The New York herald., 1868-01-08

cincinnati l6O, 763,OOO Buffalo. 6l 783, 900
Ban Traneisco isi 22SoOo Charleston. sS,s1toOo
Providence. 7S,904, 600 Newark ...... a3o6, 600
people can. Il is bssvsd, bs Obtained By noting the
rise or fall In tho consumption Of certain articles
which cannot be a belonging wholly TO the
catalogue OF necssstes-such tea coffee and sugar.
we now apply this standard to the present condition
dscourasiuS Thus, he eousumpoa Of coffee 1or .h:
eleven months ending November 90 1897. Indicated
by the dstreasion from the Ave principal Atlantic
ports was l8,028064 pounds compared with
7s2 2os pounds for the corresponding period Of 1865
and IL ole pounds for that OF 1885, while the
age monthly consumption OF imported sugars Tor the
year 1857, deduced from the same data. has been
7,08S $50 pounds, compared a monthly average
Onisling any reference in detail 70 marked in.
the number Of houses dsring ast
shsn IN any former yess Of our national ..s.sucso
20 the increase In the manufacture OF agricultural mpe
sps sSss '00 @ e, ss ss.as an., and
tralion, drawn from domestic sources Of the financial
strength OF the country. As has been already shown,
Tor the redemption OF the public debt and for interest,"
attained during tho i've years from 1861 1869
saordnary average OF over seven hondred and twelve
million OF dollars per annum TO which also-be
ded the great during tho period Of
and local expenditures Now while BY FAR the largest
portion OF the money represented BY this expenditure
was borrowed, u must nsverthetsss be borne In mind
shat average annual money for the years
OF the labor annually furnished the govern
mont in the form Of commodies or services rendered
in the army or navy for the war, tee main.
conducted BY OF the services OF the soldiers
dered Al the time, and By OF the food clothing
and material Of RAISED made during the period Of
hostilties, and for which money acknowledgment
Of Indebtedness given. II therefore ap-
commodities were continually Withdrawn from the
productive employments OF peace TO the dessructiv
productive diversion was in excess OF seven hundr cd
and twelve millions per and yet during
as o AZ me ps. aIS
eion OF substantial wealth. Tnus the aggregate OF the
Northern crops measured in bulk quantity and not
IN money did not decreas but increased tue Of
territory placed under cultivation continually
larged; railroads continued TO bs built mines to 10
opened aad mills, stores and dwellings 70 be erected
But hosties have ceased and peace has returned
and with such change in the condition OF affairs this
II . portion Of the country could contribute
Of iu surplus labor and capital an annual
.oses viii NO, 3. easp Tor 'V sne wSoe eoupSg
with its labor and capital restored TO productive
employ TO contribute IS 10 per capita for the
Day of interest," expenses and the reduction OF the
debtf And yet the payment Of this sum will meet at
present annual expenditure of hundred and forty
mil lions OF ordinary expenses, enc hundred and thirty
millions for interest and fifty millions for the reduction
OF the principal Of the debt and OF per
capita taxation DO continued for the future, will
finguish the entire principal OF the less than
swenty years, II shall become necessary add
20 the above estimate OF hundred and forty millions
for Ordinary expenses equal TO 81 per head the
average annual increase OF population, which
che United siaes by the year 1854 to nearly sixty
millions 100 600, 0Ool. Furthermore, this proposed
rate OF IS Is per capita, which is only about three
fourths OF The rate Of taxation paid in 1885, alter
ducng the rate of that year TO gold, b. obtained
without recourse 10 Of tue internal taxes which
seraily impede production as will be elsewhere demon
strstsd and as all past shows that the wealth
Of this country increases In q muca more rapid ratio
than population the burden OF the uniform rate OF IS "a
Per capita become annually less aud less onerous
But Notwithstanding this exhibit, there many per-
sons both in public and private stations who either In
simulated by their own apprenensions mscd by their
lack OF Information consider IL to be their present
mission 20 magnify the burden OF ths national, state
lC~ul hah nf nd Ia lirl tna
ton inability 70 either carry or sSnnguish them
hs data presented sufficiently proves, however that
4sr the material strength aud development OF the
country concerned, these gloomy anticpaons have
little foundaton and In respect to the largest ab
debt OF any Of the states, vz that OF New
York, which has recently been discussed in official
report such tends ~ create dissrus aud
smpsir credit the Commissioner would call attention
fact tina. the estimated present average annual
Of the apples alone sent 10 market from eight of tho
sixty counties OF that state VIZ four and haf 70 ase
entire debt and add about two millions annually TO the
sinking fund or In otner words, " all other forms OF
industry production the state OF New YORK should
cease to contribute the State debt but the apple
the esht counties referred TO should coptnus 10
and produce their annual product " devoted 70 this
purpose through the patriotism OF their owners would
An less than years tnguish the whole debt, In
Guiding The present unlquida.ed cost tsiSooo0oo Of
Tus rxrrrc ooSxsRcAI DEPRESSION.
In presenting . picture so full of encouragement In
respect 70 our financial and Industrial future the Com
missioner does mot need to be reminded OF tho de-
pressed condition OF commercial mercanils and indus
y
prove that much OF what has Of late both
foresssn and predicted An analysis Of the causes.
Immediate and direct which have led 70 this do.
prssson will, however, show that they In small
degree general and not local, In Their character; con-
ansd one country, and the result OF natural and
not unexpected reaction from period OF bigh prices
rpscula n and production In faot the people "
sas United states have great Of that
the wave Of commsroiAf depression which, since the
termination OF their war; has swept the commsr.
81 centres Of the whos civilized world hss brought 20
Ns OF disaster % thek interests nssmueh as there
knt duv n
M industry In not greater the failures Numerous
nd tns prospect Of early return OF commercial pros
psrily and activity less encouraging than 10 the United
ktates
I In bis previous rsport the Commissioner ss the
fssult of carefully instituted and conducted in
hurry led 70 refer the abnormal and unsats-
factory condition Of the producing Interests OF
he country mainly 70 three agencies, via. -
scscty Of skilled labor, sn iIrsdsemaoio paper