Year: 1876

the object with certainty andIease tha


will inspire confidence and encourage the


reviving of business. The earliest time il


which such result can be brought about
is best.


And then he tells you how to do it


The specific measure and actual date


are matters of det ails having reference to


ever changing conditions.


That is what tell the fellow about
paying my note. Laughter.


They belong to the domain of practical,
administrative craftsmanship. The Cap
tain of a steamer, about starting from
New York to Liverpool, does not assem-.


BILE council over his ocean craft, and fix
an angle by which to lash the rudder for
the whole voyage.


Mr.. Tilden then speaks about go
ing to Liverpool. ga human intelli-
gence must be at the helm to discern
the shifting forces of water and
wind" Especially the wind, [ take
it. Laughter.] Then speaking of
the deluslon on the subject he says.
"They are a snare and a delusion to
all who trust them." [ will read q
little more and then | will stop. He
says that it. is impossible to fix the
day because you cannot know what
the fuctuating balances will be ; you
can't tell how the water will be nor
how the wind blows ; you must let it
remain unfxed. | want to know if
the Republican Congress did not
know that they could redeem on the
lst day of January, 1879, how did
the Democratic Convention know
that they could not? [Laughter.]
How did they know so much about
the central reservoir of coin?


. HOW DID THEY ASCERTAIN THESE
when it was impossible for us to as
certain anything about it? If the
Democratic party can say it can't be
done in January, 1879, it seems to
me that the Republican Congress
could easily know enough to know
that it can be done. Mr.. Tilden
spoke about the gradual process of
resumption, but he did not tell US
what it must be. He simply says he
can't tie a rudder to a particular
angle. He says you must trust to
"human intelligence" the human in
teIligence being Tilden, and in case
Of his demise, Hendricks, and they
won't tell a thing until the crisis ar
rives. This is what he says. Now,
suppose read this letter, and after
having read it, got at the atmosphere,
en- rdpport,-you know what [ mean
that l was full of it. Suppose |
should, in the most solemn and i'm
pressive manner, tell yon that the
fluctuations caused in the vital stabil-
ity of shifting financial operations,
not to say speculations Of the widest
character, cannot be rendered in
stantly accountable to true finan-
cial theory, based upon the great
law that the superfuous is not nee
essity, except in vague thoughts of
persons unacquainted with the exi-
gencies of the hour, and cannot in
the absence of a central reservoir of
coin with human intelligence at the
head, hasten by any system of con-
vertible bonds, the expectation of
public distrust; no matter how WISE
ly planned and discreetly pursued
failure is assured, whatever the real
result may be.


If that is not just like it, l don't
know where the difference is. Why
if anybody in the world came to you
with a note upon which the date Of
payment was not fixed, you would
say he was.either insane or rascal.
And you would say to any man in
the Union who says he is for specie
resumption and counts the date out,
that he is politically dishonest. But
the Republican party propose re-
sumption in 1879. Hard money is
economy paper money is extrava-
gance; hard money basis means
economy and national prosperity !;
we touch hard-pan in all the business
Of the country, and now we want
a hard money basis to do business on
hard-pan with. [Cheers.l The Re-
publican party will redeem on the
lst of January, 1879, or if it fails it
will fail as the soldier fails to take Il
fort high up on the rampant with the
flag in his hand. [Cheers.]