The Athens weekly Georgian. (Athens, Ga.) 1875-1877, August 15, 1876, Image 1

Below is the OCR text representation for this newspapers page.

* Fof President: r. TZLDE1T, or STEW TOSS. = resume, have usually leea obliged to collect from needy borrowers tlie ineausiredeem ex- We, the chosen representative- of the Democratic party «***iva issues and provide reserves. AVague idea of of Georgia, In State Convention assembled, do make the ! distress is therefore often associated with, the process ret *emj>tion, but the eood^iiSimwiind distress •if COP'’' COPV. Three Month^-y-^..— liVrBS OF advertising. 1 VvVV VT^twr wvmre for « nch continuance, 'Sf JS3ES?Se month Fot jonger ‘is ft liberal deduction wi» ho made. A «•*“* «»«* cents a Vino. , ,EGAL ADVERTISEMENTS. ^ ! COPY, Six MonO*^*** poaet, and we invite every lover of constitutional liberty and good government to co-operate with na in maintaining and carrying the aame into practical effect: Resoi.vkd, 1. We re-nvew our thorough identification with the great National Democratic party of <he United States,' and accept the platform of priaeiplea and policy recentlyjiroipulgjited by the party at St. Lomis, Missouri. ——. - - 2. The recent nominations by the National Democratic VICQ P3?eaidon+ ■ -party *»»««! *• TUden, of New York, lor the olfice of V *wtr f f .Vnaiidcnt, and of Thomas A. Hendricks, of Indians, for 'the office of Vice-President, meets our hearty approval, and wo do hereby pledge our Democratic brethren. North, South, East and Wear, that we will put forth the most active, earnest and energetic effort to secraas the trium phant election of the*© distinguished citizens to the.Jtfgh office* for which they have been named aa candidates. 3. We declare, without equivocation, that we are de cidedly and firmly in (avor of retrenchment and reform in the administration of every department of the govern-) TSOS. A.HE1TEE.ICKS j OP XXTEX&2T.a_ ©twfce Eom.ocra.tlo Ticlcot. FOR GOVERNOR H. COLQUITT. OP DEKALB. ment, State aa well as Federal, and we sincerely that the National party with which we are identified, _ placed itself definitely and squarely upon a platform that begins, continues and ends with the doctrine of purifica tion and reform in cTcry place, and in every thing con nected withthe government and its administration. 3 00 ? 2 50 •e 5 00 ! .. 5 00 j h time. .... 1 00 1 2 25 I seh time 1 50 ) ■y The above legal rates corrected by j f Clarke County. rt^M* fi fs *#1©# p*‘r s« on .-mIcs. I*r . M »rt.'»*?«*. |»«*r !‘«jusre, smssTDExnxai. electors. zy.t3'..s £££*4sjjcv-*, - Vor tb* Stat-k««L-fc Xseerge- A. Ft. LAWTON. [JOHN W. WOFFORD. ALTERNATES, L. J. GARTRELL, H. D. D. TWIGGS. District Delegates. | First District—A. M. Posers, «f Burke. Alternate, T. K. Davenport, of Glvnn. , Second District—U. E. (’annon, of Clay. Alternate, James L. Seward, of Thomas. • . m 5 DMAfAnn«A«ia1 n i Third District—.1. M. DuPree, of Macon. Alternate, usinsss ana Professional Caras.. k” rt"“ , DutriVt-w!' ,rt ' | E. M. Butt, of Marion. Fifth District—F. I). Dismwke, of Spalding. Alternate, Al- [ >ur, h District—W. O. Tu^lc, of Troup. Alternate, If. R. LITTLE, attorney at Zati\ ( AltNESVILl.E, GA. l.;s.ls;s.tf. J. S. DOllTCH, Attorney at Zair, i .WtNKSVll.LK, GA. " • A. Shorter, of Fulton ! Sixth District—Frank Chambers, of Wilkiuson ; ternate, M. V. McKibben, of Butts. Seventh District—L. N. Trammell, ol Whitfield. Al ternate, Hamilton Yancey, of Floyd- — ; Kighth District—D. M. Du Bose’, of Wilkes. Alternate, F. E. Eve. of Columbia. I Ninth District—J. N. Dorsev, of Hall. Alternate, F. 1 L. Harison, of White. in these former instant) a, do not now (Mi. The Gov ernment has only to nut good its promise*, and the bank* out take care of themselves without distressing anybody. The Government is, therefor*, the sole de linquent. , -;T. UUL TKXDtX lttmnov. „ The amount oftfie to£l tender notmof the United States now outstanding, is lee* than $37,000,000, bc- wdes $54,000,000 Of fractional currency. -- How shall the Government make these notes at all times aa good as sTCcte I It ha* to provide in referenos to the mess, which would be kept in use by the wa3» of business. A central reservoir of coin, adequate tcktiie adjustment of the temporary fluctuations of international balances end as a guaranty again0 trausieut drains artificially treated bypauic or by speculation. It has also to pro vide lor the payment of such fractional currency aa ■nay be presented for rcdeffiptWi and such inconsider able portions of the legal tenders as imlii idnala, from time to time, as they may desire to convert for special uae or in order to lay by, in coin, tlieir little stores of money. Besnmptiou is not difficult. To make the coin ra the Treasury available lor this reserve, to grad ually strengthen and enlarge that reserve, and to pro vide for such other exceptionable demands for coin as may arise, does not seem tome to be a workof dilB-, culty. If wisely planned enfl disci Jelv jmrsued, it hoi*e out! confidence. The coin in the Treasury on the 20th of June, includ ing whst is held against coin certificates, amounted to nearly seven millions. The current of precious met- .. ... . ... . - . . - als which has flowed out of ©ur country for eleven the Public neace conserved, labor disburdened and ener- , years, trom July 1st, 1865, to June 80th, 1876, aver- gisetl, confidence between man and tuan restored, and the i * J?ihTW» . ™ r rmo s« prosperity aud happiness of the whole placed upon a sound u £ Dearly 976,000,000 000.000, m and enduring basis. | the whole period of which fbl7,000,000 were the pro- # duct of our own mines, to amass the requisite quanti- ties by intercepting from the current flowing out of the ! country, and by acquiring from the stocks which exist ! abroad without disturbing the equilibrium of foreign ■ money markets is a result to be easily marked out by • Mur /,Y/| t T.VUJ f IJT practical knowledge and judgment, with what respect XI lo JLiO^Nlx iJlv 1 • > to whatever surplus of legal tenders the wants of busi- TER OF ACCEPTANCE. ness may fail to keep in use, and which, in ordi r to | save interest, will be returned for redemption, they can . , , _ _ ... be either paid ot they cun bo funded. WhetbeTthey A Masterly R6V16W Of tile Font- I continue as currency or be absorbed into the vast muss ir«al Sit.nsit.ioil Til Favor of! °f securities held as investments, is merely a question 1Cai tuution 111 r I OI of the ^ of iuterest they draw . Even if they were to Resumption, Public Economy, remain 1 “ - - - * *• pics of retrenchment and reform herein-hefore set forth, and bis acceptance of the candidature to which wc invite hiiu, will be deemed a distinct pledge on hie pvt, that if elected, that be will so exert the influence and power of his olficn, as to ffidwre tuTMthm. lissen tliXpiihlic v 1 spend" tures, and lift, as far as in him lies, the incubus of “ hard timea" from the i*eople. 