The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-09-25

At the close oil MT. hlCkeIAOH tpeeCll,
the President arose and replied as follows:
FELLOW. CtTIzExs: Perhaps | should say
OF Pennsylvania that during the last three
weeks l have had most agreeable tour
through the States OF the northwest 9
tour OF instruction and information, and
vet can truly say to the people at; Pitts
burvh that no part OF that period was
more agreeable, and, Us | think, more
protitubly spent than the lew hours that !
have been permitted to remain in tho city
OF Pittsburgh. (Cheers) Necessarily |
have seen but very small part ot-wlIat
Won have to exhibit. & hasty run
through your Exposition; a rapid visit,
during Il few hours OF the forenoon,
TO the various furnaces and factories
and the pasSagc from the hotel TO this
pOint, these are the sums OF lny llYaIl'
iaycs in seeking to know what Pittsburgh
il. You are one oitlie great manufacturing
cities, one Of the great workshops ofIthe
world. Now my friends discover here,
We are informed here, That coal md iron
and glass and steel and petroleum, are
the great interests Of this city, rs they
are great and important interests oi
the whole country, and ! pause to inquire
what is their condition. In letter writ
ten to inc by agent Lemon, desiring to
endorse the invitation of the Exp"si'
tion Society and. Of the city Govern
ment, there was this passage, OF
these passages: Eve are u working
people and our city las been unusually
afflicted by the panic. Business has been
depressed, hut now seems to revive stcat
Inv, Your presence would do good., Al
narts of that, cxcepttlIp last, am satisfied
Il II fair and truthful picture OF the eondl
tion of things in Pittsburgh. Manufacture
inc communities thus always suiter more
from the stagnation Of business that fol
lows a iina ucIal panic than either coliliner
cial communities or agriculture! communt
tics. Wealth, the supertluous wealth, the
accumulated wealth OF manufacturing
city Is not 10 widely and generally dis
tributcd Is in an agricultural community
When men are thrown outot work ny tht
hard times that follow tinGncia! panic, al
most Immediately some suffering begins
The Lack of comforts that are earned by thI
daily labor il felt by large portion
OF the community. And the wealthy mer
Of manufacturing cities, what Is thell
condition? They have immense proper
perties upon their hands no Longer, prof
table. They are losing not merely the N
terrst Of their Investment, but the proper
tv itself is going To decay unless larH'
sums are expended in keeping the WORK
running at loss; 20 that, as Saih sup
pose il TO be true that manufacturing com
munities like Pittsburgh suffer more thaI
either commercial or agricultural com
munities in u time like this, But NOR
than that, my friends, | suppose tina
the returning tide OF good times come
more tartlidy to manufacturing commu
nity than either TO IN agricultural or
commercial community. Let us see IN
order OF prccedents for moment, wheI
hard times come the farmers who hav
bnnched out perhaps too muchi haH
built little cxtravagantly; have borrowe'
money to buy more land have becom
indebted in any way, they at trst beg
IN retrcnch and economist; They suttc
lint little; they still can maintain then
selyes upon their farms, and gradually
Onol times are approaching the
sre the tirst to feel the benefit OF return
. ing prosperity. They pay Oft their debt!
thev economize, they prepare for trOuDl
that is upon them, and good crops an
/ inir prices soon lead them on, so that the
begin i. n asain 10 purchase freely from ii
MERCHANTS; and now begins the era
prosperity and transportation to the rai
Tnads. 10 water transportation and to d
p merchants; and now ut the East, after Il
/ merchants and after the farmers, cont
the demand OF transportation for mo-
r iron for the railroads and 4
!. the rolling stock, and gradually
!. reaches you, but 1t reaches yt