The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-03
4. f,o,;,, M ii ]. ~. Danief.

.sss Eexters from Ma 0F u DANIEL
"a LYScHBUno. September 2, 1873.
10 me Eaters Of The dispatch;
NV Dear Eirs, The idea which your Jour-.
mi seems to have irnbibed from another
tfIat propose toSbolt the CONSERVATIVE
convention ab0utsto be neio 10
nominate n candidate for Congress is alto
gether erroneous. s5.
There was "a conflict OF opinion 10 our
mass. meeting. which elected delegates 70
that convention upon the question OF pat
form. Some very few, however, conteno-
ed that it was reflection on the repre-
sentative. and might, to use their express
sion. /" hamper. him." My response Was
,i.at this was peoples Government; tilat, as
Alien Thurman said at Hamilton on huSus1
18th. ii was .tfor. the people to give the key
note,n and that representative VINO Wouiu
not stand on the platform propounaed ny
his constituents ought to stand OH. l NC
representative is made for the peop'e-n1,ol
the people for the representative. 1ne
mountain ought not to go to Mahome'' an u
won't 90. II Mahomet will not come 10 !, |,
he has the right to stay away. MeitneE uiq =
I assail or propose TO assail Mr. iucheI. !
commended that all OF the prlncipies enuhoi-
ated in the resolutions o1ered, Out one:
were in accordance with tue deciaratohs Va
his recent letter, and that one III acc9iuans.
with its spirit. Sol still believe. never
have bolted. and unless on matter OF con'
science never will bolt.
II thepeople, by themselves or thelr uele .
gates, decline to adopt my views, l mus.
Weld to theirs. Ii they concur, presume
Mr.. Tucker Will yield to them or decline 10
take a representative position when he
cannot Gil. But l have no idea OF such
result. 7 believe Mr.. Tucker Is WIN US
eypcct to vote for him-and nope 10 sec
him triumphantly elected on the Greehoach
II has been said by an opponent OF my
viaIvs that am myself an aspirant for MT:
fuckers place. This is utterly untrue. i
shoII not under any circumstances be can
didate. .,,,. on,
nor. for irredeemable paper money. When
a national.bank note for ten dollars IS worth
rem dollars, and ten trade-1ollars in silver OF
400 grains each are worth only nine dollars
and such is now the case-how far we are
from irrdeemability is obvious. we neeu
more money for the reason that we pay an
nuaIiy $3.50 in taxes per capita, ana ha'e
only SD per capita in currency. fl',itc
has three dollars in currency for every do'-
lar of taxes per capita, and both England
and Germany over two dollars Tor every
dollar OF taxes to be paid. The Ohitea
States has only siXty-six cents for every aoi-
lar OF taxes TO be paid. ,
Specie- ought to be deferred
until # comes naturally-that Is, until our
commerce, agriculture, mining ana INC,
chauical enterprises produce the soiu ana
silver wherewthal to resume. IL shoulu
ii ~ n
not be forced by sale OF bonds ana lhcrease
OF the national debt, as IS now proposeu.
The United States shipped abroad 1or inc
wear ending June 80, 1873. seVenty,t"o nlll-
lions OF coin and bullion more IMAM they
received from abroad; IN 1876, lofly-one
millions more than was returned; III 1871,
sixteen millions more. NOW, u Is obvious
that until the current Oh specie loWs 70 ih-
stead Of from this country sPeclc-reSuhlp-
ton, il attempted, will soon 1ail, ana tiiat
we must wait TO resume until the balance Oh
trade in our favor ouer-6aldnceS the volume
Of the out-lowing stream which goes to
pay our debts and bear our expenses IN the
Old World. ....
How long this will take none can exactly
tell. In the language OF President-elect
TiIden in bis letter accepting the Dcmo-
cratic nomination: "The proper time is
the time when wise preparations shall have
riDeued into perfect ability TO accomplish
the object with certainty and ease that
will inspire confidence and encourage the
reyiving of business. Inc Spccllc
measures and the actual date are matters OF
detail having reference to eyer-changing
conditions. The captain OF steamer about
starting from New York to Liverpool does
not assemble a council over his ocean chart
and fix an angle by which to lash the rud-
der for the whole voyage. \ human intel
igcnce must be at the helm to discern the
shifting forces OF the waters and the winds.
\ human hand must be on the helm to feel
the clements day by day, and guide to Il
mastery over them. 49,. ".
Preparations for resumption arc every
thing. Without them legislative CON-
mand fixing a day, an official promise flX-
inc q day. are shams. They are worse
they are snare and Il delusion to all who
trust them. They destroy all confidence
among thoughtful men, whose Judgment
will at last sway public opinion.
I" An attempt to act on such command,
on such promise, without preparation,
1could end in q ne,c suspension. 1t would
be u fresh calamity, prolific OF confusion,
di>trllst, and distress"
These words, Mcssrs. Editors. are preg-
nant with wisdom; and coming from hard
money New York remarkable. They reveal
the statesman, in my humble opinion. And
with oIr. Tllden l entirely concur. The
Democratic platform and the Democratic
Congress stood on the same ground.
With our greenback currency expanded
to meet the demands OF business, and made
esal tender for all dues, the lcg;l.tender
capacity will counteract expansion, just as
it did in the case OF silver. When Euro
pean geld comes to America, instead OF
American gold continuing to flow to
Europe, resumption will come Of itself by
natural laws. 70 force it regardless OF cir
cunstanccs, and with the meagrc prepara-
tons already made, will entail fresh hard
ship, still further impair confidence, in.
crease the paralysis Of business, and set us
still further back from the consummation
$50 devoutIy TO he wished"
Pardon the length OF my letter. The
subject, so far as it relates to finance, is ABB
sorbing, and cannot be too freely or too
calmly debated.
With great respect, yours most truly,
JOHN w. DANIEL.
CAPTAIN EADs INVITED TO BRAZ!L.-Thc