"Washington, D. C., March 3.

"Gentlemen,—The last act of the executive committee was the announcement to the people of the United States that Samuel J. Tilden was elected President, and Thomas A. Hendricks Vice-President.

"This announcement was followed by a scurrilous pronunciamento from the national Republican committee, claiming the election of Hayes and Wheeler. The power to determine the result resided in Congress; but grave differences of opinion, threatening the peace of the country, existed as to the lawful methods of procedure, and the constitutional rights, and the duties of the two Houses in the premises. Committees were therefore raised in both Houses to consider the question, and to confer with each other as to legislation proper to be adopted in order to secure a declaration of the result without confusion and public disorder. The Senate committee had practically perfected a bill for this purpose before the House committee met with them in conference. This bill had received the assent and approval of the three Democratic Senators serving on the committee.

"To have rejected this settlement would, necessarily, have produced division in the Democratic party, and been fatal to its immediate and future success. On the other hand, the bill itself seemed to be so wisely framed in its main features, that the judgment of the Democratic members of the House committee gradually confirmed the action of the Senate committee, and, with some changes which were deemed favorable to the Democratic position, the Electoral bill was approved by all the Democratic members of both committees, and was duly reported and became a law by the vote of a large majority of the Democratic members of both Houses, and was approved by the general judgment of the country.

"The result has disappointed the hopes of every lover of his country. By decisions abhorrent to the natural senses of justice, all proof of fraud was ruled out, and the States of Louisiana and Florida have been counted for Hayes, although all fair-minded men concede that they voted for Tilden. This grievous wrong and its authors I have denounced on the floor of the House, and I have no hesitancy in declaring that, for the first time in our history, the Presidency has been awarded to a candidate who has no just title to its honors.

"But he comes into office as the result of the operation of a law which received the support of the Democratic party, and any attempt to resist its operation would, it seems to me, only deprive us of the support and sympathy of all conservative and fair-minded citizens.

"Inasmuch as difference of opinion exist in regard to the policy which has been pursued by the Democratic party since the election, and prior to the meeting of Congress, I have only to say that so far as my action is concerned, whatever has been done has received the approval of the executive committee and of the only persons outside of their number who had any right to be consulted.

"An absurd statement has been widely circulated that had declared that 'I preferred the inauguration of Hayes to the shedding of a single drop of blood.' A leading Democratic journalist, who could at any time from his position as a member of the House of Representatives, have ascertained the truth, has circulated this false statement in a letter over his own initials, although it ought to have been known to him that I had contradicted it in a card, widely copied, immediately after its publication. The only remark which I ever made on this subject was in private conversation, not intended to be repeated, and was to the effect that 'I would prefer four years of Hayes' administration to four years of civil war'; and upon this declaration I am willing to stand, because four years of civil war would, in my opinion, utterly destroy constitutional government for this generation at least.

"It has also been insinuated that my course has been affected by the ownership of a large amount of United States bonds. It is enough for me to express the regret that I am not so fortunate as to own any of these desirable securities, and to state that all my means are, as they always have been, used in giving employment to the working-men of this land, suffering so severely from the maladministration of its public affairs.

"I have also been censured for assenting to the completion of the count in accordance with the provisions of the law which I helped to frame, and which received my cordial approval and my vote. As an honorable man, I do not see that any other course was open to me, but if honor had permitted otherwise, my judgment is that it was the wisest course for the country, as well as for the Democratic party, to proceed in accordance with the law to the orderly completion of the count, although we knew that it would result in the installation of Hayes into an office to which he had no honest right, except such as might be deprived from the unjust decisions of a tribunal which we had helped to create. My reasons for this conclusion are as follows: If the count had been defeated, and the bill to provide for a vacancy in the office of President had become a law, a new election would have taken place in November next: meanwhile the office of President would have been filled by a Republican chosen by the Senate. The whole power of the administration would therefore be under the control of the Republican managers. In order to succeed they must hold on to South Carolina and Louisiana, which would necessarily involve sustaining by force the usurping governments of Chamberlain and Packard, with all their unlawful excrescences in the way of unscrupulous returning boards. The patience of the people of these two unhappy States is utterly exhausted. They would break out in open rebellion against a government thus forced on them, and continued in power by the armed forces of the United States. Civil war would result. The Federal government would re-enforce itself with all the troops at its command; the other Southern States would naturally rush to the aid of their suffering sister States; the safety of the colored as well as the white population would be endangered; and a call would be made for volunteers and militia from the Northern States to suppress the rebellion, and thus the flames of civil war would be lighted all over the Union, in the midst of which a free election would be impossible, and a military despotism take the place of civil government. This generation would pass away before the country would recover from the disastrous consequences of such a fratricidal strife.