The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-08-05

| defraudtnQ the Public Treasury, and re-
joices that the st. Louis Convention so
nobly raised the standard OF reform.
He believes, in some respects, that Presi'
dent Grant has been the victim rather
than the author OF the vicious system
He urges the right OF local self govern
ment and OWL service reform, and on
the currency says: ..
Our financial system of expenditures
must be reformed. G. I'D and silver are
the real standards Of values, and our
National currency will not be perfect
medium of exchange until it shall be
convertible at the pleasure of the holder.
AS l have heretofore said, no one de.
sires a return to specie payments more
earnestly than do, but do not believe
that it will or can be reached IN harmo
ny with the interests of the people by
| artificial measures for the contraction OF
the currency, any more than l believe
that wealth or permanent prosperity
can be created by an initiation OF the
currency. The laws Of finance can not
be regarded with impunlty.
The financial policy of the Govern
ment, II indeed it deserves the name of
policy at all, has been in disregard OF
those laws, and therefore has dlsturbe
commercial and business confidence as
well as hindered return to specie pay
ments. One feature Of that policy was
the resumption clause OF the Act of
1875, which has embarrassed the coun-
Try by the anticipation of a compulsory
resumption for which no preparation
has been made and without any assur-
ance that it would be practicable. The re-
peal Of that clause is necessary that the
natural operation of financial laws may
be restored, that the business of the
country may be relieved from it's dis
turbing and Oppressive influence, and
that return to specie payment may be
facilitated by the substitution Of wiser
and more prudent legislation, which
shall mainly rely Oh d judic.ous
system OF public economies anu official
retrenchm9nts, and above all on the
promotion of prosperity i'll all the in
dustrIes Of the people.
do not understand the repeal Of the
resumption clause OF the Act OF 1915 to be
backward step in our return to specie
payments, but the recovery OF false
step, and although the repeal may for a
Time be prevented, yet the determination
of the Democratic party on this subject
has now been definitely declared. There
should De no hlnderances put in the way
of return to specie payments. "As
sucn hinderance," says the platform of
tue st. Louis Convent n, "Ne
denounce the resumption clause
of the Act of 1915, and de.
mand its repeal" I thoroughly believe
that by public economy, By Official re-
trenchment and by wise finance, en-
abling us to accumulate the precious
metals, resumption AT an early period
is possible without producing an arti-
ticial scarcity OF currency, or disturbing
public or commercial credit, and that
these reforms, together with the resto-
alton OF pure government, will restore
general confidence, encourage the useful
inves lment' of capital, furnish employ
ment to labor and relieve the country
from the paralysis of hard times.
He says there have been frequent in
references with the industries vi the peo
pie and that their burdens must be light
ened by a change in the system OF public
expenditures.
Urges review of our treaties with
/ foreign powers.
Says the man who would involve our
| schools in sectarian amin oSities is an en-
emy of education, and he VINO would
| arouse sectional animOsities is dan
gerous enemy of his country.
Mr.. Hendricks letter concludes as fol.
lows:
1t will be seen, gentlemen, that I am
in entire accord with the platform of the
Convention by which have been nom
mated as candidate for the office of
Vice President Of the United States.
Permit me, in conclusion, TO express
my satisfaction at being associated with
d candidate for the Presidency who is
first among his equals as a representa-
tive of the spirit and OF
the achievements of reform. In his
official career, as the Executive of
The great State of New York, be has, in
comparatively short period, reformed
the public service and reduced the pub
lie burden 80 as to have earned at once
the gratitude oil his State and The admir-
alton of the country. The people know
him to be thoroughly in earnest. He
mas shown himself 10 be possessed OF
powers and qualities which fit him in
an eminent degree for the great work of
reformation which this country
now needs, and il he shall be chosen by
the people to the high office of President
OF the United States believe that the
day of his Inauguration will be the be-
ginning of new era of peace, purity
and prosperity In all departments Of our
Government. am, gentlemen, your
obedient servant,
THOMAS A. HENDRICKS.