The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-08-05

,r-,TIu\-EEfORMS IN PUBLIC EAfEHSE-
.-lvg WITHIN YOUR INCOME, THE True
...,,-rrIr-rK0TECTION TO ALL CITIZENS
.r,EyrEp-nESuMrTIoN OF SrECIE-PAT-
.,.x~s-TIiE lEGAL-TENDERS-THElR POSI-
MONT OF CURRENCY NEEDED
a,nrrf, TINE roR observation-disclosures IN
-,,. ti ,TroEv--CIvIL SERyICE-THE HOPES
,, 7ay NlTfON---THE PRESENT AND TIE
ylrlEE.
Ery NuEK. August 1.-THE following Is
c,y.rnor Tildcn'S letter OF acceptance:
inrry Iuly 81. 1S1G.- Gentlemen: When
had the honor TO receive personal de-
I;,..-, - YOUR letter on behalf OF the Demo
,-.tf, National Convention, held on the 2Sth
q. Iuac ut 81. Louis, advising me OF my
,.-u;nation a> the candidate Of the con-
....u,rcv represented by that body
:a- the office oi President OF the
United States. answered that at my
cgr;r>t convenience. and in conformity
viii. USAGE. | would prepare and transmit
v,u :. formal acceptance. now avail my
,fry u the first interval and unavoidable oc-
crnq-,on, to fulfil that engagement. The
Convention. before making its nomination,
:,G,ptcd a declaration OF principles, which,
whole, seems 10 me TO be a wise expo
,iiion oi the necessities VI our country and
Of the reforms needed to bring back the
Government 10 lis true functions; to re-
store purity OF administration, and to re-
urw the PROSPERITY of the people; but some
q thr,. reforms are so urgent that they
claim more than pa>>in" approval.
Reform in Public Expense.
The necessity oi reform in the scale OF
public cxpcn>c-Fcdcral, State, and muni-
n ripal-and in the modes Of Federal taxa
ton. iu>tiiics all the prominence given to it
in the declaration OF the st. Louis COnven-
ton. The present depression in all the bu-
SincsS and industries OF the people, which
j dcprying labor OF its employment and
carving want into so many homes, has its
PRINCIPAL cause il excessive governmental
rou>umption under the illusions OF 4 spe-
ciouS prosperity cngcndcrcd by the false
policies OF the Federal Government. \
waste oi capital has been going on ever
since the peace Of 1865 which could only
end in universal disaster. The Federal
take, ~ I'll" last eleven years reach the
gigantic sum Of forty-Ivc hundred millions.
Local taxation has amounted to two thirds
i
les than scyenty-iiyc hundred millions.
Tins enormous taxation followed civil
conflict that has greatly impaired
our aggregate wealth, and had made
:. prompt reduction OF expense In
q di>;,rnsahlc. Ii was aggravated by most
uu>rjcntitic and il-adiust modes OF taxa
tiun that increased the sacrifices OF the peO-
4 pie far beyond the receipts OF the treasury.
y Il was aggravated, moreover, by financial
a policy which tended TO diminish the energy,
II skill. and economy Of production, and the
q frUgaity OF private consumption, and in
q ducrd miscalculation in business and
q an unrcmuncrativc Use OF capital and
a labor. Even in prosperous times the
q daily wants OF industrious communities
4 press closely upon their daily earnings. The
margin Of possible national savings Is at
q best a small percentage Of the national earn
4 iugs; Yet now for these eleven years gov
a crnmental consumption has been Il larger
y portion OF the national earnings than the
4 whole people can possibly save, even in
A prosperous times, for all new investments.
III The consequences OF these errors are now q
II present public calamity, but they were
4 never doubtful, never invisible; they were
E necessary and inevitable, and were seen and
e depicted when the waves OF that fictitious
Is PROSPERITY ran highest. In speech made
@ by mc on the oath OF September, 1865, it
So VAS Kid OF these taxes:
IA They bear heavily upon every mans
sd !Ecemc, upon every industry and every
S# haslncss in the country; and year by year
"a hey are destined TO press still more heavily
s& Unless We arrest the system that gives rise
sE8 70 them. 1t was comparatively easy when
- '.ueS We're doubling under repeated issues
9ss "i ic.a-t"nder paper money to pay out OF the
Ig4 !otN ot our growing and apparent wealth
|s8 'i'.>r taxes. but when values recedc and
5| S'hh toward their natural scale the tax
}% r"'hrrcf takes from us not only our income,
NJ ""t ohly our profits, but also 4 portion OF
Nj OUT capital. do not wish to eXaggerate or
alarm. simply say that we cannot afford
4 'Ht costly and rlunous policy OF the Radical
MAJORITY OF Congress; we cannot afford
'nat pollcy towards the South; we cannot
a "Ht[d the magnificent and oppressive CEN
q ""i!Sin INTO which our Government is being
"a converted; We cannot afford the present
81 A.ASniccnt scale OF taXation.'
# 10 the Secretary Of the Treasury / said.
"a N!rlI IN 1850, there was no roval road for
M government more than for IN indlyid-
81 a1I or corporation. What you want to do
IA now Is 10 cut down your expenses and live
sa within your income. would give all the
# ie5crdeinain OF finance and tinanciering, |
"A would give the whole Of it, for the old
sA hoincIy maxim. Live within your income"
W Ai> reform will be resisted ut every step,
I'd 'Ht Il must depressed persistently. We see
~ '-uay the Immediate representatives OF the
# .e"pie in one branch OF Congress, while
III NrAs"ing 10 reduce expenditures,
compelled TO confront the menace
81 VI the Senate and the Executive
n lat unless the Objectionable appropriations
n u consented to the operations Of the Gov
"hnent hereunder shall suffer detriment
81 cease. In my judgment an amendment
81 The Constitution ought to be devised
d iniating into distinct bills the appropria-
81 ~ns Tor the various departments OF the
!S'iic service, and excluding from each bill
Ia :" appropriations for other objects and all
@ =, ,.iependent legislation. In that way alone
~, revisory power OF each OF the
E@ houses and of the Executive may
8 yreseved and exempted from the moral
M ir,,tss it's which often compels assent to OBJ
8L'phai appropriations rather than stop
M .n., "Acels OF Government. The South, an
G"';;ssory cause enhancing the distress in
Es,1h, E'4I'lrS', Is 10 be found in the systematic
E,a uhstpportable misgoyernment imposed
Gm lne States Of the South. Besides the or
nh u