Rutherford Hayes actually said...

"The agencies through which this change has been effected must be maintained and strengthened if the future is to be made secure."

"A return to excessive imports or to a material decline in export trade would render possible a return to the former condition of adverse balances."

"The external commerce of the United States has for many years been the subject of solicitude because of the outward drain of the precious metals it has caused."

"They are transmitted with the assurance that any measures that may be enacted in furtherance of these important interests will meet with my cordial approval."