Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1892-12-10
ON the MlssissIppI, MIssouri and ohio riyers

mage passing through the Detroit river during
that year was 81 1881, 600 tons Tho vessel ton
mage entered and cleared in the foreign trade Of
London during 1890 amounted to 10, ,4s0, 767 tons,
and of LIVERPOOL lO0il 800 tons n total for these
two great shipping ports of "a 4ca sos tons, only
slightly In excess of the vessel tonnage passing
through the Detroit river. And 1t should be
said that the season for the Detroit river was
but 22S dnys, WHILE OF course, in London and
Liverpool the season was for the entire year.
The vessel Tonnage passing through the st.
Mnry's canal for the fiscal year 1892 amounted
to 9, ,S2s STt tons, and the freight tonnage OF the
Detroit river Is estimated for that year at 20
000,0OO tons again % 900 6I9 tons In 1891. Tho
aggregate trafllc on our railroads for the year
1891 amounted to 10i, ,S9S Coz tons OF freight, com
pared with COL 3ii 437 tons in 1890, increase OF
1305i, IT2 tons.
Another indication of the general prosperity
OF the country Is found in the fact that the
number OF tcpositors In savings banks increased
from 6g3 $40 in 1860 to 425s 500 in 1890 On in
crease OF ki3 per cent, and the amount of de-
posits from Si49 4 in 1869 to ST. 524 Si4 506 in
1890 an increase of q2l per cent. In 1891 the
amount of deposits in savings banks was 81, 623,-
019 740 1t is estimated that 90 per cent of these
deposits represent the savings of wage earners,
The bank clearances for nine months ending
September 30 1891, amounted TO s41, ,O49, ,39o, ,S0s
For the same months in 1850. they amounted to
S5, lS9 6O1, DIT, an excess for the nine months of
I,it0,2il,l39. There never has been n time in
our history when work was so abundant or
when wages were so high, whether measured
by the currency In which they are paid or by
their power TO supply the necessaries and com
forts of life
IT. IL true that the market price 8 OF cotton ana
wheat have been low. 1t Is one OF the unfavor.
able incidents OF agriculture that the farmer
cannot produce upon orders. He must sow and
reap in ignorance of tho aggregate production
of the year, and is peculiarly subject to the de-
probation which follows over production But,
while the fact have stated is true to the
crops mentioned. the general average OF prices
has been such as to give to agriculture fair
participation in the general prosperity.
II any are dscontented with their state here;
II any believe that wages or prices, the returns
for honest toll. are inadequate, they should not
fail to remember that there is no other country
In the world where the conditions that seem to
them hard would not be accepted as highly pros
porous. The English agriculturist would be
glad to exchange the returns of his labor for
those of the American farmer, and the Man
chester workmen their wages for those of their
fellows ut Fall River,
THE PROTECTIVE SYSTEM.
l believe that the protective system, which
has now for something more than thirty years
continuously prevailed in our legislation has
been mighty instrument for the development
of our national wealth and most powerful
agency in protecting the homes OF our working
men from the invasion of want have felt Il
most SOllCltOuS interest 10 preserve 10 our WOTh-
nE people rates OF wages that would not only
give daily bread but supply comfortable mar.
gin for those home and family comforts and en-
ioyments without which life is neither hopeful
nor sweet.
1t is not my purpose to rem ew here the argu-
ment in favor of q protective tariff. The result
of the recent election must be accepted as hav-
ing introduced new policy. We must assume
that the present tariff, constructed upon the
lines of protection, is to be rep ealed ana mat
there is to be substituted Tor IL tarlr law con
structed solely with reference TO reVenue' that
no duty is to be higher because the increase VIII
keep open an American mill or keep up the
wages of an American working man, but that IN
every case such rate of duty is TO be imposed
as will bring to the treasury OF the United
States the largest returns OF revenue Ihe
contention has not been between schedules. put
between principles, ana II Would De ohensiVe
to suggest that the prevailing party viii not
carry into legislation the principles aaVocaIeo
by it and the pledges given to the people Ihe
tariff bills passed by the house OF representa-
tives at the last session, were, as L supposed
even in the opinion OF their prcmoters.h.
adequate, ana )ustinea only oS tho iie. tiiA'
| not in accord and that general revision coulo
not therefore, De Undertaken.
TARIFF REVISION.
recommend that the whole suplecN Oh tarln
| revision be left to the incoming congress- IL It
matter OF regret thal this WORK ihust pe ueilSeo
| for Mt least three months lof the threal o.
| great tariff changes introduces 30 much uncer
| tainty that an amount not easily es'ilnateu, o.
| business inaouon ana OF diininisheu proouetioi
| Will necessarily result us poss lpe also tna
| this uncertainty may result IN decreased reVe
nues from customs duues, 10. our herohnhn v
VIII make cautious oruers iut 1oi.sn ~.
| view of the prospect OF tarin reductions ana I'M
uncertainty as to when tney VIII take erect
| OUR FOREIGN RELATIONS
Our relations with other nations are now un
disturbed by any serious controversy. Tn
| complicated and threatening differences witt
| Germany and England relating to Samoan al
| fairs, with England in relation to the seal hsh
| cries in the Bering sea, and with Chile growing
| out of the Baltimore affair, have been adjusted
| RECIPROCITY.
There have been negotiated and con cluded
under section Of the tariff law, commercial
agreements relating to reciprocal trade witt
| the following countries: Brazil Dominican Re
public, Spain for Cuba and Porto ki o, Guate
mala, Salvador, the German empire, Grea
| Britain for certain West Indian colonies, an