PRINTING MACHINERY,

and especially as applied to the printing of newspapers. In 1831, we
had the steam press sending out a few hundred copies in an hour, and
doing that upon detached sheets, and thus many hours were required for
an edition of some thousands. The only way of expediting the matter
would have been to have recomposed the paper, involving, however,
double labor to the compositors, and a double chance of error. At the
present day, we have, by the Walter press, the paper printed on a
continuous sheet at a rate per hour at least three times as great as
that of the presses of 1831, and, by the aid of _papier máché_ moulds,
within five minutes from the starting of the first press, a second
press can be got to work from the stereotype plates, and a third one
in the next five minutes; and thus the wisdom of our senators, which
has been delivered as late as three o'clock in the morning, is able to
be transmitted by the newspaper train leaving Euston at 5:15 A.M.

This is the last matter with which I shall trouble the Section. I have
purposely omitted telegraphy; I have purposely omitted artillery,
textile fabrics, and the milling and preparation of grain. These and
other matters I have omitted for several reasons. Some I have omitted
because I was incompetent to speak upon them, others because of the
want of time, and others because they more properly belong to Section
A.

I hope, sir, although your address, dealing with the future, was
undoubtedly the right address for a president to deliver, and although
it is equally right that we should not content ourselves with merely
looking back in a "rest and be thankful" spirit at the various