Chicago Daily Tribune Newspaper, August 5, 1876, Page 1

The hicone Wailp Xibmne, VOLUME XXXI. Grocery House. fInnerots Spring Wheat, “Flour, beat Minnerota Sp: “per Sk Flotr, winter wheat cholee, 0 Rice, heat Caraling, per B, [ “Tapioca, beat Flake, per 10 Chow Chov, Crosse & Blackwell, quarts 60 Mackerel, 16D kita, L LUh Whitefinh, 160 kits : 1.00 (Plekerele 150 kita, . . L0 A, Gorman, 00 bars, per ho: L3 Tobster, 10 cans, per. doren. L LT wiiame, 1 cana, per duzen. N ‘Blarch, G bo: s ein . ho @odn Crackers, heet, ‘s for, . B0 'Ratslos, 26 Loxcs . . 2,88 Cheese, New York dairy, pe . A Teas of fino qualily, per®, . 113 East Madison-st. TO IRENT. Desiranle Ofices TO RENT IN TETIB TRIBUNE BUILDING. INQUIRE OF WILLIAM C. DOW., Room 8 TRIBUNE BUILDING FOR RENT, LARGE STORE & BASEMENT At 4b Jackson-st., £OR #50 PER MONTH, VERY OHEAP, Inquirc on the premises, OCEAN STEAMSHIPS, 'ONLY DIRECT LINE TO FRANCE.~—The General Frapmanti Company's Mafl Bloarmiers hetween New ¥ t Plymoutt (G. B.) for (o S e e pie i vesscl or ¢ i 1a: panc Contincat (cabins provides electric lfilfi)’gfififn oot bicr No. 43, North Tihver, Ot S Centotas Laturddr, Agi. 12, . 3 BT, GE! 3 5. .1 LABRALOK, * Auk. 10, 4 p.m, Passa 14 (Includimg_wine) : First “I;Tm of Pumge tn goldt (Including wine) , 0 to 81! Ot Ing_to acconunodatiun; Recont, i g Cabit, §40. Teorurm 1iokels ab re Biicoh Tatoa. Alcerage, §28, with etk b < eiira charge. e LOUIS DOBERTAN, roraEar M. G W, WHITE, Ni .0 ourner Randoiph,” Agent for Chicaro. National Line of Steamships, New York to Queenstown and Lizesnool. FOR LIVERPOOL AND QUEENST! Do DIR day, ANg. b, 3. m. 3 and &0 currency, d rates, Bteersge tickets, Yeucy, Drafis for £1 sad npwardson Great iritaln. Apply to P, ng?fi(hfl STATE LINE. NEW YORK TO GLASGOW, LIVERPOOL, DUBLIN, BELVAST, AND LONDONDERIIY, * RTATE OF NEVADA, Thursday, Aug, 8 BTATE OF INDIAN, hursday, Aug. 10 Aud every alternate Ti after, Cabins, 870, i ond accurding ta accommodations, Jeturn tickets, 00 to $125, currency. BLeCrago lowes! ek *apsly o AT BALDWIN & L0 Genoral Reente " SPA ARIACK, anoger, 58 Ciark-st Chicazo. AMERICAN LINE. PHILADELFHIA AND LIVERPOOL. Cabin, intermediate, and steerago passage AT LOWEST RATES. Ocneral oftico, 138 La Salle-at., corner Madison, J. 1, MILNE, Western Agent. North German Lloyd. The steamers of this Company will rafl every Sature doy frum Iiremen Pier, rga: yo_l ‘Third-at., Hoboken, Liates of pawsage—From New York to Southsmpton, London, Hovre, and Brenien, first cabin d cabn, £00, gold; steerage, §30 currency. or pasaage apply to Great Western Bteamship Line, From New York to Dristot (England) direct. CONNWALL, Stamipe Thursday, Aug, 24 BOMENSET, Western, cdnesdny, Sopt. U Cabin pasmage, $70; £434 Steerano, 810, EXoo o ke Sl remwd Siecrazo Sertincaten & AWl E "WIILTE, o7 Clark:it., Michigan Ceutral Hailroad. ARTINTIC TAILORING. 15 Per Cent Discount on all Garments ordored of us dur- ing July and August. BLY & CO., ARTISTIC TAILORS, Wabash-av., cor. Monree-si. SI'ORTSTEN'S GUNS, FISIT oDns, TABLISHED 1833, NANCIAL. L3 AL S A A P PR AN P 7 PER CENT. Larce Joans on cholco business roperty st SEVEN #14,000, 810,000, §8,000, §2, 0Bt Y, SCUDDER & MARON, 107-100 Dearborn-st, LOANS ON REAL ESTATE 4 from $1,000 to 810,000 on §mproved clty 5 and productive fatx. BALDWIN, WALKER & €O, Tliawloy Bullding, 5.\, cor. Dearborn son. HONEY AT LOW RATES Toloan on Warchouse l(m‘:lPIl for QGraln and Frovis: iuns, on Clty Certificates and Vouchers, on ltents and Morigages, LAZARUS BILVEN Nauk Chamber of ierce. MISCELLANEOUS. "CAMPAIGN OUTFITS. Weare |lrl,"x)nrl."l to furnish completo outfits for tampalgn clubs at short notice, Uniforms, Han- ey, Transparencles, Flags, uud{\-‘ &e., ke, + 4. BEALDING & ko, o 118 Randolph-st., Culcago, 11l circulars, INOTIOH. The Congrepatlon Oluvy Sholem Maryampoler wnnounce to 1l the lsraclites that they will have the celehratiun of thefr new synsgogus on Sunday; Aug.u, ut 1o'cluck p, o, at No. 670 and 57034 Sout! Canal-at, ~ AIl larachites are Juvited to be presen L LEVIN, President. Muuufacturcr of Ladies' Fina Furs ana Trimnlogy, Alteriug FURS === §27 Send for aud pilung, T4 Mautson up-al Bhiiks _BuALES, cAIRBANNG' ATANDAKD OF ALL KIND3. FAIRBANKS, MORSE & 00, 111 & 113 Lake St., Ohicago. Do casofultobuy caly the Geaulae, SAM AND TOM. They' Finally Succeed in Writing Their Compo- gitions, d The Hard-Money New York- er Draws It Mild on the Currency. He Wants Resumption, but Ample Preparation Is Needed ; Likewise “a Human Intelli- gence,” Which Is Tie. The Western Inflationist, Not to Be Outdone in Generosity, Abates Materially Ilis Devo- tion to the Rag-Baby’s Interests, Exposure of a Pretty Piece of Democratic Enavery. Wisoonsin to Be Flooded with Bogus Bepublioan Ciroulars, An Authoritative Deninl of the Rumor of Cullom’s With- drawal, Second Congresssional District-- Republican and Democratic Candidates. News at Headquarterse--Minor Heet- inge---Congressman Caulfield’s Rpcnrd. THE LETTERBS. TILDEN. M8 BLEVENTIU-MOUR ACCCPTANOE. ArDANY, Aug. 4.—The following {s Mr, Til- den's letter of acceptanve: ALDARY, July 81 —GrsTiensx: Whon 1 had the honor ta recelve the persunal dellyery of your lot- ter on behalf of the Lemocratic National Conven- {ion held on the £8th of June, at St. Lonss, ndvis- ing mo of iny nomination as the candidate of the conatituency represented by that body for the oftice of President of the United ‘Btates, L anawered that and In corformity with at my earllest convenienco, ucape, 1 would prepare und tranamil to you a for- mal acceptunce, 1 now avall myself of tho fitat in- térval in unavoidablo occupations to fulfll that en- Eagement. 'ho Conventlon, hefore mnklnf{ its nominations, adopted & declaration of princi rle!, which, a4 & whole, secms to me & wise oxposition of t%e neces- sities of our country and of the reforms needed to Lring back the Government to its true functions, to reatore tho purity of sdministration, and to re. new tho prosperity of the people. But some of thege reforms ure 50 argent that they claim MORE THAN A PABSING AIPROVALL The necesslty of a reform in the scale of public expense, Federal, tato, and municlpal, and the modes of Federal tazation, justifios nil the promi- nence glven to it In the declaration of the St. Louis Conventlon, Tuy qrucnl depreesion n all the business and industries of the people, which Is durmlnx Inbor of it em- ployment and carryin, waut into 0 many homes, has its principal cause I the exces« sive Govermnental consumption under the flluslons of a specious proaperity engendered by the falso pollcy of the Federal Government, - A wuste of capital haa been foln on ever alnce the peace of 1805, which could enly end tn universal disaster. The Federal taxes of “the Just eleven years reach the gigantic aum of $4,500,000,000, Lacal taxu- tion hias smounted to two-thirds ng much mor ‘Tho vast aggregate I not less than $7, 500, 000, 0600, This enormous taxation followed a civll conilict that bad greatly impalred our sggregnto wealth, and had made & prompt reduction of expense inglls- pensavle, It wis u{lgr:valad by the most unsclan- tific and fll-adjneted .incthods of taxation that ine creased tho racrifices of tho people far beyond the receipts of tho ‘Ireusury, 1t " waw aggravated, morcover, by 8 financlal policy which tendod to diminish the energy, skill, ond economy of production and frugality of pri. vate consumption, and