Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-09-19
PRESIDENTIAL JAUNT.
HAYES AND PARTY At DETROIT
Warmly Greeted by Large Crowd Of PeO-
ple--The Presidents Address, Touching
on the Business Boom, National,
State and Municipal Debts.

State and Municipal Debts.
DETROIT, September lS.-ln accord
ance with the programme announced
the Citizens Committee proceeded down
the river to Grass Isle this morning, at
which place the Presidential party was
met. Mayor Langdon welcomed the
party in an address which was respond
ed to by the President. Gen. Sherman
also made a short address. At the land
ing several thousand psople were as
sembled who warmly greeted the Presi-
dent and party. The party were then
conducted to carriages in waiting to
Ex-Governor Baldwin's mansion where
they breakiaSted, and where the reception
TO the army officers OF this Post and cit
liens was held at 1850. The entire
party assembled, and at II o'clock the
procession was formed and started for
the Fair Grounds, at which place the
party arrived at 1910 Z. NJ, and were
received by Vim. L. Miller, President OF
the State Agricultural Society. The
party were escorted TO the pavilion IN
the centre of the grounds, where the
President was formally welcomed by
Mr.. WILDER, and he was then introduced
20 the multitude and made an extended
address.
The Presidents Address
-CnIzENs-A year ago, max
ing visit of two or three weeks TO the
West and Northwest, l thought it might
be useful to speak OF the financial con-
dition Of the country, and to present a
hopeful view OF the situation and pros
poets. The business depression which
followed the panic Of 1873 had then
lasted five years; but there were indica-
tons Of improvement, and it seemed 10
me that what was most needed was
confidence, and that q presentation Of
encouraging facts and figures would
tend to inspire confidence. Ii was my
opinion, also, that there could be no
permanent revival OF business prosper
itv until the currency was placed upon
a sound basis, and was exchange
able at its par value IN the unl-
yersallv recognized money Of the world.
The friends Of the constitutional cur
rencv generally believed that this end
could only be reached by the faithful eN-
ecutiOn of the Resumption Act; that
II 80 1a.rfL
AMI that the true policy was 10 stop
tinkering with the currency. Accon-
inglv, the pith OF what | wished 20 say
las. year to audiences like this was, that
We ought tO "lct well enough alone
Now the resumption Of specie payments
has come, and with it have come better
times.
BUSINESS PROSPERITY.
The evidences Of good times are nu-
merous, palpable and cheering. one
bright day in June last, more steamers
more shipping of all sOrts-gathcrcd
in New York harbor than was ever be-
fore seen in that great mart ot commerce
and their tonnage was Iu greater excess
comparatively than ;he number ot YES
sels. The lines oi the Pennsylvania
Railroad east of Pittsburgh and Erie,
for the first seven months ui this year,
AS compared with the same period IN
1875. show an increase Of gross earnings
OF 81 POS, ,2S4, AMI increase OF expenses
of S15g. .gS5. and an increase IN net earn
ings of Si4S.3J9; the lines OF the ihlia-
delphia and Reading Railroad tthe
great anthracite coal road net IN
crease of 81 $40 eco for the same period.
rnr tf the
Erie Railway Company shows net IN
crease Of S532,OOO for the first ten
months OF its current fiscal year, begin
ming i'm October last. Ii Is estimated
that more than thousand miles of rail- |
road track have already been lad this |
wear i'm the United States--a greater |
mileage than in the same period m any !
year since 1873. Workers I'M iron aud |
steel find their business recovering 50 |
rapidly from It's great depression, that |
they are unable % till their orders, ami |
their annual production - likely soon |
10 surpass the highest figures ever |
reached The building oi iron steam |
ships i'm successful competition with |
Europe * iully established on the Della /
ware. oar cotton factories are again all /
at work, and running on full time. our |
mines OF precious uleldt~ tdc uNIC1N'H- |
their product, and It mainly stays at /
home. Our manufactures % abroad /
more than ever before; our currency Is .
exchangeable at par in the markets OF !
the world with the money of the worli; |
and, finally, and most important, the lie |
maud for labor has Increased amt Is m F..
crraSing. It extends to cotton mills, IRON /
and glass works, machine shops, brick |
making. building. the clothing trade, |
and nearly all branches of industry. The .
Philadelphia Rsr1ri on the authority OF /
a weIl-knOwn Statisticidn, states that /
there are twenty thousand more labor |
ers employed i'm that city than there I.
were wear ago. OIr exports for the |.
wear 1873 amounted 10 S7lO, 40, al, and /
the excess OF exports over imports WAS /
S264, ,66l COL, both sums being greater |
than in any previous year
The following tables show the rapid .
advance our farmers and manufacturers
are making in supplying both the Tor
eign and the home markets. They .
were prepared bv Mr.. Joseph Nlmmo, .
Jr.. the able chief Of the Bureau OF sta
tistics Of the Treasury Department.