North Carolina Newspapers is powered by Chronam.
WM H. EERNAED,- Editor and Proprietor,
. VILLllNGTOrJ, M. C.: :
Mday, August lltb,tl876.
Democratic " Eeforta k Ticket.
FOR PRESIDENT, : ;
samuel j. tilden;
OP NEW YORK ;
FOR VICE PRESIDENT :
- i rx-ri-.T-n.-oTriTrn
THOMAS A; HENDEIOE.S,
Presidential Electors t
j FOB BTATXrAT XABSK .
DANIEI tt FOWWK, of Wake,
'JAMES H. IXA.CB. of Davidson.
Iit 1)ISTRICT LEWIS C. LATHAM,
JOHN P. WOOTEN, v
JOHN D. 8TANFOUP.
WAL B. GLENN, i
A.C AYESY. d. i
STATE . TICKET.
' ' QOVEKNOB,
OF MECKLENETJRa. ' f
I.rKTJT.' GOVEBNOU, V : 1 -
T :." . -; ! 4 I OFPITT. 'r ' n I 1"' :
i- . .... '
! rr it "rv -T c? O' tr "C XT A MJ
1 UUwnO' g, U4iii
1. - iwSKCUETARY OF STAtE,1 f f s -
j asi P II ' A. ENG ELll A jiD,
OF KKW HANOVER.
, J O II N
. r 1 . ,
SAMUEL rL: LOVJ2,
St' POBLIC INSTRUCTION, i f . -
JOHN C. SCARBOROUGH,
! ..... t - J : E ( t -
' '. . .,: 'V '- " J v 1 -. .j -. -f '- " - Jf-'r
' ' r OF JOHNSTON. ' L "
F O II C ORQBBRSt
' TIRSTlDlSTRlCr i ' J '
JESSE J i TEATES, -
... 1 OF HXRTPOSIV . t . " " b ,
TUISD DISTRICT, i ;
ALFRED M. : WiADDELL,
''V OP NBW HABOVKR.
i ..( .i i i, jr; i " !
-; f FOURTH JISTRICT, " - j
JOSEPH J. DAVIS;1; i
.. - ' - .V FSANKUN - -
FIFTH DISTEICT, .
' ALi It d D M.; OV A Jxio,
f EVEKTH DI.HTRlCT.f
WILL I A M "' M ;iipB BIN S ,
'1 r ,
SIGHTH D1BTKICTV 'l r
. DF BUNCOMBE. .
,OVftKNOii ; POWEIl'OP iPi
The Governor' of North Carolina
has the power,
vice and consent
appoint all ofheers who have not
xeen otiierwwe appoiniea. 1 unaer
thp Constitution as it exists the Ie-r
t - . , . . '.
giHlature especially 'inhibited from
and with the advice and consent of a rja
jorily of the Senators, elects appoint all or3-
fices are established by this
Constitution, or uthieJi sJiaTL be treated bv
ia. and whose appointments are not oth
erwise provided for," and no sucb ofScer
shall be appointed or elected by tbe Oene
ral Assembly. ' L'
J his. power of appointment is s lim-
as ieaye tne egisiamre mram:
. r. i. - ., : - . .
roelled. he part italicised above is
,The Amendment in as foi-
. . ,
vw.Tba Governor shall nominate,,
and wilh lli iilviin and i-nnRunt i
jrUy" vf hie IBenators, elect, appoint all of-
upon the Govrnof, One man should
not - have: the powc 'of conferring
places a J llbitum:v$
and pai'iy favorites.'
party favintes.i TJ. CouslStiw
Hon, while it does'- iiot;
tfvv-rnor with Mieh abs?Jue
' 5 YV A Ij Tivli 1 ' Li ' d 1 xu m ij ci , . f -1 prosperity. lie next snows now ine i goou-roener inan mi i. atr. liuicn s iei-ji-;u
- j - m 1 J 1 ;I -i . L' r t I ter. In fact, we have read' nothing for a
. ,1 -."riucii3KniDwr..o: .i-vntl evils of excessive taxation (carnedin lon2time whichiwas so clearly, tersely.
by and with the ad- I failure, .to niakel a'py " practical ' pro- J writers. They are letters for independent
appointing - or electing suchfheera., rest hi cur with n 'iimiili jirmtvn.
Section 10 of Article III. reads:?' r mini'Xf' ti. T.;.i.Kt;i ' w J I J?8-' K'y
- i . t. . . .... "Jit." Yfu.."!"! .,iJ.''.,"". l".' J I f IhA titwnihin
, acers, whose o,aee are established by ..this UBinn i6Maihlirtimi' of i man
istltnuw. wd whose appointmenls. are lue,it,on ffVf, Cr W man
td. otherwise prwided fur," . - u, ' who thinks deeply." r m . .
The anwndment. is saWtary. 3 The Gov; Tilden; favok atY 'adminisim-
: - Ooristi.utiou 'confers too much power live Tcft-4 which shall commence at
of appointment, does give hira a
larcer power than is consistent I
with the Republican character of
oar government and with the liberties
of the people. -The ' Legislature
should not be debarred from appoint
ment, as .under the present section
and Article, - as , quotedbove, it is.
It may become necessary some "time I
-.,,f- Jin.:-ho I
created which should not be filled by
. . . . w T ' ?
the Wovernors appointment.; xu auuu
case the power ot choosing tne omcer I
or officers to fill snch position or posi-
tions should reside ; somewhere else,
It is not necessary that the Legisla-
ture itself should choose, only that.it j
mY constitute the appointing power.
