Jasper Weekly Courier, Volume 18, Number 32, Jasper, Dubois County, 18 August 1876 — Page 7

WEEKLY COURIER

C. DOAltE, Publisher. J INDIANA ! .lAsrKi:. tiii: ritKsiDKX'v. , i entailer of lite oiiilna I ion lor l'rti Idtul e-lrralilrit of III I nited atr Ity Hie Uriiiot rallc .toiiilnrr. Ili li.w will In- found t lie full t-t of the letter of nii'i-i!unr ly Uov. S.itntirl ,. ii, of New Yolk, ami liov. Tlmiiia A. lit T.drirl, uf IihIihiiu, of the nomination in i'ie I'V 1 1n- Nut ioiiil I )'in-M ialli: convention nt St. I .ul for ill- (itlici'B respectively of r".nliiit ami Virc-I'rosidcnt of the I n t. tl Mutes: Al.livsv, July .",1. i . i m 1 1 mi N : When I hud tin; honor toren it I- tin- h rM.iiNl delivery nl your letter on lielull "I '' licinooratio Natmnul Convention held mi ). istli ol Juno, at M. Coins, advising mi ol rny iioiiiiiihIioii a tlir fa m 1 1 lit ( ol the cmi. ciii eiiev represented hy thai lusty, for the nillee of I'lcsidonl ' the t 'niled M;iU., I answered (ha. at my r;u In ft nmn ini'iiic, and hi conformitv ilh UHjiac, I would prepare and transmit to in! n oim:il acceptance. I now avail nscll'nf t ' i first interval in niittvold.ili.e is riipiuioii to llt'.l.il Ihlll lllgagcinesl. M I lil Ii HI I HUM. The com i-titioti In-fore making it tioininntious n-lo ltd m ) rliimtioii of r i n-1 1 il'i , w hu ll on tin- hole kiviuh to nit to lie :i im prcsciii.ttioii ol the in-ccssine of our roiinlrj ; utni of the re tniis nee. Ie I to Imng lutck llie l.ovci ninent to iir. trim Mini turn ; to restore purity of iiditiiulIntl."!! . and lo lciiow tlio prnsierily of the pooI l . Hut sonic of these ri li ii hi i itre no urgent j 1'iiii '.hey i !:.lin more th in a passing approval. Tl:" i.eci"-si o it reiorm In tin' scale of put. lie. ep.i'sis, ri''ii'i.iit .-n iu' uiMi iniiiiieipui, un'i hi Ihe i nn! s ol I-1, rnl t.i xiili.m , Justifies nil the I r 'in un-i;i given toil in the ilecl.trMlioii of the M. I4iii.h Convention. '1 lie present depression ina l the l'U-iu-i-i Hint ni'lu-trl- of the h .i pic, vilo.li ih depriving latior ol it employment and cir)iug wniit into no msny hoineM, i.i. .ii i.rin.in , ii.tise in excessive ' govern -ii I'l.t.J s tt it ptwn; consumption tiniler illusion ol misnrioim pros-nty engendered i.y I n l il-".' oli. ;' of the Kedcml liovtrniucril. A :iit' of r:ipv.:il ha lieen going on ever iini'i' i: e j-ar" of s, w i.k-i could only it t in muters il dinn-lcr Tin" Kedcrul taxes of tlie last i '.e i I) ear ri in Ii llie ni'filillr, niiiil of I.Vo,ii..i , I.m'ii t.iv.itimi hh ainiiiinU-I to twote.iria u mm li more. Thin VHt iiirif refute I not tliini '., , mi ..i o). Th lienor mi 'iio taxation inl!owei .i ei il en, Ih. i tlinl li.H'l greiiUy liiiiinre.l our t're.iite wemlli. un-l lot-1 nin.le'k .roiiiit ivli: ti-ni of i' it mm in licn in ililc. It n .nr.'iav.ilfil I.y llie ni"ht uini-lrlililic ami ill.'oh'j.iiHl meilioil of taxation that inereaiM-il the imi r-1r-io the 'inile tar U von.l the rereiiU of fie J r .isnrv. It huh ak'k'iataU'.l more v r hv n l:n.il.-:u ...iirv w lurli l'li li-. to il.liilnihli I'.;.rii' vy, cki.l on I ii'.ni'i.iiv of iroIU''tion, tin I l .i" i:u' Uily i I private i-oiiitiii.i'tioii, nml in.111. '"I llll..-.-ll'-l,.llli.li" III liuilliers Ula l the in n imii.er;itivt nm- l rni(jtl nu t laor. Ku n in .roieroni time the l lily want t in lu-tri ii;i c.i!:iiiiiiii,i,i'h pri in cl.iwly lip. m tlieir 'la'.ly em ni'ik'i. 1 he maricm, if Ixwlhle, il r...ti..i. 1 1 p.i iiii ih at the Im'iI a puiull in n i'nl.i.'i'i'l the ii.it-i.ii.il arnipin. et, now, for tiM I'li vi ii )mr, lln i:' rninrtit.il rniiunit:..n ha le-n a l.nrjtrr port ion of Uie naiioiotl arinnj." tl.,n tn loli" M'op! ran poi-ilily wr, even in prorn'r"ii time, lor all ne invenLeiitr Tin' r.iiiir.iifin'' of thew prmri :ire hum h me- inir l ulilie ralaiiaty. hut they in rr m-viT .loiil.lliil iiiivi-i ini'iultli 1'n i re ii. t'i'M.,1 y an. I itu viulilo un.l were fore- ) . -n nu. I .l'ivte. w hen the wave of that ll.tl-tio'i.-. .r.pi i ity ran the highest In a pee h iii.tii'M i in-on the 'Jllll of .eptetiilM'r, l"". It :." ni'l of tneie tae' "They Ixar lienvtly i pon I'Verv m in' iiieoine, iim.ii every Imltiitiy :nni ever k"iiMin' lii the eounlrv, aiel yrur l year th-y are .Ii Minet to re.- ti)l more heavily nnii-oKi. Hiresf the at iteiii that irivr rie to Inrni. It wa eonipiraiivety eay nen the val lo - w ere ....'iill.s" miller tin' repeiite.l hpii.'i. nl leir.il ten li-r pai r money to pay out of the row Ui ol oor Krowlng mi l app.iienl ca II llii'-. lives, Imt w hen value reeeilc nn. Kink tov aril their Imtural M'ale.ttie tax gatherer Like from u not only our inei.ine.iioiohly ourprolila, hut .lIi a portion our rapital " I i'o imt w nil to rxairirerHle r alarm. I aimply . tn tt we i an imt fl.r. the r'tlvamt ruinou poli' y of iiie I.- i ll. il nijij.irity of (.'onirren; we i an not all ir l their poliey tovianl tlio .viutli; we an not arior.l the iiiagiiillifnt an. I o.prelve eiitr ili.ui int w hii li our tovi rnment ta tieina: ronverte.l; weenninit nflor l the pre, lit mugmil. el l iM-ale o t.iiHli in. To the pi'reUrv of IMe I remrv I a. early in li!: "There i no royal rii lor a tiovernment more than for an in'l. i.lual or a eoriHiratioti. What you watit to lo now ii to cut ilow u your exi-nte an. I live w ithin onr in. .ino." I aoul l give all the legerteinHin of tin inrr un.l tl n.inciering, I wouhl give the whole of it for tlie oh! homely maxim, "i.m i mi in iiit'aivniyi," TV; reform will lie rem Me I at every Mep, Imt it limit l t"-ei"ei iwrmsU-ntlr . Wr aoe ttilay the linnir.liau. representative of the people in one I. rum h of t,in-.'r-, w lull- Mruggl ng U re.liiee expemtilure, i onipi-lli l to eoulioi.t the tiienaee ol the ente ami the Kierntive, that iiiiU-a ll.o ohjeelinnahle ;ifrori;Uiiii lie eornx nleil to the Oieration ol '.he . iverniMi nt thereunder ahall aufTer iletnment or eene. In mi Jmlgment nn ainen.luient f the t.'onmiliilion ought to lie .o.l.i aeparaiiiip into iliitiiirt hill api'ropriiition for the virion ilepHrt'iient ! puhlio "rv-!