North Carolina Newspapers

i WM H. EERNAED,- Editor and Proprietor, . VILLllNGTOrJ, M. C.: : Mday, August lltb,tl876. JSTATIONAL , 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, OF INDIANA. Presidential Electors t j FOB BTATXrAT XABSK . DANIEI tt FOWWK, of Wake, ..St--' i 'JAMES H. IXA.CB. of Davidson. DISTRICT EJ5CTOBS Iit 1)ISTRICT LEWIS C. LATHAM, In ' 3d 4th 5th 6th tru Crti JOHN P. WOOTEN, v JOHN D. 8TANFOUP. F.-H. BUSBKi t, i FRANK C BOBBINS. ; R. p:WAEING. WAL B. GLENN, i 9 t ) n t A.C AYESY. d. i .l STATE . TICKET. T ' ' ' QOVEKNOB, ZRBXrQN.rB. VANCE, OF MECKLENETJRa. ' f I.rKTJT.' GOVEBNOU, V : 1 - t: ' T :." . -; ! 4 I OFPITT. 'r ' n I 1"' : t i- . .... ' ! rr it "rv -T c? O' tr "C XT A MJ 1 UUwnO' g, U4iii : fx OF WILSON. 1. - iwSKCUETARY OF STAtE,1 f f s - j asi P II ' A. ENG ELll A jiD, OF KKW HANOVER. t 1 i.j si ' TRKABtlliER, , J O II N "M.;1 WORTH, OF RANDOLPH." . r 1 . , AUDITOR, t 1 SAMUEL rL: LOVJ2, OF HAYWOOD. 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 , ' UVISXDELL. '1 r , p. --r " SIGHTH D1BTKICTV 'l r t - i ROBERT VANCE, . 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 left out lows: -i ,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.' on"hU;jierj60na1 party favintes.i TJ. CouslStiw 4 ConstUW ioit);u Hon, while it does'- iiot; tfvv-rnor with Mieh abs?Jue Atar. ' 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 gard I important.1 TOISDOIQI AT THE HELM 'We approved most - heartily the rr I 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 --r 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- credit suffer. 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 . 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.. NEWSPAPER OPINION. 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 uientfund." 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 other throughout 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 2832SWS?,S: 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-, '.and ncuragement 4?,s..v:"a"f;;!;l-',i';f mkiU3rMit. -;6fl);Fortbe :Srar, KHauTlIle Tlldeu awd Vaure re ciabvM 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. Drl J. 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 .. . .? . ; ?J!" Jfm 1 w i'rr.,n WT .uti nl!. I " - m- a.- . i fan. jj.: ivi.. vrtruuer. r'4-MMlJitf"(tt' S. Carr,'VicePresi- nppih a:--. ..... 1 1 ir : accrdance y with ilm (Viiistim. 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 exoected. 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- f$h f fieic "... .. u 'lira ui nV1. Hat ' ' ' . yon Mliotit Do'yoa feel drowsy Have I uute,:,ue', W ' Declines. 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- low debted settle . vise matter, further cosjt and inconvenience. 1 li 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 hi,h.M..MrPnWN j'RfinN .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 coming struggle. 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 Oemoeratle ITIeetlue In , Northwest iwuiuii-iwriuiiiou u( aiiaen. Messrs. outers: un f last Saturday,' 5th inst.. in PQrsuance l? a cal1 fromthe Chair- roan 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, Mr.1 made 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- iy Expounded Ilehdricks in Accord vvltli Til- - den. r: Admirable Letters with Common Sense Suggestions. 7i 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 that , at my.earliest convenience, and- unformity with nsas:e, :Iv would I in con 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 in excK.siye.isoverumeuiai.ijon8ump-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 I disaster. rr..ri V; v. - ' " J I W s' i ne General taxes or tne i ast eleven 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 -:-rriL ;ii t?i f 'ii Ji;I. i i ' '"S'.l. 7?wSfS' nnw fni 1im .1von rafli(ftwoiJfn,i'!1 141yV,M00 -Ot .legal tender Mpn;na n 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 speectmade;bye?bn:5he34tK 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 i 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 - eannoTifford lh 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 9 u.lBBDVB ?" uuaucienug ; wooiu; give the whole of it for the pkl, homely maxim," i .t t ;n,;n i t . i : . . eve'y Ptfratistssed 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 govern-; ment.. . - 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 dred popniations onct unnaturally lrat1ged; on . tbe basis 'recognizee OS- nized by 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 rfE 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" for ibe:-peon6? 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 st 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 markets. In 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 exist. ,3-.iv,--:,;.iT?'.'-Mf 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 i 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 V' " ders'as indi-. 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. - - . . , It wasjnjefejrencejio 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 i or. IU- Iral laws 6fTrTdewlcTn stipe'r fsedbf rTficlaliUrivabiiefArl in a " similar rdhlculsibn; in -fffiy in.:,-: sageiof ij an nary5 87 d,! it Wan: Wai.l i thaf resnmpUon'houitlJVfferri 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 thepubji 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 iastiErjwhichsbaveohduc 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 7A2,OOOoaf tMvouec&'iiTh 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 ? ? -: fMfinatclateiiottotoi&r' x