The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1876-08-12


GENTLEMFS-Whcn had the hOnor to receive
u personal delivery Of your letter on bthalf OF
the Demoelatic National Convention he'd on
The 4hth of June ut 1t. Ouis, ADVISING ne OF my
nomination n the caudidpt of the constituency
iepFescutlug IN uOdr, for the office OF Prcs-
deul of the unitpd Stnles | answered tnnt at
my earliest convenience. and IN conformity with
usage would Drepare and tran'init to YOu u
formal acceptance. now avtil myself OF tue
first interval IN unavoidable occupations To IN %
That engagement. The tonyentiun, b, fore
making Its nominations adopted n declaTgtlO
OF principles which, as whole. seems 10 me a
wlse exposition Of the necessities OF on country
and Oi the reforms needed to b1ng b ok tho
Government 10 ITS true functions, to restore
purity OF administration and to re ew the pros.
petltv uf the people. But some OF these re nrms
are 30 urgent that they C'aim more than pass
ing approval
The necessity Of n reform in the scale Of pub.
nC expense. Federal, state and municipal and
M the modes OF Federal taxation, iustIiics all
the prominence rivcn to 1t in tine declaration Of
the =. Louis Convention. The pIesclt dcpGeS
SION in all the business end industries of the
people, VIII ch IL depnving labor of ITS employ
lnent ana carr ing want INTO 80 many homes,
has its plucipHl cHu,C in CeSsive government
al consumption. Under the Illusions of Il sDc.
CiOus prOsucnty. eugendered by the fallacips OF
the Federal Government waste Of cgpltal has
hccn pOiug on ever since the DelCc OF lsGl which
could Ony end ~ universal disaster. he ell.
erul taxes OF the last eleven years reach tue gi.
pan'ic sun of iOrty-tivc hInGred millions local
taxation has amounted to twO-thrds RS much
moe.
Tho vsst aggi eente is not less than seventy.
five hundTe MILLIONS This enormous taxation
followed n civil conflict that hat greuty impair.
ed our aggi egutp wealth uudhIG made prompt
aggravated bv most unscent &c and ill.a1ju,t-
cd IDS OF taxation, thai. increased The sac.
Iifces OF the people far hcvOnd the receipts OF
the Treasury 1t was aggravated more over by
inHnclal policy winch tended to diminish the
energy, skill and economy Of pr 0ductiOn and the
Irugtitp Of prv te consumption, ind induced
mlsca CulaIiOn III business, uuu an unTemunern.
tive use of cajiial ana labor Even III prOsuer.
Gus times the daily wants of industeTOus com.
nulltlGS press ClOSplV IlUOn Iltilr UNIlN
lngS Ihe margin # possible national savings
Is ut best small percentape of national earn
ings. Yet now. for these eleven years Govern.
lnent consumption has been larger pO't on #
the national earuIngs than the Whole OeOple can
pO Sibly save, even in pros porous times, fOr all
new investments
the cons duences of these errors nre n present
pubic caInin ty but they were never doubtful
never iuviSluIe they were ucGess Iry and ineV'-
tsOle, and We're tOreseen aud depicted when the
waves OF thHt uCIinOuS prosperity ran Ii CHEST
IN speech made uy me on the 2lth OF Septem.
Der, ISIS, II was said Ol tnrse taxes; "lhuy bear
hravil upon every mans income, upon every
Industry and every business III the co ntrv, aud
year b year they are destined to press still
more heavily unless we arrest the system chat
= vcS rise to them 1t WIS cumparat vey easy
WLen NaIueS were dOub ing unGer repeated Is
sues Dl legal tenuer paper money to nay cut Of
The II 9th of our growing aud apparent wealth
the~r taxes, but when values reGede and sink
towards tneir natural scale the tag Catherers
tnAS from us not Only o II income, nor only our
mynts, OUT arc portion OF our fital. / do
not WI II TO cXagge. ate or alarm / simply say
lhlt We ttltlOl uHDiu tllC COSTLY emu IulnOuS
poHcS OF Ihe radical majority of uongres We
ClnaUi hff Il that policy towards the South
we cdnnOl afford the magnificent amt Oppressive
cehtl l-lh lLtO winch our Government is Uelng
converted; We cannot affDrd the present mag
innocent scale Of taxation" To the Secretary of
tie TIeaSur, 1 said early IN 1865 '"There IS no
fuyat road for government mOIe than for an
nlNldlHl or Il CORPORATION. What you want tp
GO new Is to cut DOWN your expenses aud live
"ithlh YOUR income. won give al the H..