-, in I exclii'lmg Irom earh hill all appropriations tor oilier ol.jt-et an. I all in.leen.ient Ircul tnn. In that way alone cun every powr o rarh of the to llouie an.l of the Kxei-iitive le pre-H Tveil an. I exempleil lrom the moral .hire w hi. b olteii roinp"l anent to ol.j.s tu.nalile aptr..u iiition rather than to atop the wheel of iKivrrniiient. An nereory cuiim" eiihnnring lutreii In liiniuera M to le foun t in the atematie ami inuiMrtalle imvi'mment .niioM-t on the Mate of the Mouth. IU-.ea the r.i n'iry i tTii't of an ignorant ami lli"honeiil a'luiui;itrti.iii, it Ini intlirUsl uMn them eimrmm; iiauea of Irau lulent ImhiiI, the rranly avail ol wliieh wee either wt'. or Moleo, ami llie rxiKtenee of wine i is a puhlio li av eriilit, ten I iii g to tanknip:ey or reinnlihtmn. Ti xea, geni rally oppn lve, in aome tntanee time roiillMMta I the entire ineome of property, n. totally .le-(ri.y. it mxrkrtahle Value, il l mpoMilile Hint these evil Mioul.l not re n t upon the proiM'rily ol the w hole country. The mni cr nn. live ot I ii in it ii 1 1 rourur with the material InUTeila of all, in n .iiiriiig that every ohitiu le le removni toaeomplete an. I ilurahle reeoneili.it ton li'twiin a kiU'lre'l population onee unnaturally etranjfel, on the lai rei-ogmteil hy the st. IOiil platfnriii ; on (he hai of the ( onilitulion of the I'ni e.l Mii'ci with it amendment, univeraallr aii-ei-leii a a linn I aetthment of Hie controveriea huh riigrmh rut civil war. Hut In al l of a remit mi lietieilcciit, the moral Influence of every giKKl ritiren, ii well aa every itovcrnmc ntal nlVritf , ought to lieexerteil, tnKalone to maintain tt.e.r imt eon ililv lefore the law. Imt like wie lo eiinliliili a oor lml fraternity an.l f.n. will loiii.ng rilien. whatever the rare or color, who are now iimle.l in tin one iletiny of a coin, mon aell government. Iltheiluty rliall he a-, rne.t to me, I ha)l not fail lorxi'reise the powerr with which the lawa an. I the t institution of our emmtry rloihe til Chief Magiitrato to proh' t aJ I ita ritii'iK w nntever their for.i er roinlitioii, in every political an.l i-ron.xl right. KKt HI'Hi'N or a-K4'IK I'AIMI.!!!. 'Heform i neccararT," declare the HI. Inil Convention, "to estahdah a aoiin.l currency , re"tore th pulilir rri it it ami maintain tt t- naliotial honor," anit it goe ou lo ilemaml a Ja.liciotia Titein of preparation hy tiulilic eeominijr, ly i.fleial retrenchment, anil hv wln finaiice, hich almll ennhle the nation nn to aure the whole worhl of It xTleet ahllity ami it reaoinei to meet anr ot it pronuwa at toe call of tt ereliU.T rtititle.l tn pnymenl. The ohjii-t 1enan le dy n,i i onvention i a resumption ot the '"ieie p.i) ment of the legal tender note ol th I nit.nl ute, that would not only rvMore the I'Qhlin credit and main tain the national honor, hut on, et.'thh)i ,i onnd currenrv for tlio m-o-t'l'. The niethiNl liy w hich thia ohjii-t It to In purnei and the mean by which It la to lie athiKcd are iticloe. liy what loe Convention h mamliHi for the future, ami by what it le"tineed for the imat. The reaumption of aju-cie I'lyment ly tin Uovernment of the I'niteil Mate on it legal tender note, would etiililnh pi'e.ie pavment hy all the hank on all their 0 "k. 1'he otb ial etatoineut made on the l.'lh

of May f iow that the amount of hank note nil .un.iiii i,(ni c, i a . 'ii, i.m, noil held hy theiu-elvea i.g.nnt ll.o .' e. m, i wioi noii-a. 'ihe hank liewl Ml. i-a,i' legal tender note or a little nuiir than lllty per ei nl. ol their amount, but tin-)' hImi liel.l on dcpoil in the le.leinl lreaiirv Ii a ni'Ul.ty for tln-ie lii.U ., ImiihI o the I iiile'l Male In gold I V 'i.ino.ii n, HVailahle and currout in uli foreign money market. In reniuiing, hank, even if it were ihiIIh lor all their iiotea 10 he proicnU .1 lor payment, would have io,ll, mo of is ie InmU to pay flni,.ii.,. mi i.l noli' without emitracting their loan to their cuiloinera, or railing on any private debtor lor payment KiiMpi-mied hanka timlei tikmg to reMlinr have i.miuily Ih-cii ohliged to collect Irom iiie ly linnout r ineims to redeem i-xceiniie iiiiie and lo provide ren-rvc. A vague Plea ot ilntiei In therefore ollen uisociatc l w ith the prii'ci of reHUinplion, hut the eondl tioii w Inch ciiiiM'd ii...'.-ei in thoie former iu atam ea ilo not mr cxird. The (overnineut ha only to make r"d III own prom lie ami the li.inkg cun lake care ot tin-ihm-Ivc without illhIreirinK any ho.lv. l lie i io eminent la theielore the aiile itcliniUent. The amount of the legal tender note ol the I nili-d MU'tea now outIan. ling I lei than oii.m o,0 i, ln-ni.li- :',!,- Ooo.ino ol fractional currency. How- eli.