Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1875-01-12

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teral interests have suffered less than those oil
majority of our sister States So far as the Increase
of deposits in our Savings Banks is an index u
would seem as if the savings OF labor ana Tue
profits of industr, have not been 50 i"jAri'"sY
affected as might have been expected. Ih' mar
vest oil 1874 has been for the most part aha"d"n'
| in this state and even above the average i"r Tue
past five years although hardly up to that OF I'D
our agricultural interests whose oversi""o" ns
importance demands just and favorable consit-
Grafton in the distribution oil the burdens ana FNe
| at, Of government have mainly been "hcc'"' d!
the depreciation in the prices of farm prod"''s'
| for which, however, there hiss beed coupe" -"'pn
In the general reduction of prices Of merchandise
| While ship building in Maine has lars,ly h'Fe"s
| cl IN tonnage the past year, yet our iumhc'hS'
| commercial. manufacturing aud other cOmwcFciai
interests have been more OF les depressed ~
all parts OF the country, and iudecd ia hi'" oil
the civ illcd world. II is believed, however mat
the worst i, past aud that carly IN the Year. h"-'
ncSs will begin To revive GA healthier basil
The country j, simply pay Ing the penalty Tor M
dulgins in a decade of uul drllclcl c\iravaSah'e
and speculation grow ing out otthc gigantic cNpcn
| dlturc. imposed, and the fcvcrisl business HABITS
! engcndercd by the war TO preserve tbc national
| eNi,tanec. aud aggravated hy an excessive ana
| deprecated currency to which the necessities OF
the crisis obliged Us to resort. The financial pduc'
! dncen months since, exposed the dclu,ye char3c
/ ter OF prosperity measured by hi-e none!
standard aud resting largely on credit, and con
vncing = whole people that they were living too
fast
| The pas. year. therefore, ha, been period OF
contraction ia expenditure, aud payment OF debt,
| resulting naturally IN decreased demand Tor
merchandise OF all kinds and a consequent depre-'
| sion or business The operation has boen a pain
u but inevitable one, aud IL can but result "a al
! innate good. To be sure, the primary causes OF
the financial dini :ultics which are eAcouutctins
are deeper than suy question 81 legislation. They
| cannot be rcmedicI simply by acts OF Congress,
but rather by the slow and painful operation OF
| business and social laws. And yet, 50 far a. u
deprecated currency has aggravated, and in the
absence Of any steps looking To change Of policy
mustcoutinue to aglrayatc these causes, the obN
Gus remedy lics Ia IN ultimate restoration Vt the
currency 10 the basi. recognized by the civilized
world.
CONCLUSION.
Gentlemen OF the Legislature 90 YOU, Who have
been selected by your several constituencies. aud
who Immediately represent the people OF Name,
- committed the care OF the varied Interests OF
this state, FAR - they may be affected 10y legis
| lation. I doubt not that these Interests will re-
cciyc at your hand, that conslcrnle attention
which their importance demands. Aud in what
| cvor measure. you NAV devise that may rc'n cal
cnlaicl 10 promote the welfare of our beloved
state 1, Will anoid me pleasure 20 earnestly 90
/ operate. NELSON DlNGLEl, JR
! January :, ls;5.