Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1890-12-02
The Tariff and It's Effects.
anME aTaTTSrIra

The general trade and Industrial conditions
throughout the country during the year have
SHOWN marked improvement For many years
prior 70 1888 the merchandise balances Of for.
eign trade had been largely In our favor,
but during that year and the year following
they turned against Us II is very gratifying
. balance IN our favor OF over eos 100000.
The bank clearings which furnish
q good test OF the volume OF
the year 1890 show, as compared with the same
months OF IS ., an increase for the whole coun.
try Of about s.4 per cent, while the increase
outside or the city Of New York was over Il
per cent During the month OF October the
clearings Of the whole country showed an in.
crense Of 81 per cent over October, 1889 while
outside 81 New York the Increase was 1lT per
cent These figures show that the increase
IN the volume of business was very general
throughout the country. That this larger bust.
ness vas being conducted upon safe and
profitable basis ts shown 81 the fact that there
were 800 less failures reported in October 1920
than IN tae same month OF the preceding year,
with liabilities diminished by about s., 10000.
INcRBAsE IN IMPORTS.
ne value 81 our exports Of domestic mer.
chandise dufsDE tire last year was over STA
o01 20 greater than the preceding year and
was ouiy exceeded once in our history About
tioO 90 90 4 this excess was In agricultural
products. The production Of pig iron-always
q good gauge Of general prosperity-is
sbosn by = recent census bulletin 10 have
been 1873 per cent greater in 1880 than in
Iseo. and ne production OF steel 20 per cent
greater Mining n coal aas had no limitation
except thai resulting from deficient trans
portztion. The general testimony is that labor
- everywhere fully employed. and the reports
Tor The last year show smaller num-
Der Of employees affected By strikes and lock
outs thar In sny year since iss4 The de
preston in the prices q Agricultural products
had been greatly relieved and A bu0vant and
hopeful tone Wa beginning 20 be felt 81 all our
people
THE tArE Tariff ACT
The general tariH act has only partially gono
Into operation. some 81 its important proviz-
ions being limited to take eject a. dates yet
ia the future. The general provisions n the law
have been In force less tnsn sixty DAYS rs
permanent eject upon trade AMI prices stu
largely stand in conjecture. II f. curious 70
uote that ths sdvance n The prices - articles
shoily unaffected hT the tariff act vas BY many
hastily sscribsd % that act Notice wss not
taken Of the fact thai the general tendency Of
Wholly spart from the recent tariff legislation.
TIE enlargement q our currency ~ ne silver
bil aneauote5iy gave a. upward tendency 70
trade and nsS msrkei eject on prices bat
th.s natural and desired EJECT ~ he silver ieg-
isiatioa vas - maay srroseousJ attributed 70
TIE taFi6 act
NUsr HAvE Fsrs TRIAL.
There Il neifhsr wisdom aor Justice fl 80
IuEsestsan shat the suclsct q tariz rsTisioa
~ b. opened before tais isF has had iair
hrsA it s. quste true thzt every taris scbed-
lte = saoleci 10 eoIectlons Ne oiA was ever
.f1iiie1, 1 slppo4e. tast ln a. 81 - rates aad
SASS 1ca liens BAD Lae fali approval ever 81 =
e4rty csncHs. siacs iez1slation IS always
49, necessarily Sc groaart - compromise
sep1iaa. bat in irs Eeners' sco1s snd r.
YER tala6 % SIT 5Gsf.fF she saPcrEt
q iaose Noo ,eIieFe that American lstion
sro1.a etrsnTe American rralte aa8 zee Fezes
~ N1rxins uen. Tae mlsfaforn sfion ~ tothe
terms ~ tae sst eHsch have eeea 50 Wi5rtV
d.sse ulastea a. aene sad aanosd vii 81 err
reete4 ~ eEpeflelee. ard ne esiI a z9ries a
g. lts results eonfauEied BE- re MAJ Fl rep1rts
ths ssV.aEs haass internas lrsde csiaases sd