5. We hereby pledge to the people of Georgia our earn est efforts and zealous co-operation to perpetuate a just, impartial and economical administration of the affairs of the .State, to the end that law and order mat be obtained. TILDEN. Official Retrenchment Wise Finance. and in tlieir present lonn and the government were to aeree to pay them rate of interest, milking them de- of a system of preparation without the promise of a day, would be the gain of the substance of resumption in exchange for its shadow, nor is the denunciation nn- meritod of that imprudence which the eleven years since the peace baa consumed $485,000,000, and yet could not afford to give the people a sound and stable currency. Two and a half per cent, on the expendi tures ot these eleven years, or even less, would have provided all the additional coin needful to resumption; to relieve business distress. The distress now felt by the people in nil their business und industries, though it has its principal cause iu the enormous waste of capi tal, occasioned by the false policies of our government, has been greatly aggravated by the mismanagement of the currency. Uncertainty, is the prolific point of mis chief in all busincss. Never were its evils more felt than now; men do nothing, because they are unable to make any calculations on which they can safely rely. They undertake nothing, because they lfcar a loss in eveiything they would attempt. They atop und wait; the me reliant dares not buy for th* future consumption of his customer*; the manufacturer dares not make fabrics which may not refund his outlay; he shut* bis factory and discharges hi* workmen; capitalists cannot leodjon security they consider unsafe, and their funds lie almost without interest: men of enterprise who have credit or securities to pledge will not bmrrow; consump tion has fallen below the natural limit, of a reasonable economy. Prices ef many things are under their range in frugal specie paying times. Before the civil war vast masses of currency by in the banks untouched. A year anil a half ago the legal tenders were at their hugest volume, und the twelve millions since retired hsJve been replaced by fresh issues rf fifteen millions ot bank notes. In the meantime the banks have been surrendering about four millions a mouth, because they cannot find a profitable use for so many of these notes. The public miud will no longer accept slmtus. it lias suffered enough from illusions. All insipccre policy increases distrust, an unstable policy increases .uncertainty, The people need to know that the Gov ernment is moving in the direction of ultimate safety and prosjierity, and that it is doing so through prudent, safe und conservative methods which will be sure to inflict no new sneraftce on the business of the country. Then the inspiration of new liojie mid well founded confidence will have in the restoring processes of na ture and prosperity will begin to return. The St. Louis Convention concludes its expression in regard to the currency by n declaration of its convictions ns to the practical results of the system of preparatious itde- mnnds. It says: We believe such a system well de vised and above all entrusted to competent hands for execution, creating at no time tin artificial scarcity of currency and at artificial scarcity of currency and at no time alarming the public miud into a withdrawal of that vaster machinery, credit, hv which 95 per cent, of II. Jackson. L. W. Thomas. JACKSON <t THOMAS, Attorneys at JLia-Wi Athens, Georgia.. -rt.if r. 1). HILL, iliO/LYET AT JjAW y ATHENS, GEOKGIA. i attention junven lo ull busine** and the aame Lly )!irtc»l. janll -Jy. POPE RARROW, VI O JtJYBT sl2 7, A W, ATHENS, GA. Win Mr. J. II. Newtou'ancw nrildinsr. E. SCHAEFER, 0TTOXBUYER, party in eacli State, a zealous effort and co-operation to 1 swered that at mv c$riw$t convenience, and in con- his end ; and hereby np|>eal to our fellow-citizens of every i formity with usage, 1 would prepare and transmit ^ou * lolicticul connection, to undertake with us this Ja formal acceptance. 1 now avail myself of the first 'interval in unavoidable occupations to fulfill that en- first i 7" r ^: r ' , v:ry;r { " u: ' vhole t ' ol i"' r ^O r ^ ,,0 1 h f, r ".r«- j gagement. The Convention, before making it- nomi- affirm ottr faith in the permanence of the Federal Lnlon, ^ v , i v ^ i our devotion to the Constitution of the I'nitcd States with 1 nwUoiiS, adopted a declaration of principles winch, as a iiiiu. vnaicr umvuiiinVj uvuit, u* mum sw pc* vcm, ui nanc©, etial j sirahle as investments, they would cease to circulate all business transactions arc performed. A system ‘ resumption - . . . ' and take their place with Government, State, municipal open, public aud iupsiring general confidence would ducing on artificial scarcity of currency of disturbing “ ZT . i and other corporate and private bonds, of which thou- from the dav of its adoption bring healing on its wings public or commercial credit; and that these reforms tc- i ore, August 4. me following Is Governor j sands of millions exist among ns. In the perfect ease to ail our * harrassed industries set in motion the gethcr with the restoration of pure government, will iildeu s Letter ot Acceptance: j with wliich they can be changed from currency into in- wheels^of commerce, manufactures and the mechanic restore general confidence, encourage the useful in- Albant, N. Y., July 31st, 1875. I vestments lies the only danger »o be guarded against in arts; restore employment to labor, and renew in all its vestment of capital, furnish employment to labor, and ftwri r«rv-Wiwin T lmsi t]i« hnnnr tn reef ivj* n adoption of general measures to remove a clearly j natural sources tliejprosperity of the people. The Gov- relieve the country from the paralysis of the hard Gentlemen. lien i had the honor to receive a i . -..f. ! j I timx*. With the industries of the people there have platform truly says v w t ^ w impoverished. Our lire wliich effects the public imagination, with the fear ! relieve the present business distress. If’charged by j commerce has been degraded to an inferior position on of an apprehended scarcity in u community where ored- J the people with the administration of the Executive j the high seas, manufactures have been diminished, ug- it is so much used, fluctuation of values and vicissitudes j office, 1 should deem it a duty so to exercise the pow- ricultnre has been embarrassed, and the distress of tlie in business arc largely caused by the te.i porury belief l ers with which it has been, or may be invested by Con- industrial classes demands that these things shall be of men even belore those beliefs conform to ascertained ! gress, as best end soonest to conduct the country to ! tstormed, realities. ! that beneficent result. * J The bin THE DEMOCRATIC PLATFORM ; uentlemen:—>vnen l imu me nonor io receive a i '• r> v i -..... r .- r — -— a * • e A ' An i B I personal delivery of vour letter in behalf of the Demo- ! •attained surplus that is the withdrawal of any j eminent of the United Mates, ra my opinion, can ad- I ttmes. With the industries of the people i We, the delegates of the Democratic onrty of the United S,t, c National (-invention, held on the 28thofJuue. which are not a i*ermauent excess beyoud the wants of j vance to a resumption of specie payuieut on ita legal | been frequent interferences. Our plattom ; States, Nat ionul Convention assemhlMl,* do hertrby declare'.,, st I mii* advisimz me ©f mv nomination as the business. Even more mischievous would be auy meas- ! tender note by gradual and side processes, tending to l l lmt many industries have been irapoven I the administration of the Federal Government to lkcinur- ' ' .* , '. nro <itKu>n tln> miVsIfo iinat»inat!nn n-itii tlm funs ! ruli»t-a t)m nn>cont Knaiiiaud iliatrac: TV .»!m »■/..»