The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1876-08-10
Henarick.,. Le,,er OF Acceptance.

WASHINGTON, August 5.-GovernJr Hen
bricks has published his letter of accept.
ance. On the financial question he says
.'Odr financial system of expenditures must
be- reformed. Gold and silver are the real
Standards of values, and our national cur.
rency will not be perfect medium of ex-
change until it shall be convertible at the
pleasure of the holder. As have hereto
fore said, no one desires a retnrn to specie
payments more earnestly than l but | do
not believe that it will or can be reached
in harmony with the interests of the
people by artificial measures for the
contraction of the currency any
more than l believe that wealth
and permanent prosperity can be Gre
ated by any initiation of the currency.
Tue laws of finance cannot be disregarded
with impuni.y. The financial policy of
the government if, indeed, it deserves
the name of policy at all. has been in dis
regard of those laws, and therefore has dis
turbed commercial and business confidence
us well as hindered return to specie pay
men s. One feature Of tue policy was the
resumption clause of the act of 1875, whcih
has embarrassed the country by the fiuctu-
alton of compulsory resumption fol-
which no preparation has been made,
and without any assurance that it could
or would be practicable. The repeal 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 disturbing and depressing
influence, and that return to specie pay
ments may be facilitated by substitution
of wiser and more prudent legislation,
which shall mainly rely upon judiclous
system of public economy and official re-
trenchment and, above all, on the promo
ti"n of prosperity in all the industries oi
the people. / do not understand the re
peal of the resumption clause o
the act of 1875 to be back
ward step in our return to specie pay
ments. Although the repeal may, for time
be prevented, yet the determination of the
Democratic party on this subject has been
distinctly declared. There should be nj
hindrance in the way of return to specie
payment. ''As such a hindrance, says the
platform of the St. Louis convention, 1--WE
denoui ce the resumption clause of the aci
of 1876, and demand its repeal"
thoroughly believe that by public econ
omy, by official retrenchments, and by wise
finance, enabling us to accumulate the pre-
cious metals, resumption at an early period
may be possible without producing an arti
| fical scarcity of currency, or disturbing
public or commercial credit, and that thes,
reforms, together with the restoration oi
pure government, will restore general con
tidence, encourage the useful investment Of
capiatl, furnish employment to labor, and
relieve the country from the paralysis Of
hard times. With industries of the peo
pie there have been frequent interferences
our platform truly says, many industrle,
have been impoverished to subsidize q few
our commerce has been legislated TO an in
ferior position on the high seas; rnanufac
tutes have been diminished; agriculture
has been embarrassed, and the distress o.
the industrial classes demands that ties,
things shall be reformed.
On the school and sectional questions
Mr.. Hendricks says: ''0f sectional conten
tions and in respect to our common schools
l have only this to say-that, in my judg
ment, the man or party that would involv,
our schools in political or sectarian contro
versy is an enemy to the schools. TIT
common schools are safer under the care o
the people than under any party or sect
| They must not be sectariap or partisan
neither must there be division or misap
preparation of funds for their support
Likewise l regard the maR who woul'
arouse or foster sectional animosities ant
antagonism among his countrymen a
a dangerous enemy TO his country
All - the people must be mad
10 feel and know that once NOR
there is established purpose and polio
under which citizens of every race and colo
will be secure in the enjoyment of whateve
rig hts the Constitution and laws declare o
encourage, and that in the coniroversie
that may arise the government Is not q pa
tisan, but within its constitutional authori
~ the just and powerful guardian Of tb
rights and safety Of all. The strife be
tween the sections and between races viii
ASS as soon as power Tor evil ts. = take Hsi
out of scenes OF violence and blpodshed
and the constitutional authority is places
| in the, hands of men where political wei
fare requires that peace end good orde
shall be provided everywhere"