The day of complete deliverance was now, however, rapidly approaching. The election of 1875 in Mississippi showed that the domination of the
The day of
complete
deliverance.
The status in
Mississippi
in 1875.
"Black Republicans" in the Southern "State" governments could last no longer. Here was a "State" in which the negro population exceeded the white very largely, but in the election of 1875 the whites finally got together and what they could not accomplish in one way they did in another. The whites organized themselves into rifle clubs, attended the Republican meetings and insisted upon a division of the time between their own speakers and the Republican speakers at these meetings. A great deal of fraud and intimidation was practised, and some violence was exercised, but always in such a manner as not to provoke the calling of United States troops to the scene. The immediate occasion of these desperate movements on the part of the whites was the treatment accorded the petition made by the taxpayers' convention of the "State" to the legislature for relief from the intolerable burdens under which the taxpayers were suffering. This petition of the 4th of January, 1875, recited that between the years 1869 and 1874 the rate of "State" taxation had been raised from ten cents on the hundred dollars of assessed value of lands to one dollar and forty cents, and that in many cases the increase in the rate of the county levies had been even greater, so that the whole product of the soil was hardly sufficient to pay the taxes. The negro legislature laughed at these representations, and did not deign to consider them, much less to do anything to satisfy the frightful grievances complained of. It was now a choice between complete destruction and the employment of any means necessary to escape from it. There was no use in talking about observing the letter of the law at such a moment. The law was iniquitous and it was rapidly destroying all that was left of prosperity, civilization, morality and decency. If it would not yield, it had to be broken. The movement was successful. It was really a revolution. It resulted in the election of a Democratic legislature in November of 1875, the disruption of the Republican party in the "State," the framing of an impeachment against the Republican Governor, Ames, his resignation and departure from the "State," and the accession of the Democrat, John M. Stone, to the gubernatorial office.
It was thus that the eventful year 1876 was introduced, and it was an earnest of the relief which was now to come to the remaining "States" of the South suffering under the rule of the adventurers and their negro allies.
While the Republican party had step by step, and almost unconsciously, involved itself in the support of dishonest and oppressive government
Fiat money and
the resumption of
of specie payments.
at the South, it was, on the other hand, fighting the battle for financial honesty in the Nation at large against the fiat money heresy and the schemes of repudiation invented and supported by the national Democracy. Its Congressional majority had passed the Refunding Acts of July 14th, 1870, and January 20th, 1871, for refunding the debt of the United States in coin bonds bearing five, four and one-half and four per centum interest. These acts authorized the issue of eighteen hundred millions of dollars in these new bonds, five hundred millions payable after ten years, and bearing five per centum interest, three hundred millions payable after fifteen years and bearing four and one-half per centum interest, and one thousand millions payable after thirty years and bearing four per centum interest. By the Act of March 18th, 1869, the Republican Congress had declared that all of the obligations of the United States should be paid in coin or its equivalent, unless otherwise specifically stipulated in the law authorizing the obligation. This Act was made applicable to past, as well as future, obligations. It rested on the principle that debts must be paid in the best money of the country unless otherwise agreed to in the contract. This is, of course, the sound principle both of morals and finance, and no act of Congress pronouncing it would have been considered necessary, except for the great fact that the Democratic party, in its campaign of 1868, had espoused the opposite doctrine and had fought the campaign largely under that issue. The Act, however, might of course be repealed, and in that case the question as to whether the principal sum of the greater part of the national indebtedness should be paid in coin would be again opened, since the laws authorizing the incurring of these obligations provided only for the payment of the interest upon them in coin. It was in order to forestall the possibility of a repeal of the Act of March 18th, 1869, as well as in order to make a large saving in the interest charge, that these Refunding Acts were passed.
After the panic of 1873 had resulted in such a depression of business and depreciation of values throughout the country as to create greater discontent with the existing political management, and this discontent had manifested itself so distinctly in the elections of 1874, announcing to the Republican party that after March 5th, 1875, a Democratic majority would prevail in the House of Representatives, it was manifest to the Republican leaders, in Congress and out of Congress, that if anything was to be done in regard to the resumption of specie payment, anything for bringing the paper currency of the United States up to a coin value, it must be done speedily, and on the 21st of December, 1874, Mr. Sherman reported a bill from the Finance Committee to the Senate for this purpose, which became a law on the 14th day of January following, and which provided for the redemption of the fractional currency with silver coins of the value of ten, twenty-five and fifty cents, so rapidly as these coins could be minted; abolished the charge of one-fifth of one per centum on the coinage of gold, making the coinage of gold at the mints of the United States free; repealed the law limiting the aggregate amount of the circulating notes of the national banking associations, and the law for the withdrawal of national-bank currency from, and its redistribution among, the several "States" and Territories; ordered the Secretary of the Treasury in issuing new circulating notes to the national banking associations to retire United States legal tender notes to the amount of eighty per centum of such issues, until the United States legal tender notes should be reduced to three hundred millions of dollars, and after January 1st, 1879, to redeem these legal tender notes in coin on their presentation at the office of the Assistant Treasurer of the United States in the city of New York, in sums of not less than fifty dollars; and, to enable the Secretary of the Treasury to do this, authorized him to use any unappropriated surplus revenue which might be, from time to time, in the Treasury, and to sell bonds of the description mentioned in the Act of July 14th, 1870, in such amounts as he should find necessary to accomplish the purpose.
