The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-07
UNExAMpLED PROSPERITY.

Remarkable Increase in Business of the
Country and in Wages of Working People.
WASHINGTON, Dec. 6.-President Harri-
son submitted his annual message to Con-
gress to-day. 1t Is as follows:
To the Senate and House Of Representatives:
In submitting my annual message to
Congress have great satisfaction In being
able to say that the general conditions
affecting the commercial 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, l believe. show that SO
high degree of prosperity and so general
O diffusion of the comforts of life were
never before enjoyed by our people.
The total wealth Of the country IN 1860
was $40. .159.6l6.06S In 1880 it amounted to
The total mileage of railways in the United
States in 1860 was &c. 0.626; in 1890 it was 167.
TAI, an increase o. 44S per CENT; and 1t Ia
estimated that there will be about 1900
miles of track added by the close of the
year 1892. The official returns of the
eleventh census and those of tho tenth
census for sevent ty- five leading cities furn-
ish the basis for the following oompari-
sons:
In 1880 the capital invested in
manufacturing was. .----- 81 ,232, ,S39, ,67O
In 500 the capital invested In
manufacturing WAS. 1900, ,735,SS4
e In 1851 the NUMBER or employees
was ..-.....--.........:..... 1.Sol,sss
In 1890 the number of employees
In Tas 1850 the wages earned were. s5oi,9e57ss
In 1890 the wages earned were 1,22l ,170, Asa
In 1880 the value of the product
In 1890 the value Of the product - '''''
was 4,S6O, ,2S6 ,S37
am informed by the superintendent of
the Census that the omis6iO on of certain In
dustries in 1880. which were included in
1890, accounts in part for the 1remarka able
increase thus shown. But, after making
full allowance for differences of method
and deductinR the returns for all ind us
tries not included IN the, census of 1880,
there remains in the reports from these
seventy five citles an increase in the cap
ital employed of Sf,b22 745 t04?in the value
of the product of 81 2024, 1885, 166: in wages
earned of S677. .943, go and in number of
wage-earners employed of S56,029. The
wage earnings not only show an increased
from $3.50 in 1880, to S547 in 1890, or 4l.71 per
cent
INCREASE IN THE GREAT INDUSTRIES.
The new Industrial plants established
since Oct 6. 1890. up to Oct. %, 1902, as par
TALLY reported in the American Economist,
number 345, and the extension of existing
plants los. The new capital invested
amounts to $40. 050, and the number of
additional employees to 1925.
The Textile World for July. 1892 states
that daring the first six months of the
present calendar year 135 new factories
were built, of which 40 are cotton-mills, 48
knitting mills. 26 woollen mills. 15 silk
mills. plush mills and line mills. OF
the sixty cotton-mills twenty-one have
been built in the Southern States.
Mr. A. Is. Shepperson. OF the New York
Cotton Exchange. estimates the number of
working spindles in the United States on
Sept. l. 1882. at 1920. coo. an increase Of
Go, 900 over the year 1891. The consump-
tion of cotton by. American mills in 1891
was 2, SOC 900 bales, and In 1892, 25S4, 900
bales, rn increase of 1SS,000 bales. From
the year 1863 to 1892. inclusive, there has
been an increase in the consum ption of
cotton in Europe of 80 per cent, while dur
ing the same period the increase of con-
sumption 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 were thirty
two companies manufacturing tin and
terne-p D late in the United States and four
teen companies building new works for
such manufacture. The estimated invest
ment in buildings and plants at the close
of the fiscal year, June 80, 1693 II existing 9
conditions were to be continued. was S5,
100000 and the estimated rate of production
s00O 600 pounds per annum. The actual
production for the quarter ending Sept 80,
1922 was 10, 952, 725 pounds.
The report of Labor Commissioner Peck,
of New York, shows that during the year
1892 in about six thousand manufacturer 2
establishments in that State embraced
within the special inquiry made by him
and representing sIxty-seven different in-
dustries there was net increase over the
year 1890 of S31. .315 130 6S in the value of the
product and of Sc. 377. 925. 90 in the amount OF
wages paid. The report of the Commits
sioner of Labor for the State of Massa-
chusetts shows that s. 745 industries in that
State paid sl29. A 6 2iS in wages during the
year 1891. against S126, ,030, ,3O3 in $780, an in
crease of s.. 335. 9f5 and that there was an
increase of 80 9S2. $50 in the amount of CAPT.
tai and of 7,346 in the number of persons
employed in the same period.
During the last six months OF the year
1891 and the first six months of 1852 the
total production of piQ-iron was 9.710Sls
TONS as against Q.209, 703 tons In the year
$780, which was the largest annual produc.
tion ever attained. For the same twelve
months of 1S9l-s2 the production of Bes
semer ngots W as 3. S7S. .5Sl tons an increase
| of lS9.710 gross tons over the previously un-
| precedented yearly production of 3.6SS. 81
| gross tons in $780, The production of Bes
/ semer steel rails for the first six months o.
1902 was 7i2.s s35 gross TONS as against ZOE.
0S0 gross tons during tho last six months o
! the year 1891.
ENORMOUS INCREASE IN EXPORTS.
The total value of our foreign trade lex.
ports aud manufactured during the las,
fiscal year was 81. .s57, ESQ. 610. an increase o
| Sl2S.2 S.2C3,c04 over the previous fiscal year