-tll the I ovi nineiit make lliem" note nt all times, in refercm e to the maH w hich would Imi Kept in Use hv the want of bunne, a centra' reoervoir ol coin, a lisinaU" to tin) lelpn-tinent of U-mporary tluctiiation of ititerii.ition.il balai.ee uml as a ginir. inly iiam-t traimieiit ilrHin itrtilleittily creatisi hy panic or hy apeculation It ai h:i to provi.ie for the payment, in coin, if am Ii fractional currency ai may hs prewnti"! for reI uiitiu, and hiich lucoimidcrahle xjrlion of leal-tenders aa individual may from tune lo time deire to convert lor aiK-cial tlie, or in oriter to lav hy in coin their little itore of money, no to make the com now in the Treanry avail' hie for Hie objocu ot tin refcrve, to gradually aireiigtlien and enlarge that reserve, and to provide tor such other xccptional demand for coin a may arise, i.m not n-cui to me a wnrg of ilillii'iuty. If w in-ly planni-d and iliwreetlv pur-Mii-I il ought not to cunt any aacrillce to the Lu-inei-4 ot the country It should lend, on the contrary, to a revival of lite and conildenre. Thr coin in t!ie Tre isiiry on Hie il 'th of June, inciii ling what in hel l Hfainit c in certiIli;ati-, amiiuiiliil lo nearly eventy-our million. The current of pici-iotm metal which haa tluweil out of nur country lor the eleven year frmn July I , I .'), t t June .to, l-;;, averaging nearly neveiilven million a year, wh M.' nnllioioi, in the whole period oi which i. IT null una were the plI.i. t of our i.'.va ::.:r.r'.. T" srr-i- !' r'"'"'"'t. pimitity br intercepting from the current flowing out of ihu rouulrv, ami hy aciuiring from lin k whii h exiol abroad, without .liitiirl.ing the eiiillibriuut of foreign money market, i a. rernlt to la; easily wurkeil out by prut-timl kuowloilge and judinent, with rei-et lo w l:iit ever Mirpiu of legal tender the want of bumricik may lail lo km p In ue, ami w hicti, in order to ave the inlcrcHl, w ill lie returned lor re.li iiil to n. I liey can either Ih paid or they can he funded. W hether they coutliiue aa currency or Im abnorhed into the v.iH mai-a of aecuritie liwl.l by inveilinent la merely iuelion uf the raU' ol inUTeit they dr.xw. K'ven il they were to remain in their prewnt form mid the (,'ivcruiiii iil were to agri"e t.i n in them a rate of inter.'t Tucking lliein ilenrnlile u inveitnieiit they would cae to circulate ami lake tneir plaie Willi (. it. rnment, Mate, urniii.io! and other corporate and iinvalt" tiond of which thouMOid ot million exiit among n. In Die Iw-rt.'ct eiwilh whicli they ran he cli inged from currency into invi'itxnient lie the only danger to lie guarded against in the adoption of general meamire iutcniet to remove or clearly ascertain the urnu that i, the withdrawal of any which are not a permanent exrc Ix-yond the waul of hihtiitcs. Kven more min hicvou would lie any nir.iMire which alTect the public imagination with the fear of an apprehended acarcitv. In a com in un ity where credit I o niu-'h un-.l fluctuation ol value and vu iiitii !e in hininiK are largely can" I by the temporary tielici ol men even Ix-iore the icliel can conform to awerW'llneil rcahtici. n.i i'T i i p n r tiii. i i 1:1.1 i . The amount o ne.ef.sary currency at a given tune cannot tie determined arbitrarily, and it iliniild not lie aunied or conj-i liired that the ainoiinl I ml j.i l'. to Uilh -riiianent aud U-m jural y change. An cnlargi ment ol it, which acemed lo l- durable, tiapiened at the In-ginning of tlie civil w ar by a nutntituted uee ol i urrency in place of In iivi lual c-eil.t. 11 vane with certain uLiU of l.usinen. It fluctuates with emiiter:ilile regularity at dilli-reut aeaon of the year. In autumn, for instance, w hen tuner of grain and

other ngr cultural product la-gin their o-r;t-li.in, tey usiiall ui-ed to tmrrow capital no nr rulaling credit, by w hich lo make their pur-Clin-an.l they want them fun. la in a currency capable of being distributed in small sum among the numerous ai-llers. The additional m-ed of currency at such lime n live or more isr cent .f the w hole volume, and il a surplus Imyoii'l wh it i reipiired lor ordinary use ilsiiot tiap.en to I e on band at the money centers, a n an Ity of currency enmea and also a stringency In Hie loan inai kel II was in reference to such rxM-rlences that, in a diM-iission ol tiii suhhi t a in y annual hiesiage to the New York Legislature l January !, I7.', the suggestion waauiade Dial the lisleral (nivernmenl l tmtind to reiieem every portion of it issue which the public do not nil to use llavirg assumed to nionopoli.e the supply of the currency and enacted exclusions Mi; unst every lxxty elm", it Is leund to fiirm-h all w Inch the w aut of buiincs reiinre Tne system should p tsuvely allow the volume of circulating credit to ebb and ft iw according to the ever ( hanging want of business. It should initiate a closely a niible the natural law of bade, which it ha suM-r-eds by artificial contrivances; and in a similar discussion tn niv tneasage of January 4. 17, It wa aald that resumption should lie efT.i ted by such meanires aa w ould keep the aggregate amount of Ihe currency sell -a.ljui-lu.g ilur.ng ail the process without creating at any time an artificial ncai-city, w llh out exciting public imagination with alarm which Impair cot.Odence and distract the whole machinery or credit, and nisturb the natural ration of th limine public J-icononn.- by cillicial rein-in bment ami wnw finance are the mean w hit u the M. I -on is Convention indicates a provision lor reserves and reiemption. 1 he best reiuiTe isa reduction ol tlieexienes of (iovern ment lielow ita income, for that impose no new charge on the ieople. If , however, Ihe iniproyidence and waste which have conduct-'! u to a IhtumI of falling revenue oblige u lo supplement the result of economic and retrenchment hv some rcnort to loans, we should not hesitate. Tlie tiovernment ought not to speculate on It ow n dishonor in unler lo ve the interest of it broken proinim-, which it still compel private ile mt lo accept at a tlciitmti par. 1 lie highest national h mor I not only rmhl but wouhl prove .nliuhle. ot the pablic debt, t ! ',ii,nn liear interest at 0 percent. In gold, ami rt.,Ki.fm at b per cent, in gold. The average interest i ..'