GEORGE TICKNOR CURTIS TO GOVERNOR TILDEN
"New York, July 10, '76.
"My dear Sir,—Gov. Hayes leaves to you a clear field. Since reading his letter I am the more confirmed in the views which I hurriedly expressed on Saturday. You now have a great opportunity to do two things: first, to make the country see that the resumption of specie payments means measures, and not barren promises; that the attitude of the Republicans in regard to specie payments is like the attitude of the government in regard to its notes—the holder asks for payment, and he gets another paper promise; the country asks to have specie payments restored, and it gets the law wh. says it shall be done in 1879, but takes no step towards a fulfilment of the pledge. Secondly, you now have a grand opportunity to show the inflationists of our own party that they indulge a false alarm about contraction; that the very gist of the problem is to avoid contraction that will hurt anybody by putting the finances of the govt. into a condition to supply a circulating medium that will appreciate in value from the moment of the enactment of the very first measure, and will go on appreciating until it becomes at par with gold in the market and in the purchasing and paying power.
"Let the people see that you are not, as your rival certainly is, a mere puppet in the hands of others. Speak, speak as if ex-cathedra; for your position is now one that will cause anything you say, that appears to come from conscious power to handle the subject, to sink deep in the public mind. Your opponent not only shows no such conscious power, but he shows that he possesses no more of it than a child; in which respect, indeed, he is a good average representative of his party. Now is your time to strike a blow that will be felt.
"Yours very truly,
Geo. Ticknor Curtis."
"Gov. Tilden.