Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-09-15

cd To the blow and sank IN rum.
At this juncture a passenger train
passed on the q. & p. road, a few rods
distant, and the noise interrupted the
speaker. When it had passed into sill
enco no exclaimed in very sarcastic
tone, "Oh, business is very dull in this
valley"
The description OF a soap bubble, to
which the inflated state of all sorts Of
business prior to the crash was likened,
was very amusing, and provoked peals
of laughter. "When you and / were
little chaps, we used to take clay pipe
and bowl Of soap-suds, and dipping
the pipe in, we would give a little
puff, and a tiny bubble would APP
pear. Another, and il grew larger,
another and another, and it got bigger
and bigger, until it swung before us in
the air a brilliant balloon OF beauty, with
all the colors of the rainbow pictured in
its sides. We blew again, and it be-
came bigger yet, and the bigger it got
the thinner it got, until, with one final
puff, it burst, and nothing was LETT but
a drop of nasty soap and water" The
history of
THE PANIC or 1878
was that of the soap bubble repeated.
Various causes have been assigned Tor
it. Ewing, Thurman and Warner say
il was caused by the contraction OF the
currency. But assert that at the time
when the panic first struck us there was
more currency in circulation than at any
time in five years previous, and | stand
responsible 10 every man within reach
OF my voice for this statement. L chal-
lenge denial of it.
1t arose from the same causes as the
panic of 81.
THE CRAZE POR RAILROAD BUILDING
was largely instrumental in producing It..
In the fifty years following the construc-
ton Of the first mile of railroad In the
United States, $1,000 miles were built.
This was built To meet the wants OF
trade, and so was profitable as an IN
yestment. Ii induced other similar in
vestments, and in eight years as much
more was laid as had been in fifty years
proceeding. Railroads were built, the
receipts from the business Of which
would not pay for the grease used on
the axles. One railroad was projected
and partly completed, on 80 miles OF
which the business would not pay the
wages Of one brakeman. In building
these 5000 miles of railroad, $500, ,OOO,-
600 were expended. OF this, about $780,
100000 was pro6tably invested. The
other 500, ,000, 900 was virtually
BURIED IN THE GROUND.
This led to the OVERRIDING OF all
branches of industry depending upon
railroads. Coal, iron, and other COM
modities were produced in quantities
many times greater than could be con-
sumed in years. The result was only a
question OF time. One day one great firm
failed, and in its wake followed crash
after crash. Banks, merchants and
manufacturers all suffered alike. There
WAS no remedy but TO wait. Nothing
could cause return of prosperity but
PATIENCE, INDUSTRY AND ECONOMY,
and the dcmagogues who said other
wise only attempted to make votes out
of your misery and suffering.
These men denOunce the money
power" But we are all working for
money power" and we should have a
care lest we befOul the nest We one day
hope To occupy. Money power is
nothing but accumulated labor. There
is no road to wealth, no road 10 hOnOra-
BILE distinction OF any kind but that
steep, that narrow, that rugged way, 10.
which finger board points upon which
is indelibly written by the finger OF
Almighty God, "In the sweat OF thy
brow shalt thou eat thy bread"
The speaker next dwelt upon the OPP
pressiuns of the American colonies by
the mother country which led to the
Revolution, and said that the ninth bill
ever passed by Congress was one intro
duced by Madison and providing for
TIE Protection or AMERICAN INDus-
TRIES.
This had been followed by other laws
framed under the same policy, and as
result we now have in this country SOO,-
600 skilled laborerS, and the products OF
their hands are found in all the markets
OF the world American made watches
are sold under the shadow of the Alps;
American cutlery is found under the
caves of the ROgerses at Sheffield, and
American locomotives haul the popula-
tions of the globe. The protective tariff
has wrought this glorious work. The
Democratic party, as party, General
Garfield declares to be opposed To the
protection OF industry by the
ASSESSMENT or A TAX on IMPORTS.
As a member Of the Committee
on Ways and Means OF the
House no has fought hand to
hand against the free trade principles
Of the Democracy. The Wood Tariff
bill was referred 10, and denounced as
an iniIuity. Its author, Fernando
Wood, said il was "Only beginning,
and the Democracy passed it only to
show what they intended when they
possessed larger power. The speaker
himself had made a motion looking to
the destruction Of the bill. Every Re
publican member but one voted for the
motion. Every Democrat but few
from Pennsylvania, had voted to keep
the bill alive.
Gen. Garfield here showed DISPOSE
ton TO stop, but the audience objected.
In response to their calls. he remarked,
pointing his finger into the midst OF the
crowd, "I heard Welshman out there.
He then proceeded 10 administer free
doses Of what is colloquially known as
"tatfy" to the Welsh, OF which nation
ality .Etnayille is largely composed. He
referred in detail TO the record of the
Democratic party, as read by hlm,
winding up with what was intended to
be very graphic burlesque OF Tilden
and his movements, which created some
laughter. At the conclusion of his
speech he was continuously and repeat
edly applauded. Indeed, throughout
the assembly manifested Il degree OF en-
thusiasm
WORTHY or A BETTER CAUSE.
One prominent Republican from this
city who sat upon the platform was so
yociierOus in his marks of approval as
10 cause fears for the stability of the
structure, and its other occupants were
compelled TO request him to desist.
Cries OF
"UPDEGRAFFw UPDEGRAFF!"
brought out that gentleman, who eI-
claimed: Why, boys, don't know
what YOU would want fellow to
say! General Garfield has said every
thing" And he thereupOn proceeded
10 say the rest. He made one or two
-.,l 'v,o;yt, but II waS evidently not