We regard this amendment as very
TOISDOIQI AT THE HELM
'We approved most - heartily the
nominauon uy mo iemourauu paiij
of Samuel J. Tilden. ( IIaving watch
ed his career , closely, and having
been well satisfied that he more near-
ly than any other Americai fulfilled
the reauirements oi the I hour for
cool-beaded, practical statesmanship,
we felt confident on. the j day.he was
chosen to steer. the lleform craft.that
he would put the ship ipto port in
fine condition. . Jivery. act: and utter-
anca of his since that i time , has
, . IS. -
strengthened this I conviction. ; His
brief .speech of acceptance was a
model of frankness and jisiraplicity,
and contained hints of that far-reach-ing
sagacity which is shown at
length, and.in the Jmost satisfactory
manner, in his formal letter publish
ed oy us yesterdayjj and hurriedly no
ticed in these columns. . t'
Gov. Tilden confines himself tjjthe
paramount issues jof the campaign.
These ; he treats in a masterly man
npr, .leaving nothing nnsayl, which
ought to? he said and saying nothing
"wh'ch ouht .not to "be said j,;. In 1 so
elaborate a letter the wonder is. that
. 1.. : , 1 ' ' , ' I
yet have given' no -occasion for fair
criticism.- His ' views- are woto'i.lv
tenabletKey are absolutely unassail
able. He discusses the currency ques
tion at great length, and jwith singu
lar : cleai new ; enforces ; the, opinions
held by himself and expressed in the
- . .... i . f
St. Louis platform.' He and the plat-
form are in perfect accord, as he and I
Gov. Hendricks are, i substantially.
Gov. Tilden starts out with tho postu- w unnecessarily lay,him open to attack, or
, ! ,. ... . furnish arguments and capital for: the op
late which hardly any man will be dis- position. wilU be disappointed, i Of
irk'noAil t A ;nt flint. iV.pL nan Ka nn Hendricks' letter it is hardly necessary to
r"- . . i : ' r , r I
possible return of national prosperity j den's is not: a very bitter, narrow, off en
whilA thA frftvprnmpnt absorbs, vear I sive, partisan document, r The two are in
, , s ' J I
by year, more than the ; entire aver- I
age amount of popular pavings in I
taxes- Federal taxation; .amounting
I . . . & I
during the past eleven years to four I
MStauW hundred. million, ofdol-
2ar.swollen bv local taxation amount- I
: ..M, rnl, mn in
fa fcV .uw.. .
the f rierbtful ai;&rresrate of seven bil- I
lions five hundred millions in eleven I
ye,I; ''f J ' .
i- . . ,
mental: exnenditnre" he nresents. I
No people, he truly says, can live ML
.V' P , . J , JlfTiIIendricksistheletterof a atesman
amj prosper under such burden of
many portious of the" South to the I
extremity of Practical confiscatton.
-- .It- . ' I
are aggravate! oy me; ;evus or a
flu... it 5.:., ,..! t ri..liU.Mi "
9 i1 - i .
rency, aestroymg ousineps connuence
i : ' ' a - E n 1
and credit, naralvzine enteruriso and
I, ' --f
industry.' Adopting tho views of
tu-fi :ta;- ..:U T?i.
. . . r, l .
den arraigns the Republican party
f & . r u -.ir. J
auo au : Avuao vu iibiviii v v .a.
not onlv for it .xiravacrane in. ad-
v , ,
uiunniMiiiir.umfug ,im : ivi.g ii;bD
or far the fulfilment of .the pledge
of resumptioif contained in 'the acttf I
J875.'. r, - ,; J - '
- But Gov, Tilden is not content to
gives wuo - outness, uko connuence
ana clearness a succinct statement 01
!mptK.hv wMoh rt.nn.niU mi. h
nnsnnni. p.'nrtiii iioflof' nnmnnin
rio-ld APnnmV'in"fhA ' Wnpndttnr
withholding of the coin exports so as
not xo aerance ine svsiera oi ex-
. . i . t - r
. . . . i - s v - . .
W,f n4ry in the Treasury: witb which
n roAppm the nremidesof tlw tiovpm -
. - - - - - r -r -w - r ;,
ment. He would even' borrow mo-
ill vtfwv on this
-V a . r
the fjountaiu t h-ad.( . ITe4 like; Goy
Hayes,! take ground f r a'RtiJglei Pre-
i i - i-".. . , .,.i- f
ame inai irm.- j iih inter .wjrongn-
fl JW One that willVakti 1in iinpres-
; kion, 4? lSTi4Jt: ni'Cwm,
'if 9 riKJ,V?ca Jl.un the
miiii.l wn rltii.rw,a :tniiii.lAttuii jrr.l'tfl I hw rout tumT&r. unrl lictinnpliia4ifl l.uc.iaa..'
I tr tim .itiiii f k.i iv. . . nut . Ft tla fWt I ': . " "J
of tho Senate, to vision for return to "specie payouts,
. i . (- , f. . , i ueiH; ,v. ttarraye, -cretary. r : j wuu,u u ioiue oiaie.- ine. memoers i in one orancn or Vyongress, wiiuo
I ney with which to pay'lhe debts of p tPpt.inge th;.;abwmce;.;0t;- thftjniittee'M jMcree.t'? society should be known aa the I 8tmo-frlinp to reduce expenditures.
well - written piattorm useu, wuu uu
its vigor and comprehensiveness, J,il-
den's delay was Tilden and the peo-
pie s prone. , we are giaa ne waimu..
yQ print: this 'morning the full
text ' of the letters of Govs." Tilden
and Hendricks, accepting the Demo- j
........ .- I
A.ftA nnn, n . fn. Po.-rlutit onH I
Vice President. , Both - productions
, . i .
are eiaooraie, puiiosopnicai, cuiupie,
and satislactory documents,! urtner i
we have not tho space to comment
to - day. v Below we ' present the pith
of the press opinion of three cities: .
