New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-20
THE PREsIDENT,s RECEPTION.
lhE IhEnlOISNA . hEAGA AAON'
A LARGE PROCESSION TO The FAIR GRoUNDs-THE
IN ~ TIL

LARGE PROCESSION TO THE FAIR GRoUNDs-THE
NATIONAL GUARD REPRESENTED IN THE RANKS.
TOLEDO, Ohio, Sept. 10.--The Presi-
dent. with Mrs Hayes and Webb Hayes, arrived here
from Fremont morning. aud spending the day in
the city and in attendance at the State Fair After
luncheon az the Body House he proceeded under the
Of Mayor Jones and the reception committee and
the 18th Regiment, Ohio National Guard TO the fair
grounds where fully 5000 people assembled As
the head Of the procession entered the grounds,
| National salute fired by the 4th Battery. Ohio
National Guard President Hayes welcomed In
speeches by Mayor Jones and President Baumgardner,
or the TrState Fair Association, and in response spoke
| as follows
MY FRIENDS AND FELLow-CIrIzESs: The three States
Of Michigan, Indiana and Ohio, it is safe TO assume are
each numerousy represented IN the audience before me
These states fortunate in their history, in their
geography, their soil, III their climate and In their
people They are part and very important part OF
tue old Northwestern Terrtorythat beautiful region
northwest OF the River Ohio which given 10 the
United states by the State of Virginia in 1887 and
| ganicay devoted freedom and freemen forever.
| iAppauseI And now you have assembled to-day TO
show what the productions OF your FARMS your shops
and your minds have exhibit Naturally, address
ing audience assembled for such purpose ia mainly
turned TO the material interests OF this important part Of
| the United States and during the very few minutes
that II proper for detain you, propose to call
your attention only briefly to the subject Of material
interests Geographically the future fortunes OF these
three states alike and equally great They are in
temperate zone have good wording climate at all
sons OF the year work standing under and in
the that shines their land without injury and in
| the Winter they can work again. We are midway be-
great East and the great West. and
| midway between New-YOrk and Chicago and San Fran
cisco between London and China, is this
try that the OF the world must travel We are
fortunate In soil Every great valuable Of the
temperate zone can be successfully cultivated here.
he Of agTi-
culture Ia this here be successfully cultivated.
The wealth OF the mines have also; coal in album
dance sufficient to supply the whole land, and iron and
copper. say, my friends, that in material wealth
have all the essential elements And yet and yeti is
IN your tnoughts-I can almost read It In your faces
that iO five there has been stsgnaon IN bus
the few plain words that desire to say ON this subject
are, hrsl, word or TWO as 10 the cause.
THE CAUSE OF HARD TINES.
one simple, acknowledged fact opinion and known
TO most men, Is that the was the Of it. Now,
my friends that Is the OF that extraordinary and
remarkable event which happened IN 1873 There is
mystery IN It il bound TO be sooner or ater you
| could not escape This made the hard times
! war always does. Why, wnat Is Warf We know about
| II now. When tnat war began threatened with
us results. remember brilliant writer IN Cincinnati,
can't 20 TO The people OF Cincinnati liye on the
business i'm the South Let us go 10 war. aud IN six
Didi1 Why, my friends the war lad not beeh prose
cuted ninety days unti every man saw What mistake
that was aud that every street buster than before
We had million OF men Ia tue South were taken
from the ranks OF industry, and instead making prop
erty. they became the 0estruyers aud consumers OF
property. 50 i IN the NOrth-Dut where II made
difference from what expected this every
Who had wheat or corn or coal labor, found that
when came he had better customer Than ever be-
fore a customer that wanted all ne had got
ana wanted Immediately; customer
who would not haggle about the price.
That customer he had ia the person OF the United States
Business, instead OF being depressed began To revive.
Property had laid the SHELVES Of tue merchants
suit OF II then was that money fast; we made
terrst because investments profta-
blr radIng and last living the results OF the
men formerly In the ranks returned To their homes and
the material needs OF the Government began TO
| want to buy; it wantrd 10 sell. Now every wise
knew We should have day OF settlement Flush times
have lately known, and there Is the cause. Now my
friends II Is sufficient TO say that IL written the
| laws OF political economy mat wars are followed by
hard times aud panics. The only mystery IN the whOe
nng that the hard times did not come before they
BETTER TIMEs AHEAD.
Now we have got the cause; what is the efecti The
moment we began 10 Lave hard times we began to re-
trench; every man his expenses down and
tail his expenditures Each in little while began
10 find himself little better of than he was II may be
long tme-One year. two years, five years. hut when IL
does get the end aud the majority get their expenses
Cioycrnment Of United the people Of the
United States. When you are AL extravagant, the Gov
eminent will be eNtrayagant When you are all getting
10 witch yourselves watch each particular point You
set your officers 70 watching more parte@ s5
100000 our shoulders upon which we were
paying ESQ per cent interest Our taxes we're raised 10
nearly SjOO,OO0O 900 IN time OF profound peace. Our
! currency worth so or 20 cents on the dollar. In
800 100000 year. and now how are wet The debt is
! reduced nearly q thlrdl How many wise man shook
MS head the close OF the aud said "the people
can never pay mat debit Why, have got third Of
It paid of already The interest that You pad-that is
longer pay ESQ per cent interest We get all the
money want at per cent What does that mean for
| Nd z VIII
the Government pays per cent It VIII cost them II
Der cent tine rate interest VIII go down for US
and So the credit OF the Government grows better
your credit and uiine grows better We are down to
Der cent Interest," and TO the currency IL
currency worth 90 cents the dollar on one day. but
did not stick at that price. You never could tell on
! Monday what it would be Saturday. Who lose by
a tickle standard Of value Always the laborer and
| producer. Whyi Simply because the mddlemaD, being
business understands that the standard OF value
Likely to b go up .e ~ g e having reference 10
the the standard OF value may change and con-
The consumer the loss That is tickle standard
OF value. Applause.l
| SIGNS OF COMING PROSPERITY.
Now, nv friends, how do you 1t to-day The
rency has going up, up until il is 99s 1t Is as
ohangeabo 40 Lake Erie IL does not so down at ALL
II ia steady Il is no longer yardstick that Is foot
in March three feet in May and six feet In July; IL
! three feet all the time. Tremendous appsuse Now,
nv friends that Is the currency As to our balance OF
| trade-before the panic that balance OF trade was
| against us S100.0O00O0 year that is TO say, we
| bought abroad that much more than we sold abroad
How is IL to-day We are selling more produce than
ever before history more cora. more wheat. We
have even gone far 70 take watches made at Elgn
ILL.,, and made in New.Eugland, and carry them right
over Of the Alps where the people Lave been
making watches for 300 years, and sell the watches 10
those people Now. friends, as said before are
selling S207, 900, 900 year abroad more than we are
buying abroad. How does that 0perate As every man
who than be buys Ia getting rcb so IL IA with
the United You each OF YOU are getting out OF
the manic we all getting out OF the panic and moth
| ing but our own unwisdoin Will get US into IL
| TIE NEED OF THE HOUR.
| Again what do we wants We want confidence. Do
not encourage your Legislature yOar Congress 90