. pi-r rent. A llu incial policy which should se tire lie highest credit, wisely availisl of, ought grndually to obtain, a reduction ol 1 per ccnl. is the interest on most of the loan. A saving of 1 per rent, on an average would be 17,"n.i ft a tear in gold . That aaviag regularly invested at iou'iin.ia half per ccnl. would in len than thirty cisht year extiuguiah the principal, and the W bole sum of f I ,7i,i O.tlio of toe ton led debt might Ih-pai l by their av mg ul 'nc without cost to the people. THE I KOI'tlR TIJal KilK RF.H MI TIOV I the time when wise preparations shall have ripened into a perfect anility to accomplish h object wiiU a certainty nml ease that will inspire coi.rl deuce aud encourage the reviving ot bustno, llie earliest lime in which such a result ran tie brought about ia liest Kven w hen preparation shall hav been matured, the exact dale would have to tie chosen Willi reference to the then existing stile of trade and c edil, oktpons in oui country, the course of foreign commerce and the ron.lition of our exchange with other nation T he specific measure and actual date are matter of di rail having relerence to the ever rhanjr lug condition, and they belong to Ihe domain of practical ndinii istralive statesmanship The captain of a steamer alout larllng from New York lo Livcrp-ml doe not assemble a council over hi ocean rhart and fix an angle by which to laah the nidder for the whole yovage. A human intelligence mual 13 at the holm to di-ceru the lotting force of the water and w ind. A human hand must lie on the helm u feel the element day hy day an.l guide to a mastery over them. Midi preparation are evrrv thing, rt'iihout them a legislative command fixing a ilny, an ofticinl promise Using- a day, they are sham. They are worse; they are a delusion and snare to all who trust them. They destroy all ronfldeno among thoughtful men, whoae Judgment will at last away public npialon. An attempt to act on such a coniiiian!, or ou such promise, without preparation, would end la a new suspension. 11

would tie a fresh ciiiainitv, prulilic of cor.liision, distrust and distress. The ad of ongres ol I 4, a), uf July, I'O, enactc! that on mid afU-r the llrst ol January , Is; j, th- Merettry of the Treasury shall redeem in com llie

leg nl tender eote of the Iniu-d ! M.it-a on presentation nl the ol lice of the AsiUt.ml Treasurer in the city of New York. It authorize Hi.- necretary to prepare and provide for m h resumption oi spi-cie payments by the line of any surplus revenue not oilieiwise appropriated and by issuing in hi discretion cerutin clai-sc of bond. More than one and a hall ot four year have passed; Congren un l the rresidetil have coutiuued ever since Ui unite In act w hu h have legislated out ol existence every ossible surplil uppllcable to tin purpose. 1 1. coin In Hie I rraanry claimed lo Iteiong to the (.ovcrnnieiit hnd on He ,'Uith of June, fallen to les than tt,ftsi,ioi against ".i,(mii,imsi m the 11 ol January, Ij-.'i, and ihe uvaiinhility of u part of that siim i said Ut lu iiealion:ibli'. Ihe revenue are falling ln-tcr loan Ihu appropriation and the expeu Inure are reduced, leaving the Trenstiry wan diminished resources. III. I Itoi.KAlO: I'lil.H'Y. The ."ocntiiry liaa done nothing under hia power to issue bond. Tim I egi.l.ilive command and ihe official promise Uxing a day lor resumption hnvii Ih-.ii made. There ha Ix-on no progress ; there have Im-cii stop backward; tliere l no necromancy in the oh ration of the liovernment; I lie homely inaxiui of every day liliiarethe best standards of it conduct A debtor who should promise to pay a loan out ot a surplus income, yet be teen every day spending all he could lay hi hands on in riototi living, would lose all character fori lioiieMy and feraciiy. in oner oi a new prumise or la profession n to the value uf -tne old Inoinise would alike provoke ih rihion. The M. ouis platform denounce the lailure for eleven ear to make gisid Hie promi-io of tlin legal- lender notes ; It denounce tlio omission t' acciiinu. late any reix rve for their re leuiption. It ilej -in hi m en Hie cximlucl which during eleven year of peace ha made no advances toward resumption, no preparation lor resumption, hut inste.t.J hi obstructed resumption by wasting our resou nvc, nn. i rxliaustiiiK an our surplus iiicoiui; and wliil.) prr.f.'sning lo mien n spe.siy return to specie payment ha annually enacted In-.-U liin.lranre Ih.-icto. ami having llrst Oenoui.ced the hairennesa ol the promise ol adayol resumption it next denounce thai barren promise as a hindrance to resumption. It Hun demand it repeal ami also demand the establishment of a Judicium system of pre, aration lor ii'siiuii'tioii. i. cun ;.. . tj m.i- T that the subslitutioii of a ysteui of preparation without the promise of a day for the worthless promise o a dny without a system of preparation would lie the gain of the sub. lan.e of resumption in exchange tor its shadow ; nor i the ueiiuiicialioii unmerited of that improvidence which in eleven jear since the Tn-ace h i consumed t 4, ii,iKi.isi, and yet could not nir.ird to give ttie (M-ople a sound and stable currency. Two and u half per cent, ou the expenditure of thei-e eleven years, or even les, would have provided all the coin ii.