The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-09-06


or a average OF over Sl10 00o. 900 year.
A NC have already seen, tho balance OF trade 10
SASS 49, 539 average Of more than $780, 100000
q year Tho balance OF trade tho last ycar, II COM
shows gain In favor oil tho United States In one year
Of over s40o. o o. 900.
II Is necessary that should dwell upon tue I'm.
portance Of this favorable state Of tho balance oil
trade. Balances must be settled in cash-in the
money OF tho woris. The enterprises OF our business
reach Quito aii parts OF the world Our agricui-
tursl and nactureo products more aud more seek
and ind thor market IL foreign conntrcS the com
mercs of all parts or Tie wofd, Bound together more
than ever before BY steamships, railroads and tclc
graphs, Ia connected that must be conducted on
thc>sane principles and by the same INSTRUMENTAL
lies by nil who take part in H.
We cannot " We would, We should not II We could,
iso.te ourselves from the rest Of tho commercA,
world. In nil our measures for the Improvement oil
our financial condition we should remember That our
increasing trade with South America and with the Old
World requires that our financial system shall DO
based on principles whose soundness wisdom arc
sanctioned BY the universal experiences and tue gen-
srai judgment oil all mankind with dininsned ana
still DIMINISHING psb,c burdens OF debt, expendi-
lures aud interest," with an improved conditien OF
currency and foreign trade We may we'll hope that
we are inc threshold OF better times But We
m st not forget that the surest foundation OF re-
s,orcd financial prosperity Is SQUAD CONSTITUTIONS
currency and unstAincd national credit.
TBE WESTWARD MOVEMENT
There 10 another interesting subjsct that 10 worm
giving attention to ana think, Is oncourarng aud
Toll Of hope. Tho surplus populations OF the Atlantic
slope OF States are ndlng their way as they never
al done 10 lore sttcs ard Territories at
means relief 10 tho Eat Tho surplus population
that goes on gives better opportunity for employ.
meat OF labot and industry there and here, ana
IN the new states they are making their
homes and they are furnishing them a market LOT
the supplies from the old States. But II has moro
than double advantage there sre three advsntagea
IL relieves the States u furnishes market 10 thc oo
states and with their products IN the new states tney
help to swell the tide OF exports TO the old countries
That Is what this change OF popua'fon means.
You know much more about u IMAM 90.
You have lived here and seen IT. To-day. in CONVEX
tayop with very young eentisman, Governor Ham,
ssy, OF Acknowledged laughter and applause
thought some OF the people would be pleased 10 near
me call him go young tLsugbter.) He rcmembers
about thirty years ago when IN this whole territory
Of Minnesota and Dakota, thoy managed by counting
up hall breeds and ali Of good counting TO make
IN the census 500 people, tlaugher) In this town
OF st. Paul they perhaps had one hundred ana nifty a.
habitaass; down at NJ nneapolis perhaps nftJ. The
| precise number Ia Minnesota do not know, and
now, " yeu arc not millon you soon Will be. ZAP
| plausc.) Ana ST. Paul--well ! emit venture upon
| that | am a li,te AFRAID, but the truth 10, my
trends that ST. Paul and the neghboring nourishI ms
| city vi Minneapolis, Whatever yoD may. thirk, arr
one In interest," one 10 the future, great city n
spilc OF presest difficulties. Great aud proIon geo
| applsuse) They laughed al mo q little, you know
/ "a beng disposed 10 conciliae. Great laughter.
| may DO mistaken. bat snink ton yoArs VIII snow