PRESIDENTIAL MIDWESTERN TOUR, CINCINNATI INDUSTRIAL EXPOSITION
September 10, 1879
Mr. President –
The Seventh Cincinnati Industrial Exposition is held at a most auspicious period in the commercial history of our country. The great business depression, which followed the financial crisis of 1873 embarrassment and bankruptcy, has at last been succeeded by a revival of prosperity, which is surely and rapidly extending to every branch of useful industry, with all values measured and made steadier by a currency, which is worth its face in the markets of the world; with business no longer perplexed and crippled by an uncertain fluctuating standard; with credit, which according to Daniel Webster is “the vital air of modern commerce,” upon a sound and stable basis; with restored hopefulness and confidence, shared alike by the capitalist, by the businessman and the laborer; with agricultural crops abundant and readily saleable at fair prices; with our manufactures seeking and finding a market in foreign countries to an extent never known before; with our National burdens of debt and taxation becoming every year less difficult to manage and carry; with our country maintaining honorable and peaceable relations with all mankind; the merchants, the manufacturers and the workingmen of Cincinnati may well be congratulated that at such a time their countrymen have assembled from far and near to enjoy and be instructed by this great Exhibition. We thank you for the invitation which we in such countless numbered have accepted; for your hospitality and for your welcome to Cincinnati, a city which, standing as it does nearer than any other freat city to the center of population of the United States, may be rightfully called the “Central City of America.