-i-.lful to resumption. Die distress now felt by the people in all their business mid industries, though it ha it principal cause in the enormous waste of capital ci casioneil by the falsi" p line of our tiovernment .has been great ly aggravated I.y the inism.inageiiici.tol Ihe currency. I'neertainty is Hie prolilla parent ot mischief in all business . Never were it evil more Ji'lt than row. Men do nothing because thev are unable to make any calculation on w hich th. y cjva iafely rely. They undertake nothing, because they tear a los in every thing. It they would attempt, they would stop and wail. The nieiihant dare not buy tor the future consumption ol hi customer.' The manufacturer dare not mase fabric w hidi may not ret un.l Ins outlay; he shut hi lactory and discharsca Ins workmen. Capitalists fun not lend o i security. T hey consider it unsafe and their fund lie almost without interest. Men of enterprise who have credit or securities to pledge w ill not borrow; consumption ha fiHen Im-Iow the natural limit ol reaaonahle economy; the nrice of many things aie under their range In frugal specie pa ment limes tn fore the civil war; vast masses of currency lie in bank unufet ; a year and a half ago Iwgal tender were t their largest volume and tclve million since retire i have tcn -eplaciHl by fresh issue of llitcen millions of tiank note. In the meantime the ban'. have tn surrendering aliout four millions a month, because they can not llnd a prolllabb- Use fir so many of their i.ou-; the public mind wiil no loiiiicr accept shatrs; it ha u Herod euougti Irom illusion. An insincere policy increase distrust; an unstable mI icy increase uncertainty ; the eople need to know that the i itovemnic nl is moving in the direction of ullimaie safety and prosperity, and that it I doing so throngs) prudent, safe and conservative methods, which will be sure to inflict no new sa ritli-e on the business of the country. Then inspiration of new hi.pi" ami well-founded ronlldeuee will hasten the restoring processes of nature, and prosperity will Ispgm to return. The St. Ixiitis I onvention concludes it expression in regard to the currency by a ilct laratiou of it conviction a to the practical result of tlio system of preparation it ilcmands. It say a: 'We l-lieve such a system, well devised and alsive II intrusted to competent hands f or execution, rreatina: at no tune an artillcial scarcity of the currency, and at no time alarmt ig the public n.lnd into a withdraw! of that vaster machine of i' trod it by which ! erceni. of all business transaction are ierformcd a system open to Hie public and inspiring general conu.lence Irom me day oi U adoption would tiring healing on it wing to all our harrassed industries; set in motion the wheels of commerce, manulai -Hire and mechanic arts; restore employment to latKir and renew in all it natural source the prosperity of the jieople." The t.overninent of the I'nitisl Mate in my opinion can advance to a resumption of ieeie psyincsit on it legal tender not. by gradual and sate processes, tending to relieve the present business cisti-ess. If charge.! liy tlsp eo.le w ith the administration of Hie Kxecutive ofti.-e, I shoiidiloem it a duty so to exer cise the pow er w ith which it ha loen or may l I Invested by Ctingres a tiest and iiet to con luct the country to Hit lK-nellc'tit result. ..11, U. , IIT-I"llliiil v ii.-i in in .... in I'm.,. The .-onvention Justly alhrm that reform j, i t nei-essary in the civil service ncoo. . .i sary to Us piiriucauon ; necessary lJ it M-onomy and il ifliciency; neoesary in ontor that the er linary umployment of the public business may not lx a prie-light at Ihe ballot-lsox, a rewar.1 of party irtnl instead of Misla ol honor assigneil for proved connieU'ney , and held for fidelity in the public employ. Tlie i envenlion w iHy added tint reform I neceasary even m're in the Higher grade of public service. The President. Vice Presment. Judge, Senator. Itepresenlative and Cabinet I i.flicers, tlTse and all other in au'bority, are not a private nTiuisie; they a e a public trust ; Two evils infest our utile al service of the Kuleral tiovernment. One i the prevalent and doniornlilng notion that the puiihc service exists not for the business and bene lit oi me w hole people, but lor Ihe interest of oflioe-holders, who are in truth but thi servant ot the ."ople. I'n.fur the influence of thl-i x rniciou errtir public rni"lovment have t-ren mullipliel; numlsi-r ol those gathered into the rank of Mlice holder have been steadily increased Oeyond any Hssible rvquitement of public luislres, wline inetll.'iency, peculation, fraud and malversation ot the public lunds from the high pUe.-so power to Hie ..west have oversprea. the whole service like a lenrose Ihe other evil I the organi.alion uf the oftlcialcla into a tsndy of political mercenaries, governing, caucuses, dictating nomination of their own party an., attempting V. carry the election of the pcop'e by undue influence and by immense corruption, fund systematically eoliecb-d from tne salaries or tee 'of clli.-e hol lers. 1 he ofllrlal class in. other countries, sometimes by it own weight. and sometimes in alliance with the army, has lieen able to rule the unorgani.e l ''iassc even under universal suffrage. Here it lias already grow n into a gigantic Mtwer capable of stifling the Inspirations ot s sound public opinion, and ot resisting an easy change of administration until niiscovernment ln-comea Intolerable and the public spirit ha been stung to the piUk of a strong revolution. TIIK MODK OF KFI'OKM . The first slop In reform I the deration of the standard by which the appointing jmwer select agent to execute official lrut. Next In lmirlance is a const-ientious fidelity in the exctv.1 of autiiority; to hold to ac Mint and displace nntrntw orthy or Incapable subordinate. The public interest In honest and skillful pert ormance of ofllcial trust must not t-ff sacrificed to the use of incumbents. After tnese immediate steps, w hich will Insure the exhibition of lietler examples, we may w isely go on tJ the atsnlition of unnecessary ollieos, an.l llnally to the patient and careful organization of a tsetter civil service system under test, wherever practicable, ot proved com cU"ncy and fidelity While much may lie accomplished hy thee method, it might encourage the delusive ekiectatinn. If I withheld here the expression of my conviction, lhat no reform of the civil service