fnduced miscalerlation In business o wnremunerative of copital and _ lubor, Even in prosperous tines, the dally wants of industrious communitics press closoly upon thelr dafly earn- inge, The margin of posaibio natfonsl savings fs at best a nmall percentage of the natlonal earnings. Yet now for these eleven yeurs the Governmental consumption has beon a Jurger portion of natlonal _earnings. than the whole people can porstbly auve oven in prosperous times lor ull new nvestments, TROPHET SOUL. The con!m‘nnnfl‘n of thesc errurs Are NOW o prese ent publiccalamity: but thuy weew nover doubtful, never Invisible, They were necessary and inevit- sble, and wery foroxoen nnd depicted when the waves of that fictitlous lll’m]u:r“! ran highest, In nmcch mado by me on the 24l of Septem. ber, 1808, It was sald of these taxes: . “‘Phoy'benr heavily upon overy man's income, upon every Industey, ‘ond npon cvery businues in tho country, anid year ll{ year they aro estined to press still” more heavily, unlesd they arrest tho wyalem which gives rlxo to them, It wod come .paratively easy when values were doubling under the repouted fssues of legal-tender paper money to pay cut of the froth of our growing and ap- parent wealth theso (axes, but, when valucs qeceds and sink towsrds thelr natusal seale, the tax-gatherer takes from us not only our lucome, not ouly oar profits, Lut also a portlon of ourcapltal, 1 do not wish o czag- crate or alarm, ord the costly and rulnoun policy of the Radical majority of ‘Cougress, Wo cannot niford that ,nuuc{ toward the South, We cannot atfond the magnidcent ana u{sprmllvu contralisin futo which our Government 1a bclnf converted, We cannut afford the present mugniticont scale of taxation, * 70 THE BECRETARY OF TIIB THEASURY T satd oarly In 1605, that **thoro fa nat the roynl road fur a Goverument mora than for an Individunt or a corporation. What you want to do now s cut down Jour expenaes and fivo withln your fucome, 1 woild give all the legerdownin of Ananco Atd fnanclering; 1 would give the whole of it, for the old, homely maxim, **Live within your {ucome. ' ‘This reforin will bo reslsted ot overy atep, Lut it mustbo prested perslstently, Wo sco to-day the fmmediate reprexentatives of the people fn oue Lranch of Congress, while struggling to roduco ex- penditures, compolled to cunfront tho ineusce of he Senateund Executive, that unless objectiona. Lle appropriutions Lo consentud to the operations of the Government therounder shall saifor dotel ment or cease, 1o my judgment un amendment to the Constitution ought 10 bo dovised Noparating fnta dfatinct bille oppropristions for the variang departments of tho public service, and excluding from each bill all appropelutiona for other vbjects and ol Independent legivlation. I that way alons can the revisory power of each of tho two i’mm and of the Kxecutlve be presorved and exempted from tho moral durcss which often compain assont toubjectionable u|-pmrrlnlluun rathor than stop the wheels of Goverunient, TUL SOUTIL An lccnmr( couve enhancing tho distress In Dbusiness is to he found In the ystematic and Ins aupportable mlsgovernnent Imposed upon the States of the South, Besides the erdinary effecty of ignorant and dishonest administration, -1t has funitted upon thew enormous (ssucs of fratidulont bonds, the scanty avalls of which were wasled or atolew, and the exlatenco of which by publlo dis- it, tending to bankruptey or repudistion. Taxes generally up}»ru-h‘u i aomo Instances have confacuted thu vnilro lncomo of the propurty) und total}; dulrv{cd 1ty marketable vuluy, Iieme |mul{ls that thevo evils ehuuld not react upun tho prosperity of the whote country. Tho nobler imotives of humanity concar With tho - terial futerests of wll in requichig that overy obatacle be removed to @ com- et and durable reconcllistion between o ':Xudml vopulation once unusturally estranged on the Mhrucuuulxadlxr the tit. Louls platform— the Constituticn of the United Statew, with ita amendmenta unlversally accepted an a final ecttlcs |_ment of tho controverales which cogendered clvld CIIICAGO, SATURDAY, AUGUST = 1) wary Lot in ald of & result ro heneficent the moral irituence of every good cltizen, as well na cvery Uavernmental authority, ought to he cxerted, nat alone to maintaln lllelr{lultn quality befare the Jaw, but likewlro ta establish a cordial” fraternity nud rood wiil among citizens, whatever their race or color, who are riow united in the one destiny of a common seif-government. 30 the duly shall be oaslgmed to me, I shall not fail to exercine tha powers with which the lawa and Constitution of our conntry clothen ita Chief Maglstrutu to protect all its citizens, whntever thelr former condition, in cvery palitical and personal 1lull;{: TIR CURRENCT, **Roform 1 nlccnmr{. " declares the 8t. Lonls Canventon, *‘to cstablish & sound currency, re- rtaro publLc credit, and malntatn the natlanal hone or,” ond It goes on to demand a jndiclous aystem of pr ation by publie ecanouifes, by oflclal re- tronchmen and by wise finance, which shall en. abla the natlon suon to asure the wiole wortd af 1ta perfect abllity and ita perfoct readiness to meot any of ita promires at_the call of tho creditor en- titled to payment. The object demanded by the Convention A & resumption of pecie pryments on the legal-tender noten of the United Biates. ‘That would not only restore the pubiic credit and mafn- tain the national honor, but it woul establish a ronnd currency for tho people. 'The meth- ods by which this object s 0 be pursued, and the menns by ~which it in to be attalnei aro dinclorer by what the Con- yentlon demanded for the future, and by what it danonnced in the poat. Tha rosumption of specic paymenta by the Government of the Unlted States on Ha legal-tender notes would estahlish apecio payments by all the banks on all their notes, , The ofticial ntatement mado on tho 1£th of May shows that the anount, of bank-notes wax $100, 000, 000, lesn 820,000,000 held by themselves, Agninst 284), 000, 000 of notea the banks held $141, 000, 000 In'legal-tender notes, or a littln mors than RO per cent of their amonnt, Lint they also held andeposit In the Federal Treannry, ux security for these untes, bonds of the United States worth In ‘{uldnlmut $:300,00,000, aruilable and carrent 1 all foreign money wurkete, In resmning, the bnnks, even it it were possible for all their notes 10 bo presented for payment, wonld lave $500, - 000,000 of specie funis 1o pay $280,000,000 of notes, withont contracting their loana ta thelr cun- tomers or calling on aug private debtor for pny- ment, Buepended bauke, undertaking to resume, buve usunlly been obliged to collect from needy borrowers the means $o rodeen axcessive lasues and to provide rescrves, A vogne idea of distreas Ju therefore often assoclated with the pracesn of re- wumption, but the conditiuns which caused the din- tress in those former Instances do not now exist, "I'he Government hax only to MAKI GOOD 1TS OWN PHOMISES aud the hanks can take care of themeelves without distressing anybody, The Govermwment s, thero- fore, the sole dellnquent, The amount of leal- tendor notes of the United Statea now ontatand{ng, 18 less than $3370,000,000, besides $34, 000, GO of fractional curreucy. How' shall the Government nake theay notes ot all times as good aa epeclo? It hos to provide In reference to the mass which would Ue keptin use