Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1879-10-11
Wseklg gntelligenfer.
OFFICIAL COUNTY PAPER.
EXTRACTS FROM THE SPEECH OF
HON. T. A. HENDRICKS, AT
EATON, O., SEPT. 26.

Finally, in the fall of 1873, the evils
OF vicious policy and OF ii wl'k''u au-
mluistratiun IT suited i'll n panic ;hat
struck almost like death to every
important interest aud enterprise OF
the country. At once people reallz q
the extent and magnitude of that Ia
lami,y. They had nc faith nor hope
in the republican party, and SO they
trusted To themselves. Promptly
aud earnestly they commenced the
work of bringing about prosperity
once more. 1874 bee me Il memorable
year III uur history. That year a
democratic house Was elected-the
first for u great many year, with Il de-
cidcd majority, intrusted with the
duIy of r~etrenchment and reform. In
every household Of this whole land
of ours an economy was adopted
more rigid than ever before known.
Labor was active and dilieent TO the
extent OF the utmost possible employ
ment.
Individual economy, practiced
everywhere, i'll every household i'll the
country, had the effect to reduce our
purchases abroad as follows: From
1873, The year of the panic, to 1871,
m reduction in u purchases abroad
was S74 600 600: from 1874 to 1875,
S34 ono 900. from 1879 I % 1876. ST.
600 100: rom 1876 10 1877. Sc. 900, 900,
and from 1877 t, % 1879, $4,000, 900;
so that i'm 1878 our purchases abroad
were more that $500, 900 600 less than
they were in 1873, ami each IL of
Won men contributed somewhat TO
that wonderful economy. When you
felt that your interests were stricken
by the great panic OF 1873, you lndi-
vidually and your wives commenced
the work of economy. You contrib
uted the handful OF grain to the re-
iuru of prosperity in that respect.
Now, gentlemen, your individual
Efforts. anu the efforts Of your coun-
try, stopped our expenditures abroad
TO the extent of $500, 900, 900. During
h il same period, fir IN 1874, when
the democrats cle, It'd n democratic
house, The diliyent Industry of the
people SO Increased our agricultural
productions. and such was the condi-
lion of our foreign market, tn 1t our
SI72. 900, 900 more than in 1878, and in
the car 1878 our exports of mcrchan-
disc exceeded our imports $257 ,OO0,-
900. Instead of buying more than
we bought in 1873 by 1921, OOO, 900.
That was the result of two influences
fist, the economy in every house
hold, and second, the diligcnt INDUS
try upon every .arm and in every
shop where there could employment
| be found.
1t is 4 striking fact that in 1873. be-
| fore the democratic house was elect
| cd, our purchases exceeded our sales
abroad Sis, 900. 900, and that after
i three years of democratic control OF
the house the figures were reversed,
md, as | have said, the exports in the
year 1873 exceeded the imports $257,-
O0O, 900. The balance against us in
1873 marked the Increase of our in
tebtcdness, and the figures OF 1878
indicate the reduction of that indebt-
dness. Our exports of merchandise
turing the years 1874, 1876, 1877, and
1878-those four years-onr exports
Exceeded our imports $508 GOO, 900
For this year [ cannot give you the
exact amount. 1t is sufficient TO say
that we will sell this year $240, 900.
600 abroad more than we will buy
So that in the five years past, includ
ing this year, we will sell abroad
more than we buy abroad $748, 900,
600. y Il at ,
1t not only turned the current O
specie to our shores, but it has givel
US the return of large volumes o
public securities that had gone abroad
to e the expenses wheh they wer'
'salhst u.s. mus reoucihs Inc eApor
OF Soid M silver 70 meet the inter
est ABROAD. Inc enecG OF a 1oreigi
trade during the past hve years, IaV
orable to US DeYond all precedeht'an
brought by the dl'igent
my ana aus OF the people, ma
been to increase our supply OF goi'
'na silver, anu 10 make IL permanent
and reilable.and to make the resumP
tioh Oh specie payments posslOlllty
Except for the people themselves, ex
cept for that economy that marked
your domestic HABITS, except Q tn
dillgeht industry OF Inc people ina
has gwen us thus enormous balanc
oi foreign trade, thai mas oroughtou
debt nome agaln-a debt that repub
ilcan policy a made a foreign deb
the economy Of the people of tn
omi,ou Stat Is.1 a utuusn. I'M oa.i
"sai"' Hne Wv oL0:' w.
now allnosI oui eh'ire ueoI Is hei
!! A.herica! hanus ahu wnen .le ~
,eress rs pau l.. Is not Paiu ~ IN
so:nsu any moi ou.i.is pai
,a"n Aneii'a" ''''Ae''s' lAf
p'ause:I
Is any man. so credulOus now as t
believe that resumption of specie pay
ments could be based upon borrOwe
gold? Public confidence and lnanc
al stability can be made to rest upo
borrowed gold. The reason we hav
stability to-day is that you have sci
. the products of farm aud shop, q
II tho people from the north to til
south, and from the EAST to the ives
across the waters, and brought tt
gold and the silver to our countr,
lApplause. That is the reason W
have stability. When trade and con
, merce gave assurance that the suppl
OF precious metals was permanel
aud would certainly increase, the
confidence became established, ali
. the paper currency of the count,
took Its place by the side OF gold al
silver.
s.. May l give you an illustration
When the war was over. was it II
the most obvious duty to reduce 4
r public expenditures by q riuid eco