in tin country i comi'lclo and perinaueiil until It Chief Magistrate la iMinstiiulioiially tlisipiallliixl for re-en-. ii.ui, exiierieuco having repeat tldly exposed the lulilily of M'lf - illipoacd restrictions liv cjiiididale or lnc uiulx-nl. Throuirh

this sole in nity only can he U elleclually deliv ere. I irom Lis greatest leinplntion to inisiise the power and patronage with w hidi the l.xrcutivi la necessarily charged. Kducated in Hie belief ; that it was the lirsldiity ol a eilit-ii of the Ke- I public to take hi I i.r allot'iient of care and i trouble in public afTur, I have lor lorlv year 1 a a prlvau; cilueu I ullill.-l thai duty. Though I i rccupu-d in an unusual degree during all tnul , pcriist w ith concern o tne i.ovei nu. cut I have 1 i. ever aciiuircl the habit ol olhvjal lite. hen a year and a ball ago 1 entered upon toy lueseiil , trust it wa In order to conniiininate ' Klorins, to which I hud already devoted several of tha best yeus'Sof my life. Knowing a I do, therefore, f i ion Irish i exM'rieni e In. w great the dillcreiico I belm-en g lidmg liirnugh an (dhcial routine and working out reform o s stems and policiiu, it i impossible for me to contemplate what nci-.U to lie done in the federal Adiiiiiiistriiiii.il without nn it n x ion a sense of the dillicultie of I .e undertaking. If summoned bv Ihe sutlrae of inv iv.iuitrj men to ulti inpl this work I shall endeavor, with .od' help, to tie the i fhcieiil iiistruiiieut at their will. igned Sam ill. .F . Ttilov. Toi.cn. John A. MeClemand, Chairman; wen. W.ll. Kranklin, lion. J. J. Abbott, llon.il. .1. i-p.'tunhorsl, Hon. II,.). t:.-.lllel., ll.iu. t . ft. 1 yon and other of Hie ooiniuiitee. I.uurnor llr ittlrlrka' l.rtlrr. The following I Mr. lleiidrlck's letter of i ai'ceiitanec: I ImhasaI'ki.1", July 2-, 17'".. I . l 1 1 l M K : I have the honor to m l.i.oivl- I edg-tbi" ris'cipt of your commuiiii ation in which you have lorinallv notified me of my nomination 1 dy Hi" National Ileinocratic Ci iivi nlion at "t. I Loin a their candidate lor the i.lllce ot ice j rresnlenlol the I niled Male. It i a n.uiiliia- i Hon which I neither cvccted nor desired, and ! yet I appreciate the high honor doim lue hy the i convention. The choice of nu ll a bo.lv , and pronounced with such unusual unanimity, an 1 aee-nmpani.-.) ( with so geiieroua an expression of estcin and conlid.-nec, ouirht to outweigh afl merely cr. soiial desire and preferences of my own. Ills with tins feelin-r, and 1 trust also from ncep sense of piddle duty, that I now accj-pt the noiu -illation, and shall abide Uie Judgment of uiy . countrymen. t It would have lieon Impossible for me p) s-i epl , the iioiiiination if I could not heartily endorse . the platform of the onvention. I am gratilb-d , therefore, to be able uiie'iilr- , ociPy t i declare that I agree in the principle, approve the policies and sympathize with tlie j purposes eniinciatisl in that plallorm. Tin? institution of our country have been ! sorely tried by the exigencies nl civil war, ami j since tlie -ace, by a selllsh an 1 corrupt management if the 'public affairs, which lias, shamed us lief -re civilir.etl mankind by un- I wise and partial legislation, every industry; and interest of the people have li u made to sutr-r, and the executive ilepirtment of the l.overnn.cnt by dishonesty, rapacity i and venality , ha del. audit d Hie public service. I .Men know ii to be unw orthy have Insen j pronioU'd, wluUt other have 'lieen degraoiil ! lor li il.t U olli.ii! duty. l'ltii'ie 'V.-e ti-; J lecn in fie the means private pmut, and ' Hie country tia len ofTended lo s-o a class of 1 men w ho boast the friendship of the sworn pro- . toe tor of the .""tate. amassing lortuues by do frauding the public T reasury and by rorrup'.:ng the servant ot the people in such a r.sis ol tl history of the country. I rejoice that the convention at St. Louis has so nobly raise 1 THE SrAfKAKH Of III I I Ii: M . Nothing ran be well with u or with our affair until the public conscience, slns ked liy Ihe enormous evils and abuse which prevail, shall bate demanded aud compelled an unsparing reformation of our national Administration in its head nn tin it uieinls-rs. In sucli a reformation llie removal ol a single officer, even the President, I Comparatively A trifling matter it Hie tent which lie reurea-nla, aud which ha fostered him a he h.t fostered It, I ufTeril lo remain. The l'rcsidi r.t alone must not le made the scapegoat lor Hie enormities of the system which inf.tu the pubne service and threatens Uie destruction ot our institutions. In some respect I bold that Ihu present rxeci.'tive has l-en the victim rattier than the author of that vicious svstem. I ongressional and party leaders have li-en stronger than Ihe rreidei.t. No one man could have created il, and the removal of no one man can amend it. It is thoroughly cmrnpt, and must be swept remorselessly away by the selection of a l.overniiietit composed of eieineul enlire'y new and pledged to radical reform. The tlrs'l work of relorni must evidently be