
of one term in his letter or not, but he |
unhesitstingIy states that he is in favor |
of the term OF six years for |
the President, and con-
ct tutional provision making him In |
eligible for reelection. He will con-
denim the policy that endeavors, for |
party or other considerations, TO promote |
antagOnism between different sections
OF the country, and will assert that 1t is
the imperative duty Of the sdministra-
ton to protect all classes and races, and
sea that they are secure in the enjoy
ment OF all the rights aud privileges
which the constitution and the laws re-
cognize. Unless all the indications are
at fault, both letters will bs strong dOcu-
ments and positive in their terms. Ex-
Senator GWin, Of California; MIR. KNAPP,
of Illinois; Mr.. Henderson, Of Indiana,
aAd Ex-GOvarnOr Curtin are among the
prominent men to De seen in consulta-
tion. The statements of the Republicans
that Mr., Curtin has gone bAck to the
Republican party are false.
WHAT TILDEN WILL SAY IN HIS LETTER
TOUCHING FINANCES.
Saratoga Special to New York Herald.l
He sees the necessity of meeting the
financial question squarely, and in 60
ing into the canvass he is anxious that
the Republicans shall not have any un-
due advantage on the question of
sound and substantial currency; thGSe-
| fore he will speak very decidedly and
| fully upon finance. The views that he
| will take are that resumption OF specie
payments would naturally and speedily
| follow such change Of administration
as the country requires, without any
specific action on the part OF congress.
The sum of one hundred or one
hundred and fifty million dollars
in gold would be sufficient upon
which to inaugurste sumption, because
| the banks having as security for their
| circulation the bonds Of the government
which could at any time be turned
into goId-they could redeem their cur
rency whenever called upon, without
expressing their debtors. 1t is ques-
tion OF confidence in the banks and in
the government, and this he is certain
he can establish, if elected, soon after
| his Inauguration. He believes that the
sum of one hundred and fifty million
| dollars will be ample with which to
commence the practical solution Of the
specie-payment question. In this con-
nection he will take occasion to de-
nOuBce the bad faith OF the party in
power in having for popular effect ap-
pointed the first of January, 1873, es the
date Of resumption, when, in fact, no
preparation has been made to put the
promise into practice. On the contrary,
instead OF accommodating specie for the
purpose of resuming, there is now one
ihtrd or one-fourth less gold in the treas
ury than there was when the act was
adopted by Republican congress in &C.
cordance with the policy Of the
administration; therefore, 1t is now
palpabie fraud upon the
people, by the Republican party, to
enact law and make no practical pro-
vision for carrying it into effect. He
holds that there can be no such forced
resumption at specified time, but that
the result which the majority Of the peO.
pie of the country undoubtedly desire
will be naturally brought abort ~ the
revival of our industrial end r... uIer.
-. IL II fhn