The Qrapluc.'SlT. Hayes' pictorial repre
sentative, denounces Jinstow a " a vulgar
plotter." , " " , . . ,!
' 44 A magnificent and oppressive central-
ism."S. J. T.) ;;ittttM7 in parvo. A ser
mon in a nutshell. 1 :u '' ' .? ;
The Boston Post remarks , that " General
Crook has no fear ot death,, but dreads an
ode by Walt Whitman and a IleraJd monu- I
The ' Philadelphia Times,' Independent,
remarks: As the tetters of Tilden and lien
dricks -sliall be read and studied from day
to day, they, will be likely to grow more
and more lormidable as elements ot? tne
canvass.1 ' ; Xt
tiouisville Courier-Journal:' There are no
glittering generalities in Governor: Tilden's
business-like communication to the Ameri
can people. It is -an embodiment of com
mon sense derived irom creat Knowieuire
of human nature ana human affairs.' n ,
Savannah Iteus; : We were - not - among
those who, prior to the St. Louis Conven
tion, looked upon Mr. Tilden as' tbe most
available candidate, but his letter has con-
vi ncea us inai me nines ana iue counirv 1
vinced us that the times and :tbe country
bave at last found their man. .
Baltimore Gazette (Dem.): It has a hearty
ring, a statesmanlike breadth, a fullness of
detail,1 an aggressive tone, and a decided
and definite policy, in all which respects it
diners from the timid and faltering letter of
Mr.iHayes.,, ; ,i..'.; .",-. -f.rr
New York Herald (Protean): Altogether,
the letters will, satisfy,, the country and
strengthen the democratic canvass. The
letter or Air. ttendiicks is somewhat nip
pant in parts and with a stump speech tone
about it. The letter of Mr. Tilden is in
tbe best taste n model of dignity and re
serve, without a word that could offend.1
New ' York 1 Sun (Independent:)'1 Gov.
Tilueu'a letter ot acciptance- is the strong
est, clearest r aoiest, imst statrsraMn-UKe.
most BUgtefctive, and most Butisiactory po
litical document tlmt hs been laid before
ihe public within a-loug period if time.
llayeb small, "narrow,' and. .commonplace
Imlur Vt7 . d u a 1 b ui 1 fuintfiiut 1 1 in ..vurm
l.w. .uf u n.v . im u
ltichmoud Enquirer: Mr. Knott lias bad
our sympathy; bui the lime and manner of
Lid vindications. were not well cuoeeo. 1 ue
commitlet on the Judiciary had settled the
question : between .Knolt and Blaine by a
unanimous report, acquitting- the latter of
.Blaine d cliarue ttiat he had tuppresseu the
dispatcb. and there the matter oiwhi lo
have eKdetl, as nearly every man in the
House, no doubt, wished it should.'
Ne w Yoi k ' 2 ribune (Republican): -: Gov.
Tilden's letter bears the marks, of careful
study and elaborate preparation. Whoever
meDt which would expose his weak points.
Mvmore than that it la nit. f hut flnv Tit-
marked and decided contrast a. with each
New York Bulletin (Business): Candor
compels nsiosay inattue views expressed
in Governor Tilden'a letter of accentance
are the most statesmanly treatment of the
the last fifteen years. The method of re-
sumpuon Bocieariy sBetcneain uuaoen-
ment is tne only one that the Situation ad-
mits or.the only one the country would
t5p,iv aP(,t nli .thg AiiinmonU'),rAtA 1
ujieruMs uu u mi, uou u une luaw wouiu .ea-,
' . -!-.. ,3 -.I
. w i
' .V ; ' '' " ! I
ter of a stAteaman who annpala tn th hio-h-
who is nevertheless on the same plane with
and forcefully expressed:
f fpriirgn.-M JtevuVlcan (Independent Re-1
imbMsaii): Mr 1 Hden Has tuten lime and
i counsel iu the preparation of his letter of
I acceptance; ne naapronted ny them. :Uoth
I Dar v &nd r'uiintrv have amnla rpttfton tii hp
I : . ZL
I reconciled to the delay. The letter is ex
R'J wr ubb iut VVporp(;:u
i js quae iree irom iue raqcia u
avor of Rour.
I bonism; it is soundly reformatory in lem-
iwana ;-guaraotyl s wlll,'-or ; course; -Im
I : , l , . . . 1 . -. . t
I ir.i- """ie: w- -
l effect and toojegotisuc for the best taste.,
I'Riii im .irnri.iKriuaiiuF M?it
:;v'v'. Kv .
i iue uuaniHv to luequamy. ana iue etrot ism
I i"; i. f-' w-o.
a u u- u n- mw ino mni
vuo ,tilcto u-,
mkiU3rMit. -;6fl);Fortbe :Srar,
KHauTlIle Tlldeu awd Vaure
Some of our act ve citizens bavinepre-
- - ' - "f."J',...i
viouly given notice, on Saturday, the 5th
number of the ' best people
assembled in . the Court
House for the purpose of braanizinir a Til-
iien and . Vance Club. . when. oa mot ion.
1 . r - !-:,..-L--.i--.:r-r-",,1
1 iihuh icuucoreu ui ou no iciu
PW Uiry. ; , ,
.L.B.. Kelly. E8a..r moved that, commit-
V : : . V- - - .. .
