Evening capital journal. (Salem, Or.) 1888-1893, 1890-12-01
THE MESSAGE
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slant emp 'oy,nent and better wag,
f,r our working people and an II
creased supply Of safe currency 4
the transaction Of busines.
IMPROVED CONDITIONS.
I do not d0nht some Of thes
messu,ss were enacted ut 70 late
period that the beneficial effect
which were contemplated, have a
vet but partially manifested then
selves. The general trade and In
dustrial conditions throughout q,
country during the year has show
. marked improvement. For man,
wears prior to 1883 the merchandis
balances had been largely In Mr favo
but during that year and the yea
following they turned against us
1t Is very gratifying to know tha
the last fiscal year shows u balanc'
of trade in our fAvOr Of $8S, ,OOO, 900
about. 81, ,OOO, 900 Of this excess wa.
In agricultural products. The de
preston In the prices Of agricultural
products has been greatly relieved
aud q bouyant. hopeful feeling wat
beginning 10 Ike felt on all our peo.
ple. These promising influences
have been IN some degrees checked
b, the surprising and very unfavor.
able monetary events which have
recently taken place in England.
1t IL gratifying TO know that this
did not grow In any degree out Ct
the financial relations of London
with our people, or ont of any dis
credit attached to eur securities held
in that market.
THE BANK CLEARIN0s
which furnish . good test OF the
volume Of business transacted, fer
the first six months Of 1890, show as
compared with the same months Of
1857 nm increase for whole country
Of about 8.4 per cent while the In
crease outside of the city of New
York WIS over Is per cent.
OUR INCREASED Ex PORTS.
The value of our ex ports of domes-
tic merchandise during last year
was over $ll5, 900, 900, greater than
for the preceding year, an was
only exceeded once in our country's
history.
FACTS FOR FREE TRArERs.
The app si'ensiOn that cur tariff
may again and ut once te sub jected
to important general changes, would
undoubtedly add depressing influ.
ence of the most s-ri ,us character. |
The general act hxs only partially
gone into operation. Some of Its
important provisions being limited
to take effect at dates yet In future.
The general provisions Of the law
have been in force less than 90 days.
lts permanent effect upon trade aud
prices, still largely stands in cOpject-
ure. It In worthy to note that the
advance IN the prices Of articles
who'll, unaffected by the tariff net
was by many hastily ascribed to
that act. The enlargement of our
currency by the silver bill giving
IN upward tendency to trade, and
had marked effect ON prices, but
this effect of silver legislation was
BY many erroneously attributed to
the tsrid act.
NO TINE FOR AGITATION.
There is neither wisdom nor justice
IN the suggestion thut the subject of
tariff revisi ~ shall be opened before
this law has had . fair trial. In
general scope and effect 1t will
justify the support Of those who be.
lieve that American legislation
should conserve and defend Ameri-
Cali trade and wages of American
Already we begin to
hear from abroad aud FROM our
custom houses that the prOhibitory
effect upon importations is not
Justified. The imports ut the port Of
New York for first three weeks Of
November were nearly 8 per cent ,
greater than for the same period Of ,
1880.
Our form Of Govt, with its Incl
dent Of universal suffrage, makes it
imperative that we shall save our
working people from the agitation
ana distresses, which se&ut work.
'nat has no nargin for comfort,
always beget. But after all this Is
done, 1t will be found that our mar.
kets are open to friendless CONNER.
c'al exchanges.
from the time Of my induction
into office the duty Of using every
power and influence given by law to
,"e executive department, for the
o'velopen'ent Of larger markets for ,
our products. especially our farm
products, has been kept constantly
w mind. No effort ha. been or will
" spared To promote that end. We
are under no disadvantages Of any ,
"'e'gn market except that we pay
'ur working men and working
women b.tter wages than are paid
elsewhere.