Crawford avalanche., 1892-12-15

in 1860 was $l6,159, ,619 06s; In 1890 it amounted
TO $62 26l0, 100000, an increase OF 2s7 per cent.
The total mileage of railways In the United
States in 1sC0 was 30 CSC; in 1890 1t was l67
an increase of 44S per cent; and IL Is estimated
that there will be about 1000 miles Of track
added by the close of the year 1892.
The official returns of the eleventh census
and those of the tenth census for seventy five
leading cities furnish the basis for the follow
In 1850 the capital invested in rnanufactur-
ing was 81 232 632,670 In 1896 the capital so in
of employees was 3Ol 1888; in 1890, 2,25l l9l. In
1880 the wages earned were S50l 965 778; in 1890,
A,22l, l70, ,454. In 1850 the value OF the product
was &, I'll $40 $50; in 1890, 81 800 $50, ,o37
am informed by the Superintendent OF the
census that the omission of certain industries
in 1850 which we, were included in IsSo accounts UNITS
shown. But, after making full allowances
for diff fences of method and deducting the
returns for oil industries not included In the
census of 1880, there remain in the reports from
the seventy-five cities, an increase in the capt.
tai employed of Sl,522, ,745.Gol; in the value OF
the product of - 024 936 166; IN wages earned of
$677, ,O43, ,929. and in the number of wage earners
employed of s56,O29. The wage earnings not
only show an increased aggregate, but an in
crease per capita from $3.50 In 1880 to SS47 in
The new Industrial plants established since
Oct o, 1890, and up to Oct y, 1892, as partially
reported in the American Economist, number
345, and the extension of existing plants, l05;
the new capital invested amountsto SO, 49O50.
and the number OF additional employees TO
The Textile World for July, 1892, states that
during the first six months of the present cal
forty are cotton mills, forty-eight knitting
mills, twenty-stx woolen mills, fifteen
silk mills. four plush mills. and two
linen mills: OF the forty cotton mills
twenty-one have been built in the Southern
States. A. ,. shepperson, of the New, York
working spindies in the United States on Sept.
j, 1892 at l5 200 .000 increase of 100000 over
the year of 1891. The consumption of cotton
by American mills in 1891 was 1896, 900 bales,
and in 1892 25s4 900 bales, an increase of 1873 600
bales. From the year 1850 to 1897 inclusive,
there has been an increase in the consumption
ing the same period the increased consumption
in the United States has beeu about $50 per
cent
The report Of Ira Aver, Special Agent OF the
Treasury Department. shows that at the date
of Sept. 80 1892, there were thtrty-two COM
panes tsG nd tin and te5ns plate In
building new works for such manufacture
The estimated investment in buildings and
plants at the close OF the fiscal year, June 80
iSg9 il existing conditions were to be contin-
ued, was $5,0O0,000, and the estimated rate of
production 100000, 900 pounds per annum. The
actual production for the quarter ending Sept.
80, 1892, was 10,962, ,725 pounds.
During the last six months of the year 1891
ana the nrss SIX ~ months % OF sne year aS93 the
as against o 209, FOB tons In the year $780, which
was the largest annual production ever at
% oa the pfodnctionof net Bessemer Oe inEots Y, was was
gross tons over the, previously un-
gross tons in 1890: The prodnotion Of Sofi- Bes
semer steel rails for the first six months of
1892 was ~. .436 gross tons, as against 702.O9O
gross tons during the last six months of the
year 1891.
The total value of our foreign trade Cexports
and mSnufactpTesl "a act during the last fiscal year
over the previous fiscal year. The average
annual value of our imports and exports OF
merchandise for the ten fiscal years prior to
1901 was 81 457. 800 0I9 II will be observed that
our foreign trade for 1892 exceeded this annual
average value by $4OO,3 ,s91, an increase of
this increase are shown by the fact that the
excess In the trade OF 1897 over 1891 was wholly
in the value of exports, for there was de-
crease in the value of imports Of N7,51y,75l.
The value OF our exports during the fiscal
year 1892, reached the highest figure in the his
y.s a eHeeeSinD by sit, TaT sss the exports Of
1891, aud exceeding the value of the imports
by $2O2 s75. $50. comparison Of the value OF
our exports for 1892 with the annual average
for the ten years prior to 1891 shows an excess
of S265, 1851, or OF 34.65 per cent. The value
of our imports of merchandise for 1892. which
was $S29. .402,462 also exceeded the annual
average value of the ten years prior to 1891 by
S135, ais, $40. During the fiscal year 1892. the
value OF ,i imports Tree OF duty amounted MOI to
of our commerce. The value Of the imports Of
merchandise entered free OF duty In 1892 was
O0.30 per cent. Oh Lne JOJai Vhluo OI lmpOIlb as
compared with 1895 per cent in 1891, and S3.6
per cent. in 1890.
A Prosperous Nation.
Another indication OF the general prosperity
of the country il found in the fact that the
number of depositors In savings banks in
creased from $685. $40 in 1860 to 4258 S9S In 1890,
an increase of 513 per cent, and the amount OF
deposits from $149 277 504 in 1860 to 81 624 S4 SOC
in 1890, an increase OF 921 per cent. In 1891 the
amount Of deposits in savings banks was
sl62s, .7le. u is estimated that so per cent:
wage-earners, The bank olearances for nine
months ending Sept. 80. 1891, amounted to A1,-
Ol9,3yO sos. For the same month In 1892. they
amounted TO $40, ,16o, ,60l, ,0l7, an excess for the
nine months of A,140.2l1 ,130.
There never has boen time In our history
when work was abundant or when wages
were so high. whether measured by the cur
rency in which they are paid or by their power
TO supply the necessaries and comforts OF life
IL is true that the market prices Of cotton and
wheat have been low. It Is one of the unfavor-
able incidents Of agriculture that the farmer
reap in Ignorance OF the aggregate production
of the year. and 10 peculiarly subject to the
depreciation which follows Over-prOduc-
tion. But. while the fact 1 have stated
is true, as to the crops mentioned, the
to give to agriculture q fair participation in
the general prosperity. The value of our
total farm products has Increased from 81
9.el6 e0e in 1860 to 500 1000 In 1891, as es-
timeted by statietioians, an increase OF $50 per
cent The IN ~, number Of hogs Je5Isry 5,n Y, a. ! 1891;
January !. 15D1 The number. was 81, 800. OLE. and
thovalue f2k1 ,f81, ,k15. On January I, 1891, the
number OF cattle was 3d. ,ots, and the value
t5ff.tf,o ,oO5; ON January 1, 1sy2 the number was
s7esl Xo. and me value = .slo ~, 100: ..,.,