/1 Kt- I commerce lms been dnrFmdctl to an inferior K-'nt i,<.o.l of iiiimrelists enjoin upon j candidate of the constitnency re'P™*o»t«il by that body, the nominees of this t'onvention, nml of t lie Democratic j * or *be office ot 1 resident ot the Umted states. I un its amendments universally ac<cpted n« a final of the controversies that engendered civil war, and do here r coni our st end .'U. I confidence in the perpetuity of Re publican Self-Government. In absolute acquiescence in the will of the majority— the v ital principle ot tlie Republic; in the supre tlie civil over the military authority ; in the total sep t ion Church and State, for the sake alike of civil and re- i ligious freedom ; in the equality of all citizens Ik* fore just i laws of their own enactment; in tte liberty of individ ual comiiiet. urivexed by sumptuary laws; in the fuith- j ful education of the rising generation, that they may pre- AMOUNT or NECESSARY CCRRKXCY. The amouut of necessary currency at a given time CIVIL SEUVICK REFORM. tie i The Convention justify affirms that reform is neces- j five dollars per capita, in 1800, to eightecu dollars in j be | sary in the civil service, necessary to its purification, | 1870, tells its own stoiy ot our need of fiscal reform, j OLD SERIES', VOL. 55. —— .i ■ ■■■.. i * - claptrap of Tjowglit political power, the lianfls be foniul an illustration.,nft(®id high'' c-harcter of the men wh% founded onr in- slitutions and imposed upon us the respon sibility of their perpetuity. \Ye nre con fronted by a great party which practically, if not avowedly, say a it'is^r sectional hato and agitation; that-it-will deny to one-thirck of the people of these states the "blessings'' of a union based upon free thought and political equality ; who.think the offices of this government are-' party chattels to bo filled with office-holders who, but- for. tlieir positions would be dependent unon- the charities of the world. [Applause j Since the war we have sought peace and through all our trials and the Protean hues and shapes of reconstruction we have meant peace, and the recorded facts ot our history prove it, On the hustings in the pulpit, in the columns of the press ahd from the bench, lessons of charity,‘’Ijoo’d will and harmony to »H classes crPbur fellow-citizens have been taught and inculcated with a sincere purpose. [Loud cheers.] But I shall not detain you to-day, gentleman, with an elaborate speech upon the grert national issues. We have illustrated in the administration of the State . of Georgia since it was committed to the 1 do not understand the democratic party that no one of the rights or privileilges of any good citizens of the - . „ , , .... . country has been denied to him who'.had a the recovery of a talsc step; and although tlie repeal I _• l, , roi, ^ 1 T_ tiiuy for a time be prevented, yet the determination of | Claime them. [ Cheers ] In the Democratio party on this subject has been distinct- j illustrating this I might refer to the present 1.V declared. There should b 0 no.hindrances put in the : a bJ e and admirable administration. | Ap- way of a return oi specie payments. 44 Aa such hinder- * n 4 F_. ence*,” says the platform of the St. Louis Convention. p«auS6*J And it) the SB!D6 line to which I 44 We denounce the resumption clause of 1875 and dc-1 have made reference, it will be the duty of r^nty,^-:mcU U rtrcL^^d'by b w y iJ , e , fi-! ^at officer who shall be 'called to preside as "naming us to accumulate the precious metals, j his successor, to continue. fCheers.J ion at.anearly period f to possible without jiro- Gentlemen, without going any further and without any premeditation, allow me to say that while I receive your standard with great diffidence, distrustful of my own poweis, yet strong in the purity of my intentions, I be lieve that with your earnest co-operation, we will vitalize the Democaatic party and give a government to the country, which will en courage industry, unite a divided people and lie a token of peace, harmony and hap- . , , . , . , , .. ,, ,, piness under the providence of God, at the burdens of the people must also be lightened by n c ... i* i. • , , . , j a great change in our system of public expenses. The j lUHlling ot Which. We might bow down in I profiiiiatc expenditures which increased taxation from humble thanksgiving. ! 4i—. 1..— ... lwil.s tAo;«l.t/.m. .lnlloro in I ers have been stronger than the President. No one man conid have created it, and the removal of no one man can amend it. It is thoroughly corrupt and most be swept remorach sdy away by the selection of ..Govern ment composed of elements entirely new, end pledged to radical reforms. The first work of reform most evi dently be the restoration of the normal operation of the Constitution of the United Slates, with all its amend ments. The necessities of war cannot he pleaded in a time of peaoe. The right of local self-government as guaranteed by the Constitution of the Union mnst be everywhere restored, and tho centralized almost per sonal imperialism which has been practiced mast be done away, or tho principles of the Republic will be lost. Our financial system of expedients mnst be re formed. Gold and stiver are the real standard of value, and onr national currency will not he a perfect medium of exchange until it shall be convertible st the pleasure of the bolder. As I have heretofore said, no one de sires a return to specie payments more earnestly than I do, bnt 1 do not believe that it wHl or can be reached in harmony with the interests of the people by srtifleisi measures, or tho contraction of the currency, any more that I believe that wealth or permanent prosperity can be created by inflation of the currency. The laws of finance cannot be disregarded with impunity. The fi nancial policy of the Government, if indeed it deserves the nsme of policy at all, has been in disregard of these laws, and, therefore, nos disturbed commercial and business confidence, os well as hindered a return to specie payments. One feature of that policy was the resumption clause ot act of 1875, which ha* embarrassed the country by the anticipation! of a compulsory resumption for which no preparation has been made, and without any assur ance that it would be practicable. The repeal of that clause is necessary that the natural operation of finan cial laws tnay be "restored. That the business of the country may" be relieved from its disturbing aud press ing influence, and that a return to specie payment may befacilitud by the substitution of wiser and more'pru dent legislation which shall mainly rely on a judicious system of public economies and official retrenchments; aud, above all, on the promotion of property •*-- industries of all the people. 1 do not undei repeal of the resumption clause of the net of 1875 to be a backward step in our return to specie payments, but A Successful Conundrum. h Uric© y>»i J for Cotton, nl fres*. Agent for Win oct*20.1s75.t»*. K. A. niLLIAMSOy, PRACTICAL TCI I MAKER AND JEWELLER, r's Drug Store, Broad Street, Alltel s, Ga. me iu a superior manner and warranted to •lion. _ Jan.JU875.tf__ It. E. 'J Hit ASHER, mO'JiJY&Y A2 7Air, WATKI.N8V1LLE, GA. former Ordinary V Office. jxo25.187Q.ly REMOVAL! > A. SAZE, 2)EJV'2IS2, iii.MoYKP to tin* office lately occupied by I)r. J. :. guaranteed in both Work nod Frias. serve enjoy and transmit those conditions of human hap piness and hope, we l»ehold the noblest products of a hun dred years of changeful historv ; hut while upholding the l*ond of our Union and great Charter of these our rijilits. it trtdiooves a free people to practice also that eternal whole, seems to me a wi*e exposition ot the necessities j cannot be determined arbitrarily and should not bielpn powers should also bo i »*o far as they leave citizens of I ^particular less secure in any conn- •< J„|, n } iag never given you ft ring ?” snitl . . . r . - ,-. v - , — . ... ........ .hey would be it they had been born ° n T | >re than a passing approval. | u>c ot currency in the place of individual credits. It f assigned for proved competency und held for publicity upon our soil; and the iniquitous Coolie system, which, S sister to lier OIIC (lay. <101111 WHS KKioRM in pubuc EXPENSE. ‘.varies with certain states of business; it fluctuates l in the public employ. ’ j through the ngenev of wealthy companies, imports I Kaliii’s lover, flie necessity o! a reform in the naUe ot public ex- | Wll j, <*ousiderable regularity ut different season*, of the ! The Convention wisely added that reform is necos- Chinese bondmen, establishes a species of slavery and . *« lMWar i* cnid Ivutio with n rnoroifnl year, in autumn, for iustance, when buyers of grain j sary, even more in tlie higher grade* of the public ser- interferes with just rewards of labor, on our Pacific I s j 1 ivaue > " Iin a regreuui . .. « 1 U. -1 ■ -I— o—’-A—a e:- “resident, Judjjes. Senators, Rep- coast, should be utterly abolished. I most heartily en- j snake 01 her head. Federal States aud municipal, and in the inodes ot_Federal taxation, justifies all the prouuueuoe uml other agricultural products begin tl.clr operations, i vice, ] given to it in the declaration of the St. Louie Conven-i ^ iev usually meet to borrow capital or circulating j resenl tion. The present depression in all the busines-i und i cre by which to make these purchases, and want : nut ho l\ a. THOMPSON, ittoruey at La \v, nition paid to criminal practice. For refer- tv» K\. Gov. T. JI. Wutttimd Hon. David loati’.jinury Ala. Office over Itarry’s Store, *. * Feb. ».1876.t£ FRANK HARRALSON, -VTroRNEY AT LAW, CLEVELAND, GA. wtict in tiie counties of White, Union, Lmn- •z»<. and Fanning, and the Supreme Court ut Will give special attention to all clai ns er.