Savannah morning news. [volume] (Savannah) 1868-1887, 1882-01-21
The Prosperous Condition Of the
Country.

Country.
a Northern exchange has gone to con-
siderable labor to collect statistics to
prove that those who are so nervously
talking about an early panic in this
country are doing so without due refec-
ton, and that the year just ended was
one of the most substantially prosperous
ever known. The result Of these obser-
vations are condensed as follows; In
fields. forests, mines, fisheries and
manufactures, the whole country has
prospercd. Our cereal products are
estimated at 81 200, 600, 600; our
hay crop at $3.50, 900 900; potatoes $780,
OOO, 900, and tobacco So, zoo, 900. There
are no exact statistics or even close esti-
mates of the timber felled for home con-
sumption and foreign export, nor of the
products of our fisheries, but the amount
is very large. The cotton yield was over
6,OOO 600 bales of $50 pounds each, of
which one thousand million pounds have
been consumed at home and twice
as much exported. The cash value
of this is not less than $500, 900, 600,
The wool crop has been not
less than 100000, 600 pounds, worth
about 100000. 000 The sugar, rice
and molasses produced at the South are
valued at $50. 700, 600. The output of
coal is estimated at 100000 tons as
against SO 600, 600 in 1880, and this, at
three dollars per ton, will aggregate
1925. 900, 900. The output of gold and
silver did not fall below $75 900, 600.
Three millions tons Of pig iron were
smelted during the year, representing a
still greater value Then $3.50, 600, 600
may be added for provisions not in
Guided in the above. The sum total
thus reached exceeds g, 800, 00e, 900, a
vast sum to be added in one year to the
general wealth. Taking all the items
named it has been a year that fully
equals the average ia the production of
wealth.
But this only partially presents our
prosperity. In spite of a high pro-
tective tariff, manufactures have pros
pered, and the export of manufactured
products have been very large Of sgri-
cultural implements our exports were
nearly 100000; clocks and their
parts, $1,500,000; manufactured cotton
goods, $4,000, 900; articles in iron and
steel, $13, 900, 900; leather and its manu-
features, 100000; musical instru-
ments, $1,000, 900; refined mineral oil,
$35. 900, 900; ordnance and stores, 81
600, 0C0; wood and its manufactures,
81, 100000 These represent surplus
products over and above what was ne
cessary for the supply of our needs and
were sold at lucrative prices. Added to
these are our exports of fruits and living
animals. OF the latter our exports
have aggregated ST., 900, 900, while bread
and breadstuffs have been exported
to the aggregate of $500, OOO,O 900. Over
81 900, 600 worth of fruit h been sent
abroad to supply the deficiencies of Eu-
rope, and also 1920, 900, 600 of cotton to
keep their looms busy. Cotton seed, lin
seed and other seeds, in natural or man.
ufactured form, have been exported to
the amount of $3.50, 600, 900; while ba-
con, butter, cheese, lard, etc, to the
amount of $3.50, 600, 900 have been ship
ped abroad. Tobacco to the value Of
$50, 600, 600 has been exported. Taking
all our exports a grand total of nearly
5000, 900. 900 was reached in 1881. This
exceeded our imports by ~ Fly $780,
900, 900.
"These figures, remarks the Philadel-
phia Esening Ne,es, might be extended
to include other items, but assuming that
the production of such large amounts of
wealth and the export of so much, after
supplying our own needs, is evidence Of
sound prosperity, we reach the conclu-
sion that the conditions for a panic do
not exist. People do not usually fail
when they are making money"