Arizona weekly citizen., 1888-07-28
INCREASE OF NATIONAL WEALTH
 UNDER 4 PROTECTIVE rnnIru

people actively employed adds to the national wealth. A high tariff does thIs. It encourages capitalists to bu,ld factories and employ laborers. The in- crease of wealth m the United States during the last twenty-four years. un- der high tariff, clearly indicates the beneficial effects of the protective policy. In lS6O the total wealth of the United States was estimated at SIG, 6,l50,OOO,OOO. NIT. Ohas. s. Hill, Statisticisn of the U. ;. Department of State, places the ns- 'ional wealth in 1880 at s55. .OOO, ,OOO, GOO. It IS probable now fully s60,OOO, 1000, 900. It Is said that David A. Wells, 8 promi.
 ent Tree trader. estimates it at over S64,OOOOOO.000 This would show that We have qusdrupled our national wealth during the last twsnty-four years.
 Mr. Mulhall, of the Royal SOcIety of London, in his Balance Sheet of the World, says:
 "tt would be impossible to find in his. tory parallel to the progress of the United States Tn the last ten years Every day that the sun rises upon She American people lt sees an addition of two 6nd half million dollars 10 the &C., cumulation of wealth in .he Republic, which is equal to one-third of the daily accumulation of all mankind outside of the United States"
 He estimates the entire wealth of Great Britain ID 1882 at $40,64O. .OOOO00. If this estimate is approximately correct, the increase of national wealth in this country during the high tariff period has been S3.S400O0. .0O0 more than the entire wealth of Great Britain. In other words, We hsve gained more in nstional wealth in twenty-fOur years of protsc- ton, than Great Britain has during 400 years of home rule under free trade. During The period, however. under which this enormous growth in nstionsl wealth has taken place, we have had four years of war, in which We incurred debts amounting to nearly g. ,0OO, ,00O.- o00, three-fourths of which whe have al re ;dy paid. We have added over 25, ,000,- 900 to oar population, which now stands at about 60, ,OOO.OOO.
 Ths debt of the United States at its highest point, in 1885. wss ss4 per head. I. is now less than S23, and. including All state debts. less than S27 per head. The average Government debt Of the commercial and manufacturing states Of Europe IS s54 per head.
 The earning power of Sl00 in gold coin invested in United States bonds of .he bes: class was, al the highest point of paper money imitation, in 1864. l6 66- 100 per cent per year. At the present time the earning power of SlOO in gold som. invested in AZ per cent. United States bonds. is only 20-l00 per cent. per year.
 The property of the working people IS largely represented by the deposits in savings banks; the aggregate amount of deposits and interest in the savings banks of New York previous 10 lSG0. covering a period of nearly fifty years. was $2SO,2G9, ,279, while the aggregate srnount from lsGO to 1885, being m era f twenty-five years of protection. vGs S3, ,lS5. 979 .O35. which is twelve times the amount during the first period, The amount of interest credited to dsposi- tors from 1860 to 1885 vas s27j. DOG, ,26l, sum nearly ss grest as the entire prin cipsl and interest previous to 1860.
 The increase Of deposits in New York State savings banks from 1860 to !lSs5 was S37S. .9l9, ,341 while ths; of all the shv ings banks of Great Britain was but s23j, ,3O9, ,499.
 The products of our manufacturing establishments have increased from Sl, S76. .sg3. .377 in 1860 to over S7,0oOOOOOO in 1886. The number O, our fsrm' ss increased from 2.O4i,O77 to 4.500O0O. and the value of these farms from &C., 645 .O45. GOT to sll ,OOO,OO0.0OO. Our total production of cereals in 1864 was only 9l6. 427, ,263 bushels, while in 1886 it wss 1 470.957, POO. The amount of cotton has increased from OO0,OO00t0 pounds to more than 5000 OOO,OCO per year, and wool from 42,SO2. 1l4 pounds in 1860 to 320OOO. 900 in 1885. Tobacco has s'ead- fly increased from Is5,OOO .OC0 pounds in 1865 to 5lI,5O4,O0 in 1884. The coal product from 100000 tons ID lo6O Co nearly 100000 ID lSSi. The ps0due- tion of iron ore has increased from 9OO,- 900 tons in 1860 io over 10000 OCO ID 1886, pig iron from l. .3O5, 900 tons in lSG7 to nearly 5,OOO,0OO the last year and steel rails from 2l77 tons 10 ], 1,JO0.0 900. In 1e6O we had 30OOO miles of railroad. and in 1886, I27 900. Almost every industry ID the land has been greatly stimulate d during this protective period, and many new industries have been started which never had B foothold in this country before. Nothing can be done which would reiard thi' rapid progress and de- precIste the value of property more than reducing tue tariff or making any approach to free trade.-American Pro- tectiVe Tariff League.