- to ll* wre, Aug. 11 1875—41 —tf. JOHN W. OWEN, Attorney at Law* TOCVOA CITY, OA. • l^iee in *11 the counties of the Western Cir- '‘Luand Madison of the Northern Circuit. Will .'iJY'* !lUc,,ioW lo °**’ ,, n4 entrusted to his cure. I’ 1 vl! Conn. IIowell Cobb. L. & II. COBB, I Attorneys at Zah', Athens, Ga. <>llis-«- in Dcupree Building. nies, has hoiieyc-omtu-d thee offices of the Federal eminent itself with incaj«.-uity, waste and .fraud ; inflict ed Stales and municipalities with (lie contagion ol misrule, nml locked luNt the prosperity of an iuduNtrioti:* |*eoplo in the paralysis of** Hard Times. ” Reform is necessary to establish a sound currency, res tore the public .credit, and maintain the National honor. Wc denounce the failure for all the>e eleven yeais of peace to make good the promises of the lespl-tender note*, which are a changing standard of value in the hr.uds ot the |>eople, and tlie non-payment of which is a di-regard of the plighted faith of the nation. We denounce the improvidence which in eleven years of peace has taken from the ]>onple in Federal taxes thirteen times the whole amount of the legai-tender notes and squandered four times their sum in useless expense without accumulating any reserve for their redemption. We denounce the financial iml>ecility and immorality of that party which, during eleven years of peace, has made no advance toward resumption, no preparation for resumption, hut instead has obstructed resumption, be wasting our resources and exhnusting all our surplus in come; and, while annually professing to attend a speedy return to s|>cie||»ayments, has annually enacted fresh hin drances thereto. And such a hindrance we denounce thy itesumption-d:*y clause of the act of 1H75 and demand its repeal, We demand a judicious ay stem of preparation by pub lic economics, by official retrenchments, and by wise finance, which shall enab'e the nation to assure the whole world ot Us perfect ability and its perfect readiness to meet any of ita promisor at the call of the creditor en titled to payment. We believe such a system, will be devised, and, a\x>ve all entrusted to competent hands for execution, creating at no time an artificial scarcity of currency and at no time alarming the public mind iuto a withdrawal of that vaster machinery oferedit, by which the 95 per cent, of all luisi- nesatransactions arc perforated—a system open, public, and enspiring general confidence, would from the day of its adoption bring the healingon its wings to all harrassed in dustries, set in motion the wheels of commerce, manufac- factures, and the whole machanic arts, restore employ ment to labor, and renew in all its natural sources the prosperity of the people. Reform isnecessary in the sum and mode# of Federal Taxation, to the end that capital may be set free from distrust, and labor lightly burdened. We denounce the present Tariff, levied upon nearly 4,iiOO articles, as a masterpiece of injustice, inequality aud false pretense. It yields a dwindling not a yearly rising revenue. It has iinproverished many industries to subsi dize n few. It prohibits imports that might purchase the products of American labor. It h:is degraded Amcri- ican Commerce from the first to an inferior rank on the high *«**. It has cut down the sales of American man- uCicturesnthome and abroad,and depleted the returns of American Agriculture—an industry followed by hair of our people. It c<»sta the people five times more than it produce* to the treasury, obstructs the processes of pro duction, and wastes the fruit# of )ab«r. It promote* fraud, fosters smuggling, enriches dishonest officials, and industries ot the people tv Inch is depriving labor of it# j the^e funds in currency capable of being distributed ... , employment and carrying want into so many homes, aunts am ong numerous sellers. The additional! __ ^ r bus its principal cause in excessive governmental con-J cur rency at which time is five or more percent, of l incut, one is the prevalent and demoralizing notion that . proved competency, anil held for fidelity iu public ( 1 A “ ,, “ 4 1 ** * k,: c service exists uot for the business and bene- ploy. I hope never again to sec that cruel and re- wholc people, but for the interest of the office morscless proscription for political opiuiou which has j . who are in truth but the senrsuta of the peo- disgraced the administration of the last eight years. Under the influence of this pernicious error pub- But as th<* civil service uow is, all know' that it has | lploytnenta have been multiplied. The numbers of these gathered into tho ranks of office-holders have been steadily increased beyond any possible require- retained on any consideration who lias prostituted las i r l UU ent’ Kntlo in tbinhinr* and tr* meat of the public business while mefficiem.y, pecnla- office to purpose# of partisan intimidation or compul-! Ini3 set lvatie to UllDKing, and 10 What tion, fraud and malversation of the public funds from *ion, or has furnished money to corrupt elections; this | purpose we shall see. the high places of jvower to the lowest have overspread j done and has-been done in almost every county of , That evening her lover came to see her. 1 to redeem reach the gignntic sum ol forty-five hundred millions of i tjjj s subject in.tny uimuul message to the New York dollars. Local taxation has amounted to two-thirds ot , Legislature, of January 5, 187.5, the suggestion was that sum, mid much more, and the vast aggregate is not m _ lde that the Ftve -al Government is bound t less than seventy-five millions oi dollars. Tins enor-' • •• • ..... moos taxation followed a civil conflict that lias greatly impaired our aggregate wealth, and had made a prompt reduction of expenses indisj»cn-able. It was aggravated by most unscientific and ill-adjusted methods of taxa tion, tliut increased the sacrifices of the people far be yond the receipts of the Treasury. It was aggravated | was the reply. I “ Of course you never will. John is too ; stupid to think of such things, and you can some men of tried integrity and proved ability; such j never pluck Up courage to ask tor one, it lol- mcn should be retained in office, but no man should be 1 lows that VOU will DCV’Cr get one.*’ retained on miy consideration who has prostituted his t r | KS« U\$*5a - - - ^'mtimidatinii as eomrail. 1 A D1S 361 1V.UU5 le service like a leprosy. Tl.e other evil Is the I the land. It isa blight upon the morals of the country, ! „ A ", 1 uc .