The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-12-07

value of imports of ST., ,513, 754.
The value of our exports during the s
fiscal year 1892, reached the highest
figure in the history of the government, ,
amounting to 81, ,O30, 27S, 148, exceeding :
by $l45, 1877, 338, the exports of 1891 aud
exceeding the value of the imports by ]
1902, o75 6e6. A comparison of the
value of our exports for 1892 with the
average for the ten years prior to 1891
shows an excess Of $265, 142, ,657, or of
"a IS per cent. The value of our i'm
ports of merchandise for 1892, which
was $500 900, ,462, also exceeded the an
nusl average value of the ten years prior
to 1891 by $135, 215, $40, During the
fiscal year 1892 the value of imports free
of duty amounted to $457, ,999, 658,
the largest aggregate in the history
of our commerce. The value Of
the imports of merchandise entered free
of duty in 1892 was So 35 per cent. of the
total value of imports as compared with |
4345 per cent. in 1891 and 33 66 per |
cent. in 1890.
In our coastwise trade most encour-
aging development is in progress, there
having been in the last four years an in
crease of Is per cent. In internal COM
merce the statistics show that no such
period of prosperity has ever before ex
listed. The freight carried in the coast
wise trade of the great lakes IN 1890 ag-
gregated 2S, 295, 959 tons; on the Mississ
ippi, Missouri and Ohio rivers and tri-
butaries in the same year the traffic ag-
| gregated 9,405, ,046 tons and the total
vessel tonnage passing through the De-
,roit river during that year was
1854, 900 tons. The vessel ton
mage entered and cleared in the
foreign trade of London during 1890
amounted to 13 $780, 767 tons and Of
Liverpool 1894, 800 tons, total for
these two great shipping ports of "a 4,422,
56s tons, only slightly in excess of the
vessel tonnage passing through the De-
troit river, and it should be said that the
season for the Detroit river was but 228
days while, of course, in London and
Liverpool, the season was for the entire
year. The vessel tonnage passing
through the St. Mary channel for the
fiscal year 1892, amounted to 9,028, 874
tons and the freight tonnage of the De-
troit river is estimated for that year at
25, 600 900 tons, against %, 209, 618 tons
in 1891
uC dSSlSSdtC VI dAIC On Jul iAOesNo AoA
the wear 1891 amounted to 7O4, 399, Cos
tons Of freight. compared with 691. 344,
f 437 tons in 1890, an increase of Ii, O54,
J l72 tons.
Another indication of the general pros
perity of the country is found in the fac
t that the number of depositors in savings
! banks increased from 693, $40 in 1860 t.
/ 4,258. S92 in 1890, an increase Of 81;
per cent and the amount of deposit
T from $149, ,277, 504 in 1860 to s., ,524, s44
e 500 in 1890, an increase of 921 per cent
n In 1891 the amount of deposits in say
IS iDgs banks was 81, ,623 ,079, 749. 1t is es
IS timated that 80 per cent. of these de
e posits represent the savings of wage
earners.
The bank clearances for 9 months, end
9 ing September 80, 1891, amounted to "a l.
4 O49. 800 S0S. For the same month i
IS 1892 they amounted to $45, 1S9, 6O1, 94'
{. an excess for the nine months Of -
in 14O. O.211, 139.
t. There never has been time in our hi
ID tory when work was SO abundant {
er when wages were as high whether mea
he ured by the currency in which they a
nd paid or by their power to supply tt
,S. necessaries and comforts of life.
to It is true that the market prices
Ii cotton and wheat have been low. 1t
one of the nnfavorablc incidents of agl
tes culture that the farmer cannot produ
he upon orders He must SOW and reap
les ignorance of the agg regate production
on the year and is peculiarly subject to t
ty depreciation which follows productio
,ur But, while the fact [ have stated is trt
he to the crops mentioned, the general av'
zen age of prices has been such as to give
agriculture a fair participation IN
ew general prosperity. The value OF our
the tai farm products has increased frt
ted 81, 1863, GAG, S66 in 1860 to 81 500, 600, {
70, in 1891, as estimated by statisticians,
ear increase of $50 per cent.
bv The number of hogs January l, IL
900 was so, 625, 1S0 and their value 1910, 1e
in 925. On January i, 1892, the mum
500 was SO, 39S, ,009, and the value $24l, u
in AIS on January 1, 1891. The numbe
. in cattle was 36 875, ,648 and the va
the s544,127,9OS. On January l, 1892
D in number was 1861, 239 and the va
per $50, 749, ,155.
The Tariff Question.
,cnt If anv are discontented with tt
+ at state here, if any believe that wages
here prices. Lut GtbuluS lOi AohSoo VA:
ring inadequate, they snouiu no' ioi' W
our member that tnelr ls no o'hei ooun'i
for the world where the conaiClohs
in seem to them hard would not be accel
the as highly prosperous. The Engllsh
; of culturist would be glad to exchange
ned returns of his labor for those OF
re Of American farmer, and the Mapche
an workmen, their wages for those of
,uar fellows at Fall River. l believe tina
was protective system, which has nov
something more than thirty years col
oner ually prevailed in our legislation,
ring been mighty instrument for the
MAC, velopment of our national we
. EN- and a most powerful agency in pro
made ing the homes of our working men
diff the invasion of want. have fl
.rease most solicitous interest to preserve t
fs in working people rates of wages
377. would not only give daily bread
supply a comfortable margin for
or Of home attractions and family CON
nsetts and engagements without which
state neither hopeful nor sweet. They
20 the American citizens, part OF the
1890. people for which our constltutlo
there government we're framed and lnstl
m the and it cannot be perverslon
in the constitution TO so leglsia.e aS W p
same IN their homes 'no oonlo.o'
ence, loyalty and sense of interest
e year government whlcn are essen'lat ~
1892 citizenship IN place, anu "nicI
q was bring this stal"art tnrohs Do ~
q tons the defense OF the nag "n ~
largest sailed
For 1t is not my purpose W leno" ~
90 the argument in favor of protective
8 was The result OF the fecehe oio1'Aon =
50, ,71o accepted as having introduced
,prece policy; we must assume that the
;ss. .s71 tariff. constructed upon the lines
tion of lection is to be repealed and tina
months is to be substituted for it tar
against constructed solely with referel
asst six revenue, that no duty is to be hlg
cause the increase will keep OF