by the wants of business a central reservolr of coln, adequate to the adjost. mant of the temporary fluctuations of (he internas tional balance, and as a guaranty ogainst tensient dralus, mmcmn[ created” by panic or by wpecnlution. t has atso to provide for the -payment cofn of such fractional carrency as muy he presented for re- demption, and such inconaiderablo portion of legal tenders as indlviduals may from timo to time desira to convert for apectal use, or In order to lay by in coin their littie store of money, To make the coln now in she Treasury avallabie for the ob- Jects of this reserve, to gmdunndv strengthen and cnlarge that rescrve, and wo provide for ich other exceptional demands for coin as sy arlse, does not seem to we & work of difMiculty, [f wisely planned and discreetly pursued, It oight not to cost nuy macrifice Lo the business of the country. It ahould tend, on the mmmr{, to the revival of hope and contidence. Tho coin {n the Troaaury on the 10th of June, jncluding what .is held against coln rertlticates, amounted 1o nearly 874,000, 000, TIE CURRUNT OF FARCIOUS METALS | which has flewed out of vur eu%gu-y for cleven ears from July 1, 1805, to June 30, 1870, averag- ny nearly 70,000, 000 .K"r‘ Wi 2822, 000, 000 In the whele perlod, of which 817,000,000 were the product uof our ewn mincs. 'l'o amass the requinite quantity by Intercepiing from the curront flowing aut of the country, und by acquiring from the stocks which exist abroad withont disturbing the equilibrium of forelgn money-markets, 18 n re- snltto be easily worked out by practieal knowledge and judgment. THE GREENDACKS, With respect o swhatever surplus of legal-tenders the wants of business way fall to keep in use, and which, in order to save ‘intereat, will be returned for redemption, they can cither be pald, or they can be funded. Whether they conunue a8 curroncy or be absorbed Into the vast mass of sccuritien lickd us Investoients {s merely a question of the rato of intercst they deaw. Kven if they were to remaln In their present form, and the Gov- erunent were to agree to Efly on them nrate of Intorest waking them desirable ua Investmunt, the: wouid cenre to circnlaty, and take their place with Government, State, mnnicipal, and other corporate und rrlvnlu bonds, of which thousands of millions exist among un, 1n the perfect case with which they ean bo changed from currency into {nvest- mentstles | TIIE ONLY DANGEL to be guarded against In the adoptlon of gencral measures Intended to remove a clearly-ascertained surploy, ~that 14, the withdrawal of uny which is not a permanent vxceas beyond the wants of business, Even more mischiev- ons wounld . bu any messure which aifects publlc lmagination with the fear of an ap- l:ruhcm ed acurcity in a community where credit so much used, " The fluctuations of values and viclssitudea In busfucss aro lnrz{)ol{ cansed by the temporary bellefa of men even bofore tholr belicfs can conform to ascertained realities. The amounnt of neceesary currency at a glvon time cannot be determined arbltrasily, and should not bo aesumod on conjecture, The amount ls ubject to both permanent and temporary changes, An enlargement of it, which secmed to Pe durable, happened ot the' beginning of tho Civil War by a substitated use of currency place of Individnal credits, It varies “with certnln mtates of business; it fluctuates with conslderable regularity ut ditferent seasons of the year. In antumn, for instance, when buyera of grain and other agricultural prod- Dbogin taelr operations, thoy twually Lto borrow caplial or circulating credits by which to make thelr ‘:nrchnuel. aud want theso funds In currency capable of being distributed in small sums “among the numerons sell- era, Tho- additional neced of currency at wsuch times 18 O or more per cent of the whole volume, and if a surplus beyond what In required for ordinary nso docs not happen to huye been on hand at the money-centros, a scarelty of currency ensues, andalso i stringency in the foun market. 1t waa fu referenco to such cxporfences that, In the discussion of this sub- et in my nnnual messago to the Now York Legise nture of Jan. b, 1875, tho augeeation was made that ‘*‘the Iedersl Govenment {8 bound to redowin every portion of jts lusues which thu public donot wish to use, Iaving ase sumvd to wonopolize the supply of currency, und enacted exclusivences ngulnst everybody elne, it 1s bound to furnleh all which the wants of busincas require, The system should passively allow the va?-urm of :lmnmmfi credits (o obb aind flow ac- carding to the ever-changing want of busincss, It should imitate as closely as possible tho nationaf laws of tende, which 1t hus superseded by urtiicial contrivancess ™ and, v 8 similar discueston fu my message of Jan, 4, 1870, 1t was sald that, **Ke. autption should be effeeted by such mensures ns wonld keop the aggregate amount of currency self- adjusting, without creating at any titne an artificial wcarcily, and without cxclnfi public imagination with alarms which hinpale contldence, cuntract thu Wholo laryo machinory of crodli, and distarb’ the 1 simply nay that we cannot nf.’ natural operations of buaines Publlc cconomics, officinl retrenchments, and wisy finance aro the means which the 5t, Lunly Convention Indicaten as pravision for resources snd redemptions, The hewt resource {98 reduction of the expenses of the Government below its ine come, for that inposcs no new charge on thu peo- plo, *If, however, tho improvidenco und wasto which hava conducted us toaperiod of fulling ravenues obliga us to supplonient the rowulta o sconvmics and rotronchnioita by some ‘resort (o loane, wo should not besltate, The Government OUGUT NOT TO SPECULATE ON ITd OWN b3 HONOK fn order to save Intorest on it hrokeu promlises which it stfl] compels private donlers to accept at n fictitlous pav, Thu highest Natloual honor ty not only right, but would prove munuhlc. ! the ubllc debt £085, 000, 000 ar interest ut | per cent In gold, and $712,000,000 ot 6 per cent in gold. The uvcnqic interest ks 5,58 per cent, A financisl policy whichishould securo the highost credit, wisely avalled of, ought gradually to obialu a reduction of I!mr cent I interest oit most uf tho loane. A saving of 1 poer cent on tho avurage would be $17,000,000 a year In gold, 'That maving regularly Investod at 434 per cent would in Toss than thirty-cight yoors extingulsh the pelnci- pal, Tho whole of the il,'iflu, 000,000 of Tundod debt might be pald by this saviug slono, without coat to the people. REBUMPTION, ‘The proper time for resumption ls the thino whon wiau proparation shull have ripened info porfect abllity to sccomplish the ebject with a certulnty ond “exso that will jnsplre coniidensq anid encourugo tho roviving of busines, The casmbosg time {u which auch a rosnlt cun bo bronght about Is Leat. Lven whon preparations shall” have boen atured, the exact date would hava to be chossn with roforence to the thon existing stato of trade and crodlt operations inour own couniry, and the courss of furelgn comumorce and conditivn of ex- changes with other nations, The specific meas- ure aud actunt dato arc mattors of details, having reference (o uver-changing conditions, They bee ongto the dowaln o l:‘mcucnl. adminlstialive statesniauship, Tho Cuplain of a steamer, ubout siarting fram New York to Livorpool, docs not asseinblo a cunucll over his ocosn craft and fix an angle by which t tho ruddor fur tho whalo 0 lnsh yoyase. A human intelligence iust bo at the kol to dlscorn tho shifting forces of watcrs snd winds, A human mind must bo at the helm to feel tho cle- wmonts day by day, aud gaido Lo a mastery over thew. Buch prepartions are everything. (me- out them a tive comnand dxiug a day, an ofliciat promlse day, are shams.” They ate worse, They 8ro a narc and a delusion to -xfwxm trust them.” They destivy all coalidonce smoug thoughtful men whoss judgment il at last svny public opinlon. An aflempt to act on suth a com- atil ne aitely & promise withont preparation would end In 8 new suspension. 