The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-09-06
To,nIin i've years. .................... 1854

or an average Of over sIIo 0Oe. 900 a year
As NC have already seen, tho oalance OF trade IN
SASS. jS2 $780, average Of more than $l6o 100000
year INC balance OF trade the last yoar, II COM
pared with that oil the two years next boiore tie panic
shows gain In favor oil tho United States IN one year
Of over S400. o 0.000.
portance OF this favorable state Of tho balance OF
trade. Balances must be settled in casb-n the
men reach out 10 all paris OF the world Our sgricu
tural and niactnreo products more aud more seek
and nnd their market Y foreign countrcs Inc com.
than before by steamships, railroads and telc-
graphs, Is so connected that must be conducted on
thessans principles and by the Same Instrumental
lies by vii who take part In IL
We cannot " We would, We should not II We could,
isoi.te ourselves from the rest Of tho commercial
world. In all our measures for the Improvement of
financial condition wo should remember That our
Increasing trade with South merica and with the Old
World requires that our financial system shall DO
based on principles whose soundness aed wisdom arc
sanctioned BY the universal experiences and the cen-
erai judgment oil all MANKIND With diminished ana
ptiii diminishing psb,ic burdens OF debt, expendi-
TIRES aud interest, with an improved conditien OF
We are on INC threshold OF better tines But We
must forget that the surest foundation OF re.
stored financial prosperity Is sound constitutional
currency and unstsincd national credit.
TBK WESTWARD MOVEMENT.
There 10 another interesting subject that is worth
g,vins attention to and, think, IS cncouranng snd
u oil hope rho surplus populations OF the Atlantic
slope OF Ststcs are fndng their way as they never
had done b. autful st,tos and Territories NJ
tue West. (Appiausa-) And what does that mean IL
means relief 10 tho Eat Tho surplus population
that goes on gives better opportunity for employ.
meat Of labor and industry there and here and
IN the states they arc making heir
homes and they are furnishing them market Tor
the supplies from the old States But II has more
than double advantage there ere three advantages
IL relieves The States furnishes market TO the old
States and with their products IN the new States they
help to swell the tide OF exports 10 the old countries
That IS what this change OF pepuia'fen means
| You know much more about u IMAM 40
You have lived here aud seen II. To-day, IN CONVEX
tation with very young eentleman, Governor Nsm
ssy, oil Minneso,s-(great laughter and appiause)-l
thought some OF the people would be pleased TO heal
| me call him SO young tLaugb,er) Ho rcmembers
about thirty years ago, when In this whole Tcrritor,
Of Minnesota and Dakota, tnoy managed by counting
up nall breeds and all sorts Of good counting TO make
IN the census 500 people. tlaughter) In this tow
Of 81 Paul they perhaps had one hundred ana nifty o
| habitaats; down at Minneapolis perhaps nfty. Tit
| precise number In Minnesota I do not Know, ant
now. " you arc not miluon, you soon will be- zap
| pausc) Ana 81. Pau--weIi, ! emit venture upo'
| that / an a little AFRAID, but the truth 10, I'M
trends that ST. Paul and the neigbboring nourishn
| CITY ol Minneapolis. whatever you may.thirk, ar
| one In interest," one In the future, great city II
| spitc OF prescat difficulties. Great and proonge'
| appIause.) They laughed al mo little, you know
| ~ beng disposed 10 conclate (Grcat laughter.
| may DO mistaken. bat tnink Ton yoars VII snow