the iestnition of the normal operation ot the i onrtitution of the I nitcd States with all it amendments. The necessities of war can not tie plra h-1 in a time of l-aco. 1 he right of local self-government as i guaranteed by llie Constitution must tie every w here restored, and the renlrali.e.l and aim st personal imperialism w hich lis Iseen practiced I must In- done aw ay w ith, or the first principle of . tlie Kcpubhc will be lost. I THE IINASC1AL vt IsTHiN'. I Our financial system of expedient must be re- 1 formed. .old and silver are the real standard I of value, and our national currency will not l ; a period medium ol exchange until it shall be convertible al Ihe pleasure of the holder. A j I tire rerctofore said, no one iiesire a return to sjiocle payment more earnestly than I do, but I do hot lielieve it will or ran he reached ir. harmony with the interest ot the people by artillcial measure for the contraction of the currency, any more than I lielieve that wealth or permanent prosiM-rity can lie created by an inflation of the currency. T he iaw of I'm sine ran not lie disregarded w ith impunity. The Uuancial policy of the l.overnineiit. il in- ... . . - , , t de,sl it .leTve. the name of policy at all. ha luusssa iw iu.h -s Pit of t Fx . ia I ra U S hi I fltiA tal. ff X S tV '"7 ""-'' .- uKi..I.I.um .l.blnrli ul tfitf.m m.-r.-l a I akti.1 lilisiiss """V """ V " ' --- ronlld.-n.-e. as well a hindered a return to ) I II- 'ni llirn t. wile ii-nuic ui .us, '.i i.s-. the resumi'tion clauc of Ihe act of l7.", which has embarrassed the country by the anticipation of a compulsory resumption for which no preparation ha been ma.lc and w ithout any assurance that It would tie practicable. The repeal of lhat clause la necessary that the natural ojieriition of financial law may be restored, that the business of the country may he Tclievcl from iu disturbing anil depressing- influence, and that a return to specie pay ment tnav he f aciliuito.1 by the substitution of wiser an t more sriidcnl legislation, aad which shall mainly rely nn a Jiioiciou sslem ot public economy and lllcial petienrhmcnt, and, bImiio all, in the promotion . I' proierity iu all Industries of llie H-ople. i.aki.v r.rjii TH' ii)nit.i:. I tin not understand the repeal of the resumption clause of the actof 17A to he a backward su-p ia our return to e-ie payment. Mil Hie recovery of a lalso su-p, and although the repeal may for a . . I ... ......... I an, lt.u il.lumiii.,li..n . .f II. a H.ln,M.rs,lf pty on lhU subject has now W-en t ' ,,.rl,,,li v ,,viu,o,. There should 1 no hin- , ttrais-es put In the way of a rt turn to cie pay nionts. "As such a hindrance, sav the platform of tne st. 1ta.na Convention, "we denoiirce the resumption rl.tue of the act of s7a and demand its repeal." 1 thoroughly I sellers lhat hy public economy, hv ofllcial retrenchment and by w ise finance enabling u lo accumulate the precious metals, resumption at an early H-rixl is possible w ithout producing an artillcial scarcity of the currency or disturbing the public or commercial credit, and that tltese reforms, together w ith the respiration ol pure gov ernment, w ill restore general con fl lem e, encourage the useful investment nt capital, furnish employment to lalsor, and relieve the countrv from the intralysi of hard lime'. W itu Hie Industries if tlie people there have oeen fretpient Interferences. Our platform U uiy save "that many Industrie have Isccn impoverished to susidixe a few; oor commerce has lieen deranged to an inferior position on the high seas; manufactures have heca diminished ; agriculture ha lieen embarrassed, and tlie distress of the industrial classes ilema id that these thing shall be relormed." The burdens of the iseople must also lie lightened by a rreat cnanire In our system of public expenses. The profligate expenditures which Increased the taxation Irom Ave dollar tier capita '.t. 1". to eighteen it liars in ls7o, U li its own story of our need of fiscal reform. nt tt KM.ATIO!.. WITH FOREIClt pOWF.HS. Our treaties with foreign Powers should also be revised and amended in so tar as they leave the cilixens of foreign birth In any particular less secure in any country on earth than theywould be 11 they had been horn upon our soil. Tlie In-

h! il i toil coolie sysb-in which tlirouuh the airency ol weailliy coinpaiiles imports lunc bondmen, and establishes a Sm tea of slavery and interferes wiib the just reward of labor on our Pacific coast, should bo utterly aholietu-d. I ll II. St.HVH K lillolia. In the reform of our civil service I ruriM hearti ly indorse that section of tlie platfoim wnnii deciates tl.nt the cmi sol vice ought not to he subjit t to i-iiange at every election . and lhat nought not lo lie made the brief reward of party seal, but ought Ui lie awarded for proved c.mp-icncy , and for li lelity in the public employ. J hope never again lo see Hie cruel and remorscles proscription for isolit.ic.al pinions which haa do graced lite Administration for the past right year, llu I as the civil service now is, aa all know, it has some men cf tried integrity ami proved ability. Such men, and such men only, shoul 1 lie retained in ollice, but no man should lie retained for any consideration who ha prowtitiittsi hi i lh.