The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1879-10-03

The following dispatch to the
Oregomidn, dated Cincinnati, Sept.
11th, gives some very plain and SEN
sible talk from the President. Presi-
dent Hayes, Gems. Sherman and
Sheridan, and Attorney General Dew
ems, visited the chamber OF commerce
.his noon, escorted by reception
committee. The president of the
chamber welcomed the president and
party in a short speech. In response,
President Hayes said:
FRIENDS: l am very glad to meet this
large assemblage of business men of Cincin-
natl. In the position which l hold it has
been my desire to try to do something to
bring it about that the government should
be administered upon business principles
and by business methods. | can see plain
ly, as you do, and as all my friendly and
unfriendly critics, my short comings and
failures, and perhaps l see them more clear
| ly than others do, but my steady purpose
has been to go forward in the right direc-
tion Though the movement has been slow,
still can say to my friends ill Cincinnati l
have honestly tried to keep my face in the
|
in the northwestern states. This month l
propose to do little visiting for recreation
and health in the western states. A year
ago found people gloomy and Respondent.
There were few who were hopeful, and very
few who were confident of speedy coming
better times. 1t seemed to me last year
that under these circumstances the most
good could be done by saying cheering, en-
couraging and hopeful things that what
ever differences of opinion there might be
as to legislation looking to the resumption
of specie payment, the wise thing. as we
were situated, was to let well enough alone.
1t seemed to be wise to stop legislating ard
quit tampering with currency; to let the
business of yesterday have fair chance with
the great resources which the country pos
sesses, and that with their boupdless ener-
gy, American business men could work out
their own salvation. Fortunately the coun-
try accepted that general view. Specie
payments have come and good times are
coming with them. Coming west again,
what is the thing to be said to-day. 1t
seems to me that dose of the same medi-
cine which brought better times should be
given to prolong better times, and to put as
far away as possible the inevitable period
when hard times come again. A prominent
English writer on English economy says
there is a regular periodicity in the recur-
renee of hard times that in England they
return in about 10 years, and in this coun-
try once in about 20 years. The desirable
thing is to keep good times as long as possi-
BILE, and when under these inevitable laws
hard times must come, to have calamity
bear as lightly upon as possible. To this
end it seems to me the very plain and wise
maxims of DR.. Franklin should be applied.
Where debts are least and where they are
4ba 10, cpread and 1ybara thern 10 th 1pae at
over production, there they will feel hard
times the least. think that this has been
Eexemplifed in the history of Cincinnati in
the last four years depression. While every
city in the country has suffered more or less,
and some of them very severely, Cincin-
natl, with its steady going business men,
has felt it less than any other city in the
country. Let us so far as may be, in public
and in private affairs, be diligent to see to
it that when hard times do come we are not
weighted by debts. I think you for you,
| kind reception.