Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1892-12-10
To tne Senate and House of Representatives:

To the Senate and House of Representatives:
COMMERCIAL AND INDUSTRIAL INTERESTS.
In submitting my annual message to congress,
I have great satisfaction In being able to say
that the general conditions affecting tho com.
mercial and industrial interests of the United
States are in the highest degree favorable. A
comparison of the existing conditions with
those OF the most favored period in the history
Of the country will believe, show that so high
degree OF prosperity and so general diffusion
OF the comforts of life were never before enjoyed
by our people The total wealth of the country
in 1880 was Si6 165, ,6l6,06S. In 1890 it amounted
S6o, ,6l0 900 O0o, an increase OF 237 per cent The
total mileage Of railways in the United States
In 1880 was 30,G2G; in 1899 1t was 1874, an in
crease OF 4i3 per cent, and it is estimated that
there will be about 1000 miles OF track addeaby
the close of the year 1892 The official returns
of the eleventh census AID those of the tenth
census for seventy-iive leading cities furnish
the basis for the following comparisons:
In 1880 the capital invested in manufact turing
was II ,2i2 $780, 67O In 1890 the capital invested
in manufacturing was 90 900, T35, ,SSi In 1880 the
number of employees was 1901, 3Ss In 1890 the
number of employees was 2,25l, 1874. In 1880 the
wages earned were 1901 965,715. In 1890 the wages
earned were si,2!1,1T0 T0,454 In 1889 the value OF
the product was S2,71l, ,579 800 In 1890 the value
OF the product was "A, SO, ,253, S57.
am informed by the superintendent of CEN
sus that the omission OF certain ind dustries in
1880 which were included in 1890, accounts in
part for the remarkable incr ease thus shown
But, after making full allowances for differ
enccs OF method and deducting the returns for
all industries not included in the census of 1880
= there remain in the reports from these seventy
five cities an increase in the capital employed
of 81 5e2Si5 6H; in the value OF product of S2,O'4
236, 166: In wages earned of s6I'9i3,s29 and in
the number of wage-earners employed OF Sob,U.9
The wage earnings not only show an increased
MI hut n ipr. nor nlfl a
in 1880 to l5i7 in 1890, or ALL per cent.
The new industrial plants established since
October 6, 1899. and up to October D. 1882, as
partially reported in the Anne rican Economist
number 3i5, and the extension of existing plants
i03; the new capital invested amounts to $40,
z49,O5o and the number of addi tional employees
TO 37,2S3.
Tho "Textile World for July. 1892, states
that during the first six months of the present
calendar year lS5 new factories were built, Of
which 40 are cotton mills, 4S knitting mills, 70
wooen mills, 10 silk mills, plush mills and ~
ainen mills or the 10 cotton mills 81 have been
built in the southern states. Mr. A b. Shep-
person, OF the New York Cotton Exchange, es-
Inmates the number Of working spindles in the
United States on September l, 1892, at 15,2O0,-
600, an increase OF 66O,00j over the year 1891.
MThe consumption of cotton by American mills
in,-1S9i was 1896 900 bales, and in 1892 1854 0o0
bales an increase OF $4,000 bales From the
year 1869 to 1892 inclusive there has been an In
crease in the consumption of cotton in Europe
of o. per cent. while during the same period the
increased consumption in the United States has
been about $50 per cent.
The report of Ira Aver special agent OF the
treasury department, shows that at the date OF
September 30, 1892, there were thirty-two com
panies manufacturing tin and terne plate In the
United States and fourteen companies building
new works for such manufacture. The est
mated investment in buildings and plants at the
close OF the fiscal year. June 30, 1893, If existing
conditions were to be continued, was 80 OOO,OO(
and the estimated rate OF production 2OO,0 ,OOt
pounds per annum. The actual production fol
the quarter ending September 80, 1892, was TO-
952,725 pounds.
The repo rt Of Labor Commissioner Peck, o
New York. shows that during the year 1891, ii
about six thousand manufacturing establish
ments in that state embraced within the specia
inquiry made by him, and repre- senting " dif
ferent industries, there was net IN crease oye
the year 1890 of a3 3l5 lSO 68 In the value OF thu
product, and of t6,3T,s $500 in the amount o
wages paid The report of the commissioner o
labor for the state OF Massachusetts shows tina
3745 industries in that state paid Si29 1928 il
wages during the year 1891, against Sl26,C3o, ,3O'
in lS90 an increa Of 49, 1876 9i5, and that ther,
was an increase of $685., 49) in the amount o
capital and of 7Si6 in the number of persons
employed in the same period.
During the last six months of the year 1e9
and the first six months of 1892 the total produt
tion of pig iron was 9,1l0,Sl9 tons, as agains
9,2Oo.7c3 tons in tie year 1870, which was tn
largest annual production ever attained Fo
the same twelve months OF 1892 the produt
tion of Besscmer ingots was 3is76,5Sl TONS q
increase of lS9, 7l0 gross tons over the previous
ly unprecedented yearly production of 3,6SaS
gross tons In 1890. The production Of Besseme
steel rails for the first six months of 1892 wa
7s2,436 gross tons. as against 792 .O3O gross ton
during the last six months OF the year 1891.
OUR FOREIGN TRADE.
The total value OF our foreign trade (expor,
and manufacturcs) during the last fiscal yea
was II ,S57 $50, $40, an increase of l2S293, ,Gl
over the previous fiscal year. The averag
annual value OF our imports and exports
merchandise for tho ten fiscal years prior
1891 was 81 457, 32a,09. 1t will be OBJ served thu
our foreign trade for 1892 exceeded this annui
average value by SiOO,35s SOL, an increase
27.47 per cent The significance and value
this increase are shown by the fact that the e
cess in the trade of 1892 over 1891 was who'll
in the value of exports, for there was u d
crease in the value OF imports OF $l7 ,513754.
The value OF our exports during the fisc
year lS9, reached the highest figure in the hi
tory Of the government, amounting to i,03I
273,lt8 exceeding by $li5 ,707, 1888 the exports
1891, and exceeding the value OF the imports
500, ,S1j,655. A comparison Of the value OF o.
exports for ls9! with the annual average for u
ten years prior TO 1891 shows an excess of s36
I42,65I, or of 3I65 per cent. The value of o
imports of merchandise for 1892, which W
$50, ,i02, ,462, also exceeded the animal ayera
value OF the ten years prior TO 1891 by Si35.2i
$40 During the fiscal year 1892 the value of Il
ports free OF duty amounted to s4b7, ,999,6 ,65S, I
largest aggregate in the history OF our Co
MERGE The value of the imports OF merchandi
entered free OF duty In 1892 was 55 35 per Gel
OF the total value OF Imports as compai ed wi
43.35 perc ent in 1891 and 33O6 per cent. In 18
THE CoAsTWIsE TRADE
In our coastwise trade most encouraging
velopment is In progress, there having been
the last four years an increase OF 10 per ce
In internal commerce the statistics show u
no such period OF prosperity has even before
listed. Tho freight carried In the coastSise trn
of the great lakes in 1890 aggregated 2S29o,
toms.