DAVID A. WELLS TO TILDEN

"Norwich, Conn., Nov. 9th, (1875).

"My dear Mr. Tilden,—I return herewith answers to all your list of questions, so far as I am able. It is not easy to give definite answers to all, especially in relation to aggregate national wealth, income, and savings.

"I do not believe it judicious for you, in your message, to enter in any degree into the field of economic controversy. The masses won't comprehend, and the doctrinaires will fight you. Stick to the great principles, and do not commit yourself against contraction. I have thought a good deal over our conversation of last week, and I am more and more convinced there is no other practical way out of our financial difficulties. 'All roads lead to Rome,' and all roads to resumption involve contraction at some stage if they lead where they pretend to.

"Very Truly Yours,
"David A. Wells."