Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1879-08-07

Smith and Thomas Tooke, aud is fully yer
ited by the rate of interest before the panit
aud since resumption. Private debts ar,
now being rapidly reduced from 10 To {
and even to per cent.
The State of New York has. BY law, re.
duced the rate OF interest tn that State from
/! 10 8 per cent. The city of Providence
sold I IL per cent. bonds at above par
The State OF Pennsylvania sold 81. .0O0, 900
per cent. bonds az above par. The city
OF New York sold per cent. bridge-bonds
al los 16. Five million dollars of Denver
and Rio Grande Railway Company per
cent. bonds were subscribed Ia two hours
the first time for years that money has
been pledged for building railroad All
| securities haze advanced since January
at the average rate of 10 per cent. Mort
cages at from to 10 per cent. are ,iaiIy
being reduced 10 from 6 10 s per cent.
Capital Is again scekin. investment In any
safe securities that offer.
With the first decided preparations for
resumption there came slowly q revival oi
business; with the success OF resumption,
that revival is marked la nearly every
branch OF Industry.
do not propose 10 weary you with a
mass OF statistics, but Will only state the
general results with regard TO few lead
ing branches OF American industry.
The Increase OF our exports Of domestic
merchandise, since the period OF the panic
il without example In our history. In the
year ending June 30, 1873. the amount of
our exports was s505 ,033 40. In the year
ending June l. 1872 the amount of our ex-
ports was s699. SIS. .933. In the dve years
! preceding the panic our exports were 81 =
| 0l3. .103. .6IS; and durlnz the past five years
they were 81 800, l97 ,65a
/ The mot ifuparf4 pf raAHtautliz faNraala.t
from s63i i,ss7.7aT during the year 1878 TO
| si22 ,596, ,o3t Ia ISIS, or 81 per ceat; where
as the value Of our exports OF merchandise.
! representing mainly our agricultural aud
manufacturing products. Increased from
sos 03S ,is9 10 1873, TO $3.50 700 26S in 1875,
/ or 3j per cent
/ IL may b. stated generally that the inter
| nal commerce Of the country shows grad
| ual Increase OF traffic since 1873 the ian
| provemcnt during the last year having
been more rapid than during any preceding
! year since 1873. The tonnage OF the great
\ railroad, from the East 10 the West the
mos, important hghways Of commerce In
/ this country. shows an Increase since 1873
I OF u IL per cent. The production of
! wheat and cora. the two leading cereal pro-
| ducts ot the country, which constitute the
| principal part Of oar exports OF brcad,tufs
indicates during the last year large in
| crease over the production OF 1873. The
| production OF corn Ia 1873. was 134 90. 900
| bushels ia ISIS, about i.55) 900 Oou. Pro-
I juctlon OF wheat 10 1873, PSI UuJ. .UJ0; Ia
( l-s~, about ~ 90 OD0
The cotton crop ot tho Cu.t"i States.
during the year ISIS. wI> larger than auy
| previous crop 10 lie history of the country.
Oar cXpnr's OF COTTON increased from H.
200 .O01DOO pounds ia 1873, to COS 900 300
pounds IN 1878
The quantity "i wool produced incrcuy-
ed from los 900 ObD la 1913. to 2O1 .OOu,OUo.
iu ISIS. rhc total amoun: which went into
consumption. tue.ud,aG domestic Produa-
lion aud Import, representing tuc manu-
facturc of wooI!en goods IN the United
States. lncreA-e.i from 2i6, ,OpO o0o pounds
10 1873 to 2i9 ooo.O0O poutds ~ ISIS.
Even our shipping Interests. engaged iu
foreign tCadr-lhe industry most depressed
show some signs Of hopciu'ue-s Ship,
and bArA- are the classes OF saiiiHg-ye=-el-
principally employed in foreign trade The
average number of vessels ol these Two
classes bulIl duriu. each Of the years So
10 l-5-. inclusive. was 3iS, but during the
year ISL the number Was only 30: In 1872
. only -, aud Ia 1873, only Is Since that
time, however, there la, been consider
able Improvement, The average number
'"''N ''''' - -" - ~'' 'N'@ '''V tNStN
being litiIc more than 81
The total tonnage .i American vessels
engaged To lorei-a tranic, which, a. have
already stated, fell from 337J 800 tons iu
1850, to ! ,31s 533 tons To 1878, has s.ace
that time increased to l.5sJ, ,34S tons ~
ISIS.
ahoihcl i"uicalioH OF increased business
!. Het'ed iF"W a statement OF the eN-
changes A. 'ue twenty l"o clearing houses
~ the ch'e4 rA'e' Ia thc nIoh' IRON when
y appears that TOT the urst i've months OF
the year ehd'og June - lS'o, the amount
oI exchahRes "a tho'e c''ies was sli 30
~, -" a.n NJ, ~, ''','o pe'.o,i n - II
OF eO.2 pcr cent. th.s wear.
| nigh, extend thi. statistical lufprna-
lion 10 almost every department Of Indus-
try or business. buI II /. scarcely worth
Will. b.cau.,. III. General coururrtp.,. ..n-
riment of the vhol. nnh,ic I. mar lvl,i,r
~, hay, n,r Vet r.cnv.rat f,n,, tb. ian,
yuor Of tn. p,nic of Is-3 vet. uod,r M. in
.pirinu intli.nc,. nf .n,cis n,ym.uts III.
worst i pas. and we .ra ,'nw I,nurov I,,f.
in every branch of industry. lam nor fool
In en,uyh 10 atfrihute ali th.s. sIpps Ia
La act or rr.nnntinn N dnnhr il i.
LARGELY du. 10 Ii. hahits of thriit .cnt
NV ,Ed ministry which necassar,I, ,,il...
Ell the drprrs.ion of bns}ness l5ro.n. =,
the mtpr,tlon of neou,le tbrnyp ont of en-
nlovment who h.v. found homes In tho
Wesr bpt mainly 10 The. rrcnnaratjye en-.
giles Of A yigornEs inJustrions and actira
peonle What 1 wish IN proveis thar re
.unni,on the r-.tn,ation of onr crrre,c,.
10 the coin standard. contrlbutel n, lb4s..
h,.npncizI re.ult. ami il h.liad ,lT,h. f,Isa
proub.cie. mad. a. toi,. ,F.cr
have thu. stated my view or III, suc-
ce-.f,,l ey.ct,ti,n ,f,L.,,oIicr N ra.,,,,,,-
ripu ,nl az H., ban-tIciai r..nlt. H. m. r.
a, orion ~ iot,,.., ~, mo nn,,l,,. dat,, ,,d
the general ituuTUyFulput of I'm .ins,,
OPPONENTS To RESUMPTION.
III a. ,h. s,,an,6a oa.,
PiaibLs VI our eIio"-citIZths "ho nave Deeii
tho .ntir. aaa,ct.l ,,ttc,, 9Th pa,,,tI
eau PaIV.
~ Mhas 10 'nes eolhPiaIht
rns' t'es saIu ie1u'ni' "ouiu ct'h-
t'ac' lue currency 'ha' "e "oulu nave
4