During Rutherford B. Hayes's administration the economy turned around (following the Panic of 1873). President Hayes wrote in his diary-- "I can say in truth-- I left this great country prosperous and happy and the party of my choice strong, victorious, and united. In serving the country I served the party."
When the City of Fort Worth was incorporated in 1873, its future hung on the arrival of the Texas and Pacific Railroad, then being built west from Dallas. In September, the financial Panic of 1873 set off a nationwide depression and brought construction on the T & P to a halt at Eagle Ford -- 30 miles east of the city.