,T"r-J .Tr --rt'-'",f'lHI'MS"H"l
ibb ui uvb utt suuuiniea on consult) uon Ann
i .".. .....
- " - r c - - rs3j-::u.:
i .. -. j .. . .? . ;
1 w i'rr.,n WT .uti nl!.
I " - m- a.- . i fan. jj.: ivi.. vrtruuer.
r'4-MMlJitf"(tt' S. Carr,'VicePresi-
1 1 ir : accrdance y with
twn, the Jttendeut appointed a working
commlllee. whose dutv it Is to tiw b cn
cially after the. iuterests of the townshiD
About "tie himd red perai m eurplled tbem
i ..A m..,.l.k . . ' 1 w
vics'm lucuiucra. anu as manyi rnore arp'l
i the Club mefitagalr :jiexi r Saturday,
nnu eirci v wuuu una ouriu Baj.uraay iiq-
Uihe campaign c h-ses- diiririg which time
J Neral prbraioent speakers are exoected to
addreSthe meniheri n1 tbe pabUp gene-
"... .. u 'lira ui nV1. Hat ' ' ' .
yon Mliotit Do'yoa feel drowsy Have
I uute,:,ue', W '
The name of Maj. D. J. Devane having
been used in connection with the "Peo
ple's Ticket," published in ; our local col
umns Sunday, at the request of. a, promi
nent Republican; for tbe office of State Sen
ator from this county, in the next General.
Assembly, we are requested by. that gen
tleman to state that the suggestion was
made without his knowledge or consent;
that in the present condition of his business
. . . 3 - . , - - - j ' b . . -''' .
aiiairs. ue could not dossiojy serve il eieu-
ted-- adlhfat. ?T V" v
moment entertain tbe idea of permitting bis
- , . of the flt
for this or any other office.
Sale of Property for Enjo lued Tx.M
The sale of property for the enjoined tax
r i o er i n if . in siVtlrtnlr
at the Court House... iAfter the sale of five I
or six lots, the Tax-Collector, We .under-
stand, concluded to postpone the sale from
day to day for several days, in order to al-
further cosjt and inconvenience. 1
Fatal Accfdeui. . '
A colored boy by the name ot Long, liv
ing somewhere in the neighborhood of Tar-
boro.was run oyr.by .the train at Dudleys
It appears that be was in Qoldsboro, and;
when the train passed"1 be got 'one one of
freight cars with the view of ) coming ito"
Wilmington. , It -is. supposed that he wus
on one of the bumpers between the freight
cars and was jostled off when 'the train
a n., !-... r..n 1
an opportunity to those who are fa-! aoiu .or, j one : m pc. -ouis,! aa vising mcfc tip0Il the prosperity of -the;
for these taxes to come forward and u Ul iuv ,uyu"uuuu. whole countrVi .tT - r :
the same., In ihe meantime, we atot VnV?i "if i? P1 . The nobler motives ,of humanity
i. ' 1 a n,t I by that body for the olhce ofJ lJresi- fni-'lt ihn mota,rt intnt. f
: ; r - ; . v I dftntrof ih United Statra. I Answered n , .1. 1. ... i.
1 1 1 ' . i. 1 - - - t : 1 :i 1 tit imi 1 11 1 riiiir . 1 in r. trv fiiiwi jr'i f
.uUKJ,,uU ,turi u renew tne prospemy or me peopie. -before the law," but likewise to estab
wheels while it was yet in motion.' His Bat some ' of these reforms are so v,au 0j m;ii
right leg was cut off near the - thigh and
death ensued in about three or four ' hours
after the accident. He appeared to be quite
an intelligent youth of about 14 or 15 years
of age. i z't 1 - h tyl y-":?:tj
Democratic Hally at Bladeuboro j.
We learn that a large and enthusiast jc
Democratic meeting was held af Bladen-
hnm iiun conntv i nn R.inv-i.'tf
.7 r , . . 1
rie, N. A. S ted man, Jr , and II. 11. Lyon.
The occasion was the raising of a Tilden,
.Vance and Waddel pole and flag, w hich
was accomplished amid much enthusiasm
and n j icing. Several Republicans, we
understand, enlisted under the banner and
will work and vote with, the party .of Re-
form in the approachinar contest, i so. i h
Tb Vouue Blei Wotkluff. ')
We learn from Mr. T. 11. Fuller. Ccr-
. . ! I
responding Secretary. AhaX the: youths ot I
-iiJfiii. i. - '
Men's Democratic Club" .for tbo ensuing
campaign. ;; l bey bare adopted a constitu
lion, elected a complement of officers, and
propose to put forth their best efforts in the
Excursion by fflooullsUt aud Other-
We learn 'that it is the intention of Mr.
J. . Totnlinson, of the'IIickory Press, who
recently not' up the crand double excur
sion, to give another': excursion from the
mountains to the seashore at aq early "day,
probably during the latter part' of. this
month; at which time Capt. iLatham, of
the steamer J.' & UhderJiiU. proposes err
ing a grand moonlight excursion for the
benefit of our visitors from the up-country
and others who may wish to participate.'
The accessions are nearly all to .th e
Tilden. and Hendricks side.'-'
Michigan Tribune has left the rotten'
Republican part v. and cast its fortunes
,. ; j , . . T . -j . . I :
. - - -7? .. r r - -. rj i
with IhoDemocfinj iAlUelfrespecif I
hs RepablicB iouroala: 8limld , Jtt
w , . f. U .V. i .-;; .1!
