New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-08-06

Governor Hendricks Letter of Accept.
ance-fIis Views ON Finance.

Governor Hendricks Letter of Accept
ance-Ilis Views ON Finance.
WASHINGTON. August Ex-Governor Hen
bricks has published his letter. accepting
the nomination. Of the financial question
he says: Our financial system of expendi
lures must be reformed. Gold and silver
are the real standards Of values, and oul
national currency will not be perfect
medium of exch 'nge until it shall be con
vertible at the pleasure of the holder. A.
/ have heretofore said, no one desires re
turn to specie payments more earnestly
than l do but do not believe that it will
or can be reached, in harmony with the in
terest of the people, by artificial measures
for the contraction of the currency, any
more than believe that wealth or perma-
nent prosperity can be created by any in.
hation of the currency. The laws of
finance can not be disregarded with i'm
punity. The financial policy OF the gov
eminent, if indeed it deserves the name OF
policy at all, has been in disregard of those
laws, and therefore has disturbed CONNER
cial and business confidence, as well as
hipdered return to specie payments. One
feature of the policy was the resumption
clause of the act of 1875, which has embar-
raised the country by the fuctuation of
compulsory resumption, for which no pre-
paratiOn has been made, and without any
assurance that it would be practicable. The
repeal of that clause is necessary that the
natural operation Of tinar cial laws may be
restored, that the business of the country
may be relieved from it's disturbing and de-
pressing influence, and that return to
specie payments may be facilitated by the
substitution of wiser and more prudent
legislation, which shall mainly rely on ju.
dicious system Of public economies and
official retrenchments; and above all on
the promotion OF prosperity in all the in
dustries of the people.
do not understand the repeal Of the re-
sumption clause of the act of 1875 to be a
backward step in our return to specie pay
ments, but the retracing of a false step; and
although the repeal may for time be pre-.
vented, yet the determination Of the Demo
cratic party on this subject has been dis
tinctly declared. There should be no
hindrance put in the way Of return to
specie payments. As such hindrance,
says the platform Of the st. Louis conven-
ton, we denounce the resumption clause of
the act of 1875 and demand its repeal.
| thoroughly believe that by public
economy, by official retrenchments and by
wise finance, enabling us TO accumulate
the precious metals, resumption at an early
period is possible, without producing an
artificial scarcity of currency or disturbing
the public or commercial credit, and that
these reforms, together with the restora-
ton OF pure government, will restore gen
eral confidence, encourage the useful in
vestment Of capital, furnish employment to
labor end relieve the country from the
paralysis Of hard times.
With the industries of the people there
have been frequent interferences. Our
platform truly Gays that many interests
have been impoverished to subsidze few
Our commerce has been legislated to an In
e. 4, l., r,l
lures have been diminished, agriculture
been embarrassed, and the distress of the
industrial classes demands that these things
shall be reformed.
On the school and sectional questions
Mr.. Hendricks says:
u In respect to our common schools have
only this to say, that in my judgment the
man or party that would involve our
schools in political or sectarien controversy
is an enemy to the schools. The public
schools are safer under the protecting care
OF all the people than under the control of
any party or sect. They must be neither
sectarian nor partisan, and there must be
neither diversion or misrepresentation of the
funds tor their support
Likewise l regard the man who would
arouse or foster sectional animosties or an
tagonsms among his countrymsn as dan.
gerous enemy to his country. All the peo-
pie must be made to feel and know that
once more there is established purpose
and policy under which all citizens, Of eyery
condition, race and color, will be secure in
the enjoyment Of whatever rights the con.
stitution and laws declare or recognize,
and that in controversies that NAV
arise the government is not partisan
but within its constitutional authority the
just and powerful guardian OF the rights
and safety Of all. The strife between the
sections and races will cease as soon as the
pow er for evil is taken away from party
chat makes political gain out of scenes Of
violence and bioodshed, and the constitu-
1ional authority is placed in the hands Of
men whose political welfare requires that
peace and good older shall be preserved
everywhere.
Candidate for Governor of |
Indiana
INDIANAPOLIS, August 5.-The Hon. Ben |
amin Harrison, of this city, succeeds Orth |
y the Republican candidate for Governor
IF Indiana.
y Massachusetts, Republican State Con.
venti0n.
BOSTON, August 5.-The Re pu blican State
Icntra Committee to-day I0tsd to hold