Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02

Is t"ta Nalue "a coin was 500. 99s 5g5 ls. In ISIS
our paper currency consists OF:
ttfeenhacks. SSiS. 6sl. Ol6 90
NAI"ai 'iAik kn"te,---.------.-.- 81. 5ll. 90
Fractional curreucy.............. 10 54-.sS. :.
Total. ...-.--.........-..... s7.7Is. 1851
Zach dollar of pa ser currency Is now worth
"955c in coin. and the total value in coin OF
our paper currency is more than S6SI 900 600.
he value Of the paper dollar is as stable as
that OF coin. Coin and paper are practically
abreast OF each 9th r. Tue iuci us,ion in the
value Of the paDer dollar has not. in the last
i've months, exceed II the fraction of a cent.
TRADE WITH soREI6N - COUNTRIES.
The total Increase IN she coiu value o; our
paper currency since 1866 is about Sls5.O00.-
coo. Nothing connected with the financial
affairs OF the Government IS more interesting
and instructive than the state of trade with
foreign countries The exports from the
United States during the year ending June SO,
1873, were larger than during any previous
year in the history OF the country. From the
year 1868 TO the Year 1913, the net imports into
the United States largely exceeded the exports
from the United Stasrs, the excess of
imports ranging from 5000 900 to $751;
OOO,OOo. During the wear lS.4 aud lS.5 the
exports and imports were about equal. Daring
the years ending June 80, 1876, ls91 and 1878.
however, the domestic exports from the United
States greatly exceeded the net imports, the
excess Of exports increasing rapidly from year
10 year. This is shown as follows:
Year ending Excess Of exports
June 20. net imports.
i9.- 10 ~
15.. 81, &C.
The total value OF exports from the United
States increased from S269. $50 500 in lS6S. 10
$3.50 6S, ,s9S IN lSsS. iuc.esle OF sill ,9S, ,59S,
l5S per cent The total increase in the
value of agricultural products exported from
the United States in the year 1878, over the
exports Of the year ending June 80, 1868,
amounts TO S21S, al ,2S2, or Sc per
cent. The balance OF trade against
the United States. in the five years
next before the panic, was S55i, ,052 COZ, but
the balance of trade the last year, If com
pared with that of the two Years nexI before
the panic, shows gain in favor of the United
States in year of over Si0J.000 600. IL IS not
necessary that l should dwell upon The import
ance of this favorable state of the balance OF
trade. Balances must be settled in cash in the
money OF the world. Tue enterprises Of our
business men reach out 10 all parts Of the
world. Our agricultural and manufactured
products more ana more seek aud find their
market in foreign countries. The commerce OF
all parts of the world. bound together more
than ever before by the steamships, railroads
and telegraph, is SO connected that it must be
conducted on the same principles. and 5y th-
same insfrumentaIiles, Toy all who take part
in it, We cannot. If We would. We should not,
il We could isolate ourselves from the rest ol
the commercial world. In all our measures Tor
the improvement OF our financial condition, We
should remember that our increasing trade
with South America and the Old World re-
duires that our financial system shall
be based on principles whose sound
ness and wisdom are SANCTIONED
bv the universal experience snd the
general Judgment of all mankind. With diInin-
ished and still diminishing public burdens oi
debt expenditures aud interest, with ~ i'm
proved condition OF currency and foreign trade,
We may well b, pc that We are on the threshold
of better times. But We must not forget that
the surest foundation Of = restored financial
prosperity IS q sound constii utional currency
and unsjained National credit.
EASTERN EMIGRATION TO THE WEST.
There is another iuteres;iu. subject that is
worth giving attention to, and J think it is Ell
courasiug aud full of hops. The surplus poPC-
Iations of the Atlantic slope of States are iiud-
lug their way, as they never have done before.
TO the beautiful ates and Territories Of the
West. Applause. And what dos that tneau!
Il means relief 10 the East. The surplus poi'u-
lation that goes OH gives a better opportunity
for -mplovmen. Of tabor aud industry there,
aud here in the Eew States tney making
their homes. and they are furnishing them
market for their supplies from the
old States But it has more than a
double advantage. There are tnr-e advantages
u relieves the States, il furnishes InaTke; 20
:
new States they help to swell the tide OF ex-
ports TO the old countries. That is what this
change OF population means. lou know much
more about il than do You have lived here
aud seen il. Aud now this movement Oi popula-
tion. what is it doing mere. We see the great
states, one in the distant South, one IN the
centre ami the other here. There is Texas, an
ernpir. in itseii, receiving larger num'ers OF
uopuIation. perhaps, than ge ever received III
any State durin-. the present decaic, haVin.
sugar, cotton aud wheat and cattle There l.
the state of Kansas, the pioneer ln the great
struggle which dedicated all america to ire
dom and the stars and stripes forever BJis-
ferrous and prolonged applause She is having
her share of this prosperity. And Minnesota.
| need not saw God bless Minnesota He Is
blessing her. Renewed applausei. And here
let US remember what great blessings We have
IL is not merely material pros periiS. it Is not
merely great crops Of wHest and corn and great
numbers Of cattle. bur the faces / see around
me show that shadow OF pe>tiIence
is upon this community, or perhaps
ever can be, while down your noble
river affection Is spread over all that county
We admire aud synpatnize with the noble inen
and w1,men who, as physicians and nurs=s, are
carving succor 10 Grenada, and Memphis, aad
New Orleans, and the other cities afflicted, aud
| am told that you Of Minnesota, Of Your
abundance, propose, to-day, to do something
of yoUr share towards giving relief TO those
stricken communities Applause
WHERE WE sTAND-THE CURRENCY.
Now, NV irienus, with this picture, as l
think, so full Of hope tor the future Tor you,
and l. is an individual do not venture, with
confidence upon precictious OF prosperity re-
yiyin- ! have no spirit Of prophecy out rea-
soniny. Let US see how it stands Iae debt Is
A great burden upon labor aud capital IL Is
greatly diminished and is still diminishing.
Taxation is a great burden upon labor and capi-
tai. aud it is greatly diminished aud Is still di-
m:uisbing. So, too, to the expenses oi tue
Gov-run mt, and then with that which helps
us, sound currency coming, aud Immigration
coming, NAV | not confidently say that
rhese are indications, at least, that we are
marching to the Threshold OF reviving general
business prosperity. lGrrat applause And
now shall We look around for new way 10 pay
old debis or shall march in the paths !
marked out by the fathers, the paths oi hon
esty, of industry, of economy. shaI we 90 !
what Washington and Franklin would ad-
wise. that is the question before tue people TO-
a.. Nv friends | enter upon no argument Of /