New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-08-08
MR.. TILDEN ON FINANCE,

views of Mr.. Tilden. They seem first to
condemn the Federal expenditures since
1865. He does not, with Mr.. Salisbury,
take in the war waste as constituting a
part of Republican responsibility. Mr..
Tilden, however, does not seem to admit
that any enhanced expenditure should
have followed the war. He stood by
watching the inevitable expense attend
ing the close of conflict in which he had
stood neutral, and at the earliest moment
demanded that those who conducted the
war should be cast out, for having met its
obligations. He has Jumped the aggre-
gate taxation since the acdr at seventy
five hundred millions Of dollars" cur
rency. Of this extravagant estimate a
principal item has been the interest of
the war debt. This has cost, with the in
cidental expense of placing specie inter-
est at home and abroad, more than two
thousand m illions Of dollars. 1t was then
necessary to provide for the restoration of
government in eleven States, whose citi-
zens had been DISTINGUISHED by laws of
Congress.
Troops were called for by the authori-
ties of these States, and the whole cost Of
the restoration fell upon the only govern
ment which could pay. The government,
moreover, during and after the war, built
a navy appropriate to the character of a
conflict in our own bays, harbors and
rivers Were the vessels constructed for
this purpose to have been dismantled
even before the act of restoration had been
executed? Congress, during and since
the war, has built one Northern national
railroad and commenced another. Of the
benefits of all this expenditure, MIR.
Tilden and Wall street have derived the
chief, almost the exclusive, advantages.
Neither he nor his money changing consti-
tuents have said word or raised the
slightest objection. New York has taken
this profit. No contract for food, arms,
clothing, transportation OF medical aid to
the federal army was ever granted by a
Congress without q New
Yorker, we may almost say New York
Democrat, having percentage in the
gains. Not an expedition was fitted out
against the South that its construction.
supply and armament WAS not conducted
through New York. Not loan was ne
gotiated that the m oney changers of Wall
street did not grease their fingers with.
Not bale of cotton ever ran the blockade
of sea or river that the New York constitu-
ents of Mr.. Tilden were not directly or
indirectly interested in the proceeds. It
would seem little ungrateful, then, on
the part of the money changers Of New
York, whom Mr.. Tilden would propitiate
and protect, to put in their pockets such
large fortunes as that with which Mr.. Til
den is accredited, and denounce the neces.
sites of the nation by hich they have been
the chief to profit.
But Mr.. Tilden must have seen that the
Democratic city Of New York was as badly
as any human community
could have been. He must have known
that the Democratic gang who created in
definite millions of city debt had not the
excuse of saving the life Of the State.
Why does he not intervene and oppose
hat increasing waste at home? If he
possesses the capacity to meet the national
debt without taxation and sustain the
gold par of the national currency, why
has he not effected similar economy and
reform in New York?
Mr.. Tilden is not sincere in his profess
sions Of public virtue. He is quack
pretender to power to cure derange-
ment of the national finances brought on
by the violent struggle for national exist
ence. He now charges the Republican
party with having made no provisions to
meet the resumption of 1879. We pass
over the fact that the Democracy have
1ad possession of the appropriations for
he present term, at which the Repub-
leans must have commenced to carry out
he resumption orders Of 1875. Mr.. Til
len limits resumption to the legal tender
notes, amounting, with the fractional cur
.ency, to some four hundred million of
dollars. He says he could resume very
soon upon the national resources pro-
vided by the Republican revenue laws,
which, by tie way, the Democracy has
never changed.
Take Mr.. Tilden's arraignment of the
party for the war debt and
its consequences, and his empirical pro-
posal to redeem the currency-his charge
that the Republican party have done
nothing to prepare tor resumption, when
they have not had the control of the reve-
nue. laws-sirce the order Of resump-
tion-snd we have never seen q more
malevolent, insinuous and unjust assault
upon political opponent than Mr.. Til
den has chose to make upon the war debt
Of the nation and the efforts of the Re-
publican party to sustain the credit and
restore the peace of the nation.
TUT ppOTprTTnN m cr1cAp ,Nn prrT