Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-08-06
EASTERN DISPATC HE'S,
~ overland Telegraph.
[sPECIAT. TO THE DAILY sRNTfNE Ell.


Tilden's Letter Of Aceeptance.
NEW York, Aug. 4.
The following Is Governor Tilden's
letter accepting the nomination OF the
National Democratic Convention for
President of the United States:
ALBANY, July 81.
GentLcmen-When I had the honor
to receive the personal delivery of your
letter on behalf Of the National Demo-
cratic Convention, advising me of my
| nomination as Q candidate Of the con.
stituency represented by that body for
the Office of President OF the United
States, 1 answered that, ct my earliest
convenience, and in conformity with
usuage, l would prepare and transmit
to YOU my acceptance. / now avail
myself of the first interval In my un-
avoidable occupations to fulfill that en-
| gagement. The convention, before
making Its nominations, adopted a dec
laratiOn of principles which, as a
whole, seems to me a wise exposition
of the necessities of our country, and
of reforms needed to bring back the
Government to its true functions; to
restore the purity OF the Administra-
ton, and to renew the prosperity of the
people. Necessity of reform in public
expenses, Federal, State and munici.
pal, and in the mode OF Federal taxa
ton, justified all the prominence given
to it in the declaration of the st. Louis
Convention. The present depression
in all the business and industries OF
the people, which Is depriving labor OF
its employment and carrying want into
many homes, has its principal cause in
excessive Government consumption,
under the illusion of specious prosper
ity. Engendered by the false policy of
the Federal Governments waste ofcap-
ital has been going en- eye since 1865,
which could only end in universal dis
aster. Federal taxes, for the last
eleven years, reach the gigantic sum OF
$3.50 ,OOO, 900; and local taxation has
amounted to two-thirds as much more.
This enormous taxation, which fol-
lowed the civil conflict, has greatly i'm.
paired our aggregate wealth and has
made a prompt reduction of expenses
indispensable. 1t was aggravated by
the most ~unscientific and ill-ad-
justed methods of taxation that in.
creased the sacrifices Of the pso.
| pie far beyond the receipts of the
Treasury. For IL years theG~ Government
| consumption has been larger than the
national earnings, larger than the
whole people could possibly save
even in prosperous times. The
consequences of these errors are
now q public calamity, but
they were never doubtful, never invisi-
BILE; they were necessary and inev-
table and were foreseen and depicted
when the waves of prosperity run
highest. 1t was quite easy when the
values were doubling under repeated
issues of legal tender paper money to
pay these taxes, but when values re-
cede and sink toward their natural
scale the tax gatherer takes from US
not only our income, not only our
profits, but also a portion of our CAPT
tai. / said to the Secretary of the
Treasury early In 1865, there Is not o
royal road for the Government more
than for an individual or corporation.
What you want to do now Is to cut
down your expenses and live within
your income. This reform will be re
sisted at every step, but it must bt
pressed persistently. In my Judgment
an amendment of the Constitution
ought to be devised separating into dis
tinct bills the appropriation from va.
rious departments Of public service
and excluding from each bill all ap'
preparations for other objects. In that
way alone can the revis0ry power Ol
each Of the two Houses aud the Exc,
cutive 10 preserved from moral dis
tress which often compels us to assent
to Objectionable appropriations. In
aid of q result SO beneficient, the moral
influence of all good citizens as well a.
of every Governmtnt authority, ought
to be exercised, not alone to maintain
their just equality before the law, but
likewise to establish q cordial frater.
nifty and good will among the citizens
of whatever q ce or color, who are
united In the one destiny Of common
self governnlent. II the duty should
be assigned to me, I should not fail to
exercise the powers with which the
laws of u country clothe It's CHIEF
magistrate, and to protect all Of ita
citizens, Whatever their former con.
ditiOn, In every political and
personal right. Reform is neces-
sary, declares the st. Louis Convention,
to establish sound currency, to restore
! public credit and maintain national
honor. The object demanded by the
convention Is resumption of specie
payments on the legal tender notes
of the United States; that would not
only restore the public credit but it
would establish sound currency for
the people. Resum ption of specie
49, - ~ - IA