- ; i BBUNSWICK COUN w
ITIeetlue In , Northwest
iwuiuii-iwriuiiiou u( aiiaen.
Messrs. outers: un f last Saturday,' 5th
in PQrsuance l? a cal1 fromthe Chair-
of the Democratic Executive Com-i
mmeer of Northwest Township I Brunswick
county, the citizens promptly responded at
S.P. Potter's store, for the purpose of ap4
tion, which convehes at Smithville on the
28th. Mr. II. Spencer wes nnan'nr.oislv
elected as chalrmad'and -P. M. Moore as
Secretary. 5 r: V pf -y f 4
f Quite a number of our besLcitizens were
I appointedabd ' upon moUott-of -MrS
I J:v . , r . v, . rv
I Poller, which was Titit trt thd Vrtfi 'rii
; Potter, which was put to the Vote ' and
n . : ' 7 . . -l : - w"v
I carried, every Uemocmt from thft tnwnohtn
. . ' . . 1 . ! . .L . .1
.wno i,Mppt.ne,i td-o at ismuhvillej Subuld ;
-..,.,.,.:..-,,! . . -i - a
. i w
consider himself a delegate. He stated.as
lie siaifn a
his reason for such a proposition,' that tfce
lilies of the people could; be more effect-
ui. y rarnou. ou. oy .oeing, eii ;repre-
sei tf d. ' 1
i j . Ilj.. !..! .li.Jir. .1. 1 -.1.1 1 t
5- nun mr ouirrr, uiu war-nurse,
Ja n. Melvin. was bv aceUm Ition
purPr'-shleiJl, iand JV i.fMoore app med
w mh T1
n iWen. atitl Vance (Club. -.j-lhe following
JVice Presidents wtre elected j f l.' rMcFadV
. ir. Jfotler, . Chiunis ao
B18." 1 '. . f
bpencer, r . JH. Moore, hod WL.1
constiiution. , ; i. ;..-i '4.
1 Ti ir.Va 0.1 fc. it ,w
i ,;ai,..yi .... n ....t. i ::...t. l-
i forty were entered, and socmiqi
Per.pore wyibeaddedothelist. 1 '
1 r While tbe names j were be ne recorded J
j inn d: , j.?: .i. .?..
j ia. xicicr -whs requeaicu wj uittutt
i :. -r
I ni. m fftr wa ivnniuMfl In nulla no u
i H..nnA .s -j :
b a nHmMteriT m.hnrtiriffihmth
I r - wh""b
RMLan-Walnint thetj advantage
l semble again, and throw to the breezes
I "BfJf eP-1 f'den
1 100 feet higli. It
rf FH. f f much uuu nuuc Uiu., U poi
was moved and seconded
I lliat ,he proceedings of the meet iog should
ings of themretiogj8hould
f Pe 8fut to. Uie t
.1 rniw.lirlif titan At
r "-"tu auiT
----- " r --ari
' i.iRini ,k . '
; Tp U8ult of (he Late Klectlaii.
Jn forty-one copqm
lies, iniKTi. eaye
and it ii not thou 2
crease Irom that vote.
ao TTniicfntifa itlfliraTttV I
a oing iwutj-tvf u-; nbiects and fiU -indHjenderiti 4-ri1s a
uiaia maionty or ir,uuu,.i - f -... - -v.
hi i h pro .fell! tv: nnv rt. I MVH',;'M. f!!1r Ty pan l ne. BU-,
GOV. Tildeil'S Letter. L
Tlid Great Issues of the Presi- 1
deiillal Canvass. . jj
Tho Financial Question Ably and Ful-
in Accord vvltli
- den. r:
Admirable Letters with Common Sense
AAkYif Juiy ' Si",'! 87G.;
,i GENTr.EMEN-rYhen J had tho honor;
to receive a personal delivery ot your,
letter on behalf of the '-Democratic
JNational convention, neia. on ine i
, at my.earliest convenience, and-
unformity with nsas:e, :Iv would I
prepare ana iransmu 10 you a lormai
acceptance.. I now avail- myself of
the first interval in unavoidable-oc
of priiiorpU's,-Which, as a whole,' seems
?t n wise t-xposition oty the lieces-
sitii'K of our couiitryy and f ? the re
forms nVedeu to bring back lhe gov-
eruinefjt tu jts trnei fuuetions,?.to re-
storu yUrity of admiuUtralioo, and to
- ' . - ' 1
urgent that they jlaim more than a
rjaasinrr annrovaL w . .,r J '.
'o. r r T - -'.'-'.'.-.'! .--r
BKFOEM IN PUBLIC EXPENSE. .
