The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-03-01

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The expectation OF Illuminating oils amounted
TO Sl76, 600. Isl.
During the FIVE years l have mentioned
hreadstuf and provisions amounted to about
thirty-one per cent, and cotton and tobacco to
a fraction above forty four per cent. of all the
exports. dedueting gold and silver.
Many OF the agricultural products of the North
are also grown in foreign countries, and the de
mand for our surplus must greatly depend upon
the extent OF the production abroad. When the
European crops are abundant we cannot expect to
make as large sales n when their crops short.
OF breadstuffs and provisions we sold over two and
one-third times more in 1874 than 1870. But in
1875 the sales fell of more than fOrtysix millions
Of dollars. a source of income that is so
fuctuating can not be relied upon 10
maintain balance in our favor, or to increase
our permanent supply of gold The tables from
which have read show that within the last six
years the annual exports of breadstufs and provi-
siOns have iuctuated to the extent Of one hundred
greatest difference in the yearly exports of cotton
and tobacco has been but thirty-fOur millions OF
dollars. The exports of Illuminating oils have
being but eleven millions of dollars.
What our financial condition specially requires
equally important reliable demand. Cotton
and tobacco meet these two requirements
They are not produced in Europe. and
suppose il is very satisfactorily established that
American cotton, in greatly increased quantities.
can hold its position in the markets of the world
Notwithstanding the large additions to the Euro
Pean supply, which are now drawn from Egypt
Asia and South America.
And now 1 come to to questions of the highest
im IN 70 every tax paving community
much to the wealth OF the country by an increased
production of articles of exports? That is the
first question. The second is this: how and how
far ycu prevent the loss of national wealth by
your production of articles which we
now largely import? am glad to think that this
IL fVfa daA nr,A
effort towards the solution of these questions. In
crease of production and improvement in quality
are your objects. and the increased production of
your staples, win add too our exports and dimin-
ish imports. Every bale of cotton and hOgshead
of tobacco laid upon the wharves of Liverpool
and Havre add to our supply of gold, for they COM
and of sugar, and every gallon of mOlasses pro-
duced here in the State of Louisiana saves us from
importing so much, and thus retains the gold in
the country. Now, your Exposition is particularly
meant to bring about increased production of these
staples, cotton, rice, sugar and tobacco II con-
templates improved implements the adoption OF
the best means to strengthen and stimulate your
lands: the establishment of harmony between
capital and labor, and the bringing of larger area
under the pillow. II is surely not absurd TO think
that you may increase the production of your sta
piles by say twenty per cent: IL and If you thus
annually add nifty mlllon COLLARS 70 our supply OF
gold; and If rigid economy be introduced and
observed so as to reduce national expenditures
forty or fifty millions more our financial questions
will be solved. Gold and silver will accumulate
the difference in commercial value between them
and our paper currency Will rapidly decrease
and with stable currency commercial confidence
and confidence in useful enterprises will be re-
stored. 1t is our duty and safety to give
proper heed to the opinions OF men of experience
in financial aud commercial matters, but the wild
est theOrst would hardly ask us to base our hopes
of a return TO specie payments on a complicated
aud ingenious plan OF borrowing gold. That would
be sure to dsaPpoint us, and would very probably
lead us into still more serious perplexities. can
not avoid the conviction that permanent i'm
provement in our financial condition requires a
closer economy, especially in public expenditures
and an increase Of our valuable exports; and your
relation to this subject is of the highest Importance
because of the great value OF your staples and the
constant demand for them in the markets OF the
world. This do believe is coming to be under
the North. The hard times following the manic
have made them feel that you and they have an
interest and a welfare in common. And in
any just cause involving your prosperity you
T self nG ateTe. rehS the SnPPS 5s N"rb
Who among you can best help in the great work
Of building up natiOnal prosperity? All classes
can be helpful The mechanic who contrives ana
constructs pillow, which with the same draft will
run one inch deeper than the plow you have been
last season longer; the chemist who teaches you
the constituent elements of soils and plants and
the conditions of fertility in any plant any soil;
the editor who gives his daily or his weekly
column to the records OF experimental
by which the scientific few
help tO enrich the many; the intelligent expert
mentaliSt who tries the theories of students by
the patient test of practical experience; the hus-
bandman who does an honest days work in a fair
days time; the careful housewife who may pos
sibly appear to make but little. but who can and
does save much; the upright legislator, who looks
rather TO the honor of his country and the interest
Of his constituents than to the exigeneies of his
party, and by righteous laws protects your
persons and your property; the pure and
lust Judge whose heart and hands are
clean from all corruption, and whose authority
shelters rich and poor. and weak and strong alike;
the unselfsh and laborious Executive who admin
listers the laws for the happiness and well being of
help YOU, but above all others those who make the
laws and those to whom their Interpretation and
execution are conhded.
Gambling speculations may indeed be prosperous
when the foundations OF society are all uns tiled.
but not with the honest pursuits and productive
arts of life. The agriculturallst and the
or laws which are sbonestly unrigbteousiy
or partially administered. They can not bear the
burden of taxation, which inevitably falls upon
them when self-seeking and corruption control
public affairs / believe that the stability and
sense of security which are essential to permanent
require that our political institutions
shall be entirely restored as well in their spirit as
in their form. Our experience has established the
fact that they are peculiarly aPaPted to on: eo9di
that 1t shall not again be questioned
that the powers which belong to
the states under our ST the st o witS
out any interference, intimidation or control from
without The occasion which has brought You
together is in respect political or partisan, and
l. Woulu not Dy u sihSie hOIu NlOlate lIs P,OPilS-
ties. Intending criticism upon no one, think
may properly say that the recent history OF this city
and State has shown that the people can not labor
and pursue their ayocations with success when
disturbed and distracted by conflicting iurisdic-
tions over them.
We are entering upon our hundredth year of
national existence Shall il be our year of jubilee?
Though debts be not released, nor lands
restored yet past contentious may be laid
aside, and dangerous jealousies may be
suppressed. Our development and progress
have been wonderful. Our troubles, believe,
will soon be over. Shall we not then joyfully re-
peat the old commandment TO ''cause the trumpet
OF the jubilee to sound?'
This year defines and marks period. Hence
forth the centuries will measure and define the
stages of American progress, as the Olympiads and
the Fiftics did among the ancient Greeks and He
brews.
This centenary will be crowded with appro-
pirate expressions of innumerable happy MEM
cries reaching back even beyond the century.
Genius, learning. wealth and enterprise are now
engaged i'm making Dreparation to exhibit our