The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1879-10-01
9 p y = Q H
SIP n II Q FL
DELIVERED By
HON. T. A. HENDRICKS
Eaton, o.. F1iday. sep.s mber as. 1879

FELLOW CIrIzENs-I need not remind you
that during the years following the close of the
war your minds were disturbed by the most
profound anxiety for the public welfare. There
was no more work for abe sword. Overcome
and disbanded, the troops Of the South had re-
turned TO their homes. Acqulescence in Fed
eral authority was complete and universal.
Yet you feared that the reconciliation might
not be thorough and perpetual; that danger
Gus causes of alienation might still remain.
But you were compelled and perhaps content,
to trust-as you did trust-the possibility OF
fraternity and union 10 the wisdom of the
public policies, and to the good sense and
patriotism OF the people. And notwithstand-
ing the folies and crimes OF some, and the
wicked demagogism of others, aro1sing dan
gerous passions that were sleeping, 1 feel
assured that your reliance upon yourselves
and your fellow-countrymen will not fail you,
but that fraternity and union will grow with
the growth, and strengthen with the strength
OF the country.
You were also solicitous for our
material welfare, because OF the
exhaustion caused by and following
the tremendous struggle. The production OF
our important and great staples could not be
maintained in quantities sufficient to meet the
demands upon ouT .esources Our embarrass-
greatly augmented by the unfortunate policy
OF reconstruc lion, whereby for awhile The reia-
lions OF the States 10 the Federal Union were
confused and confounded, and the white and
back races were involved In distrust, hatred
and s ,,nss The mad poney snd OF
entire section OF the country, and
a DIS I,,sd., i labor 10 ia einployment
that our foreign trade was heavily against us
May state the facts IA au illustration? Dur
lug the two years and IL months from July J.,
1868, TO May 81, 1858, our imports, valued Ia our
own currency, amounted To Sl,59i fi1,Uoo, and
n sYt 10 @ DURING s that psrioa
OF two years ana IL months, after the close OF
hs %ar our pnrcnases exeee &c onr sales
/ suppose that balance against us was
met largely by sales Of our pub.
that same period wo exported over and
above our imports Of gold ana silver Sisj 07 SOL.
that, our future prosperity must depend upon
au increase Of production and more edvanta.
seonld "seasa orr nufch a abroad our ur asan
ciai difficulties would rapidly disappear, and
we would soon stand upon aspecie bosis,
peace. reuonciliation aud harmony. thought
and said that a statesmanship worthy this
condition, would sock every opportunity 10
foster and increase the production the staples
tared the opiaion that IAN Increase OF 20 per
cent, Ia the Production OF our great staples
and Inc surront OF gold ioward our own
| shores, and contribute more than any
enactment OF Congress To-, nn early
resumption OF specie payment" need not
| remina you. for IL cnn not DO cfiaced from
! our memories, that no bencncent change In
policy OF ndministf uou took place. but that
! In 1850 and thence 90 1878 and 1874 the sympa.
| thiea OF the adnin stration aud tho policies of
S9nsresa were ats2Sotnor dsyornpie 70 th2se
| masses, who have tho burdens To carry. Tho
changes Ia tho public contracts were such ns
| made tho obligations harder and the burdens
u reduction OF interest. Favoritisni,
poisoned the public service. and went unre.
| Duked and unchecked, Unnecessary and OK
| travagant expenditures burioned the people
volumes 81 currency from the channels OF
,rade, and added 70 tno o., OWLS OF CONTRACTION.
administration ana OF unequal and uniair
legislation eliminated In u financial panic and
business pursuits and useful on icipriaes OF The
COUNTRY: AZ once the people realized tile OK.
Maintained iai,h and n hope In the RspabiieaI,
| party, and trusted TO themselves for tho reoov
ery OF lost proapority. Promptly and earnest
| hurcd and seventy-four btcauc memorable
year. a Democratic House was chosen,
reform. In every household an economy was
| adopted moro rigid than ever before known,
| Labor was active and Ill gent 10 the utmost
extent OF possible omplo, msnt. Tho results
are now seen aud roaiize.. individual econ
omy pree,Sce;sd Cd eyerywherS snronghon, "a.
| abroad as follows: From 1919 10 1874 tho reduc
ton was ,72psss; from is1t az 20 isis y wa,
10 iS77, sDiis,0lb and FROM 1877 20 1878 tho no
duction was si.e1l bDi. Tho economy OF tbs
people In 1873 ~ compared with 1873, In the
consumption OF foreign goods, was about 500.
0O0,O0D,
During tho sams period the diligen,
| cultural productions, aud such was tho con
dition oftho foreign market that our export
| than In iss3, ana la the year 1879 our exports 81
merchandise exceeded our imports BY "a,
anm OF e,sy 7O0,DGl. IL isastrllring fact that IN
iB7Btho year before the Democratic House wa
| chosen, our purchases exceeded our salel
Sereaa ny nnn az spa me oss .n,,
iiguros were reversed, and, aa ! hayesaid, th'
export. n Tho near is,s excoedea me import,
marked the Increase OF our indebtadncsa. ant
the figures OF 1879 Indicated It's reduction.
1874. 1873, 1871 aud 1875 exceeded our import,
In the sum OF s5ys ,iip $50. am not able To give
suppose i Il sare 70 state L IL ssiooc0 900
| making NiS ith. l38 for the nvo years named
1 pared by Mr.. Sponori, the librarian OF Con
the effect OF the favorable condition of ou
foreign trade upon our supply OF gold and hil
yer IL shown In the fact that In 1873 the expor
OF specie exceeded It's Import by the sum o
s3,gil,sii Our favorable foreign trade has no
ouly turned the current 81 specie toward on
shores, but It has caused tho return OF larg
volumes of public securities that had gon
abroad 10 meet the balances when they wer
against u.s. snns rsdasing the np q soIa
eign trade during the past Ave years, iavorabi
20 US beyond all Precedent, and broagn
industry OF tho people. has been 10 increas
our supply OF gold ana silver. md 10 make
permanent aud reliable, and 10 MAKE tn
resum ption OF specie pa ments IA possibility
-Four years ago, wheu Governor Allen was
| candidate Tor reelection, IL was my duty AM
pleasure to speak In his favor, ana thei
repeated 10 the men OF Muskingum count.
what had said to the Democrats OF Indian
at the State conventi N the year before
Looking forward, theI anticipated aud pre-
| dicted what now clearly as look back
ward over the Intervening years
II you approve the JUDGMENT and concur II
the sen timent-. need not ask your pardon
for again repeating myself:
"The expression In iavor OF a return to spe
| Gle payments IN very general, bat the res
| question Is when and how, can that be acc nm
plished? 30 long as the supply OF coin is =
| small as compared with the paper money, IL
i'm possible. The effort now would probabl
| re.ult In commercial disaster. The people 8
| No affr faf "a AZ