US Presidency
1891

The value of such exports of merchandise for the twelve months ending September 30, 1891, was $ 923,091,136, while for the corresponding previous twelve months it was $ 860,177,115, an increase of $ 62,914,021, which is nearly three times the average annual increase of exports of merchandise for the preceding twenty years. This exceeds in amount and value the exports of merchandise during any year in the history of the Government. The increase in the value of exports of agricultural products during the year referred to over the corresponding twelve months of the prior year was $ 45,846,197, while the increase in the value of exports of manufactured products was $ 16,838,240. There is certainly nothing in the condition of trade, foreign or domestic, there is certainly nothing in the condition of our people of any class, to suggest that the existing tariff and revenue legislation bears oppressively upon the people or retards the commercial development of the nation.