1L would be a freah culamity, prolific of confusion, distrust, snd dis- trowa, TIE RESUMPTION ACT. The act of Congressof the 14th of July, 1R73, enacted that on and after tha 1st of Janury, lfiflll. n the Becretary of tho Tresaury sholl redecm in legal-tender notes of the United Staten on pres tation at the oftice of the Assiatant Treasurer In tha City of New York, It authorizes the Reere- tary to prepare and provide for auch reanmption of apcclo payinenta by the nse of -ng surplus revenues nut otherwire appropeiated, and by lesuing in his discretion certaln clamnes of honds, More than onc onda half of the four years linvo passed, Congresa and the Prestdont have continued ever since to unite In acts which hava legislatod ont of oxistence cvery _possible surplns applicable to this purpose.” The culn In the Tresaury claimed to belong to the Government had, on the 3 July, fallen to loxs than $45, 000,000 A%, 009, 000 on the 1st of Janusry, 1875, uvnilnbl'll(nl a_part of tat auwm' v Kald to be ueationable. he revennes are falling faster than uppropriations and expenditures are reduced, leaving the Treasury with diminishing resonrcen. 'The Yecretary lias one nothing under hix er o Issue bonds. ‘The Jegislative mmmaml! he official promize, Axing n day for resumption have been made, There has been no progrees. There have been steps backward. There s no necro- mlmc{ in operations of the Government, The homely maxime of every-day lifo ars the hest atandards of ita conduef, A debtor who should promise to pay a loan ont of his surplus ncome, yot be seen every day spending all ho could Iny hla hands on in rlotous fiving, would lose all characler for honewty and veracliy, 1iis offer of a new rmmlfle. or his ‘lm[enlnnml 1o the vaine of Lils old promiee, wonld alike provoke derfeion. THE LEGAI-TENDERS, The 5t. Louls plutform dencunces the falluce for eloven years to malke good the promise of the le- gal-tender notes, It denounces the omisslon to Recamitlate any fewcrve for their redemption. It denounces the conduct which, duriug cleven years of peace, has made 1o advances towards resump- _tlon, o preparations for resumption, but instoad haw obstructed resumption by wasting our ro- wonrces, and exhaurting all onr” surpius incume, and, while professing to Intend o specdy resumpilon of specle paymnents, hus annunl- ly cnacted fresh hindrances theseto, and baving first denounced the harrenncss of the prumireof a dny of resumption, it nexi denounres ‘that barren promise ax **a hindrance fo reaumption.” It then dewands Ita repeal, aud also denands the estab- lshwment of **n_Judiclous system of preparation for resnmption. " "1t cannot ‘he doubted that sup- stitution of a systen of preparation withont prom- ise of u duy, forthe worthless promieo of adoy without a eystem of preparution, would he thegain of the substunce of resmnption u exchange for ity shadow. Nor Is the dennnciation unwcrited by that Improvidence which In cleven years sinco the peace has_consiuned $1i,5600,000,000, and yet could not afford fo give 'the people o sound und stable carrency. “I'wo and a half per cent on the oxpenditures of these cleven years, or even less, would have provided oll the additional eoln noedful for resitmption. “The distress now feit by tha prople i1 all thelr business and indaetries, though 1t hus ite principsd eanse In tho enurmons waste of capltal occaaloned by the fulse policies of our Goverument, 1A% WEEN GREATLY AGORAVATED Dy the mlemanagement of carrency, Uncertalnty {8 the prolific parent of miechlet in oll busiuess. Nover were ita evils more felt than now, Men do nothing becaurc they ure nuable to make any cal- culation on which they van safely rely, They un- dertake nothing bécaure they fénr o loss in cverything they would attempit. They -mr s walt, 'The merchant dares nat buy for the future consumption of his customors, The manufacturor dures not muke fabrics which may not refund bis outlay. He shuts his factory und discharges his workincn. ~ Capltallels cannot lend on socurity they consider eafe, and thelr funds be alinost with- oul interest. Blen with enterprise who luve credit or wecurities to pledge will not borrow, Consumption has fallen below the natural limits of & reasunable economy. ‘The prices of many things aro -under their raugs it frugal specio-paying times before the Civil War. Vaat marees of cur- rency lle in the bLunks unused. A year and o hal ago legal-tenders wera ot thelr largest volume, und the $12,000,000 slnca retired have heen replaced by 8100,000,000 of bunk-notes. In the menntime the hanks have been surrendering about 4,000,000 u tnonth, be- caupe they cantiot find a profitable nse for so many of their notes, The public mind wil no louger acceptahAms, It hassuffered enough from illu- slons. An insincere policy increascs distruet, An unstable policy increases uncertainty, The peo- ple need to know that the Governmént fo moving in the direction of ULTIMATE SAPETY AND PROMPERITY, and that {t fs dolug so thraugh prndent, nufe, and conservative methods wiich will bo sure o reflect no now sycrifice on the businessof the country, Then the inspiration of @ now hapo and welle fonnded confidence will hasten the restoring pro- cusues of nature, and prosperity will begin tore- tura, MORE PREPARATION, The St. Lonls Convention congludes its expres- slon in regord to thu curreney by a declaration of its convictions as to the prastical results of the aystem of preparation it demayids, It zays: ** We believe such a systewm, well devised, and, above all, Intrusted ta competent handd for esccution, cre- ating at no tine sn artificial acarcity of the curren- cy, und at no thne alarniog the public mind Intoa withdrawal of the maater machinery of crudit by which 05 per cent of all business transactlons aro perforined, 8 system n‘pu". nublic, and insplriug general confidence, wonld from the day of its adop: tlon bring healing on ity wings to all'our harassed industries, sot in motion the wheels of commerce, manufacturcs, and tho mechanic arts, restore em- ploymentto Jabor, and_renew i ail its natural Botircea the prowpority of the people.” The Governmunt of the Lnited States, Inmy opinlon, can udvunce to n resumption of specly paynients an its l(“lnldt'lldur notes by graduul aud safo pracesses tending o relleve the present busi- nees distress. I¢ charged by the peaplo with the ndministration of the Excentlve oftice, Ishould deem it o duly €0 to excrciwo tho powers with which it hias baan or muy be Invested by Congress, as the bet and soonest 10” conduct the conntry to that Leneflcent rosult. TUE CIVIL EERVICE, . ‘Tho Conventlon justly uflirms that *‘reform is necessary in tho UCivil Service, necessary to Its puriticatlon, necessary to fts econowmy and fts et~ clency, necessury In order that tho ordinary eme ploymiat of piiblic business mny not be o prize ought for = at the _ ballotbox., u = Te- ward of party zeal, nstead of posta of honor asslgned for proved competency and hold for idelity in public employ," The Convention wisely allowed that reforms Are neceasary uven tmore ln the bigher grades of publlc eervice— Prostdent, Vice-Presldent, dudges, Senators, Rops resentutives, Cebinet offcers,” These and ail athers 1n anthority are not o privale perquisite. They are a public trust, T'wo ovils Infest ofiicial servico of tho Federal Government; ony s the prevalent and demarlizing noflon that the public servico exints not for the bustuess nud beneft of the whole poople, but for the intorest of ofiice- holders, who ure, In truth, but ssrvents of the peo-, ple. Under the Influence of this per- nicloun error, publle_ctaployments have been multiplied, the numbers of = thoss gothe ered Into the ranks of ofiico-holdlug bave heen steadlly Incrensed beyond any lloflslb!u requirement of the public busincss, while nemclenc{ peculas tion, frand, and malversation of publlc funds, from high places of power to the lowest, have overspread the wholo service like u leprosy. Tho ;Mll're\‘lll!! tho organlzation of the oficial clusy nto e A LODY OF POLITICAL MERCENAIIES, governing caucuves and dictating tho nominations of thelr ovn. |1.1r|{. and attempting to carey ele tlons of the people by unduo infucnce and f im- enee corruption funds systematically collected from the salaries and fees of oflechoklers, The ofiieln] clagw in othor countries, sometimes by fts own welght, aud sometiues in ailiance with the apny, hus been able to ruls the nnorganized tnasacs. Even under universal here It lus ulready grown Inte & glguntic power, capable of llhllmi instincts of n yound pub- llc oplnion, aud of resisting sn eusy chango of Ad. ministrution, until mlsmanugement becomies intol- erable and pubilc ¥pielt has been stung to & pitch ol u clvic revolution. THE PIRST BTED IN BBCORM 15 tho elevation of the standard by which the a pointlng power sclocts the 2gents "t executo ofl cln truges, Noxt dn fmportince ta a consclentio fjielity In the exercise of nullmrllz 1o hold 1o connt and displaco untrustworthy or Incapable fnsubordinates. ‘fhe public intercat in an honest, skiliful performance of an ofiiclal trust must not by sacriliced to the usnufruct of tho incume bent, After theso fmmediate slops, which will fnsure . the exhlbition of hetter examples, we sy wieely go on to the ubolitiun of unnecesvary ottices, and finally to the patlent, careful organization of u better cfvil sur- Vico systen under the test, wherever practicable, of proved competoucy snd fidelity, TORIOWED THUNDER. While much might he nceomplivhed by these metloda, it might encuuruge deluslve expectutions 3 1 withheld her tho expression of iy convletion that no reform of the civll vervico tn thls country will be completeand permancnt until its Chlef Moz {rtrato Jo constitutlonslly disqunibied for re-clec- tlon, Exporlence having ru}muindly cxpuscid tho futility of self-lmposed sestriction by candidatos vr incumbenty, through this ticana only can ho bo etfectnally deliverci r#n his groatost templation 1o misuge the power apd patronage with which the Exo cutbve I8 uecessarily charged; MYBELP, Lducated n the bellef that it is tho firat dut of a citizen of the Kepublic to take s fale allatment of caround troubls in pubile atfairs, 1 havo for forty years, usu privato cltizen, ful- Mled that duty, “Thoigh occupled in an une usual degres during ull shat period with con- corus of Government, I have never acquired tha “hablt of oficlal Jife. When o year and 8 huif ugo I cntured upon my presont teuat, §L was in ordor tw consummate tie reforins to which T bud aiteady dovoted sercral of the Lest years of my life. Knowing s I do, (herefore, Troin freshoxperlonce, how great the'diforence ls between gliding through an oticlal routine and working su a reform of systews and policles, 1t {s Impousible for me to contempilute whut uceds tv bo dooe in the 1876—TEN PAGES. Kederal adminiateation without an anxions senneot the dificulties of the undertaking. 1{ snmmoned Uy the anifrages of my countrymen to attempt thix work, I-Imlrémlélvur. with God's belp, Lo the efMclent instrument of their wiil, (Signed, ) © Bawgrt J, TIDEN, “'I‘A}‘U!l'lrl. Jolr,m '}i ijm:;num\il (‘:‘hnllrlmnm" ar;. V. B, Franklin, 1ton. . Abbott, Hon, . J. Spannhorst, ifon. IL J, Reddeld, lion, ¥, 8. Lyun and others, Committee, ete. IIENDRICKS' LETTER. AN OUTWARD SIIOW OF TIIE BENATON'S TRUE INWARDNESS, SAnrATOAA, N, Aug. 4~The following fa Ar. Hendricks' letter: Inptaxarvorts, Ind,, July 4, 1870.—QEXTLENEN: 1 have (he honor toacknowledge the receiptof your communication In which yon have formaily noti- fled me of my nomination’hy the Natloosl "Hemo- cratic Convention ut 8t. Louls, 88 thelr candidato for the office of Vice-President of the United Btafes, It In a nomination which I had neither cx- wected nor deslrcd, aud yot 1 recognize and appre- clato the high honor dune me by the Conventlon. The cholce of such a body, and pronounced with ench unuenal unanimity, and accompanied with so gencrous an expression of esteen and confidence, ought to ontweligh oll merely personal dexires and preferences of my own. 1t s with thiy feeling, and 1 trust, also, from a deep aenee of public duty, that I now ACCRPT THE NOMINATION, and ahall abide the judgment of my countrymen, It wonld have been Imposaible for ine to accept the nomination If 1 could not hoartily indorre the plat- forn of the Canventlon, 1 ata gratifled, thercfore, {0 be able uncquivocally to declire that 1 agree in the principles, upproge the policles, and sympathize with the F“”’"“ efunciated in that “platform. The Institutiona of our country have been norcly tried by the exigencics of civil war, and rince the eace hy u selfish and corrupt management of pub- ic affaira which haws shamed us before civlilzed manktnd, By unwine and partial legislation, Every Indnstry and interest of the people has been made 0 sufler, aud in the Exceutive Departments of the Government distonesty, rapacity, and venality have debsuchied the publle rervice. Men known 1o be unwortby lLave heen promoted, whilst others have leen desraded for fidelity tn oflicial duty, Pubiic office has been made the means of private profit, and thn conntry has been offended to sce n clars of men who hoaet the fricnd- ship of the aworn protcctors of the State amsseing fortunes b{ defranding the Public Treasury and by corrupting the scrvints of the people, In euch a'crisle of the history of the country, 1 rejolee that the Convention at 8¢, Louls hos so nobly ralsed the stondard of Reform. Nothing can be wels with us or with our affaira until ‘the public consclence, shocked by the enormoue evils and abuscs which prevail, ehnll have demanded and comvelled an un- rpacing reformstion of our Nationsl Adminlatra- tion in its Lead and in its members, In such # - reformotion the removal of a alogl officer, oven the President, s comparatively o trifling matter. 