Los Angeles herald., 1892-12-07
PRICE FIVE CENTS.

VI
chandlse for the ten fiscal wears prior to
1881 was 81, ,457 ,322,0l9. It will be OBJ
served that our foreign trade for 1892
exceeded this annual average value by
S4oO, 3oS .39l, an increase OF 27.47 per
cent. The significance and value
OF this increase is shown by the
TACT that the excess in the trade
OF 1892 over 1891 was wholly in the
value of exports, for there was p de-
crease in the value of exports of Sl7. .513.-
254. The value of our exports during
the fiscal year 1892 reached the highest
figure in the history of the government,
amounting to 81 ,030, ,27S, ,l48, exceeding
by SAL ,797 1881 the experts OF 1891, and
exceeding the value of the imports by
$2O2, $50. .686. A comparison CT the value
OF our experts for 1892 with the annual
average Tor the 10 years prior to 1891,
shows an excess Of $265, l42 671. or of
54.65 per cent. The value of our imports
of merchandise for 1892, which was
| 1929, ,402 ,462, also exceeded the annual
average value of the 10 years prior to
1891 by $135, ,2l5 $40. During the fiscal
year 1892, the value OF imports free of
duty amounted to $457 800 G5S; the
largest aggregate in the history of COM
merce. The value of imports of mer-
cbandlse entered free Of duty in 1892,
was 90 80 per cent OF the total value of
the imports, as compared with 43 35 per
cent III 1891. and 80 66 per cent in 1890.
DOMESTIC COMMERCE.
In our coastwise trade most epcour-
aging development is in progress, there
having been in the last four years an in
crease of 16 per cent in internal com
merce. The statistics show that no
such period OF prosperity has ever be-
fore existed. The freight carried in the
| coastwise trade of the great lakes in
| 1890 aggregated Is, POS, $50 tons. On
the Mississippi, Missouri and Ohio
rivers and tributaries, in the same year,
the traffic aggregated 20, ,404 400 tone,
and the total vessel tonnage passing
| through the Detroit river during that
year was 2l,6S4. 900 tons. The vessel
tonnage entered and cleared in the for
eign trade of London during 1890
amounted to 13,4s0,767 tone, and of
Liverpool l0,94l 800 tons, a total for
these two great shipping ports of
24,442 ,56S tons, only slightly in excess
OF The vessel tonnage passing through
the Detroit river; and it should be said
that the season for the Detroit river was
but 22S days, while Of course in London
entire year. The vessel Tonnage passing
through the St. Mary's canal Tor the
fiscal year 1892 amounted to 9 ,S2S, ,874
tons. and the freight tonnage of the
Detroit river is estimated for that year
at 25,O0O,O 900, against 90, ,209, ,6l9 tons in
1891.
The aggregate traffic on our railroads
Tor the year 1891 amounted TO 704 $685.
GUY tons OF freight. compared with 69l,-
344 .497 tons i'll 1890, an increase of 49,
054, l72 tons.
SAVINGS BANK DEPOSITS.
Another indication of tie gaIerai
prosperity of the country is found in the
fact that the number OF depositors in
the savings banks increased from $685.
$40 in 1860 to 4,328, 1893 in 1890, an in
crease OF 53 per cent, and the amount of
deposits from $l94,277, 1915 in 1860 to
81, ,524 ,S44, sos in 1890, an increase of 92
per cent. In 1891 the amount of depos-
its in savings banks was 81 ,623 ,O79, ,749.
1t ls estimated that 80 per cent of these
deposits represent the savings of wage
earners.
The bank clearances have for the nine
months ending September 80, 1891,
amounted to SAL 049, 800, sos. For the
same months in 1892 they amounted to
$45, l89 ,60l ,947, an excess for the nine
months of "a, lao, ,2l1 ,139.
There never has been time in our
history when work was SO abundant or
when wages We're as high, whether
measured by the currency in which
they are paid or by their power to sup
ply the necessaries and comforts of life.
DEPRESSED AGRICULTURAL PRODUCTS.
1t is true that the market prices of
cotton and wheat have been low. 1t is
one of the unfavorable incidents of
agriculture that the farmer cannot
produce upon orders. He must SOW and
reap in ignorance of the aggregate pro-
dnciion of the year, and is peculiarly
subject to the disposition which follows
over production. But, while the fact 1
have stated is true as to the crops l
have mentioned, the general average of
prices has been such as to give to agri-
culture fair participation in the gem
eral prosperity. The value of our total
farm products has increased from 81 ,363,-
GAG, 1866 in 1860 to $4,000 000,00O in 1891,
as estimated by statisticians, an in.
crease OF 230 per cent.
The number Of hogs January /, 1891,
was 50, ,525, l06, and their value $2l0 l93,-
o-c. va "iUhly J., ICoS, tliS nuUiUGr
was 81, 2,439, 500, and their value $24l,-
93l ,45l. On January /, 1891, the num-
Der OF cattle was $3.50 648, and their
value $544, 127 908 On January l, 1892,
the number was 1851 ,239. and their
value S570,74 l5j.
Ii any are discontented wi h their
state here: it any believe that the wages
or prices, the returns for honest toll,
are made ouate, should not fail to re-
member that there is no other country
in the wotld where the conditions that
seem to them hard would not be &C.
cepted as highly prosperous. The Eng
lish agriculturist would be glad to eX-
change the returns of his labor for those
~Of the American farmer, and the Man
chester wnrkmen their wages for those
OF their fellows at Fail River.
THE PROTECTIVE SYSTEM.
believe that the protective system
which now for something like 80 years
has prevailed in our legislation has
been mighty instrument for the de-
velopment of our national wealth and n
moeu powerful agency in protecting the
homes OF our wolkingmen from the in
vasion Of want. l have felt most
solicitous interest to preserve 10 our
working people rates of wages that
would not only give daily bread, but
sJ1OOlV q pOmfnrtp hla norOip for tbopa