‘ 4 ”'« cul “° ^ ition ofjlic official class into a body of iKilitical 1 and ought to be reformed. Of sectional contentions, j *le WftS Very proUil ailU \ery happy, tor the iries, governing the caucuses and dictating the j and in respect to common schools, I have only this to j beautiful girl by his side had been for SCVer- every }M>rtion of it# issues which tho public do not wish* to use, having assumed to monopolize the Blip- ply of currency and enacted exclusions against every- the whole bodv else, it is bound to furnish all which the wants of organization business require. j mercenaries, ^ „ ( The #y#tcui should pasaively allow the volume ofeir- ; nominations of their own party nml attempting to gay—that in uiy judgment, the mau or party that would dilating credits to ebb and flow according to the t enrry the elections of the people by undue in- involve our schools in political or sectarian oontro- everchuugiug wants of btwiues#; it should emulate as j fiueuce and bv immense corruption funds, systematic versy, is an enemy to the schools, closely as possible tlie natural laws of trade which it ; cally collected from the salaries or fees of office holders, has *n{>erseded by artificial contrivances, omlin a situu- ; The official loss in other countries, some time by its . ' lar discussion in my message of January 4,1870, it whs 1 own weight and some times in alliance with the army, and labor. ^ Lven in prosperous times the daily wants j that resumption should be effected by such means i has been able to rule the unorganized masses even un- of industrious communities press closely ujsm tlieir ^ would keep the aggregate amount of the currency dcr universal suffrage. Here it has already grown into daily earnings; the margin ot possible national saving# self-adjusting during all the process without creatiug a gigantic power capable of stifling the inspirations of a is at best a small percentage ot natioual earning*, vet, j al anv time an artificial scarcity, and without exciting ' sound, public opinion, and of resisting an easy change nnw f«r thf«« eleven ve.irs cmvernniontal consuinntinii public imagination with alarms wliich impair con- jofadmiuistratioiiuntiimisgoveriiincntbecomesintolcr- fidence, contract the whole large machinery of credit ! able aud public spirit has been stung to the pitch ot a and disturb the natural operations of business. Means | civic revolution. The first step in reform is the eleva- of resumption, public economies, official retrenchment J tion of the standard by which the appointing power se ll i ore by a finauciui j>oiicy which tended to diminish the energy, skill and economy of production, and the fru gality* of private consumption, and induced miscalcula tion* in business and an unrununerative use of capital now for these eleven years governmental.consumption lias been n larger portion of the national earnings than the whole people can possibly save even in prosperous times foT all new investments. The consequences of these errors arc now a present public calamity, but they were never doubtful, never invisible; they were neces sary ami inevitable, and were foreseen and depicted when the waves of that fictitious prosperity ran high est. In a speech made by inyseli on the 24th of Sep tember, 1863, it was said of these taxes : “They bear heavily upon every man** income, npou every industry and upon every business in the country, and year by year they are destined to pres# still more heavily, un- ,,ue less wc arrest the system that gives rise to them. It was comparatively easy when value# were doubling under repeated issues of legal tender paper money to pay out of the froth of our growing und apparent wealth these taxes; but when values recode and sink towards their natural scale the tax-gather takes from us not only our income, not only our profits, but also a portion of our capital. I do not wish to exaggerate or alarm. I simply say that we cannot afford the costly and ruinous policy of the Radical majority of Congress. Wc cannot afford that policy toward the South. We cannot afford the magnificent and oppressive centralism into which our governments is becoming converted. Wc cauuot afford the present magnificeut scale of taxa tion to the Secretary of the Treasury.** 1 said, early iu 1865, “there is no royal rood for a Government more than for an individual or a corporation, what you want ti do now is to cut down your expense# and live withiu your income. I would give all the legerdemain of fi nance and financiering—I would give the whole of it— for the old homely maxim, “Live within your income.’* This Tefiwra will* be resisted at every step, but it must and wise finance are the means u Inch the St. Louis Convention indicates a# provision for reserve# and redemptions. The best resources is a reduction of the expeuses of the Government below its income, for that imposes no new change on the people. If, however, the imprudence and waste which have conducted us to a period of falling revenues oblige us to supplement the result# as economies and retrenchment# l>y some resort to loan# we should uot hesitate. The Govern* ment ought uot to speculate on its owm dishonor iu or der to save interest on its bonds, promises which it still compels private dealers to accept at a fictitious jar. The higiiest uationol honor is not only right, but would prove profitable. On the public debt niue hundred and eighty-five millions bear iuterest at 6 per cent, in gold, and sev enty-two millions at 5 per cent, iu gold. The average interest is 5-58 per cent. A financial policy which should secure the highest credit wisely availed of ought gradually to obtaiu a reduction of one j»er cent, on the interest on most of the loans. A. saving of one per cent, on the average would be seventeen millions a year in gold. That saving regularly invested at 4 1-2 per cent, would, in less than thirty-eight .’years, extin guish the principle. The whole seventeen hundred million# of founded debt might be paid by this saving, alone, without cost to the people. PROPER TIME TOR RESUMPTION*. The proper time for resumption is the time when ALEX. S. ERWIN, ' Attorney at Zair, Athens, Ga. P 00 ‘ m Kroad Street, between Center & I and Orr & Co., up-stairs. p-iKUy. * U/i’E/tr .iso Tale stable Jenngts, Bugifia a)u f j{ or ,(g for Hire. TERMS REASONABLE. Washington, Wilks, O., G*. A A. WHIN, [Drvrv —With— pOOVER, STUBBS & CO., Cotton factors, -And— p fis/8 / Commission Merchants, swollen from 60 million geld, in I860 to 450 millions cur rency, 1870; our aggregate taxation from 154 millions cold, in 1800 to 730 milltous currency in 1870 • or in one decade, from less than $5 per head to more than 818 per head. Since the peace, the people have paid to their tax- gatherers more than thrice the sum of the National debt, and more than twice that sura for Federal Government alone. We demand a religious frugality in every depart ment, and front every officerj of Government. Reform is necessary to put a ztop to the profligate waste of public land and their devisions from actual set tlers by the party In power, which has squandered 200 millions of acres upon railroads alone, and out of more than"!hrice that aggrepate tin* disposed of less than a * >»ixth directly to tillers of the noil. Reform is necessary to correct the Republican Congress and the errata of diplomacy which have stripped our fel eizn birth and kindred rate from recruesing the Atlantic, of the shield of American citizenship, and have exposed ourbrethern ot the Pacific coa**t to the incursions of a race not sprung from the same great parent stock, and in fact now by law denied citizenship through ustundiza- tion as being neither accustomed to the tnidllloiiM of a progressive civilization nor exercised in lilx-rty under equal laws. We denounce the policy which thus dix-ards confront the mcnanee ot the senate anu me Executive, that unless the objectionable appropriation be consented to, the operation* of the Government there-undcr #lmll suffer detriment or cease. In my judgment, $.n amend ment to the Constitution ought to be devised, separa ting into distinct bill# the appropriations for the various department# of the public service, and exclu ing from eac h bill all appropriations for other objects, and all independent legislation. In that way aloue, the reviso ry power of each of the two Houses, and of the Execu tive, be preserved and exempted from the inoral duress which often compel# assent to the objectionable appro priation# rather than stop the wheels ot Government. The South, an accessory cause enhancing the distress in business, is to be found in the insupportable