1f the system which he represents, and which has fostered him as he hae fostered it, is suffered to remain, the President alone must not be msde the scapegoat for the enormities of the system which infecta the public service and threatens the destruction of our i tutions In rome pects, Ihold that the present Executive has been THE VICTIM RATIER TUAN THE AUTHOR of that vicious system; the Congressionat and par- ty leaders have Deen stronger thanthe Preeident Noons man could huve created it, and the re moval of no one saen can amend it. It is thor- oughly corrupt, and must be swept remoneelersly away by the election of A Government composed of clenients antirely now and pledged to radical reform, The first” work of reform must evie dently be the restoratiun of the normul opera- tion of the Conetitution of the United States with all {ts amendments. The necessities of war cannot bo pleaded In a time of peave. The right of local sclf-government, guaranteed by the Con- stitution, must be everywhere restored, and the ceutralized—almost personal—Iimperiallsm which han been practiced must be dune nway with, or the gult principles of the Repablican Governwent will & lust, OUR PINANCIAL SYSTOM of expedlents must bu reformed, Gold and allver are the real standard of yalucs, and our national currency will not be & perfect medium of exchange uutil it shall be convertible at the pleasure of the holder. As 1 havo heretofore said, no one desires & return to epecle payments more eanestly than 1 do; but 4 do not pelievy it will or can be reached in ‘harmony with the intcrests of the pcnrlu by artificial measures for the contraction of the currency, any more than I believe that wealth oF pormatcny prosperity can be created by g fn- fintlon of currency. 'Tho laws of finance cunnot e disregarded with impunity, The Snanclal pollcy of the Uovernment, if indced it deserves the namu of policy st ail, has been tn disregand of thean laws and, therefore, has disturbed the commercial und businces confidence a8 well as hindered o return to specie payment. One feature of that policy was TUE KEJUMPTION CLAUSE of the act of 1875, which has cubarrassed the country by the anticlpation of a Cflnlfllfllflr’ Te- sumption for which nu preparstion had been made, and withunt any sssurance that it would be pructicable.” The repeal of that clsuse i = necessory, that the natarl operatfon of Ainancial:iwws-may be restpred; that the bisiness of Wi country way ba relidved 'from its disturbing ond depresefng fnuence, and thutn roturn to pecle paymeuts may be fncilitated by the substitution of wiser nnd moro prudent lesin- Iatlou which shall maluly rely on a judicious sys- tem of public economles and otlicinl retrenchmenta, and abave all on the promotion of prosperity m all the industrics of the people. 1do not nndorstand the repenl of tho resumption cluuse of the act of 1870 to be a backward atep in_our return to specie pnyments, but the recovery of a fulsy step, and al- though the repeal may for’s time be prevented,yet the determlnation of the Democratic party o the subject has been distinctly declared: ** There shiould be no kinderance put'in the way of a return of u‘u.-:lu payments, As suc) 4 bine drance,” says the platform of the Bt. Louls Convontion, ‘‘We denounce the rc. wmonption clausc of 1875, and demand lia repeal, 1 thoroughly belleve that, by public econouy, by oflictal retrenchments, and by wise finance cn- ubllng us to accumulate the precious metals, res snmption atan carly perlod is possible, without producing an artificlal scarcity of currency, ur dis- turbing public or commerelalcredit, and thatthese reforinn, together with the restoration of pure Gov- crnment, will restore general confidence, encours age the ureful inveatment of capltal, furnish emn. oyment to labor, and relleve the paralysis af Pard times, With the industrlea of' tho ‘people thero have beun frequent fnterforunces, Our plat form truly ways “that many fudustrics lLave been lmpoverlsiied to subsidlze o few. Our -commerce has been degraded to an Inferlor position on the high ecas, manufactuzes have been diminished, sgricultury has been embarresed, and the divtress of the Indusirinl olavses demonds that these things shall be reformed. TUBLIO EXPRNSES, The burdens of the people must alro bo lght- envd by 8 preat chungo in our eyatem of public ex- penees. ‘the profilgato expenditures which in- creased taxation from five dollurs per caplta in 1HUO (o elghteen dollars in 1870 tells It own story of our need of flecal reform, B LAIOR QUEITION, * Our treatlea with fo nlm\ shonid also be revieed and amended ur sy they leave citi- zens of foreign birth in any particular less sccuro in any country on vartl thta thuy wotld bo If they had been born upon our own soll, and the Inlqul Loy Coolle system, which, through the agency of wealthy comnbanies, lnporta Chiness Londimen and establislies o specles of slavery and interferes with the juat rewards of Isbor oii our Pacific Coast, . shotla bo utterly abolished, CIVIL SERVICE. 1n the reform of our civil servico I most Leartlly Indorse that scctionof the platform which declares liat the civil servico ought not to be subject to chungo at every olection, and that: it oughtngt to bo made the brlef voward of party zeul, but It ought to bu wwarded for ?mnmd competency and held for fldelity n the public smploy, - 1 bope never ucain to_wee the cruol and romorscless proscription for political optuions which hus disgraced thy Admin- lnlfl:lloll of tho last elght years. Had oa the civil servico now is, as all know, it has some wen of tried intogrlty und proved ubllity, Buch men and wuch men only shunld ho rotaineil ia oflice, Imt no man shunld be retumed In any copslderution who hias prosticuted his oftice 10 tho purpose of partlsan intimldation or compulsion, or who Lins furnished monoy to coreupt the cloctions, Thls 1s donc and has been dune 1w alniost every county of the land. Itisn blight upon the worulsof tho country und ought to e reformed, TIE UCTIOOLS, Of sectlonal contentlons, and In respeet to our conmon achools, 1 have only tils to suy: That fn my Judgment the man or party that would involve our selinols in polltical or sectarian controversy is on enemy to the xchoele, ¥l common schools are vo far under the tosterlng care of ull the pe N rather than under the control of any party or sect, They must bo nelther sectarlan nor purtisan, and there tunt b neither division or mlsappropriation of tho funds for thelr support, SECTIONAL ANINOSITY, Likewlse I regurd the man who wonld aroure ar fustor scctionsd animueitios and antagonisms nimong hib conntrymen “us u duuu;nm- I.'lll'lll[ to Wi coun- tey. All the people must be mads to fesl shd know that once more there fu catabllahied o parposs and pollcy under which all citizons of every conditio, race, and color witl bo secure di the vijoyment of whatever rights the Constitution and laws declaro or recognize, and that in confroversics hat may ariwo tie Qovernment [x not a partisan, ut within its eonstitutional authority the just an ruwfl'llll fllldlnn of their rights and safety, All ho strife betwoen the ruces sud sectlons will ccnsa ud 800N U8 the power for ovil {s tukon away from a parly who muke political gain gut of seenes of vidlence and bloousbed, aud the conatitutionsl authority is pluced In the hands of men whose polijlcal welfare renuires that poace und good order shall bo preserved everywhers, AVEIOV IS UVERYTIIING, Tt wHl be acen, gentlemen, that | om in entiro sccord with the plutform of the Convention by which £ huve been honilusted as a candidato for the ottiew uf Vice-Preaidont of the Unltod Statcs. 