The New York herald., 1878-09-25
THE PRESIDENTS TOUR.
ENTHUSIASTIC RECEPTION IN pITrSBURG-
GRAND PROCESSION AND ADpRrss OF WILL
CONE.


members Of the Reception Committee, started on ihe
log establishments. which occupied hts time until
Que +. N.
THE PROCESSION
At thros o'clock tho Immense procession OF escort
Started with tho President Tor tho Exposition Build
inss, the column moving in the following order:-
Detacbnent Of Police.
Pttsburg Fire Department. under command OF Ch,ef
Evans, and preceded by Members oil Tho
Fire COMMISSION IN carriages.
Robinson's Brass Band.
Allegheny Fire Department., under command Of Chief
Mayor McGraw Of Allegheny and members Of the
Councils OF the two cities.
Colonel Guthrie ssaG Va command OF the military
escort.
The Great Western Band and Drum Corps
Fourteenth Regiment, under command o Colonel
Eighteenth Reriment Band ana Drum Corps. Major
Aull commanding regiment anu stai
Committee OF Reception in carriages.
President Hayes In carriage drawn BY four whito
AS the procession moved down Filth avenue It pre-
sen,ed splondid appearance, and the air was reat
with ,umultuous shouts from thousands OF throats.
oi those who Asd tho streets ard sidewalks.
ADDRESS WELCOME
The head of the column reached the Exposition
building AZ halfpast three, and as srder
secured Mr. John II. Rcketsou, on behalf OF the ex.
position managers, delivered an eloquent ana pointed
address of welcome. After extending u hoarty VOL
como 10 the President and party he spok.
the ci,y and recalled the iormer Presidents visit to
Ptsburs' and alluded In feeling terms TO The visit Of
President Lincoln in 1851. He also rehearsod ut ful
length statement OF the numerous ana extensive In
dustrcs Of the iron clay, and concluded by commend
ing In the highest forms or ouloGy Tho stand taken
by the present administration In favor OF pure gov
ment and the cnacavur TO restore, US iar posi-
bie, without Jcopardzipg tho results secured Dy tho
late cvii war; tho feelings OF cordial friendship and
thorough reciprocity between all actions OF our CON-
mon country.
THE PRESIDENTS REPLY
Al tho closo OF Mr.. Rickclson's speech the Presi-
dent rose and replied as folows:-
FKLLow CITIZENS OF PIrTsBunG AND OF ALLEGHENY
CoUSIY-Porhaps should say OF Pennsy sylvania-Dur.
ing the PAST three weeks have had most agreo-
able tour through the STAKES ct tho Northwest tour
OF inform alton and Instruction and yot can truly
say 10 the people OF P'ltsburg that TO part
OF thn, period was more agreeabiy and, as think,
proltaby spcnt Than the lew hours that have bcen
tApIlause) Necessarily 1 have seen but . very
run through your exposition. q rapid visit
during few hours oil Tue forenoon to various iur.
naces and factories. and shs passage from the hotel
TO tins point, these arc me SUN OF my advantages
In seeking to know what Pntsburg Is. You ono
0i the great manufacturing cities, one OF she great
Now, my friends, discover hcrs-we arc informed
hsre-,bat Goals and iron and glass and steel and
petroleum arc the great interests OF this city they
are tho great and Important OF The whole
community, and pause 70 inquire what Is
their condition; In a. letter written to
desiring to indorse tue invitation of the Exposition
soc'oy aud ., Of tho city government: there here
are working people una our city has
been unusually afflicted bv tho pauic. business
Your presence would do good" All parts Of that
except the last am satisfied is "a far
and truthful picture OF the condition of things
IN Pittsburg. Manufacturing business thus always
sufIo.s from tho stAgnaton o business that fol.
lows a financial panic than eithor com mincrc rcial or
agricultural communities. Wealth, tho super.
fuous wealth, tho accumulated wealth Of
manufacturing CITY, is, ! think, usually not
widely ana consciously distrbuted AS IN an nsrlcul
tural community. When men are thrown out OF eu-
poyEcEt by the hard times that follow u nnun cial
panic. almost Immediately with some, suffering
tho daily labor ID felt by large portions Of tho
community. Aud the wealthy men OF man uiacl luriug
citIsa, what is their condion9 They have tm,ncns SO
properties upon their hands no longer profitable
They losing not merely the interest Of the Invest
ments, but tho property itself is going to dec,y
less large sums are expended In keeping tho works
running al q loss. So that suppose II to be true
that nuiacturng communities like P,Lsburg suffer
moro than either commercial agricultural coin.
munitcs IN time ike this. But more than that, my
friends suppose that the ing tide OF good
comes more tardiiy TO u manufacturing community
than ether to an agricultural or u commercial COM
munry. Let see tho order OF precedents for a
moment. When hard times como tho farmers who
have brancbcd out. perhaps, too much. havs
built Iiit cxtravaeantly have borrowed money 10
buy moro lands, have become indebted In
french @ " and ~ econom,ss ., 0'tis shsy TO suTsr Ts
themselves upon their iarms, and gradually, good
times are approaching, .hey are the nrst to ccI the
benefit OF the returning prosperity. They pay
or ther debts; they eeonomize; they prepare
for tho trouble that 10 upon them, and good
crops ana fair prices soon lead them on SO that
they begin again TO purchase froely from the mer-
chants, Aud now begins the era Of prosperity and
transportation To tae railroads. to water
uon. and TO the merchants. Ana now mt last,
aiior the merchants and niter tho farmers
tor tho railroads and moro rolling stock, ard
gradually II reaches you, but II reaches you
hel says business has toen depressed und right
aga,o, when he says, 'bu, seems to revive
slowly II there IS any docbs In tho minds o! this
great concourse OF people aoout that Ia whether
they arc rsvivipg or not, either slowly or rapidly"
RgTuRS OF PROSPERITY PRxDicrgD.
The Prosijent thon took up tho question OF finance
and tho depression OF business Throughout the coup
Try and spoke fulJ and ably this great
question Of The day, going over the same ground
sposch ut 81 PAUL He predicted tho return
al no distant day OF national prosperity. mud
IN the West lie pointed out the TACT that our ma.
tioDal debt was growing smaller every year aud
that outstanding obligations we're beiug funded
at lower rnos OF interest," thus cectlng enormous
saving every year He referred TO tho gradual
appreciation OF tho currency, and showed conclu.
s,voly that the lover and laborng classcs aro
always the sufferers from a shiit,na currency.
Ho premisod the fact that hnd nearly
or quite reachod a per,nauen. bas,s OF value
anu characterized The present. time from when
VIC could go forward and enter upon an OF good
times, or by unwise conduct a0d nic,ous lcgisla
uon postponc lnucuultoy OF prosperity.
lic warned the people against demo zst,on OF the
precious mcias aud deprecated any Legislation look
ing to that opd
IN conclusion Lc made most eloquent appeal TO tho
pooplo rs nation to guard jealousy tho national
credit and honest money. Ny friends, 10
said, am very glad 10 Siave had this opportunity
TO converse with you. 1t has been to me very
satisfactory, and trust 1t has been not en-
trcy nsaisfactory to you. wish TO say, finally,
that honest capital has needs and has rights aud
thcro Is honest capital, honest busness enter
prise and skin which have rights and
have nocds Honest labor mas reeds ana has rights
and hcro Is an abundance OF honest labor. Os. as
went oday through those mills aud fth.
fully Iaboring could not bot think, MS ascouded
on one OF your ircned planes that, as We travel
over the Railroad az we sail W on tho tugs OF your
river, how, II thcrc Va dishonest piecc