The necessity of a reform "in the
scale of publio expense federal,
State and ' inuniciDal and "in the
modes of federal taxation. iustifies I
all the prominence given to. it in v the
declaration of 5the bt. Louis Conven-
tW". ;.,; , , :. r
mu . .. .. ... j . . : : u .1. 1
business and industries of the people,
which .is depriving labor of .us ' em-
ployment and carrying want into j so I
many hum en, has its principal cause 1
cupations to ftillill hat Engagement.! I
- j. uu von wii iiuif, .ucitirc maKui" 110 1
I vi 111 ill iiiiE". nitttKU a, uiai loo o
tion. Under tlso illusions of a specious nor;" 'and it goes on" to demand a ju
prosperiiy engendered by the false dicious system of p repa ratio ri by pub'
policies of the Federal go verhment a Ho i economies,' by ' official retrench-
waste of - capital has; .been , going: on
ever sincethe peace: of x 1865 which
mi1iT niil''uiiil in nnivonu
rr..ri V; v. - ' " J I W
s' i ne General taxes or tne i
y est rs-i! reach '5 1 the i-vgigan t ic su ni of
i,500,000v()0P. : ; , Iioca I Itaxtiod has
amounted . to -two-thirds ; as r.much
more.': - The' vast aggregate is not less
th an- $7,5 00,000,000. f
. j. nis enormous taxation t ollowea a
civil conflict that had greatly ; im-
paired our: aggregate "wealth, and
had made a prompt reduction of s ex-
penses lndispensablvv is;s . -
It. was aggravated by most unscien-
uuu uuu iu-aujiisieu iiieiuuusui liiiu
tion that increased
the people far beyond tho receipts of
the Treasury,) 5v'h'Ktf;f
" saia,aieu uiuiwiwv;ut-u
nnanciai. policy wnicn t,enuea , to
iminioli t li A onorfYtr :elr?l I n rtA enrm tth
. . i . ! -1 . i i :
f rti-oWtinri rt fM,oi;,r Vvf
nrlvatei consnmntionv i and induced
roWnoMf Ti neo Af onVi loi-'
. n'... f.. ..i s.M.;l
xijven in nrnsneraux iimpsi.nn fi ai i v
wants of md ustrious communities
e. a ... : - 1
press closely Upon their; daily i earn
t?i f 'ii Ji;I. i i ' '"S'.l.
nnw fni 1im .1von rafli(ftwoiJfn,i'!1 141yV,M00 -Ot .legal tender
tho whnlA n-Ann15i-n ;nn1bfrai?A
ovon in rA0..b VtoV rT. '1
;,;.;,,;, :, Xi t ! ? i v t vf
I -sThe conseonence o'f these errora are
,Kav rfntfnl 1 nvWr fJ-
vlaihlA ' Tliar ' WoVa ':o7o.r
inevitably and wrei
picted when the waves of that fic
Utious prosperity ran (highest jIifS8
Septembevl868, it; was said of these
They Wear heavily upon every' mauV Iri
come, upon every industry and ever j !busi:
ess in the country,' and vear by year they
lesswe-arrest the system-that ivetf rise!:to-
J thm : Tt wa cnmnaraUvsl easv 'wfiM
1 '"t" : was -comparauvsij easy, wnen
ate? ucauuw w iicss oviii muiD ucuTujr ,ui -
values were doubling Under repeated Issues
I ihe froths tf our5 growing ; anu apparent
. . . . ' . -. .
m - . - . t .
i a-- t t .--, . .
I Wiih Hipsft takes, bnt when values recede
and sink toward their natural scale the tax
gatherer takes from us not only our Income;
ot ontyonr pronia. but also a portion 6f
bur capital. Ido not wishto e -
hrth-Radii.. miritv .r i..,i wi
I panol afford that pblicy toVard tlid Southl
We cannot afford theimagniacent-and op-
I ,..i,i..nii,l-tin i,;i. vn,r.-.l
pressive centralism into which -our govern-
pjent Js beififf Converted. We cannot afford
-fw vT iiT .v I the present magnificent scale of taxation: . 1
idS. R; Chin-, J .- r-v:- .-: j-. - Ma.-j-1
- P ! .'If a the, Secretary of he Treasury 1 1
said, earlt in 1865:
i Ther? Is no royaTroad for a government
I more man lor an maiviaual or a cornora
i lion. - vv nai vou want iu an now ia tn mit
u.lBBDVB ?" uuaucienug ; wooiu; give
the whole of it for the pkl, homely maxim,"
i .t t ;n,;n
i t . i : . .
persistently, w e see . to-aay tne lm-
I n ' - - " : ' -. ? - . . f -
I meaiate;represent aiyes. or :tne peopio
overnmeut thereunder ahall' suffejf
mmiL. uii HiueiiuuicubMi iiic uuiesliiu
17-1 v.' .'"'.:.iiiSJ
tion ought to b' devised . Wparatinsr
j 1 int6 distinct bills; th0 approriati68 ?
M for-thervaflbus epaHiiteTiis lofrtKei
puoiic service, aim i exciuiiing ,i rom
vNilfF pflWPF Pf ' satb J of the. twa
ii ffr.u NV- rnentinicoinfrsaqii fractional c r
f ihe Senate. and the Executiveihat un- Lnnv Ti;LS"f S
e less thtf.objectionablappropriat.oris Ha
awuvm " j tj j catviJ I:K" Vir-" sfrf vir tut VI I'tTI
houses and of the Executi ve be pre-'
eerveu aim exempiea irom me raorai
duress which often compels assent to
oDjeetion able appropriations, rather
than stop the wheels of the
. - V-;,TDE SODT1I.- "
An accessory cause. -enhancing the
distress in business,- is to be found in
the systematic.and insupportable mis-
government imposed on tbe btates of
the South. -.Besides tho ordinary ef-
fects of ignorant anddishonest' ad-'
ministration; it r has inflicted upon
them enormous issues, of fraudulent
bonds, tho scanty avails of which wetc
wasted or stolen, and the existence of
which is a puohc discredit, tending to
uan ttrupicy ort repuaiaiion.' j. axes,
generally ' oppressive,- - in; some"; in
stances have confiscated the entire5
inCome"of property, and totally de-!
