Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-08-10

OF the nominee, and we come to the last can
vass, that made In 1876. which ended in the
Radicals, through the overshadowing power
/ of Grants bayonets, stealing the votes OF the
/ people Of louisiana and Florida, and inaug-
uratiug the, fraudulent administration OF
Hayes, which the AraIaaehe indorses, and
defends Mr. Tildeu has the credit OF being
a very wealthy man, a large bondholder, and
is said to hold views on financial questions
akin 10 those which were current before the
war. and baforo tue State banks were forced
TO give way 10 the national banks, or the ex-
isting greenback currency was dreamed OF.
But he yielded these views to the majority,
and accepted the nomination Of the National
Democratic party upon platform, which we
quote as follows:
We denounce the improyidence which in eleven
eral taxes thirteen times the whole am unit of the
legal tender notes. and squandered four times this
sum In useless expense, without accommodating any
reserve for their redemption.
We d-nounce the financial lmbecility and immor-
aty OF that party which during eleven years OF peace,
has made no advance toward resumption; which, in
stead has obstructed resumption by wasting our re-
sources and eXhausting all our surplus income, and
while annually protesting TO intend speedy return
70 specie payments, has annually enacted fresh hin
denounce the resumption clause OF the act
OF 1875, and We hereby demand its repeal
We demand iudicious system OF preparation by
public economies by official retrenchments and by
wise finance which shall enable the nation soon TO
assure the whole world OF its perfect ability and its
perfect readiness 10 meet any OF its promises at the
call of the creditors entitled to payment. We be
leve such system, well-devised and above all in
trusted to competent hands for execution, creating
at time artificial scarcity OF currency and at no
time alarmlngIthe public mind into the withdrawal
OF that Vaster machinery OF credll Dy when ninety
five per cent. of all business transactions
al confidence would from the day of its adoption
bring healing its wings to all our harassed indus
Try. and set IN motion the wheels of commerce,
manufactures and the mechanical arts restore en-
ployment to labor, and renew In all It's national
sources the prosperity Of the people.
Reform is necessary in the sum and mode of Fed
eral taxation to the end that capital may be set free
from dIstrust and labor lightly burdened.
We denounce the present tariff, levied upon nearly
four thousand articles, as masterpiece OF injustice,
not yearly rising revenue IL mas Impoverished
many Industries TO substitute few. It prohibits i'm
ports that might purchase the products OF American
labor. Ii has degraded American commerce from
the first TO inferior rank on the high seas. 1t has
cut down the sale. OF American manufactures at
can agriculture-an industry followed by half our
people. 1t costs the people i've times more than 1t
produces to the treasury. ObStctS the processes OF
production and wastes the fruits of labor. 1t pro-
notes fraud and fosters smuggling; enriches dis
honest officials and bankrupts honest merchants.
We demand that all customhouse taxation shall be
only for revenue.
Reform is necessary in the scale of public ex-
penseS, Federal, State and municipal. Our Federal
taxation has sweed from sixty million dollars gold,
In 1880, to four hundred and fifty million dollars,
currency, In 1870; or, in decade, from less than
five dollars per head to more than eighteen dollars
per head. Since the peace the people have paid to
their tax-gatherers more than thrice the sum OF the
national debt and more than twice the sum for the
Federal government alone. We demand vigor-
Gus frugality I'm every department and from every
oficer OF the government
waste of public lands. and their diversion from
tual settlers by the party in power which has SQudn
dered two hundred million acres upon railroads
thrice
has disposed of less than sixth directly to till
ers of the soil.
Upon this platform which denounced the
squandering Of the peoples money and de-
manded the repeal of the resumption act of
1875, stood Mr.. 1ilden, who, by indorsing it,
was honorably pledged to give his signature
to such legislation as congress might adopt
with view to enforcing It's provisions by law.
Mr.. Tilden was also pledged to economy in
the conduct of the government, the tighten
ing of the burdens of taxation and the relief
of the working classes by the enforcement of
that retrenchment and reform which the
country will not have in its entirety until a
Democratic senate sustains a Democratic
house. The APPEAL supported Mr.. Iilden on
that platform, and not for the reason insinu-
uous style. 1t supported Mr.. Iillen, not
because he was a bondhoder or railroad
magnate, but because he was the nominee of
the Democratic party, standing upon plat
form which was a compromise, and fair and
Just compromise, between all the extremes of
the party. We have thus disposed of the
ignorance or purposed Misrepresentation of
the AUaLanche in the second of the two para
graphs we have quoted from it, and we have
disposed of the malignant design apparent
10 both paragraphs to continue the misrepre-
sentation of the APPEAL, Of which the AUG-
Iancbe is every day guilty. The APPEAL
stands by the Democratic party and the poll
cies it DEGREES. These policies cannot be
expected to stand forever. They are
dictated by the wants of the people
and the growth of public sentiment. They
are for the time, for the hour, and with it
pass away. The policies of to-day are not
those of 1856. The growth of public senti
ment has passed beyond the financial ideas
which then prevailed. 1t is the duty
OF all good men to acquiesce in the
policies of the majority of the party to
which they adhere. Good sense dictates it,
and the peace, welfare and stability Of society
demands it. The Democratic party
of Tennessee stands to day on a greenback
platform, as it stood in 1868 and every
year since, and the APPEAL stands by it as
it always has.