It is true that the Republican majority in Congress had not taken this high ground concerning the public credit and sound money without some wavering. The President himself had become frightened by the panic of the autumn of 1873, and in his annual message of December 1st following had made recommendations that might be regarded as favorable to an inflation of the existing body of paper money. His party friends in
The inflation bill
of 1874 and the
veto of it by the
President.
Congress very soon produced a bill which, among other things, provided for the increase of the United States notes and the national bank notes to the extent of about one hundred millions of dollars, and passed it. But the President had either thought the question out more fully, or had been in receipt of some very sound advice, after he wrote the message of December 1st, 1873. On the 22d of April, 1874, he sent a special message to Congress vetoing the bill. This stand of the President recalled the Republicans in Congress from their economic aberrations, and set them again upon the course which led to the Act of the 14th of January, 1875.
While at the moment this law for the resumption of specie payments in the short period of four years, or rather less, from the time of its enactment seemed a rather hazardous, not to say desperate, move on the part of the Republicans, it soon became manifest that they could have done nothing so calculated to strengthen the hold of the party upon the solid and conservative men of the country as just this very thing. Many of these men who had usually voted with the Republicans disapproved of the Southern policy of the party, and were on the point of turning against it. With the Resumption Act the financial policy of the Republican party, and of the country, was dragged to the front, and the Southern policy was forced backward, and made to constitute a less prominent issue in the campaign of 1876. This was not only wise party management, but it was also a fortunate thing for the entire country. The country was not yet in a position to endure a Democratic administration, and, on the other hand, it was surfeited with reconstruction Republican administrations. It wanted a sound money Republican administration, which would devote itself to the development of the economic interests of the whole people, and would let the "State" governments in the South have a chance to work out their own salvation. And this was just what it got in the election of 1876, and in the administration of President Rutherford B. Hayes.
ГЛАВА XIII
THE PRESIDENTIAL ELECTION OF 1876 AND ITS CONSEQUENCES
The Republican National Convention of 1876—The Platform—The Nominees—The National Democratic Convention of 1876—The Platform—The Nominees—The Campaign and the Election—The Count and the Twenty-second Joint Rule—Views in Regard to the Power to Count the Electoral Vote—The Republicans in Advantage in the Count of the Vote—The Electoral Commission Bill—The Passage of the Bill—The Members of the Commission—The Fifth Justice—Justice David Davis—The Counting of the Electoral Vote by Congress—The Double Returns from South Carolina, Florida, Louisiana and Oregon—The Counsel before the Commission—The Republican Position—The Democratic Position—The Decisions of the Commission—Mr. Hayes Declared President—The Truth in Regard to the Election—Mr. Hayes's Southern Policy—The Result of His Policy—Reconciliation between the North and the South.
When the managers of the Republican party met in National nominating convention at Cincinnati, on the 14th of June, 1876, they rightly
The Republican
National
Convention
of 1876.
The platform.
divined the policy which alone could lead them to victory in the elections of the following autumn. They constructed their platform in such a way as to place the financial issue in the foreground, with the pledges of the party to uphold the public credit, and to place the currency of the country on a coin basis. They also declared the pacification of the South to be a sacred duty, and pledged the
party to a thoroughgoing reform of the civil service. Connected therewith were, of course, the usual platitudes about the civil and political liberty and equality of every American citizen and of everybody else.
While there was no name before the convention commanding universal popular assent, as had been the case at the second nomination of
The nominees.