misgov- eroment imposed «»n the States of the South. Beside? the ordinary effect# of ignorant and dishonest aduiinis tration, it ’has inflicted nj»ou them enomions issue# of fraudulent bonds, the scanty avail* of which are wasted ot stolen, and the existence of which is a public dis credit, tending to bankruptcy or repudiation. Taxes, geiicr»uy U|'jn^rn», •** ^ t ,,——T eated the entire income of property, and totally de- strcjeil iu market value, ft Ls Ui,possible that these the liberty-loving Geri«an ami toleratesthe revivals ot the evils should not re-act upon the prosperity of the whole eoolie trail© in Mongolian women imported for immoral i country. The nobler motives ot humanity concur with preparation# shall have been matured. The exact date would have to be chosen with reference to the theu existing state of trade and credit operation# in our own country. The course of foreign commerce aud the con dition of the exchange# with other nations, the specie measure# and the actual date, arc matter# of detail having reference tojever changing the condition# that belong to the domain of practical administration and statesmanship. The captain of a steamer, about start ing from NewIYorkto Liverpool, doe# not assemble a council over hi# ocean chart and fix an angel by which to lash the rudder for tlie whole vovage; a human in telligence must be at the helm to discern the shitYing force of the water# and the winds; a human hand must be on the helm to feel the elements day by day and guide to a msstety over them. PREPARATIOX FOR RESUMPTION. Such preparation# are everything, without them a lect# agent# to execute official trusts.* Next in impor tance is a conscientious fidelity iu the execution of the authority to hold to account and displace untrustwor thy or incapable subordinates. The public interest in an* honest, skillful performance of official trust must not be sacrificed to the use of the incumbent. After these immediate steps which will insure the exhibition of better examples wc may surely go on to the abolition of unnecessary offices, and finally to the patient, careful organization of at beter civil service system under the tests wherever practicable, or approved competency and fidelity. bile much may be accomplished by these methods, it might encourage delusive expectations if withheld here, the expression of xny conviction is that no reform of the civil service in this countiy will be complete and j>ennanent, until its Chief Magistrate is constitutionality disqualified for re-election, experi ence having repeatedly exposed the fatality of Belt-im posed restrictions by candidates or incumbent*. Through this solemnity only can he be effectually de livered from this great temptation to misuse the power and patronage with which the Executive is necessarily charged. C-NCLUSICN. Educated in the behalf that it is tlm first duty of a | citizen of the Republic to take his fair allowance of I care and trouble, in public affairs, I have for 40 years as a private citizen fulfilled that duty though occupied in ! un unusual degree during all that jxmod with tne con cords of Government, l have never acquired the habit of official life. When a year and a half ago I entered upon my present trust, it was in order to consummate re forms, to which I have already devoted several of the best years of tnv life. Knowing as I do, therefore, from fresh experience how great the difference between gliding through an official routine and working out a reform of systems and , ... . policies, it is impossible for me to contemplate what j Convention, need# to be done in the Federal administration without an auxious sense of the difficulties of the undertaking. If summoned by the suffrages of my countrymen to at tempt this worts, I shall endeavor with God’s help, to be tne efficient instrument of their will. (Signed.) Samuel J. Tilden. To Gen. John A. McCleruard, Chairman; Gen. W. B. Franklin, Hon. J. J. Abbott, Hon. li. J. Kedfield, Hon. F. 8. Lyon and others, Committee etc. Common schools are safer under control of no party or sect. They must be neither sectarian nor partisan, and there must bi neither division or misappropriation of funds for their support; likewise, I regard the man who would arouse or foster sectional animosities und antagonism among his countrymen aa a dangerous enemy to bis country. All people must feel and know that once more there is established a purpose and jk»1- icy under which all citizens, of every condition, race and color, will be secure in the enjoyment of whatever rights the constitution and law# declare or recognize; and that in controversies they may arise, the Govern ment i# not purtisan, but within its constitutional au thority the hint and powerful guardian of the rights and safety of all. The strife between tlie sections and between tlie race# will cease as soon a# power for evil is taken away from the party that makes jiolitical gain out of scenes of violence and bloodshed, and constitu tional authority is placed in hands of men, whose po litical welfare reciuire peace, and good order shall be preserved everywhere. It will be seeu, gentlemen, that I am in entire accord with tho platform of the Convention by which I have been nominated aa a candidate for the office of Vice- President of the United States. Permit me, in conclusion, to express my satisfaction at being associated with a candidate for the Presidency who is first among iiis equals as a representative of the spirit and achievement of reform, in his official career os the Executive of the great State of New York. lie has, in a comparatively short period, reformed the pub lic service anu reduced the public expenditures so as to have earned, at once, the gratitude of his State and the admiration of the country. People know him to be thoroughly in earnest; he has shown himself to be jK>sses#ed or jiowers and qualities which fit him in an emineut degree for tlie great work of reformation, which his country now needs; and if he shall be chosen by the people of the high office of President of the Unitea States. I believe that the day of his inauguoration will be the beginning of a new era of j>e:ice, purity and prosperity in all department# of our Government. 1 tun, gentlemen, Your obedient servant, Thomas A. Hendricks. To the lion. John A. MeClemand, Chairman, and others, of the Committee of tho National Democratic al weeks pledged to marry him os soon ns the business could lie properly done, and John was a grand good fellow, too, notwith standing his obliviousness to certain polite matters. “John,’’said Katie, at length, looking up with an innocent smile, “ do you know what a conundrum is?’’ “ Why, it’s a puzzle—a riddle,” answered John. “ Do you think you could ask me one I could not guess ?” “ I don’t know, I never thought of such things. Could you ask me one?’’ “ I could try. ’ “ Well, try, Katie.” “Then answer this : Why is the letter D like a ring John puzzled his brain over the problem for a long time, but was finally forced to give it up. “ I don’t know, Katie. Why is it?” “ Because,’’ replied the maiden, with a very soft blush creeping up to her temples, ice cannot-be iced without it.’’ In less than a week from that date Katie had her engagement ring. RIP-RAPS. etriicrsllv oppressive, in eonie inatunces, have confix- ' legislative command, fixing a day, ah official premise, b . .i .'I: : ... ..4* nn.l t..tallv .1a. A.a Jav am fll'iiTva TIipv nro WGNP. TllPV nh» n purposes, ami MonKoli.m men hired to perform the *er- \ t ) ie material interests of all ill requiring that every ob- vilc tabor contracts. ... j - »-* j .j— Ueform is necessary and can never be sleeted but by mak ing It th© controlling th© i»*u© $»f t he elecLons, a_i d Hftinu It Savannah) Ga. r J}**' K°pe md other supplies fijrnishccL i , tu>h u J v »nccs made ou consignrm ut* for i’Httut to Liverpool or Nortl^em ports. .. Mny80.U75.tr. FVeatibL aajpcitsB. head & W. F, HOOD, Mrvn’” 1 * Fcc!,i> *v AND Oconee Sibxxt*. Vfti KKK f' MUTTON,PORK, AHDSAl SAGE, Bologna Sausage). Onr Sol cltor is Fi* » v ,,re “ t reaJ y to supply the want t of the Please give In yoar orders and wo pi*G®T*T.rot*»HMEg3|l. * »UojI' Mkat P rioe * P*^ fur Beaves, Sheep, '-So.l87a.iv. j. j. head .t CO. -1- -V. COCHRAN, p »al e of Cl?U'lwvtd Land Agent tot they utchsse J’i'* Farming Lands in l; all, and ' ana linlL 1 *.