Middletown transcript., 1876-08-12

which be deals with master mind a,
: with bold hand. Such letter cou
not Be prepared in few hours, al
hampered as he was with business 9
gagemelts the delay in issuing his Il
ter is no longer wondered at, and Il
Democracy and the friends of refor
are well satisfied that they have o
lost but rather gained by the delay
The letter being too voluminous for
to publish it in full in our columns v
give synopsis prepared BY the N. J
Sun. which comprehends, in a fe
words, the leading points Of the letter
He FIRST touches upon the question I
retrenchment and reform in the admin
istration, showing the evils of the ex
travagance and wastefulness that hav
made necessary the enormous taxation
by which the country is depressed, an,
pointing to the struggle in the Hous
to reduce expenditures under th
menaces of the Senate and the Execu
tive. He would deal practically will
this matter also. and proposes an mend
ment to the Constitution by which The
evils Of the existing system may BE-
remedied.
He next adverts to the Southern
question in words of wisdom and sound
sense. He would seek to establish a
cordial fraternity among men Of every
race. now united in one destiny and
10 promises, as Chief Magistrate to
exercise the powers conferred by the
laws and Constitution, to protect all
citizens. whatever their former condi-
ton. 10 every political and personal
right. ~
Then comes the chief feature Of his
message-an elaborate discussion of the
financial question in its various aspects.
It is not only comprehensive and lucid,
but bristles with practical suggestions
for the establishment of practical finan-
cial reforms. He holds that resumption
is not difficult. shows the methods and
means Of resumption. indicates the time
for resumption, and points out the
preparations that ought to be made for
resumption. "The proper time for re-
says he, ''is the time when |
wise preparations shall have ripened |
nto perfect ability to accomplish the |
'bject with certainty and ease that
will inspire confidence and encourage
be reviving Of business. The earliest
ime in which such a result can be
'rought about is the best" A vague
dea of distress is often associated with
be process Of resumption, but Governor
'ilden shows by few words that this
J unfounded. The Government is the
Die delinquent, and has only to make
ood its own promises, when the banks
IN take care Of themselves without dis
'essing anybody. He does not think
a work of difficulty for the Govern
ent to make the coin now in the Treas
y available for the objects Of reserve,
gradually strengthen and enlarge
at reserve, and to provide for such !
her exceptional demands for coin
! may arise. The best resource, as
provision for reserves and redemption, !
reduction Of the expenses Of the !:
overnment below its income: for that \
poses no new charge on the people. : :
be specific measures and the actual :
te Of resumptive Legislation are mat = =
rs Of detail, having reference to ever : :.
angling conditions. and belong to the = :
msln Of practical administration 6 6
'tesmanship. The fixing Of definite !;
te for resumption, without prepara- :. :
y for it is sham; and the Gov :. :
nor is evidently in perfect accord with n <,
report that was yesterday agreed to !, j
the House Committee on Banking :: ::
Currency in favor Of the repeal Of ~
resumption day clause in the act Of - -
IS. No practical progress toward - :.
ual resumption has been made, but ~ ~
re have rather been steps backward. =; !;
wing gone over this ground thorough - -
Mr.. Tilden closes the subject BY T. T.
ing: uMe M
There is DO necromancy in the ;f' f'
rations Of government. The homelv j
rims Of every day life are the best IT. IT.
ldards of its conduct A debtor who ~;
uld promise to pay loan ont of sur ~ ~
income. yet be seen every day !;
nding all he could lay his hands on r, =
lotous living, would lose all charac,
for honesty and veracity. His offer !
new promise. or bis profession as 10
be value Of the old promise, would
provoke derision." !
II. Tilden makes some excellent OBJ .
atoms on the means of relief to ex-
g business distress. He desires ITO
the subject shall be practically 9th
with. The public mind will no Lo,
er accept shams It has suffered Co,
Igh from illusions. sn;,
be last theme Of his message is civil tba
ICE reform, and be handles it like fttt
Of business and knowledge. He and
is out the two great evils in the trar
srnment service. One is the nre- ual
1t and demoralizing notion that the ame
lc service exists not for the bust vice
and benefit of the whole people his
or the interest Of the oficeholders lust
other evil is the organization Of the is n
al class into body Of political thro
enaries governing the caucuses and som
ting the nominations of their own so
:, and attempting to carry the cleo. Tril
OF the people by undue influence
y immense corruption the funds
matlcally collected from the sala-
y fees Of oficeholders. Mr. Til
indicates the steps that must be =. a
to make reform in this branch wars
i've. cont
fore closing. he pronounces in favor n
one-term principle for the Presi- DC a
!. Bule
Il the whole. and in every respect, C'
[lIden'S latfor &c o.a.. act :,