The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1892-12-15
THE PRESIDENTS MESSAGE
CHS ANNUAL REVIEW OF THE
NATIONS AFFAIRS.
The President Recommends That
Tariff Revision Be Left TO the
Next Gongress--A General
Review Of Affairs and Pro-
gresS OF the Nation.
Washington, Dec. 6.-President Harrison's

message reads as follows: A eGS
TO the Senate and House Of Representa-
&aVes: In submitting my annual message 10
congress have great satisfaction in being
able to say that the general CO editions
serests Of the United States are In the high
est degree favorable. A comparison OF the
'sxistiEg conditions with those Of the most
Favored period in the history of the country
Of prosperity and so general diffasion Of
Che comforts Of life were nevar before en-
t0yed by our people,
The total wealth Of the country In 1850
was SIC, 159, GIG O6s. In 1890 it amounted to
Yhe total mileage Of railways in the United
States in 1860 was 3O,626; in 1890 it was
Is that there Of W Be about a 4o
year 1892. The official returns Of the
sss for seventy five leading cities furnished
the basis for the following comparisons:
uFn1 is Sas t9s sss IT he
ss sk I Invested in manufacturing was s2,eoo'-
vas si: ST, 1 q lsSo the NUMBER OF employees
In 1880 the wages earned were S501 $685.
rs In 1890 the wages earned We're SILL
In 1880 the value Of the product was 81
SsS sss i IN sed 1899 sse 9Th the value OF the
Il. an. inforlned by the superintendent of
the census that the omission of certain In
I'm S Ms or the
crease thus shown. but after making full
allowances for differences of method and
esasd n the eersus Of ss hes rem
In the reports from these seyenty-fye cities
an nsrsnse In the capital employed a OF 81 L.
s2.024 236, 166: in wages earned Of SGT .043..
ess, and d., in the he number Of earners employed
show an increased aggregate, hut nm in
crease per capita from 1886 in 1880 to $547
En- 1880. or ALI per cent.
THE NEW INDUSTRIAL PLANTS
established since Oct. e. 1880, and up to
Oct ~, 1882, us partially reported in the
American Economist, number $40, and the
extension of existing plants lOs; the new
2sa- The Textile World for july, 1882,
that dung the first six months Of the
sts 1nff Of WHICH ant fiSGsy n afS s?s
linen Mills 81 5fk the @ IL c pon Mills AM II
have been built in the Southern states. A.
b. Stephenson. Of the New, York Cotton
IN the Unite ted 9 STATES on n SqaA
cotton tb BE- aS9 hS n f fSDDIumps
0u9 bales and in 1892 2,534,OOO bales, an in
crease of 1Ss000 bales. From the year 1860
2 @ there re- has been q Sc
81 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 Sept. so. 1892, there We're. thirty:
terne plate in the United States and four
teen companies building new works for such
mar ufacture. The estimated Investment in
fiscal Year June 50, 1898. # Existing con- on
siitions were. to be continued was s. 1000 900,
and the estimated rate Of production 900
WUt.NU bounds annum The GctDa1
5sss. was 1o.o55.72s pounds Ths report nsp' Of
shows that during the year 1901. in about
5000 manufacturing establishments in that
mate ST @ an Tn the spee
r. 1873 Of NJ i s v aIse
Value Of Wages an PAID d. Ths report Of the the
saST; tSat t. ~ Industries II TIT ststs
1881 against s12sososoa in 1880 .na an sf in-
OF Of 81 4o ard n that there
SONS emDloved in the same period. pe'
,s smrn ing the the list six months Of thc year
hf rst If s liz mH ron Of t1c
TONS as against Q 2007os tons in the Year
9H whlc' the largest annual proorc
months OF 1901 and 1900 +hc production Of
Bessener ing"ts was 3.S7s5s1' tons. IN in
[<sehse OF l%l1,O gross tons over tho pre-
Vows unprecedented YEARLY production Of
ssss 81 gross tons in 1890 The n at, ".
ton "f Ressnner steel rolls for the first six
-'arainst 7o2Oso gross tons DIVING tho ,S 1o 't
rNS mo"ths of the year 1891. The total
value Of $500 A WA
OUR FOREIGN TRADE
teexports and manufacturers during the last
"s us; year was 9l ooi, 6ou,oIO increase Of
'ss2nuNo'Io.oo4 oyer the previous fiscal year.
Ihe average annual value OF our 1muOrrs
"auu exports or merchandise the Ten us
'<:A Years prior to 1851 was 81 41I ~. OI!
AZ viii be oDselve that our foreign trade
Tor lo92 exceeded this annual average y;lIue
'oy SfOoooS,ool, all increase OF 21.47 per
crease are SHOWN by the fact that the ex-
cess Ill Trade OF 1897 over 1871, was Wholly
IN enc Yalue OF exports, Tor there was u ue-
i, S5t. TIE value OF our exports during Tie
fiscal year OF 1852 reached the highest n.y.
ountng to h Il q the
" ~ ~ '33S the exports OF 1891 and exceed
ans the Value OF the imports by S2O2, S75,-
ports 1Or 1872 with the annual average for
the s Ten years e prior to 1891 shows an excess
oa, no. 81 t42 o or Of s4e5 per cent The
1857. which was 9o20, 402, 462, also exceeded
ior tn is ve ia xspe q the ten years
FISCAL year 1882, the value Of imports free
OF duty amounted to S457, y00, 65S, the largest
aggregate in the history Of our comm er zee.
entered free Of duty. in 1902 was 1886 pel
cent OF the total value Of Imports, us com.
pared with 43.35 per cent in 1891 and *. 6e
per cent in 1890. $3.50 =
In our coastwise trade q most encoura o.
Ding development is IN progress there hny.
lzng been III the last four Years an increase
OF 1S per cent In internal Commences the
statistics slow that no such period of pros
perity has ever before existed. The freight
carried in the coastwise trade of the rreat
lakes in 1890 aggregated 2S, 2O5,D5O tons,
On the Mississippi, Missouri and Ohio riv
ers and tributaries in the same year tho
total vessel tonnage passing through the
Detroit river during that year was II .eS4.
900 tons. The vessel tonnage entered an'
cleared i'll the foreign trade of London dur
,ang 1890 amounted to IL, 4SO, 7G7 tons and o.
Liverpool 1854, 800 tons, a total for these
two great shipping ports of "a, 400, 5jS tons
only slightly in excess Of the vessel tonnage
passing through the Detroit river And 81
should be said that the season Of the De
troit river was but 229 days, while. O
course, in London and Liverpool, the seasol
was for the entire year. The vessel ton
mage passing through the st. Mary cana
S74 tons, and the freight tonnage Of the De
troit river is estimated for that year n
25OOO,OOO tons. against 23,209. 615 tons ii
1891. The aggregate traffic on our, railroad
Tor the year 1891 amounted to 7O4, 30S. co
tons of freight, compared with COL 344. AZ
sfOns in 1900. 6n increase Of 3,O54172 tons
Another Indication of -
E4 TIE GENERAL PROSPERITY
.Of the country is found III the fact that TIL
number of depOsitors in savings banks in
creased from 693, $40 iii 1860 to q. o5S. SD3 fl