The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-07-06

Samuel j. Illden was Nominated anu
elected governor of the state of New ork,
in 1874 on platform declaring unequlyc-
oally for II speedy return TO specie pay
ments as demanded alike by the highest
" considerations of commercial morality
" and honest government that apecic was
the only legal tender, and to reach specie
pay ments there should be steady steps for
ward, but "no step back ward" Upon
platform less unequivocal, he could not
have been elected. a declaration in favor
of inf ,tion, In favor Of paper money, in
favor of the continuance of our present
form of legal tender currency; declara-
ton capable of. a double Interpretation,
meaning one thing to the hard money
democrats, and another to the inhitionists;
anything but an emphatic, unequivoca
~ a, ,eo'l"7 -;,-fOua- ot an iramed'ate retnrr
to HIM and the party. This he and they
well knew, and they made their declaration
accordingly.
Pior to the making of that declaration,
prior to his nomination, the congress f
the United States had enacted that on ano
after January /, 1870, the legal tender
notes should be redeemed, on presentation,
in specie; in other words, that specie psy-
ments should be resumed on that day. The
whole machinery necessary to enable the
government to resume specie payments OF
that day may not have been provided
%tl,. l,..ri h. I'D ll,r, 10
necessary-but it most certainly was Il
6 step toward" specie payments. In order
to resume, a day therefor must be fixed,
and then legislation, If necessary, and sucb
other steps as may be required, must be
taken in order that the promise may BIZ
kept. The faith of the nation is pledged
TO redeem our paper money on and after
that day. The same power that authorized
the incurrlng of our debt, that authorized
the issue of a legal tender paper currency,
that pledged the faith and credit of the ma
ton to the payment of the one and the re-
demption of the other, has made the pledge
to redeem on and after that day. The one
pledge is as binding as the other If one
can be repudiated, the other can. If there
is such thing as national honor, it will be
furnished as much by the reupdiation OF
the one promise as by the Reputation OF
the other.
That this is 30 seems too plain for argu.
ment. That the democracy of New York
so believed and SO intended to declare
seem equally plain. The resumption aci
of 1875 was in force, and they resolved
that "the public credit must be sacredy
maintained" and that they denounced re
pudiation IN every form and guise." II
the repeal Of this act would be repuda
ton in any form or guise, then they de-
nounced its repeal. Ii its enforcement
was necessary to the maintenance of the
public credit, then they were pledged tc
sustain it, and to make it efficient by addi
ti0nal legislation. That they SO under
stood and intended is made plain by thei
subsequent acts. Their representatives il
congress have, hitherto, steadily opposed
the repeal of the resumption act, although
iuc hloJOiity VI tucli uelipCIdllC COilthRuci
In the house have as steadily sought its re
peal. Moreover, the democratic legisla
ture of New York, in March, 1875, passet
an act which was approved and signed by
Samuel j. Tlden, and so became law
providing that from and after January
1879, all taxes levied in that state shall b.
collected In gold, or banknotes redeemabl
in gold and that all contracts made there
after shall be payable in United State
coin of the standard weight and faeness
Furthermore. The resumption act o
1876 being still on the statute books of tn
United States, and that of New York Oh
the statute book OF that state, the democra
cy of New York assembled in state conven
ton and again declared themselves in favo
of steps sill toward specie payments ant
no backward STEP" and again denounc
ed reputation in every form OF guise ant
still later, as late as April 20, 1875, the,
reafA med this declaration, and presented
Samuel j. Tllden as the democratic candi
date for president of the United States OF
this platform. so far, at least, the democ
ricy of New Y|rf, whatever may hav
bseo the attitude of the party of Ohio, Il
diana, Pennsylyad.a or elsewhere, wer,
unmstskably and un9uestionably in favo