8troyei itg marketable ' value!-1 "It : W
imDOssible that these evils should not
be removed lo a complete anddnra
u. ,0nnnP;i;,tmn Utn
popniations onct unnaturally
lrat1ged; on . tbe basis 'recognizee
the St.?Louis platform,' of the cori-
stitution of the United? States,? with
amendmepts universally accepted
hnal settlement or the contro-
ibioiKo nuiuu Euticuucicu villi naii
); IBut, in aid of a result so beneficent,
the moral. influence of every good cit
izen, as well as every,; governmental
a'wu,"'ulo1"''1" iubu cuuaniv
amonjr citizens. . whatever .their; race
or eolor, who are now united in the
one destiny of a common self-govern
ment. If the duty shall be assigned
to. me,i should I not fail to exercise
the powers with ; which the laws and
the constitution of our country clothe
it? chief magistrate, to protect allies
citizens, . whatever their former con-
ditiou, in every political and personal
r nht -i
, currbncy reform
"Re'orra is necessary, ' declares the
St. Louis convention, "to establish a
sound currency,; restore the public
credit and niamtam; the national ho
I menls aud bv wise finance, which
I shall enable the nation soon to assure
the; whole world of ita perfect ability
and its perfect readiness to meet any
ot us promises ar. ine cau ot ine, crea-
.4'.i- L.-- .i-i-.lrti'i.tii. . ir 'I'R-.r . r:--.--s- r,.
ltor entitled to payment." ': :
jiueuojecb uemauueu oy ine ajOD-
vention is a resumption of specie pay
nieu ts on "the ? legal ; tend er notes !-fb f
the.United Stafea. " That would not
J bnly "restore the , publio credit" ; and
I "maintain the ' national honor,'' but
I it would "establish 'a sound currency"
I The methods bv which this obiect
I closed by
raanded for theifuture, and by what
i n aenounceu in tne nasi.
I .. .. .. ...
Kesumption of specie payments by
I tbe.gyernmenPf t' United States,
F lish specie payments by all the banks
on all their notes. Tho nfiir.ial RtntAo
. r- . .-.-vt . : v -r ' - -
1 ment. made gLorrVthfl s.15thYf
shows that HheaniountJ of theubank5
i uuics was souu.uuu.uuu.. less-ezu.uuu
000 "J lield i. by lums'el vei-S. A'srauis
I SiO.OOO of notes the Bank
centof tbeiramount. , But they al-
so neia -on ;raepo8iv
Treasuryl as ectfrityforjtheaei notes
bonds of 4he rUnited Statesworth in
V go irwuvaiiaoie
Levehif it were possible for all their
1 wuJdj 'lV WPSi
liPay t?W0 ot-nptes
jWitliout contracting their loans .to
their customers 'or- calling on any
P.e?e9 Pft unaeriaKing to, resume,
nave usually ueen i obiigea ,t.os COi lept,
I ;frdm iieeay borrowers the', means to
1 reaeem excessive 'issues ana toj: pro'-
vide ffesertesji -A vague ; idea of .xlis-r
tress is, tueref ore, ot ten assuoiat eq
with the process of resumption.' ;But
thecond i t ons whish"" ca liscdldis tress
)n those, former, instances 4I0 -lioino w
1 The - go v ein men t h as 6 ri 1 y t o riiafce
1 eood lUown bromlses andm baViks
f distressing anybody; The govern -
meiVti ihefpej-'tfie o1;'dennf
ttehtS T.t5 ..:r" it-U
r1. ( wH i,rii5;.i,≪iaJ-;J!
:j ItEGAfc ,TEKOEB BESUMPTIOX '
The ambuntf 6f f the r legal s tender
notes 'ot the United' btatea now out
standing f'is: less than $370,QQ0,OO0i
besides ;$34,000,000, pf, .fractional cur-;
I rency. How sha.il: the government
. i mara tnuM nitron at oil 1 1 rnpfl na crnni
It has to provide, in jreference ,tQ
the mass hMhywould-be-kt in use
by the wants tef businessj sa central j
i aaiusimeiii or ine leiuuorarv nnntim-
t; - 8of intWlbalan,.
u,,...,, atraat transient
i t mmwivu u u j aiiia ai.
tificiaiJ .reated by' pant bVby spec-'
-It ha also to provide for the pay-
ft v r Ml n
is of the5 iefjal ten d(
f inay,' :f rom ll me to
to tjrneV de- j
conyrt Jor "Ispecial ,o.r.in.
PWturtAo iayhy uicoid theirr.iutle
i ; t . . ; . - j. -
stores of moneys . " r
i JBESUMPTiaXNOT DIFFIC
; To make ihe coin hwf th'f reij's
auaoiB lor i(rp ujof mis
fWWW 'ftrtaWHYi stretigtfterl and
enlarge tbat reserve, -and leprovid,
or sacn otner exceptional gemanas
qf'cQui as may arise,? does hoL.eem i
to me a work" of difficulty. If wise-
y planned and 'discreetlypursued. it .
ought not I0'cost'hy sacrifice to.xho '
Dusiness or me-coutrtry. it1 should -tendcn
the contraryrtofarrevival of - '
hope and conhdence.-- The coin in the
Treasury on the"30tb'of June, includ-
ing what is: held against coin certifi- '-;
cates, amounted i las nearly $74,000,- '
000. - The current of precious metals
which has flowed ont of; our country
for the eleven; yearsiifrom July ia
lbuo, to J une "suin iB7Gj averamntr
nearly $76,000,000 a year, was $832,- f ;
uw,uuu,iu iue wiiuio penuu, oi wnicU i
$017,000,000 were the product of on r i
own mines., -o.-. . ,
To amass the requisite quantity, bv
intercepting from the currentflowing
out of the country, and by acquirinir
f rom lb e stocks ?w hichTex ist ! abroad
without disturbing the equilibrium of .
toreigO; money markets, is a result to
bei easily worked out ; by practical
knowledge and judgment. ;
Vith respect- to whatever surplus
xf legal tenders the wants of business
may fail to keep in. use. and which.
in order , tpjsave interest, j will be re
turned for redemption:'; they vuu
either be paid orthey can be iundnf.
