Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1890-12-09

partiality. and the service has been In
creasinR satisfactorily. The report OF tn
commission shows q large amount OF goot
work done during the year with yer,
limited appropriation.
IMPORTANT LAWS.
I congratulate the congress ana tnt
country upon the passage at the 1rst SEES
sion of the Fifty first congress OF an un
usual number of laws of very great I'M
nortance. That the results of this legisla-
tion will be the Quickening and enlarge
ment of our manufacturing interests, lar
ger and better markets for our breadstufts
and provisions, both at home and abroad,
more constant employment and bette
wages for our working people, and an IN
creased supply of safe currency for the
transaction OF business, | do not doubt.
I Some of these measures were enacted at
! so late period that the beneficial effects
| upon commerce which were in contem-
pistion of congress have, as yet, but par
| tia v manifested Themselves.
IMPORTANT INDUSTRIAL CONDITION.
The general trade and industrial condi
ton throughout the country during the
year have shown a marked improvement.
For many years prior to 1888, the mer-
chandise b dances had been largely in our
favor but during the year and the year
following they turned against us. 1t Is
very gratifying to know that the last MS
cal year shows balance in our favor OF
$68, 000, COO,
The bank clearings, which furnish
good list Of the volume of business trans.
acted for the past month Of the year 1881,
show as compared with same month OF
1881, an increase for the whole country Of
about 81 per cent while the increase out
side of the city OF New York was over Is
per cent. During the month OF October,
the clearings of the whole country showed
~ a 1 IlRtOhpr
1850, while outside of New York the in
crease was la per cent. These figures
show that the increase In the volume or
business was very general throughout the
country. That the bulk of business
WAS being conducted on safe
basis is shown by the fact that there were
300 less failures reported In October, 1890,
than In the same month of the preceding
year, with the liabilities diminished by
about 100000.
EXPORTS OF MERCHANDISE.
The value of our exports of domestic
merchandise during the last year was
over$l15, 000, 900 greater than the preceding
year and was only exceeded once in our
history. About $lG0, 600 600 of this excess
was In agricultural products. The pro-
duction Of pig iron, always good gauge
of general prosperity, is shown by cen.
sus bulletin to have been 153 per cent
greater In 1890 than in 1880, and the pro-
duction of steel 29J per cent greater.
Mining In coal has had no limitations ex..
cept that resulting from the effect of
transportation.
The general testimony Ia that labor Is
everywhere fully employed, and the re-
ports for this last year show small er
number of employees affected by strikes
and lockouts than in any year since 1884.
The depression in the price of agricultural
products has been greatly relieved and
buoyant, hopeful spirit is beginning to be
felt by all our people.
ENGLISH MONETARY INFLUENCES.
These promising Influences have been
In some degree checked by the surprising
and very unfavorable monetary events
which have recently taken place in Eng
land. II is gratifying to know that this
did not grow in any degree out of the
financial relations Of London with our
people, or out of any discredit attached to
our securities held in that market. The |
return of our bonds and stocks was caused
by money stringency in England, not by |
any loss of value or credit in securities
themselves. We could not however,
wholly escape the i'll effects of the foreign |
monetary agitation which accompanied |
such incidents as characterized this. 1t |
is not believed. however, that these evil |
incidents which have for the time unfa-
vorably affected values in this country, |
can long withstand the strong. safe and
wholesome influences which are operat- |
ing to give to our people profitable returns |
in all branches of legitimate industry