The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1878-09-20
Total in five yea1s
....$554,G52,6O7

or an average of over $4,000, 900 a year.
AS we have already seen, the balance
of trade in the last three years in favor
of the United States is $4SS, 5S2, $50, or
an average of more than $3.50, 600, 900 per
year. The balance of trade the last year,
If compared with that of the two years
next before the panic, shows gain in
favor of the United States in one year, of
over $400,O00,0O0. 1t is not necessary
that should dwell upon the importance
of this favorable state of the balance of
trade. Balances must be settled in cash
i'm the money of the world. The ex-
periences of our business men reach out
to all parts of the world. Our agricultu-
raj and manufactured products more and
more seek and find their markets in for
eign countries. The commerce of all
parts of the world, bound together more
than ever before by steamships, railroads
and telegraph, is SO connected that it
must be conducted on the same princi-
pies and by the same instrumentalities
by all who take part in it.
We cannot if we would, we should not
if we could, isolate ourselves from the
rest of the commercial world. In all our
measures for the improvement of our
financial condition we should remember
that our increasing trade with South
America and with the Old World re-
quires that our financial system shall be
based on principles whose soundness and
wisdom are sanctioned by the universal
experience and the general Judgment of
all mankind. With diminished and still
diminishing public burdens of debt, ex-
penditures and interest, with an improved
condition of currency and foreign trade,
we may well hope that we are on the
threshold of better times. But we must
Al
restored financial prosperity is a sound
constitutional currency and unstained
national credit.
There is another interesting subject
that is worth giving attention to and I
think is encouraging and full of hope.
The surplus populations of the Atlantic
slope of States are finding their way, as
they never have done before, to the beau
tiful states and territories of the West.
[Applause.] And what does that mean ?
1t means relief to the East. The surplus
population that goes off gives better
opportunity for employment of labor and
industry there, and in the new States they
are making their homes, and they are
furnishing them a market for their sup
plies from the old States, but it has more
than double advantage There are
three advantages; It relieves the States /;
it furnishes market to the old States,
and with their products in the new States
they help to swell the tide of exports to
the old counties That is what this
change of population means You know
much more about it than lido. You
have lived here and seen it To-day, in
conversation with very young gentle
man, Gov. Ramsey, of Minnesota- great
laughter and applause] II thought some
of the people would be pleased to hear
me call him so young laughterl-he
remembers, about thirty years ago, when
in this whole territory of Minnesota and
Dakota they managed, by counting up
halfbreeds, and all sorts of good count
ing, to make Ia the census 400 people.
lLaughteF.1 In this town of ST. Paul
they perhaps had $50 inhabitants; down
at MiHneapo perhaps so. The precise
number in Minnesota do not know. and
now, If you are not million Won soon
win be. fAppiause.j And St Paul
wen, can't venture upon that. / am a
little afraid, but the truth is, my friends,
that st. Paul and the neighboFin9 dour.
ishing city Of Minneapolis whatever Won
may think, are one IN interest. one Ia the
future, one great city IN spite Of the pres
enf dincdlfies Gneat and prolonged
applause.l They 1aughed at me Lille,