&c Ce mann of huHncu a d ilnunCie ing / would
We tht "lorc NJ 1t iOr the o.d family maNlm
ave within OuI iuCOme'"
his rtt rn will be resisted at every stcp. but
II hidSl re uies ed Ber,lstentIt. We see to-day
tle lWmi dnte LpresenlNtives OF the pCope in
one Diuuc.i II Con ress, whIe Struggling TO re-
utce expenditures compelled tO confront the
ilcnlh, e O the ~enTto ana the ltXeCutlve, that
unless the ol1ectOhanlh appropriations be CON
sentcu 70, Jne OperHGOns Of the government
hereunder snail suffer detriment or cease In
lny Judgment, an amendment to the COHstltu
llon onsht to be devised, separating Iuto dis
tlhct bnls the appropriations iOr the various de-
puftmehtS or the pune service, ana excluding
uum Ch Dill the appropriations lOr other OBJ
jcCtN ana ndcDUndcnJ CnSlRtion.
In That way alone can the revisOTV power Of
each Ul the two Houses ana Uf the Executive
be preserved and exempt from the moral 0urcss
which often COmpals Hsscut to OnieCti Inable ap-
popriutOns ra,her than stop the wheels of tue
Government
THE SOUTH.
An accessory cause enhancing the distress in
business Is % De found i'll the systematic and IN
suppOr aDle mIsgOveTnmcnt imposed on the
Sta5eA of the south. Besides the ordinary ef
feet Of Ignorant anu dishonest administration, It
has nflic,cd upon them enormous issues of
la Idulent bonds, the scantY avallS Of which
wrre wasted or stolen, ana the existence of
winch Is a public dlscredlt, tending to bank
ruptcy or reputation. Taxes ge lCrnllv uppres.
sVe, III some instances, have cOLtiscatei thr en-
IRE income OF property, and totally destroyed
lis marketable Value. 1t is impossible that
these ev should not react upon tne prosperity
Of the Whole country.
The nODler motives Of humanity concur with
the material interests of n ! IN requiring tnat
every obstacle he removed to a com pete ana
our bic reconciliation between kiudted pOpula-
TONS, ouce unnalurally estrangcd on the basis
recognized by he st. Lon = platform of The
: Constitution of tne United states, with lls
amendments universally accepted as tiuGl
settlement OF the cOntrOv Crsis which engendCr-
ca clvIl war :" but III uld OF result 80 bench
cent, the moral influence of every gOOn citizen,
a. wei as every governmental author lty ought
t) he eXeried not alone Ia mfintaln Their Just
equaity before the law, but lkewiseLo estab-
han cordial fraternity aud Goodwin among
CT zens whatever their race or oolor who are
now united in the one destiny Of a common self.
government. If the duty shat he assigned to
me, should not tal to exercise the powers
with winch tho la and The Constitution of
oar country c!Othe its tmef haEi'traie 20 pro-
tect al iCs citizens, whatever their tOrIner CON
GItiOn, III every political anu personal right.
CURRENCY REFOkM
Reform is necessary" declares the ST. Louis
Convention, to establish n sound currency re-
store the uu1lic credit aud MAINTAIN the naJi0n-
system OF preparat on Dy public economies OV
official retrruChmeuts ami by wise finance,
whole world Ot It's perfect ability ana lis perfect
readiness u NEE! any OF it, promises Nt the call
of the creditor entitled 20 payment The ODiec6
demanded BY the Convention ia n resumOtiOn
of specie payments on the legal tender notes of
the United State. That would not only re
store the public credit" ana mantain the
natiOuai honor, bur it would 'esta0lisl sound
currehcv" Tor the people The methods Ov
which this object Is TO G pursued ana tne meenS
by wAich it is to ne attGi ned are disclosed by
what the Convention demanded Tor the GuCure
anu Oy what 1t denounced IN the past
BANK NOTE RESUMPTION
ResumpnonSof specie payments by the Gov
ernment ot the Uuiled StateS on itS legal en-
der notes would establish specie payments ny
all the hanks on all their notes The 1lhtal
sLatemVn, made on the 18th Of May shows that
the amount OF the Oank notes vas 600 ,jP,
ess 2DO'0UOO held by themselves against tnr~o
2Sn, 90 0Jl of uOtes, The banks nelh lllhn,WO
Of lcgal.tendcr uOyas or little more than 81 per
cent. of their amount. But they ul,D held on
de post III the fedora Treasury, us security Tor !
these mites bonds OF the United States wort /
in gold about 36O.O0UOOU, avaiiuule mil current
in all the fore gn money msrket5
In Tesuming, the hanks, even II II were pos (
shle fOr all their notes 10 be presented l1r pay.
ment. would have some 800 OU, 100 or snecle 10
paw SZsOOOi,0uO OF notes without cCntraoIne
their locus TO their customers or calling on ny
private dcutuIs for payment. suspended bnhes ,
20 resume have usually been uuilS-
uu 90 cUi Get nom neuOY bon over" the means +
10 TciCoW excessive ISSUES agn 10 plONlue it- .
- rNF-. a so UH IlHt ni distress Il mere .
frIt often as-0 is td Tth N process 1lrrS 'hH-
..u. Uut tIu s..ai lH,F WUHu r.H."i '..i Cos
"a Iuuss tH.Nt. 'p 'trts nu n.I ".t..s lNN