"...inaugurated on the heels of the centennial of the Declaration of Independence, and as the 20th man to hold the office, the new President was already thinking legacy and symbolism even before he placed his hand on the Washington Bible. The three living former Presidents - Lincoln, Seymour and his immediate predecessor and rival Hoffman - were all in attendance, and by all accounts the carriage ride to the Capitol with Hoffman was courteous but stiff. In his 2,314 word inaugural address, he spoke of the promise of the new day and of America's achievements in a century of independence, and most markedly, "today's break with the rapacious greed and centralized corruption of yesteryear, of a new Constitutional covenant enshrining self-governance and trust in the people, rather than trust in an insular capital that views the co-equal fraternity of states the way the Old World's empires view their colonies." Hendricks had, even before his inauguration, sketched out an ambitious plan - an immediate suspension of homesteading and railroad grants, a cancellation of a quarter of the Navy's ordered vessels under the 1869 Naval Act, and expanding the Silver Purchase Act's terms from a gold ratio of 4:1 to 8:1, which was still a more moderate course than that demanded by the free silver wing of the party and the Greenbackers, who wanted an entirely fiat currency. Hendricks, in his early days in office, was both a break from the past 16 years of administrative style in accordance with his Midwestern conservatism and an effort at continuity to appease various Democratic constituencies. As Attorney General he elevated esteemed Vermont Democrat Edward J. Phelps, regarded to this day as one of the 19th century's finest legal minds; in an effort to bury the hatchet with Hoffman he made former Vice President Cox the Secretary of State (lost on none that Cox's maneuvering at the convention had resulted in Hendricks' nomination and now Presidency); to replace Vice President Church on the Supreme Court, he appointed his political ally Melville Fuller, a prominent Illinois railroad attorney who had read his nominating address at the 1876 convention, and when Justice Clifford resigned in failing health later in the year, conservative Ohio Senator Allen G. Thurman was elevated in his stead. In somewhat of a break from previous Democratic administrations, however, Hendricks stepped back from executive prerogatives - though he held Jacksonian views on banks and racial matters, he was leery of executive power, a holdover from his opposition to the Lincoln administration's endeavors during the 1860s and his own experience as Governor of Indiana, and so he left many matters to the trusted and battle-hardened Speaker Sam Marshall of Illinois, and he and wife Eliza kept a fairly modest social schedule in the executive mansion. Jeffersonianism was what truly inspired Hendricks, and it seemed in the early days of his Presidency to be making a moderate comeback in Washington..."
- Hendricks: America's 20th President