Whether they.oontinue as curreucy,
or be absorbed intav the va,st mass of
securities held as investment u
merely a questionof the rate-of : in
terest Jthey draw.V.iEvep if they we're
to remain in their present form.
and the government, were to agree to
pay ;on ; themVa rato " of sVintercst,
making them v de'sirable as I in vest
ments, they'.Vould 'cease .'to circulate
and vtake their place with govern
ment, State, municipal and other cor
porate and' private. bonds,, ,jf , vhich .
thousarfds 4of ? millions i exist J among
us. In the perfect ease with whiuir
they can be changed ; from curreucy -into
investments', lies the only danger
tOkbe- guarded against in the adop
tion of general measures intended to
remove a clearly ascertained surplus
--thatis, thewithdrawal of any
which are not a-permanent excess
beyond the'wants of business.-. Even
more mischievons Would be any mea
sure which affects thepublicitnagina
tion! with: the fear of. an apprehended
scarcity. In a community where
credit. is so much .used fluctuations of
values ; and vicissitudes; in r business
are largely bause'd by 'the ''temporary
beliefs of, men, evflri before those be
liefs cau'eonform' to ascertafned real
ities.,:Ti :'-' 'f'5-'
AMOU3STT OP KECESSABY CUERKNGY.
iiThe amount of j the necessary en r
rency:at:a given time cannot be de
termined arbitrarily,. and should; not
be iassunied on conjecture. . That
amount is subject .to both permanent
and temporary Changes. ;!An enlarge- j
ment of it,; Which seemed to be du
rable happened" at" thef beginning of j
the civil war 'by a -substituted use of
currency inpIaCe ofihdiyidual rere-
dits.-It" varies 'with' ceHalii states of " ;
businessl' . It fluctuates with 'consid - j
erablo regularity at different seasons
ofhe,yearj3injthe autumn. .f.i im
stapce, .when buyers of grai n ; a nd
6'ther : aicaUa'ral. jproda'c'tsX be'gtu
their operations, they usually need to
borrow capital or circulating credit?
by. which to. make their .purchases,
and want these funds in currency uu
pable' of being; distributed in sniall
sums among ', numerous sellers. iTh;
additional jieed of: currency at such
1 time8tis,fiv prj morer cent., .nf the
; whole volume, and if- a surnlus be-
I yotld what' is Jeq tlired "f--Qrdinary
Luse! does not happen to be on hanti at
the- money: centre a scarcity of; cu r
rncy; jensuesnd also a stringency
in the loan market. - - . . ,
ences that, in a discussion of this sub
, ject, in .my annual jrnessage to the
1 New .jYork :;Legislaiufeff Japuary. 5y
i1o, tlie'suggestio.nas'hHde that:
The Federal'goverhhient is bonnd
'to redeem every portion of its issues
which the publio do not wish to use.
Having assumed to -monopolize the
supplyof cuffen'cy and enabled ex-
I elusions agiust eyerybody"f!.lse it is,
I bound to furbisb all which, the wants
of ; business : require ? t .t . 4( 1 he
i system:; should ' passively ' al low the
jvplunie' ofcirculatirig 'credits i. to? ebb"
iand tlqw according tothe ever-chai-lirig
watits of businessAltTshould ii
Iral laws 6fTrTdewlcTn stipe'r
in a " similar rdhlculsibn; in -fffiy in.:,-:
sageiof ij an nary5 87 d,! it Wan: Wai.l i
b8uchiqeasure8 ;wiC(it;;i t; j
au;re;ate amount nf iln-- uiiui-y
sclf-ad justiug dui ing all ,t iie prtn-i'', ,
without Creaup ;
tiScial scarcity and wiifrouf yxcji
which impair oiifMt ' .'-n.t i Vvil.
the whole large macliii' r t -u ln4
mid 'disturb' th 'uaiftraV p. ration- of :'
bjisiness.' t. t'j.ffc.w IV
J -li.fi;; f ME AS SOP "EESttttPTl OtVI.Vi - r 't'
j' "Ifuouu ; econoiniesyUicjlal t 'r?-.f
.rench menJLsaidwjseiX : are '
.he means ; which the St. Louis Cu
mention indicates as pro vijjion for-rn-i
ielr venCrede'iiibtins.''' iJil--' !:' "
j The best resource is a redbctioii of :
ow its income, for that imposes wyt
jew charge on the people.- : . . Jt
i 1 tf hb We V eirt he i mp rbV itfeii ct;' a imr
eriod of falling, reyen 5
,o supplemeuC the", results, of recon '
naies and; retrenchments by some Jre-
sort to loanjJo :
iThe goy ern ment ou gh notj Iq .spe9u
aleonMtsd islionorfhhorder to
save iriterest on-itsbr6keti promises -which'
it still compels private 'dealer-;
toraceept atQa tictitioufjbar.t " The ,
niguesi iiaiiouai nunor is not -oniv
nght, but wotiid prove profa table. OC .
the public debt,- $985,t)0&;POD be'arVn-1
terest -at ix per ciTtTlriJ, ancl
ed of ought , grad n a I ly to 1 ob U i n. al
redoctiontof ono per cent, jnbe ii:- '
Rer. cent. 1 H"7'W ? ? -: