The New York herald., 1876-11-04

them so TO speak, said he. OF Lenten season,
taton, for abatlng something OF their rloous living,
restraining their extravaganza and embracing, IT
not prayeriul, at least thoughtful and sobcr
lite. This would do them good and save the country
at least 500 000, 900 per annum. All parties had
agreed that frugay and economy were necessary.
The people had taken up the idea n great earnest.
The speaker went on TO say that OF the most
traordinary sights to SEQ the people practising all
kinds OF retrcpchment and economy and the govern
ment rcvcling tho proceeds oil their robbcrcs aud
pecuations. Thus VIC have the spectacle OF people
saving themselves from ruin IN spite Of those supposed
TO lead them 1t Is humiliation, said the speaker.
beyond expression that If THIS state OF ihngs
continued, the republican party kept IN power and
the people OF this country ever have chance to live
and prosper, IL will be IN spite OF their government.
Let me eniorce my argument by statement Of some
interesting facts In an able address made by Mr..
DAVID A. Wells al Saratoga carly In September before
the American Social Science Association TOT which,
believe, he Is prcsident), he says:-"If we assume
S. 900 as the net value OF our annual product
and per OF this to be lett over after providing
the sustcnancc Of the whole people and deirayng
all expenditures, amuscments, wear and tear
and taxes, the aggregate OF the annual saw
ings of the nation will not be In excess
$780, COO 000 and this, believe is as large est
mate as we are warranted In making under the most
1878 1875 inclusive, the people economzed in their
expenses the rate OF twenty cent at least per
in previous years s. soc, 900 0c0 for all pur
poses. there vas saving during those three years OF
5000 00o 900 per annum-an aggregate during that pc
riod OF 81, 100 00O, 006 This the result OF the
economy prac Used by the people.
Did tho government adopt any policy that CORE
spondcd to the economy and reform practsed by the
pcoplc9 No; on the contrary, the expenses Of the
fcdcra government increased from year TO year. In
1875 they Sill 600 600, and for the fiscal year OF
1875 and 1876 they were Sl5s, ,0O0, ,000
Mr.. Thaycr then went on TO say that the present
state OF things scandal TO republican institutions,
and challenged his advcrsares to review OF exports
during tho last five years, rs showing that we were
constantly losing ground The contrast between the
South and the North in this matter was drawn with
very forcble nand.
on rxp
During the last five years--that is, from the year
1872 10 1875 inclusveour exports exclusive Of gold
and silver buon) amounted to 81. S40 925, ,201 our
imports during that period OF five years were
81, $50, 3y9, ,959 From this statement 1t appears
that our excess OF imports over exports was
about $50, 600. 900 during this period. Assuming
the population OF the United states 10 be AZ 900 000
the consumption OF foreign goods SEQ per capita,
OF these goods Tho south, with n population OF
Is, 900. 600. would receive $3.50 C00,00O OF our
imports, and the North, with population or
20 600 900, would have Tor It's share about 81, '40
600, 600 Now look nt our exports. The south,
during the same period OF nve years. from 1872 10
1876 included, three nrtices-to vii, cotton. to-
bacco naval storcs-$i, 04S 9j3,0l4 This
amount exceeds lis consumption oil imported articles,
as rcckoned per capita, over s250, 1000. 900. Tho
amount Of AL southern products exported Is ~ w.
0o7.9l9. This exceeds she amount Of imported