The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-18
TILDEN'S GRAND COMBINATION.
THE PENNSYLVANIA RAILROAD TO
CARRY ON TILDEN'S CLAIM
TO THE PRESIDENCY.
Few Needy Carpct-Bag senators to b
bought Over 10 this Enterprise.
lGath in Cincinnati Enquirer.1

to go to Europe last Saturday, and had
as suddenly returned to the Presiden
tial contest, where it is opened in Lou
isiana.
My informant said There Is no tell
ing when he may change his mind
again. But 1t looks to me just now, az
IL the Pennsylvania interest had taken
i hold OF Tilden-the railroad as we'll as
/ the political interests there-and meant
to combine the Presidential question,
the subsidy question, and, perhaps. The
Mexican question, In desperate effort
to turn the tide of business and save
| the skeleton OF corporate investment.
Tilden is stopping at the Pennsylvania
Railroad resort, where Scott and the
Pennsylvania Railroad magDates spend
the summer and communicate with
every section of the country. This
year will be devastating one to specu-
lative interests of all kinds, unless the
government credit can be seized, both
for an increase of currency land re-
treat from resumption) and for the
bonded support Of Big interests like the
Texas Pacific, There are millions at
stake and hundreds OF fortunes Id the
fate OF these speeulations, and there is
no time to make public opinion, or cajole
the press. or subsidize Congress. Bold,
rapid work Is now needed, and Hayes is
not to be depended on for any financial
| liberality. The Texas Pacific interest
was for Tilden during all the campaign |;
| 1t was for that reason that Jay Gould
put down his $4,000 to elect Hayes.
Fully understanding Mr.. Tilden, aware
OF the slender majority by which the
Senate is held to Hayes. and knowing
every man there and his price, do you
think it would be hard TO revolutionize
n In fxxr hu he
railroad interest should put up the
capital, take the responsibility, and do
the heavy work, which Tilden is too ir-
resolute to do? He Is already identified
with the Pennsylvania lines, which are
not wholly independent Of the fate of
the Texas interests. Tilden acquired the
Fort Wayne Railroad for the Pennsyl-
vania Company. In the Senate are
several men, now Republicans, whose
political career has passed and who are
poor; yet they have two or three years
apiece to keep their seats. Among these
are John Patterson, OF Pennsylvania;
George Spencer, who acquired the Mem
phis and Charleston Railroad for Col.
Dorsey, who has been in the Arkansas
railroads, and Mr.. Bruce, the colored
Senator from Mississippi. only men,
ton these names to show you that
there are some disguised, reserltful land
poor) men In the Senate, and at some
of them the Republican press, led by
Jay Gould's newspaper, is continually
poking unnecessary taunts. For exam
pie, Spencer, who went to the Black
Hills to make q living, and wrote four
lines OF an official dispatch on the
Indian dangers. was maligned and
made funny, as If he had no place of ref
incensed and without the feeling Of
responsibility. They regard themselves
as abandoned by the Republican party.
At such time of disgust nothing but
self-interest binds them to support
Hayes. Ii that self-interest be address
ed bysthe subsidy.interest, can it be
relied upon? Well, here is the argu-
ment:
''The country is down in q rut of pov-
erty. Hayes is not big and worldly
enough to grasp it. We are doomed to
three years and half of slow, plodding,
amateur, petty reform policy, all to be
bya Democratic victory In
$780,. Now, II you throw out Hayes and
put in Tilden we shall have q wholly
material policy. We will finish the
Southern Railroad to California and
take a big strip of Mexico, and en-
ploy the energies Of our surplus popu-
!ation, particularly in the South,
In warlike pursuits, construction |
and emigration. If this will not
answer, we will oblige Mr.. Blaine. and |
take part Of Canada as well; and IL |
England doesn't like it. we can attack
her commerce and divide her maritime
empire. Here are all the energies
ready for war Idle and costly machine
ry, unemployed multitudes, great me-
chanlcal ingenuity and war In Europe
10. occupy them fully and give us the
whole field. Our policy can be what we
please. Ii we fail, the Republicans will
electa President in 1880. If we succeed
there will be only one party in the
country. and the past will drop out of
light. We have a little pool of million
Or 80, and will let you in n!''
remarked on this that it appeared to
De merely speculative, like any other
eccentric theory which would expand
under the fears and the fancy to be o
gorgeous piece Of policy. We had q
happy country, for all its relative de-
cline, and would not throw it away in a
wicked revolt against natural reverses
md pressing calamity.
''That would have been true twelve
years ago." said my associate. "but
since that time the growth of corporate
power, associated with legislation, has
1een disastrous to mere public opinion.
Japital works directly upon the Legis-
ature, and never is SO we'll paid as in
ts investment there. The legislator
las become dependent on schemes and
'ubsidies he is poor to-day, and look
ng for purchaser, like a shipwrecked
nan for sail. It is not in the nature
IT capital to hesitate at anything to
ave itself. If you look up and
iown the horizon you will only
zee one chance of business
evival and that is in the use of the
public credit, large public works and
developments along their line The
wo big constructions Of the day are the
Texas Pacific Railroad and its Central
Pacific connection, and the mutual out
ct into Mexico, where are valuable
mines, herd-lands, etc. The Central ,
Pacific Railroad has had an important
gency in legislation. 1t is no secret, I
1lpaocn thof If ri 1