* °f Northeast Georgia. Mineral ores at!™?.* 0 property investigatod. r% t- [j B' vc " to the purchase anc tale oT j-^-U0USgY, Attorney. mayi—4m * Sl^HINIZY,..- O v •» c - H. rhintay * «*. - 22 OE EAC2 0ZR, Uhthi Auan8T *« Georgia. ^ Advance* ni*i 0 on Consignment* ileTelltftvufi^e iMiin with which the offica-hoiding clew end the party in power seek lo ameotlwrtt— 1 The false tuauo with which they would enkindle sec tarian strife in rerpeetto the pnhlic »clioo>, of which th# establishment and support belongs exclusively to the a -versl Slates and which the Democratic part has cher- ldied from theliMeuodatlon.and is revived to maintain without prejudice or preference fcrany clas., sect or creed, and without Imposes from the Treasury to any. 2 The OilM issue hy which they seek lo light anew the dying emhm. of eecdonal hate between kindred people once estranged, but now reunited in one indivisible Ue- PU I K 1 .rS.“ce°^ , ln y ih. efvll service. Evperie.ro nrnvMi that efficient, economical conduct «»f the Govern- E,.nfib«l»e«Unot Impossible lilts civil service be subject to change at every .lectkm. beajrlio^fought for at fixing a day, are shows. They are worse. They are a snare end a delusion to all who trust them. They de stroy all confidence among thoughtful men, whose judgment will gat least sway public opinion. An at tempt to act on such a command, or such a promise, without preparation, would end in new suspensions. It would be a fresh calamity, productive of confusion, distrust sud distress. The act ot January 14th, 1875, enacted that ou aud after tlie 1st of July, 1870, tlie . tncle be removed to a complete and durable reconcil iation between kindred people once unnaturally ea st ranged, ou the basis recognized by the 8t. Louis plat form, of the Constitution of the United States, with its amendment* universally accepted as a final settlement Secretary of the Treasury shall redeem ra coin the legal of the controversies which engendered civil war. But tender notes of the United States on presentation at the in aid of a result so beneficent, the moral influence or office of the Assistant Treasurer iu the city of New every citizen, a# well as every governmental authority, York. It authorized the Secretary to prei«re and ought to be exerted, not alone to maiutain tbeir just provide for such resumption of specia payment# by equality before the law, but likewise to establish cor- j th s use of any surplus revenues not otherwise appro- dial, fraternal good will amohg dtiaens, whatever their priated, aud br tasueing, in his discretion, certtun race or color, who are now united In the one destiny of classes of bonds. More than one and a half of the common self-government. If the duty shall be assigned » ye irs have passed. Congress and the President have a. 1 ..W.wl.l .wvt »V.I trt nrarmiP 4It* MVPr with 1 AV«r KIPM to Unit© IQ ICtS WhlCll liaVO Id?- GOY. HENDRICKS* LETTER. He Heartily Approves the St. Louis Platform and Demands the Repeal of the Resumption Act. nests of honor a-wigntd fcr proved roiapetmier, and held tor ttdrlitv In the politic employ ; that Ihe_ dispensing of patron we should neither laatti upon the time ..four public men, nor the instrument of tlieir ambition. Here promise, falsified in the |wrf.irimmco, attest Wist the part. In purer can work mit eo practical ur salutary reform. Reform la necenurr ereu more in the higher grade, ef the public service. Presldenlt, Vice-rreeidenU, Judges. Senators, Renrerentative., Cabinet officer*, three ana an other. In anthnritjr are the penjile’snervaiit.. Theirofficre are not a private porquialt.; they are a piddle trust. TVhdn the annals oft hi. Republic .how the diegraee and ren.nre of a Vlca-Prealdent; a late Sneaker of the Houre W. llepresenUlives marketing hla ruling, as a presiding officer, three Senator, profiting secret It by their votes a. law-makers: fire chairmen of the leading committees of the House of RepireentaMre. expreed to jobbery; slate f£^¥&E£2tfSS& r,SnTro,V.?rn« with hi* utparttneol; «n Erabzsrador to Ksgtand censured In • dishonorable speculation; and the President * jjf 1 * Secretary barely escaping conviction upon trtal forgnlUy complicity In fraud* upon the revenue; » Secretary of \\ar being impeached for high crime* and mtaIerae*nora—the demonatrathMi la complete, step In Reform mni t bn the nconle** choice of honest men from anotner party, lest the disease of one political orraalastion Uifeat the tidy politic, and lest, liy making an “ f „'“' n ” r a necessity for Reform confessed by Hepobllcan. Iham- aelvc.; botthefli,fo'"«raarovataddowE lR*iwre«»ion mad displaced Tram the Cablaet. The iwrty’a maas of honest voters la poveri.se to resist tho 80,000 offlco-hold- ^^TonW^by a pWal. «vll RaroiatR,.. We deiased a change of ayaleiu, a change of admlnlrtra- tlon, a change of parties, that wa may hare a change of toraanrea and of men. whatever their 1.inner eoodition, in every political aud | to belong to the Government had, on the SOth of Jaue, personal right. i' fallen to less than forty-five tmUiou*, as against fifty- cvJXEtnr reform. nine millions on the 1st of January, 1875, and the Reform i* necessary, declare* the St. Lotus Coaven- availability of a part of that anm ia laid to be qneatiou- tiou, to establish a sound currency, restore the public able. The revenues are falling Cuter than appropriation credit, and maintain the national honor, and it goes on and expenditures are; reducing, leaving the Treasury to demand a judicious Vya «n of preparation by public with diminishing revenues.. The Secretary lias_ done economies, by official retrenchments, and by a wise , nothing under hu power to issue bonds. The Legu- finanec, which ahairenablo tho nation soon to assure | l.tive Committee, andthe official promise {fixing a day the whole world of its perfect ability and perfect readi- for resumption have thus for been barren. No pruc- ness to meet any of it# promises at the call of the cred- J tiezl preparations toward resumption have itor entitled to paymeat. The object demanded by the been made. There lias _ been . -.no progress* Gen. A. II. Colquitt’s Speech. ACCEPTING TIIE NOXMINATIOX FOB GOV ERNOR. Convention, is a resumption of specie payments ou the le al tender notes of the United States. That would not only restore the pnblie credit and maintain the national honor, but it would establish a sound currency tor the people. The methods by which this objeet U to *be pursued, and the means by which it te to be attorned, are disdoecd by what the Convention demanded by the future, aud whet it denounoed in the p**t—bank note resumption. KesumpUon of specie pijmenta by toe goveruincut of the United Slates on ita legal tender notes, would establish specie payments by all the banks on all their note.. Official statements, <» the 15th day of May, show the amount* of the bank notes was $300,000,00**, leas {*0J»0,0o0, held by themselves. Against Gieae *880.000,000 of notes, the b*nks held $141/100,000 of legal tender notae, or a little more than 80 per cent, of the amount, but they also had ou de- Rsit in the ZbdeMl Traasuiy aa facaffiy «» «h*« notes, bonds ot the United States worth in gold ^ut $3001-10,000 available End current to all the foreign money markets. In resuming the baaMi even iri* were possible for all tbeb Rota? to b«P»-«otedtor p*v- mcnC would have ftve hundred tmUiona of specie tonis M any prtvato debtor fo^tfynenk Suspended bank. toward There baa been There have been atep* backward. There economy