The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1876-08-06
The Two Distinguished Governors
in Perfect Accord with Each
Other and with the st.
Louis Platform.
A Display Of Patriotism and States
manship that will Cause
Honest Men to
Rejoice.
Reform, Retrenchment and a Ra-
tiOnaI Process of Resump-
ton deliberately Con-
sidered.

SARATOGA, n. y, August 1.-THE fol-
lowing is Tilden's letter of acceptance
ALBANY, July 3l.-GENTLEMEN: When
| had the honor to receive the personal
delivery of your letter on behalf OF the
| Democratic National Convention, held
| on the 9th OF June, at st. Louis, advis-
| ing me OF my nomination as the candi-
date of the constituency represented by
| that body tor the office of president of
| the United States, | answered that at my
earliest convenience, and in conformity
with usage. | would prepare and trans
nit to you formal acceptance. now
avail myself OF the first interval in I'M
| avoidable occupations to fulfill the en-
| gagement. The convention, before max
| ing its nomination, adopted "a declaration
of principles. which as whole seems
to me wise position on the necessities of
our country. and of the reforms needed
! TO bring back the government TO its true
functions; to restole the purity of the
administration, and to renew the pros
perity of the people. But some of these
reforms are so urgent that they claim
more than passing approval. The ne
cessity of reform in the scale of public
expense, federal, state and municipal,
and in the modes of federal taxation, JUS
titles all the prominence given
to it in the declaration of the
st. Louis Convention. The de-
preston in all BUSINESS and in
dustries of the people, which is depriving
labor of its employment and carrying
want into so many homes, has its princi
pal cause in excessive governmental con-
sumption consumption under illusions
OF suspicious prosperity, engendered by
| false policies of federal government. a
| Ia nj nunif al hos hnep unin0
since the peace of 1865, which could only
end in universal disaster. The federal
taxes of the last eleven years reach the
gigantic sum of 81, 800, 900 600, Local
!. taxation has amounted TO two-thrds as
much more. The vast aggregate is not
} less than 50 0,000.000. This enormous
: taxation followed a civil conflict that
had greatly impaired our aggregate
wealth, and had made prompt reduc-
ton of expenses Indispensable. 1t was
aggravated by most unscientiiic and i'll.
adjusted methods of taxation that in
creased the sacrifices of the people far
beyond the receipts of the treasury. II
1 was aggravated moreover by financial
. policy which tended to diminish the en-
. ergy, skill and economy of production
and the trugality OF private consumption
u and induced miscalculation i'll business
. and the unrenumeratiye use of capital
+ and labor. Even in prosperous times the
daily wants of industrious communities
press closely upon their daily earnings.
e National savings is, at best, small per.
4 centage of National earnings; yet now
: tor these eleven years governmental con-
sumption has been a larger portion OF
national earnings than the whole people
5 can possibly save even in pros.
a porous times, for all new invest
: ments. The consequences OF these
errors are now present
: public calamity, but they were ne ver
e doubtful, never invisible. They were
\ necessary and inevitable, aud were fore.
, seen and depicted when the waves of that
,, fictitious prosperity ran highest. In a
| speech made by me on the 2irh Of Sep
TENDER, 1858, it was SAID ri these taxes
r They bear heavily upon every mans
income. upon every industry and
in every business in the coun-
try. and. year by year, they are des-
tined 10 press still more heavily, unless
we arrest the system that gives rise
TO them. 1t was comparatively easy
when values were doubling under re-
peated issues OF legal-tender paper money
to pay out OF the growth Of our growing
and apparent wealth these taxes. but
| when values reccde and sink towards
their natural scale the tax-gatherer takes
from Us not only our income. not only
our profits, but also a portion of our
capital. ! do not wish 10 exaggerate or
alarm. | simply say that We cannot
afford the costly and rulnous policy OF
the Radical majority Of congress We can
not afford that policy towards the south;
we can not afford the magnificent aad
oppressive ccntralism into which our
government Is being CONVEX ted We cam
not afford the present magnificent scale
OF taxation To the secretary OF the
treasury said carly in 1865 there Is no
royal road for government more than
Tor an individual or a corporation. What
| YOU want TO do now l. 10 cut down your
expenses and live within your income.
| would give all the legerdenain OF
finance and linanciering. | would give
the whole OF 1t for the Old homely
maxim, "Liye within your income"
This reform will be resisted at every
step, but IL must be pressed persistently
We see to-day the immediate represen-
tatives of the people In one branch OF
congress, while struggling TO reduce the
expenditures, compelled 10 con-
front the menace OF the SEN
ate and executive that. unless
Objectionable appropriations be consented
TO, the operations OF the government
Hereunder shall suffer detriment or
cease. In my judgment an amendment
Of the constitution ought TO be raised,
separating into distinct bills appro-
priations for the various departments for
the public service. and excluding from
each bill all appropriations for other OBJ
jects and all independent legislation. In
that way alone can every power OF each
Of the two houses and OF the executive be
preserved and exempted from moral
durass, which often compels assent TO
Objectionable appropriations rather than
stop the wheels OF government. An ac-
cessary cause enhancing distress in BUSH
ness is to be found In the systematic aud
insupportabIc government imposed on
the states OF the south, besides the ordin-
airy effect OF ignorant and dishonest ad-
ministrations. 1t has inflicted upon them
enormous issues OF fraudulent bonds, the
scanty ayails OF which were wasted or