80 PROUD OF BAMMY. Permit mo in concluvion to oxpress miy sutlaface t{on ut belug associated with & csndidato for tho Prealdency who is frst wuionyg his ermflll a4 8 rep- reasututive of the sprit or of the achlevemonts of Wwar® pgalnst them, He summed up the PRI1 HENDRICKS IN T A Hand-Bill Showing How the Great ' R adler Helped to Suppress the Rebellion (=2 84." i DEMOC!HATIC MASS MEETING. HON. THOMAS A, HENDRICKS ‘Will address the Pooplo of Jackson and edjoining Counties at SEYMOUR, INDIANA, On Wednesday, Sept. 14, 1864, at 10 o'clock. R Let all who FAVOR PEACE, all who desive to be FRET from the death-grip of this tnfamownsly wicked, imbecile, and tyrannical Administration, its arbditrary and illegal arrests, and its drafts and conscription laws, by wiich peacctul citi- wens arve dvagged from: their homes and all the endearments of domestic life, to butcher and be buichered, COME OUT and Trear this adwvocate of peace and reunion. Come in wagons, come on horschuck, come by ratlroad and on foot, Bring your neighbors, and espectally yowr reasonable Republican neigh- bors, who are sceliing for the truth, Bring your baskets well filled with something to cat. Other able spealeers will be in attendance. Ladies especially invited, If possible, arvange- ments will be nade with railvoads to carvry at ALK FAREL AUGUST 29, 18G4, “JACKSON UNION” PRINT. _— . Hendricks' Great War-Speech at Shelbyville, Ind., Feb. 8, 1864. From the Cincinnatl Gazette, In the winter of 1862-'63, Mr, Hendricks was clected United States Senator from Indlana. The event was decined of sufticient importance by a nest of wntiquated Butternuts who inhablted the southern purtion of the State to merit a smal) colebratlon. The gathering took place, necording to arrangement, at Shelbyville, on the 5th of February, 1863, Although ostensibly an ovation to single men, it was io reality a bid of deflance to the General Government at onc of the moat eritieal periods of the War. ‘The Lincoln-haters were present in great numbers, and whooped and yetled their Jeff Davis sentiments through the streets with iinpatience untal the hero of the ovenslon appeared with his speech. The preliminarles had been so quictly arranged that Mr. Ilendrieks fondly hoped that hie might meet the exigencies of the hour without expusure to the world: but, by one of those strange colncidences that newapaper-inanagers souetinies provide for, o Gazcite reporter was present, and took a verbatim report of the speceh. After getting oft the stercotyped charges of Peace-Demucrats, at that time, that the North had provoked the Wary the orator bezan to warm up his Copperhead audience with sentlments Hke these: Isay unto you, gentlemen, 1f the Presldent nf fha Unlted States, in the langunge of the Crittenden resolntlons. had hield up the banner of thia country for the Constitution and a restored Union, that nl) the States shall remain under that Constitution, with every right svenred and untmpnired, thero would not Pirebecn a dissentient voice in ajl the North. But she Proeldont eannat chauge the purpose of the War e osiginally declared, and make it an Abolltion war, and then hold the peaple of the North unit. We have some dissension in the North; we have some wmen who are not true to thelr country. The: are the men who say that the Constitation of Washington */ls a covenant with hell and ledgue with donth, " They are the focs of thelr countey and thelr conntry’s good, he disasters that are upon s now are owlng to the influence of these men with the Irealdent of thc United Statee, 1f Congress would take A unileof mwitches and switch thoin all out of the White [louee, 1t wonld be well for the people; hut, until that is done, it will niot be well. You muy hear prayers In vur churclies; your sous may go out to the battle-ficld: but our cuuntry Is not to be restored s it was untl Abolltionfsny In burled, never to bo . [Cheera. "fi"e":fiifi"en. what Is the effect npon you at home when yon see the purpose of this War changed from o contest for tho Unlon and Conatltution to o contest to free the newroes? What s thu effeet upon yune manly pridet What a the eflect upon the urm{ in the fleld? I think I can comprehiend suntething of tho Tonos, wunicthiug of the pride, the soldier fecls na he stands upon the field, und the missilen of deuth aro nylng‘-mnnd him. In the midat of that trylng aceue, testing all the high qualitles of a soldier, when ho Jooks up to that flag and thinks it the ewblem of tho United States under the Constitution, when hy is fiehting the battles of that fiag, he foels that he i fighting a glorlous war, and he can do his duty falth- Tl € int, when the proclamation of Jun, 1, 1803, {1 fssucd, and he fa told that he shall muke it hig hnn?neu to fight to maku negroes free, where has the prido of the soldler gone? Chn he fght such a battlo us that? e cannotdo it 2 . Mr, Hendricks next relieved hia mind on the Negro Enlistment bill (be Iiad not yet discovered the presence of the reporter). lesald: ‘ The erowning act of injustic has been completed. They have passed a bill in thie Honsc of Represen- tatives to arm an army of negroes. One bundred and fifty thousind negroest Let me tcll you, gentles men, that every Democrat in that House voted ngainst the bill, and every Itepublican veted for it, with Hires cxceptlonns and, 11 I iad It in 10y power, £ would set the naine uf theso three men fi guld,. A hun- dred and tty thousand nw;;wn! Wht does it mean? Doca it mean that 20, 000. 030 of whito men of tha Nurth ure pot courugeour, bold, powerful envugh to conténd with the men of tho South, and, therefors, ihe Uoyernment must fuvoke the ald of tho negro? Doea [t mean that? I understand thit the preteuse Hiacd that the negrocs shall Sght down wheru it fu not healty for white men to #igut. [Langhier,] This Protenwe, genticnicn, Lo sham. {Volco— ' Klil all the nigrers™] . . . Gentlomon, every man who voted for that bill, and the President whon he shall have slgned it, will have offered a direct fusult to avery white man and woman in the United States [upplause),—on lusult that every proud man will resent. . o 'Vt to see if the President wiil send Indiana troops Into battle, depeniling upon support from negro regimenta. 11 ho does, whien your ons ko futur battle, und fe negroes give vy as'they will, leaving them to sustain the honor of the teld, then the blood of everyN Indlanfan who Is alsughteréd fs upou that Cougress who pasacd that bill und npou the Prealdent wis sfgned it. . . 