Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1879-10-16

weeks to the West and Northwest, / thought
It might be useful TO speak of
THE FINANCIAL CONDITION or THE COUNTRY.
and to present a hopeful view of the situation
and prospects The business de preston which
followed the panic of 1873 had then lasted five
years; but there were indications Of improve
ment, and IL seemed to me that that was most
needed was confidence, and that presen tation
of encouraging facts and figures would tend to
inspire confidence. It was my opinion also
that there could be no permanent revival III
business prosperity until the currency was
placed upon sound basis and was exchange
able at its par value in the universal ly-recOg-
nized money of the world. The friends of the
constitutional currency generally believed that
TINS end could only be reached by the faithful
execution of the Resumption Act that there
was no need of further legislation and that the
true policy was to stop tinkering with the cur
rency. Accordingly the pith of W hat | wished
TO say last year TO audiences like this was, that
we ought TO "let well enough alOnep Now
the resumption of specie payment has come,
and with it haye come also better times.
The evidences of good times are numerous,
palpable and cheering. One bright day in June
last, more steamers-more shipping of all sorts
gathered in New York harbor than was ever
before seen in that great mart of commerce,
ana their tonnage was in greater excess COM
pantively than the number of vessels. The
lines OF the Pennsylvania Railroad east of Pitts
Durgh and Erie, for the FIRST seven months of
TINS year, as compared with the same period
In 1915, show an increase of gross earnings of
Sl,20o 294, an increase of expenses of S759,9S5,
anu an increase of net earnings of $4fS 800 the
lines of the Philadelphia and Reading Railroad
(the great anthracite coal road) a net increase
OF sl,34O00O for the same period The latest
published statement of the Erie Railway Com
pany shows net Increase of 1861 600. The Bal
timore and Ohio Railroa, Company shows a net
increase of S532, 600 for the first ten months of
It's current fiscal year beginning In October last
IL Is estimated that more Ian thousand miles
Of railroad track have already been laid this
year in the United States-a greater mileage
than in the same period in any year since 1878
workers in iron and steel find their
BUSINESS RECOVERING so RAPIDLY
from its great depres sion, that they are unable
20 ~ their orders, and their annual production
is likely soon to surpass the highest figures ever
reached. The building of iron steamships in
successful competition with Europe is fully
established on the Delaware. Our Co ton fac
tories are again all at Work and running on full
time Our mines of precious metals are in
creasing their product, and it mainly stays at
nome. Our manufactures go abroad more than
ever Def re our currency is exehangeabe at
par in the markets of the world with the money
OF the world and, finally. and most important,
the demand for labor has increased and is in
ereasing. 1t extends to cotton mills, iron and
glass works, machine shops brick making.
building the clothing trade, aud nearly all
branches of industry. The philadelphia
Record, . on the authority of a we'll known sta
tlclan, states that there are twenty thousand
more laborers employed in that city than there
were year ago. Our exports for the year
1913 amounted to s7l0,439 al, and the excess
OF ports over imports was 1924 66i ,66l, both
sums being greater than in any previous year.
The following table shows the rapid advance
our FARMER and manufacturers are making in
supplying both the foreign and the home mar
kets They were prepared by Mr.. Joseph
Nlmmo, Jr., the able chief of the Bureau of
STATISTICS of the Treasury Department
DOMESTIC EXPORTS
Values of the principal commodities of do
mestic production, the expectation of which
greatly increased from June 30, 1868, to June
80, 1879