GEORGE BANCROFT TO TILDEN

"1623 H Street,
"Washington, D. C., February 15th, 1886.

"My dear Mr. Tilden,—I thank you very much for your note of the 12th. We old men must keep up the good tradition which we received from the fathers, and which you defended in the constitutional convention of New York.

"I am also alive, as you undoubtedly are, to the dangers that overhang the country by a legislative measure, designed to throw gold out of circulation, and to depreciate the currency fully twenty per cent. By this measure, among infinite evils, all contracts now in force between the employer and the laborer will be depreciated twenty per cent., to the injury of the poor; and every one of our newspapers will be compelled to stop its publication or to raise its price.

"Wishing you perfect health and long life,

"I am, very sincerely yours,
"Geo. Bancroft.

"Pray recall me to the kind recollection of your nieces, whom I had great pleasure in meeting a few weeks ago."