Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-09-04
HENDRICKS.
Great Speech by the Great Statesman
Of Indiana-COntractiOn and Ex-
pansiOn The Radical
Policies.
The Ruin that Radical Financial Poll
cies have WrOuGht-An Array OF
Facts that are IneOntrO-
veFtibIe.

CINCINNATI, September Sat Zaues-
Vile to-day very large assemblage OF
| the masses listened to the eloquent ad-
dress Of Hon. Thomas A. Hendricks,
He opened by stating that the import
ance to the people Of Ohio that Govern
| or Allen should be reelected was his
apology for appearing before them to-
| day. He dwelt at some length upon his
| htness to manage the affairs of the
State, and that it was due to him, ac-
cording to all precedent, that he should
| be reelected; that when evils Of admin
istratiOns become intolerable the people
have their remedy in q change Of public
servants. The policy OF the Republican
party is in their own estimation the
summit of human wisdom. The fnan-
cial policy Of the Republican party was
next considered in detail, at the conclu-
sion OF which the speaker said: "HOW-
ever earnest we may be for return to
specie payments, We cannot wish to
reach 1t through universal bankruptcy
| and frightful increase of our foreign
public debt. Because Of my strong be-
lief that this measure is traught with
| calamity to the commercial interests, to
| the industrial pursuits and to the labor
OF the country, have responded to
the committees invitation without
reference to many other questions
that may be discussed among you.
Have you considered the reasons which
Senator Sherman says controlled his
party in passing this law? He himself
wanted another measure, whether better
or worse than this need not consider.
He wished to fund the treasury notes un-
til the residue should be at par with
gold. By how great contraction neither
he nor can say. Probably the country
would become strewn with broken for
tunes, and the highways filed with
Wretched men seeking employment.
His party friends would not agree to it.
DE says they had gone into the canvass
OF last year with divided counsels, and
the result was defeat. When they met
last winter they were taught by the de.
feat,that the party in power must agree
upon some measure and the result was
fhe passage OF this law. 1t is strange
statement-confession may say-that
law affecting every interest Of the
people was the child Of party necessity.
Will you adopt it, and rear it, that it
may destroy you? Your deci-
sion will be in your vote" He
then referred to specie payments,
quoting from his speeches in Indiana
last year on the subject, and saying that
as soon as the business of the country
and the condition of our European trade
will justify the opinion that gold is ac-
cumulating, and is likely to remain,
congress may safely fix the time and
provide for the redemption of treasury
notes. He charged that the Republican
party is responsible for the two great
impediments in the way of redemption
the first, by making our debt foreign
instead Of domestic one; the second,
by nOurishing the noxious plants OF cor
TuptiOn, violence and fraud in Louisiana
and other southern States, rather than
the cottOn-plant and sugar-cane. He
referred to and gave the astounding fig
ures of the extrsvagant expenditures fy
government under the present admins
tratiOn. The last report Of the secretary
of the treasury shows for the year ending
June 80, 1874, the "net ordinary ex-
pOnditures, exclusive of the public
debt, " amounted to S2S5, 73S, 500 q. The
interest paid that year on the public
debt was $l07, 1881 21; the amount
paid on pensions, $l9, 1875, ,416 66, making
together Sl56, ,15S, ,2I9 81. Deduct the
interest and pensions from the net ex-
penditures, aud there remains $149, $780,
571 "a. That sum represents the ordi-
nary payments for one year, after de-
ducting everything that resulted from
the war. l have seen it stated that the
expenditures for the same purpose dur
ing the last year amounted to
about $145, 600, ,00O., but l am
Lot able TO speak accurately,
as the secretary has made 10 report Of
that year. Before the war the ordinary
expenditures were from fifty to sixty
millions, sometimes going above that,
because OF extraordinary demands. Do
you not think two dollars TOR one, or
about one hundred millions. ought to
be sufficient? Yet they now require
nearly three to one. FaVoritism always
costs the people heavily, but it seems
strange how pretexts can be found for
one hundred and fifty million" He re-
ferred 10 theimmorality which pervades
the public service, as closely allied to its
extraysgance. The mismanagement of
the affairs Of the District Of Columbia
was Dsxt referrt d to, when the speaker
closed by urging tFe necessity Cf a
change Of the national administration.
a corresI IOHdent az R1ssville, writes
us under date of Yesterday, that the day be-
fore the knicg booker bas .-DaIl club from
your city having previously challenged the
Coll1erVlile CLUB, terms agreed on, anu COM