The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-08-05
.TILDEN AND HENDRICKS.
Their Letters Of Acceptance
GOV. TILBEN'S LETTER.
ALBANY, July 81, 1875.

GENTLEMEN-When / had Inc Ronol
to receive the personal delivery of your
Illetter on behalf of the Democratic Ma
sional Convention, held on the 2sth Of
June, at St. Louis, advising me Of my
nomination as the candidate Of the con-
stituency represented by that body, fol-
the ofiess@ President of the United
States SasSered that at my earliest
convenience l would, in conformity "
usage, prepare and transmit 10 you a
formal acceptance. I now avail
myself of the first interval in my un.
avoidsble occupations to fulfil that en-.
gagement The Convention, before
making its nominations, adopted a
declaration of principles which, as
whole, seems to me full and
concise provision Of the necessities Of our
country, and of the reforms needed to
Bring Back the Government 10 ifs
rrue Functions;
to restore the purity OF the adminlstra-
ton, and to renew the prosperity of the
people; but some OF those reforms are so
urgent that they claim more than 8
passing approval. The necessity of re-
form in the scale of public expense, fed
eral, state and municipal, and in the
modes of federal taxation, justifies all the
prominence given Itin the declaration OF
the ST. Louis Convention. The present
depression in all the business and indus
tries of the people, which is depriving
labor of its employment and
Carrying Want Into 40 Many Homes,
has its principal cause IN the excessive
governmental consumption. Under illu-
sions of a specious prosperity, engender-
ed by false policies of the federal govern
ment, waste of capital has been going
on ever since the peace of 1865, which
could only end in universal disasters.
The federal taxes::of the last eleven years
reach the gigantic sum of four thousand
five hundred million dollars; local taxa
tions have amounted to two-thirds rs
much more, and the vast aggregate is not
less than seven thousand five hundred
millions. This enormous taxation fol-
lowed civil conflict that had vitality i'm
paired our aggregate wealth, and has
made prompt reduction of expenses in
dispensabe. 1t was aggravated by most
unscience and
II-AdJusted Methods or Taxat'ou,
that increased the finances of the people
far beyond the receipts OF the treasury;
it was aggregated, moreover, by fnan.
cial policy which tended to diminish
the energy and economy of prudential
and tn efrugality ofprivate consumption
and induced miscalculations in business
and an unremunerative use of capital and
labor. Even in prosperous times, the
daily wants of the industrious commu'
mites press closely upon their daily
earnings. The margin of possible
national savings is best rs small
as the percentage OF national
earnings; yet now, for these
eleven years, the government consump'
ton has been larger portion OF the
National earnings than the whole peo
pie can possibly save, even in prosperous
times. for all new investments. The
consequences of these errors are now
APresent Pubic Calamity,
but they were never doubtful, never in'
visible. They were necessary and inevi
table, and were foreseen and depicted
when the waves of that fictitious pros
perity ran the highest.
In speech made by me on the Atf
of September, 1868, it WAS said of these
taxes: They bear heavily upon every
mans income, upon every industry, anC
every business in the country, and yea
BY year they are destined to press still
more heavily
Unless We Arrest the System tha
Gives Rise TO Them.
1t was comparatively easy, when values
were doubling under the repeated issues
of legal tender paper money, to pay ou
of our growing and apparent wealth
these taxes, but when the values recedes
sinks towards their natural scale, the tax
gstherer takes from us, not only our in
come, not only our profits, but also
portion of our capital. do not wish Il
exacgerate or alarm; simply say tha
we cannot afford the
easily and Rninous Policy of thu
Radical Majority Of Congress.
We cannot afford that policy towards the
South; we cannot afford the magnificent
and oppressive Capitalization into which
our government is being converted; W
cannot afford the present magnihcen'
scale OF taxation.
To the Secretary OF the Treasury
said, early in 1865: There is no roys
road for q government more than for al
individual or corporation. What yo'
want 10 do now is 10 cut down your eh
penses and live within your income.
would give up sll legerdemain OF hnanc'
and fnsncieering. l would give th'
whole of it for the old homely maxim:
Live Within Your Ineeme.
! This reform may be resisted a. ever!
step. but it must be pressed persissentiy
We see to-day the immediate repre-
sen,atives of the people IN on