1 wish to say that, as Democrat and Conservative citizens, wo will stand by peace and gool order; wo will eive our infuence in favor of he law. Iknow that, In some of your nclghorhivods, you' nrg exneperated Ly seelng young men who have taken French leave from the nrmy taken back, They should not Kfl\'c done ro. lhfmrll voluntoering they shuuld hiave thought well of the matter, AL that tine Z did nof adrize anyhody to entlst, becawse 1 wasnot going wmyrelf, and 1 would not recommend any one to do @ thing I would not do myself, While 1 did not recommend any onu to enilst, 1say to all to-duy who have enlisted that they onght to stand by thelr country nnd colors: und if any young wmen have left their compuniva to come home without authority, they have dane an tnfortunit thing, hecauso they have nut Aoten 1n accordunte with law. S0 that you canfut fight the battle ot jesuc in your neighborbouds, Yuu uiust act in accordance with Jaw, I¥ ANTHODY, HUWEYER, COMES INTO YOUL NEIGHBOIIOODS WITHOLY LAW, AND FIIOFOSER TO TAKE ANYHODT AWAY DY TOICE, THAT 18 A MATTER WITHOUT LAW, AND YOU t1aD BEST ATTEND TU THAT GENTLEMAN AT ONCE, [Shouts of **Wo'll nttend to thew, old feilow!"] Again, on the subject of u compromise and Mr. Lincoln's Emnnclpation Proclamatlon, the new Scnutor sald: —— ; e V! e next tvo years will bring aboat, I do not know. ere {8 one caurse for us to pursue, and G ahons Wty I Bave hopes thut ths Waz will not Inst Yery muck longer, und that there Wil ho some adjustment constatent with the bunor of the Gavernment and tho Uniun of the States, 1 am ready to compromise at any time. 1 am ready to eay to the peoplo of the South: « Como In uiin and we wifl Accure 1o you your constitutional rights, and, If you deafre thewn, additional guarantees,”™ If fhero Iy any man who ufmm to continue tighting and apending the people’s money und Tives, 1 do not sympathize 1 should Ilkke to sce thewn States brought lul{alll\:r In Convention sgain, und sctile upon a Moie of niJustmont, 1 do not know whotlier wo bave 4 Government thut will o it ornat, We have clected » malority of the next House of Itepresentatives; and, unless the Dorder-State men go naxpctediy, wud alr. Lincoln cieats the people with his Iiopreacuintiven fcom miliary districts. W what) be able fo sccomplieh something, But thut Congre will not meet until next December, und until that time the Government will be under the control of the Abelitionists. 1t muy be that events whil netily the question Lam ¢ 1t poes on o $ttle while longer as it bas been Bluce the President fsayed “%: FIVE CENTS. i WAR. gy 2, with him, 7o that time, on, It fs golng agalnst Zus, e Enow whethe that roclamation s golns o be taken bk or ot Lam golng fo voto to take it back, the first opportunity Tget, [Cheent.] 1t was a wicked thing to have lssucd, Mr. Liucoln satd that on a certaln day he wonld fssue such a proclamation, Then camo the elections, Indiauna text =i, ko t backs” then Oblo, then Fenneylvaula, tien Nlinols, und then Nuw Yoik,~In all, nearly thic- teen milllons of people of theso Btates, d to Mr. Lincoln, **Take it back.” But he hay sct bimeeld above the, people. ‘They waid to Lit, ou are dcalmrmw our UGove um-ntI nod making the res- foration ar 1t impossible.” " And yet he xald the result of th on reminded il of an aiccdoto he eard once out du Springileld, 1117 1t must have boea very amusing, that expression of the condemna~ tion of 13,000,000 of peaple! . . . The people way to Mr Lincoln, ¢ You must stand by the Constitution; you have }.‘»’ngm tomako an Abulition purpose of this War," Mr, Ll people, **Youware not loyal. 1 am loyal." 1o ways, ** You feflowe, you mon in worl 11 put you In dungeons it you do not be still when Ialinke iy head.™ This Iy the urguinent that i feapotisu to the expreasion at the poll farmsy, U coues back rm. In his official cureer ns the Execntive of Tl at Minte nf New York ho hes In a cotpirns tively short perind reformed the public service and reduced the publlc burden so an to have earned ut e onco the grotitude of his State and the admiration of the country, ‘The peopla know him ta be thor- anghly in curnest, fle hay ehown Biuwell fo bet possesved with powers which 8t him in an eminent degroe for the great work of reformatinn this country now needs, and if ho whal en by the peuple to the high ottice of President of the Uilited Btates, 1 belioye that ths day of hig insugurution wihit be the ln-Finnimi of unew enh of s 424,733, 00 $1,560,700.80 Theso shaw that the State hus already patd near Iz‘faur timee the umount which wus tnrolved by 1ha terma of the contract, nnl, thousth this excess amounts to more than a witlion of dollare, somo of ths expenditures aro stiil olug oy With no prospect of completion. 1t also nppears that, of the expenditures of $1,080, 700,64, only §124, 730,20, less than one-thled, was submitted to's e public lottlug, Uy wmaneuzres of thts characler pisaee, ‘pnr::;y. :':-d prospr) :\)ll!;:n: .'| dclg:pglf"“a;:{ the coat uf public worke are run ::'p to extruragant our Lovernwe! "uowan A, JEXIIUCKS, eums, Amxr\l%lnuonn arc sbsorbed, deficloncles a:n‘llx‘l:l‘flun 3 y are created ta bo pald by new appropriations, and Chairnu, aod A. McClernand, tlonal Damo- otlicrs, of the Comiuittco of tlie N1 cratic Convention. A DECISILVE TEST. GOV, TILDEN A8 A REFORMER—THR REAL CHAll ACTER OF THE “CANAL REPOIM Altbany Eeening Journal, Qov. Tilden's cloln as u ¥ Reformer " rvats elefly upon his boasted ¢ canal reform.” It ls asseried that he hns smsshed the * Cunal Ring,” and upon thls ground the people are urged to mako him President. We purpose now to subject his pretensions In this matter to a very plaln and declsivo tost, The fucts have como to be pretty well known in thls Btate, but they ougzat to b understood by thy people of the whole country, The beginnbig und the foundation of Gov, Tilden's pretended “canal reform’ was his well-kuown specal mea on the cauals, of Murch 1 lSTg. It was In that message that hie described the cansl frauds, and declared ghis the peoplo ars loaded down with tax We direct special attentlon to Contract No, 4~ vontract held by Wiilard Johnson, cone tructed for at $37,871, and upon which Gov, ‘Tilden says 8110,830.18 hiad becn puld. He exs preesly names thls congract s o specimen of the frauds, and a8 one of thosu upon which “the Btute hus already pald nearly four thnes the amount which wayinyolved by the terms of fi}g}xfiwmlml." ‘That was on the 18th of Murcl, In the followlng May, a bill was carrfed through the Legislaturo which provided for sm,}'mg $35,000 on this same contract of Willard * ohinson,—a contract which by its terms calied for only $37,781 nlmgig,her. und upon which Govy, Tilden suld $110,830.18 bad been allowed. After passing the Legisluture, the bill went bos fore Goy. Tilden for his action. It would at once be presumed that he vetoed ft, or, at least, vetoed thut particular {tem, as hie had a right to do, 1lle had stigmutized the work under this very contract as one of the chlet frauds, Ho had shown that three times as nuch bad been allowed on it as wore Involved fn its terms. I ho wera honest dnd eincero in his ‘canal ro- form," how could he possibly sanctlon this pro- {:uml payment of $56,000, and how could ho elp vetolng it But Wiilard Jolinson was a Democratic mem- ber of the Legislature und a prominent and {uthante friend and assoclato of Delos DeWol, who resldes In the samme county, and who hud frauda as follows: - For the purpose of showing actaal results of this system (the system h{ which canu} frauds are cuine- niltted) 1atate the following ten cuses, which glve the amount tho Btate has pald on eertain contracts {n comparlson with the sum for which the contruct- or agreed todo thework at the lotting wade by the Connisloners; St o l(in" bcfin one o{‘fllg :noltcluduu‘l'l:ln! m{:mbcja 5 of the Democratic 8tate Committes. Accord- ihaes qvange: Amoum e | fugly, whilo the bit was befors Gov, Tildén, Mr, k dities ar, con- by Satd so | DutWolt visited bl in tbo intorcat of tho Wil- Oontraet, truct vrice 2ub.1, 1873, | fard Jobnson wppropristion, and urged him to . 1. Dentson & Co.. spprovu tho bill or atlow it 10 becoma o law, ln 3 Wih ordee that tha §55,000 might be pald on tho cers 4 Lent tieates which bad been lssued to Johuson, &L ‘Tho result was that Gov, Tilden, though bs bad 0 T cxpressly denounced this work us »