Lincoln and the two nominations of Grant, still there was one which, in so far as its possessor was known, inspired strong, if not enthusiastic, confidence. It was not pronounced in the first balloting so loudly as that of the brilliant Blaine, or the stolid Morton, or the arrogant Conkling, but, as the voting continued, more and more of the ballots contained it, and at last on the seventh round, it received a majority of the votes. The choice was a wise one. Mr. Hayes had been a good soldier, a valuable member of the National legislature, and an excellent Governor of his native "State," in which office he was serving for a third term at the time of his nomination for the Presidency. He was a man of sound sense, unimpeachable character, generous feeling, pleasing manners, and resolute will. There was a tendency at first on the part of the friends of some of the disappointed aspirants to belittle his qualities, and to represent him as a weak man, and his conciliatory methods were often mistaken for weakness by those who were not his rivals or his enemies, or the friends of his rivals or his enemies; but as history sets his character and his work in their proper perspective they both stand out more and more strongly, and make his Administration appear to be one of the most important in American annals. Especially does it honor him for his earnest, faithful and successful battle for sound money and the maintenance of the public faith, and for his determination to put an end to the support by Federal bayonets of the "carpet-bag," negro "State" governments of the South.
A fortnight after the nomination by the Republican convention of Rutherford B. Hayes for President and William A. Wheeler for
The National
Democratic
Convention
of 1876.
The platform.
Vice-President, the Democratic leaders met at St. Louis for the purpose of issuing the campaign creed of their party and choosing its candidate for the chief magistracy of the Nation. The platform put forward by them was remarkable for its length, its language of fierce vituperation, and its loud calls for reform. Its specific propositions were the reduction of the duties on foreign imports to a revenue basis, and the repeal of the Resumption Act of 1875, on the strange ground that it obstructed the return to specie payments.
Their candidate had virtually been determined on before they met. It could be nobody else than the popular Governor of New York, Samuel J.
The nominees.
Tilden, shrewd in business, rich, the most successful political manager New York had produced since Van Buren, greatly heralded as the very archpriest of reform, the hope of the young men in politics; but not a statesman in the highest sense of the word, nor a demagogue in the lowest sense of that word—a genuine American politician of the first order. He was nominated on the second ballot, and by a unanimous vote. With him was placed as candidate for the second place the popular Mr. Hendricks of Indiana. It was a strong ticket, and it was generally believed that it would win. Mr. Tilden himself felt sure of the electoral votes of all the Southern "States" and of New York, Indiana, New Jersey and Connecticut.
Mr. Tilden quietly managed his own campaign, while Mr. Hayes left his political interests in the hands of the very astute chairman of
The campaign
and the election.
the National committee of the Republican party, Senator Chandler of Michigan. There was not much doubt on the morning following the election, the morning of the 8th November, that the Democrats had triumphed. Almost all of the Republican newspapers conceded it. But the Republican managers knew that they could do what they pleased with the electoral votes of South Carolina, Florida and Louisiana, through their canvassing boards in these "States," with the power in these boards to throw out the returns from any place where, in their opinion, there had been any violence, intimidation, fraud or bribery exercised or attempted; and when the managers found that they were pretty sure of the electoral votes of all of the Northern Commonwealths, except Connecticut, New York, New Jersey and Indiana, they simply added to the one hundred and sixty-six electoral votes of which they were practically sure the nineteen votes of Louisiana, Florida and South Carolina, of which they were absolutely sure, if needed, and sent out from their head-quarters the positive announcement that Hayes and Wheeler had been elected by a majority of one electoral vote.
But the final count of the electoral vote must be in the presence of the two Houses of Congress assembled in one place, and the Democrats
The count and the
twenty-second
joint rule.
were in majority in one of the Houses, and the twenty-second joint rule, as it was called, which had been applied since the count of the electoral vote of 1864 for the ascertainment of the result of the returns to Congress, ordained that the electoral vote of any "State" might be thrown out by either House. If this rule should be considered as still in force, and be applied in the impending count, the Democratic House of Representatives could reject the returns of the
Republican authorities in South Carolina, Florida and Louisiana, and thus secure the election of Mr. Tilden. This rule, however, was not necessarily binding upon this Congress, as it had not been re-enacted by the Houses composing it. That is, either House could lawfully refuse to acquiesce in its further application. The Republicans now repudiated it, although it was their predecessors who had created it.
Some of the Republicans now claimed that the Constitution vested the Vice-President, or rather the President of the Senate, with the power
Views in regard to
the power to count
the electoral vote.
to count the electoral votes. The language of the Constitution was, and still is, "the President of the Senate shall, in the presence of the Senate and House of Representatives, open all the certificates and the votes shall then be counted." No President of the Senate had, however, ever ventured to determine whether a disputed return, in case any such had been received by him, was to be counted, and Mr. Ferry, the President of the Senate, gave his Republican friends to understand that he did not feel like assuming any such responsibility.
Nevertheless, the Republicans were in decided advantage. They had the President of the United States to execute by force whatever they might
The Republicans in