-o to llie purpose uf parlnxn intiinidaliiin or compulsion, or who ha furnislMsd money to corrupt llieelei lions. This is done and has leeii i b nit) in almost every county of I tie land. Il is a blight upon Use morals of I be country, and ought to ! reformed. mi. rt iit.it: si inmi.s. Of sectional contentions an I in resi-nct to our common schools I have only this lo say, that in my judgeiiient the man or party that would involve our schools in (.Miiitii al or s-ct trian coutroversies l an enemy to the schools. I he common schools are so far under the protecting care of all the sco'le thai under Uie control of any party or section they niii-l be neither sectarian nor partisan, and there must he neither division nor misappropr at. on ol the fun is for their eiiiiort. Likewise I regard the many who would arouse and foster li mat annnosiiiea and antagonisms among 1 1 countrymen as a lai.gorous enemy d Ins com. try . A 11 the ieople must Is" made lo fed and 'know that once more then; is esLul. i-lie-l a puroe and a policy under which ail iit..-ns id every conditio:!, race and color will lie secure in the enjoyment of whatever lights llie Constitution and laws declare or re ognu, and lli.it in controversies that might r.ri-e, the invernment is not a partisan, but, within iu constitutional authority, the just and powerful guardian of Hie rights ami safety ot all. The strife between Mction and lM-twcen race w ill cease a soon nn the power lor evil it Liken sway from tlie party that makes political gain out ol s.- nes of violence and bloodshed, and the constitutional authority placed in the hand ol men whose Mihiical welfare requires that peace and good order shall bo preserved everywhere. COMO.I HON. It w ill tie seen, reiitlenicn . that I am in entire accord with the platform of the cnventi n liy which I have been nominated a a candidate for the fifties of Vice-President of the I'tilted States, rrnii me, in conclusion, Ut expres my saltsfaction at being aesociat-d w ith a candidate I r the Presidency who i first among hi equals as a representative of the spirit of the achievements of reform in hi ollicial career. A the Kxiftitive of I. ie great stale of New York, he ha inacoinparatively slmrt period rcformon lis? public service, and reduced the public Imp len so a a to have earned at once Hie gratitude of bis slate and the admiration of the country. The people know him tolas thoroughly in earnest. Ile has shown Himself to tie possess-.! of the towers and qualities which 111 hlin in an eminent degree for Uie great work ol reformation, which, mis country now need, and if lie shall tie chosen by tlie ieople to Ihe In ill office ot President of the Voiled SLales, 1 lielieve that Hie day of hi inauguration will lie ihe iM-giiiiuug ol a ne cr-i tf pc purity and prosperity iu all the department of our oven nient. I am, gentlemen, your oliedient servant, TlKiMX" A. HlM ICU kS. To the lion. John A. McClernand, chairman, aad other, of the Committee of tae Nat.onal l-eiin ratic ConveuUon. Various Ytrslons of the Lord'n Prajer. Fen- scholars, even, are aware of the p-rent t'hiinpes througli which the Knrlish lan";u:i:e has inissetl in successive i-onturics. T'ollfiwinp; are siivciaiens of the I-onl's l'rayer im usej atrarious iH-riotU in Knejlish histry: A. I. 115k. Faler ur in heune, halewi'iile bcith thi neunc, cumin thi kuncriche, thi will booth idun in heune anl in crrho. Tlie euryeu dj.we bried, pit ous thilk dawe. And vorrif uer tU'tU's ai vi yorsifen urc dettourct. And lone ui nought into tcmti tttn, but tle'yvor ev.i of evel. Amen. A. 1). 1:500. Fadir tire in hearene, llalcwyd be thi name, thi kingdom come, thi willc be don as in hevene and in erthe -Our urche days bred give us to day p. And forgive oure detus a wt forgive oure dettoures. And lead u nr in temptation, bote delyveor us of yil. Amen. A. D. 1370. Oure fadir that art in hpunes hallowid be thi name, thi kingdom ronie to, be thi wilJedone in orthe as in heune, geve to us thi day oure breed oure other substance, forpene to u our dettU as we forgauen to our dettourif, lede not into teruptation ; but delyner us yvel. Amen. A. I), lo'it. () oure father which arte in hevon, hallowed be thy name. let thv kingdom come. Thy wyoll be fultillcd at well in earth as it i in heven. (iive us this day oure day ly brede. And forgive us our treasjiat-es even as we forgive our treaspacers. And lead us not into temptation, but dclyver n from veil. For thyne is the kingdome and the power and the glorye for ever. Amen. A. D. ltr81. Our father which art in heaven, ancti6ed be thy name. L?t thy kingdom come. Thy will Ih done, as in heaven, in earth also. (live us today our superstantial bread. And forgive us our dettes as we forgive our dctters. And lead us not into temptation. Hut delivere us from cil. Amen. A. I). 1611. Our father which art in heaven, hallowed Iks thy name. Thy kingdom come. Thy will la done in earth, as itis in heaven, (iive us this day our dnyley bread. And forgive t.s our debts as we forgive our debtois.

And lede us not into temptation, but!elivcr us from evil. For thyne is the kingdome, and the power, anH the glory forever. Amen. Huston Anwr Lady Swimmer at Cape May. I have seen some of these ethereal ladies swimming and diving as fearlessly as fish. Ueoently I saw a couple, I suppose man and wife, a little further out than seemed to be safe. She wtmld get upon his shoulders and diTe from them through the heaviest breakers, then she would attempt somersaults over his arms ; for a moment her head and half her body would be in the deep, and her feet toward the zenith. Somtimes, before she had completed the revolution, a big breaker would etrike and toss her filteen feet away, when I expected to see her half-drowned and in need of masculine assistance, he would simply spout liko a little whale, snatch the brine from her eyes and was ready for another trial. Corner-Mvne. Tim motto of the watering-place girl 8 to Let no single man escape."