in the operations of government. The home ly maxima of every day life are the beat standards of its conduct. A debtor wbo should promise to pay a loan out of* surplus income, yet be seen every day spending all be could ley bis hands on in riotous living, would loose ail character-for honestly end varacity. This offer of a new promise ou bis profession a* to the value of an old promise would alike provoke derision. The resumption plank of tbs St. Louis platform de nounces the Ihilure tor eleven yean to make {good the promise of l^al tender notes, it denonnecs the om'uioo to accumulate any reserve for their redemption. It de nounces tba coral not which, during eleven year, of peaoe, baa made no advances towards reiumptiou—no prepa rations for resumption; but instead ' has obstructed resumption, by wasting our resources mid exhausting all our surpio# income ; and, while professing to ratena * speedy return to sped* payments, baa mutually enacted fresh hindrances thereto; and, having first de nounced the barrenness of the promise of a day? of re sumption, it next denoonoes that barren promise, me biudranoe to resumption. It next demands its repeal and also demands the es tablishment of ajudicious system of preparation for re sumption. ft cannot be t&bted thittfiT substitution IsDiAtt.croua, July 24, 1878. Gksii.™*k—I have the honor) to acknowledge the receipt of your communication, in which you have formally notified me of my nomination, by the National Democratic Convention at St. Louis,las their candilate for tlie office of Vice-President ol the United Stutes, It is a nomination which I lied neither expected nor de sired, and yet I recognize and appreciate the high hon or done me’by the Convention. Tlie choice of aneh a body, pronounced with such unusual unanimity, and accompanied with so generous an expre*sion of esteem and confidence, ought to out weigh tall purely personal desires end preferences of my own. It is with this feeling, and I trust also from a deep sense of public duty that I now acocpt the nom ination, and shall abide the judgment of my country men. It would have been imposible for me to accept the nomination, if I could hot heartily endoreo the plat form of the Convention. 1 am gratified, therefore, to be able unequivocally to declare that I agree in the principles, approve the policies, and sympathise with the purposes enunciated in tlie platform. The in stitutions of our country have been sorely tried hy the exigencies of civil war, and, since the peace, by selfish and corrupt management ot public amirs, winch baa shamed ns before civilixed mankind by unwise and partial legislation. Every industry and interest of the people have been made to suffer, end in executive de partments of the Government dishonesty, rapacity and venality have debauched the public service; men known to be unworthy have been promoted, whilat oth ers have been degraded tor fidelity to official doty and publn. office has been made the means of private profit, and the country has been offended to sec a class of men who boast the friendship of the sworn protectors of the State amassing fortunes by defrauding th* public Treas ury, and by corrupting the servants of the people. In each n crista of the history of the country, I rejoice that the Convention at St. Louis has so nobly raised the standard of reform. Nothing can be well with us or with oar affairs until the public conscience, shocked by the enormous evil* end abases which prevail, shall have demanded and compelled an unsparing reforma tion of onr national administration In its head and in ita members. In such a retowtation.the removal of a sin gle ameer, even the President, is comparatively a trifling nutter. If the syetam which hq represents and which has fostered him as hehaafoetered it, i* suffered to remtiu, tbo President Mono mnst not be made the scapegoat, for the enormities of the system which in fests the public service and threatens the destruction of Mr. President and fellow Democrats. I thank you most heartily for the kindness and the unanimity of support which has been shown me and wliich so far exceeds any confidence that I may have in my own worth and merits and places me under such a weight of obligation that I shall not even attempt to express my appreciation of it. Surely no man ever had greater reason for thanks and gratitude and it is due to my self and to you to say that while 1 live, I shall remember with the profoundest feelings of gratitude the display of favor which you have made to me. to-day. And if I shall be called by the voice of the people to offi cial station the recollection of it will be an incentive to do ray utmost to subserve the interests of the State and advance the happi ness and prosperity of the people. [Ap plause ] I feel the compliment all the more iu the light of warmly championed caudidacy of other distinguished fellow-citizens. _ Their merits, abilities and patriotism, their capa bilities for tlie exalted office, foi which they were pressed by their friends. I warmly unite in endorsing, and I accept the prefer ence which you to-day have made in no vain conceit that it is in any sense a tribute to superior excellence. [ Applause-] I accept, gentlemen, the standard which you to-day have placed in my hands and I trust that it will be so borne during the canvass aa to lead to victory, and, if victory is achieved, that through its results neither you nor to a too patial constituency shall have any reason to be ashamed of yonr standard bearer! [Cheers.] But I know you too well pot to be fully aware of the fact that you will ex pect of me^iif elected, the exhibition of my appreciation in the acts of an administration rather than in nn« words that I might speak here to-day. [Applause J A new name for tight boots—A corn-crib. The hardest kind of chasm to get over— Sarcasm. The man who works with a will—the Probate Judge. When a singer sings to a losing audience, may it not be called “ sound without cents ?” Why is a speudtlu ift’s purse like a thun der-cloud? Because it is continually a- light’ning. A Massachusetts newsaper says: “Ten mills make a cent—but not any ten mills in this region.’’ When is a schoolboy like a postage- stamp? When he gets licked and put in a cornev to make him stick to his letters. “ What it is the interior of Africa princ> pally used for?” asked a teacher of a pupil. For tlie purposes of exploration,” was tho reply. A breed of dogs without tails has been discovered in Africa; and how the mis chievous boys there utilize old tin kettles and fruit cans, we cannot pretend to say. Tho Sandwich Islands are going to adopt anew flag; but they can’t decidj whether to take a grey horse-blanket with a hole in it, or an old vest with the back ripped out. Two Irishmen, traveling, were robbed and tied in a wood. One, in despair, cried; ‘Oeli, I am undone!’’ Said the other, “Faith, then I wished you would come and undo me,’’ A purchaser of a riverside property asked the real-estate agent if the river didn’t sometimes overflow its banks. “Well,’’ responded he, “it isn’t one of those sickly .streams that are always con fined to beds.” Across the walnuts and the wine: En gaging child: “O Mr. Jenkins! do let me see you drink?” Mr. Jenkins: “See me drink! What for, my dear?” Engaging child: “ Oh! mamma says you drink like a fish.” which there am involved interests _o? stu pendous magnitude: Upon our side we are contending for peace, fraternity, econo my, honesty in office and freedom from the - ■ '•* * A printer, having occasion the other day to set the well-known line, Slave, I have set tny life upon a cast! astounded the proof-reader with the follow ing version: " . Slave, 1 have set ray wife upon n cask i ^ Many young children and half-grown A campaign in AJSL=S?2» spine, which is producudr the doctors af firm’; by requiring them to practice several hours a day on the piauo without any sup port for the back or feet.