Warsaw = Tilden
they = the
read = electoral
all = votes
unchanged = were
last = commission
are = members
idiots = republicans
can't = didn't
situation = steal
Plaintext: Tilden the electoral votes were commission members republicans didn't steal
So the encrypted message suggests that Tilden actually won the electoral votes, but the Republican commission members stole the election anyway. This lends some credibility to Tilden's accusations of bribery regarding the disputed states. Of course, without more context it's impossible to say for certain if this message is authentic. But it demonstrates how codebooks and transpositions could have been used to discuss the election secretly.