The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-09-12
BUSINESS SPEECH.
President Hayes Talks to the Cincinnati
Chamber of Commerce.

Chamber Of Commerce.
CINCINNATI, September 11.-President
Hayes, Generals Sherman and Sheridan
and Attorney General Deyens visited the
Chamber Of Commerce this noon escorted
by committee, and the President of the
Chamber welcomed the party in short
speech. In response President Hayes
said:
FRIENps-I am very glad to meet this
large assemblage OF business men OF Gin
cinnah. AS business men you do not
want your time wasted, and it happens
that the committee which has charge OF
me is composed of business men, and they
have marked out our visit in such way
that must act on business principles and
business methods. In the position which
hold 1t has been my desire to do some.
thing to bring about that condition when
the government should be administered
upon business principles and by busi-
ness methods. can see US plainly
as you do, and as all my friendly and un.
friendly critics do, my shortcomings and
failures and perhaps / see more clearly
than others do, but my steady purpose
has been TO go forward. Though tho
movement has been slow still can say
to my friends in Cincinnati have honest.
ly kept my face in the right direction.
Applause. One year ago | took q trip
in the northwest. This time propose to
do little visiting for my health in the
Western States. Last year found the
people gloomy and respondent. There
were few hopeful and very few confident
OF becoming happy. l told them they
woul come out all right and to let the
business Of the country alone.
With the great resources which the
country possessed, and with its boundless
energy. American business men can best
work out their own salvation. Fortunate.
lythey adopted that general view. The bus
iness men OF the country discouraged fur
ther legislation on the subject Of currency,
and we are where we are. Specie pay.
ments have come, and good times are COM
ing with them to the West again. What
Is the thing to be said to-day. 1t seems TO
me that dozen OF the same medicine
which brought better times, should be
given to prolong such times, and
TO put as far away as possible that
inevitable period when hard times shall
come again. A prominent English writer
on political economy has stated that there
is a regular periodicity in the recurrence
Of hard times, that in England they re-
turn in about every ten years, and in this
country once in about twenty years. The
desirable thing is to keep good times as
long as possible, and when under these
inevitable laws hard times must come,
to have the calamity bear as lightly on US
as possible. Well now, 10 this end, it
seems 70 me the very wise maxims Of Dr..
franklin should be applied, where
the debts are least and where they are
the most spread out, and where Is the
least overproduction, there they will feel
hard times the least. I think this has
been exemplifed in history. Let us SO
far as we may, in public and private al.
fairs, be diligent to see toitthat when hard
times do come we are not hampered by
debts. But l am departing from business
principles and am making a speech. /
thank you for your kind reception.
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