Eleven years ago came the papermoney panic and the depression which continued till the resumption of specie payments in 1879. Then trade began to revive. In 1880 the pendulum swung back. and about the middle of 1881 the country reached the highest point of business prosperity. but during the year 1882 and 1883 the depression in commercial. financial. and manufacturing business steadily increased. Imports decreased. and so did immigration. Production has now in 1884 overtaken consumption. trade languishes. the least favored mills begin to show signs of distresshence lower wages. And is it at such a time as this that Congress will refuse to reduce unnecessary taxes?
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immigration