"'The country must now have a President whose name is already a watchword of reform, whose capacity and courage for the work are matters of record rather than promise.'
"There was much more of the same sort in the address which Mr. Schurz signed and the Fifth Avenue Hotel conference issued. Within a few weeks the Republican party nominated the man whose capacity and courage for the work of reform were matters of promise only, and the Democracy put up the statesman already publicly known to possess those qualities of mind and character which the stern task of genuine reform required.
"What was the sequel? A few weeks later the Hon. Carl Schurz, the author of all the high-sounding professions in the address to the country, was hard at work persuading citizens of the Mugwump type to cast their votes for Hayes and against Tilden; and a few months later, after Mr. Hayes had failed to secure a majority of the electoral vote, but had been counted into the office to which Mr. Tilden was elected, the Hon. Carl Schurz, reformer and leader of the Fifth Avenue Hotel conference, got his pay for partisan activity; it came in the shape of a Cabinet appointment, which he promptly accepted.
"Such is the true story of the May conference of 1876."
JOHN T. MORGAN TO MONTGOMERY BLAIR
"Confidential.
"Selma, Ala., June 3d, 1876.
"Hon. Montgomery Blair.
"Dear Sir,—I have had two valued favors from you—the last of 25th May. I was chosen as a State elector, and also as a State delegate to St. Louis by our recent convention. It was very large, fully representative, unusually able, and harmonious. The delegation to St. Louis is very able, comprising many of our best men. No instructions were given. I did not even hear much discussion of candidates. The great leading thought is success, and to gain this every man will sacrifice all his preferences for any particular candidate. I think I may state safely (but I do it in personal confidence) that not more than two of our twenty delegates favor now the nomination of any other person but Mr. Tilden. One of these stated to the convention that he was under no pledges to any man. This state of opinion is the result of close scrutiny of the drift of sentiment in the Northern States, and especially in New York. The recent movement of Church and Kelly and others has deceived no one here.
"I am satisfied that Alabama will be very reluctant to take such a lead as would have the appearance of dictating the candidate to the Northern States. The North ought to settle its differences about the minor and purely political question of currency laws and allow us to unite with them in demanding a pure government which will give them a chance for life. If they force us to choose, however, we will certainly be directed solely by the consideration of 'success.' We can't afford to risk anything to gratify a predilection. If you could, Bayard would get the State. I was at Montgomery at the time you refer to as a member of the convention of 1861. I do not remember that Mr. Bayard was there. I feel satisfied he was not there.