Weekly expositor. (Brockway Centre, Mich.) 1882-1894, 1892-12-09
HIS LAST MESSAGE.
PRESIDENT HARRISON SENDS A
LONG AND STRONG
Message to the Last Session of the Esd
Congress- Retaliation Upon Canada is
Advocated---A Characteristic Stand on
Tariff and silver---Departmen Reports

To the Senate and House of Represent
alive: In transmitting my message to
Congress l take great satisfaction in
being able to say that the general condi-
lions affecting the commercial and indus
trial interests of the country are in the
highest degree favorable. A comparison
of the existing conditions with those of the
most favorable period in the history OF
the country. VIII, l believe, show that so
high degree OF prosperity and so general
a diffusion of the comforts OF life were
never before enjoyed by our people.
dhe to ia e, weedth OF the country In 1860
SCI, 61O, OOo,0O0. an increase OF PSI per cent.
The official returns of the eleventh CEN
Sus and those of the tenth census for sew
enty-five leading cities furnish the basis
for the following comparisons: In 1880 the
capital invested i'm manufacturing was ST.
232. S39, go; in 1890 the capital invested in
manufacturing was 81, 500, fS5, Ss4; in 1880 the
number OF employees was 1,3Ol, 1888; in 1890
the number of employees was 2,251, 1874; in
1880 the wages earned were S50l, 965, rs; in
1890 the wages earned were 81, 22l ,l70, 454;
in 1880 the value of the product was 3d.
7l1,579 S99; in 1890 the value of the product
was 81, 500, 2S6, S37.
The new Industrial plants established
since October 6. 1890, and up to October %,
1892 as partially reported I'm the American
of existing plants, 10S; the new capital in
vested amounts TO $40, $50, and the
number of additional employees TO 81, 2S5.
The Textile World for July, 1892, states
that during the first six months OF the
present calendar year 135 new factories
were built, of which 40 are cotton mills,
as knitting mills, 26 wooden mills, Is silk
mills. plush mills and linen mills. OF
of the 30 cotton mills, n have been built
in the Southern States. Mr. A. B. Shep-
person, of the New York Cotton EX-
change, estimates the number OF working
spindles In the United States on Septem-
Der 1, 1892, at l5,2cO,0oo. an increase of &C.,
of cotton by American mills in 1891 was
2.39600O bales. and in 1892. 2,5S4,0OO bales,
an Increase of $4,000 bales.
The report of Ira Aver, special agent OF
the Treasury Department, shows that at
the date OF September 30, 1892, there were
thirty-two companies manufacturing tin
and terne plate in the United States and
fourteen companies building new works
for such manufacture. The estimated in
vestment In buildings and plants at the
close of the fiscal year June 80, 1893, II ex-
listing conditions were TO be continued,
was s. 900, 000 and the estimated rate of
production, 2OO;OOO0OO pounds per annum.
The actual production for the quarter end
ing September go 1892. was lO952,75
pounds.
1891 and the first six months of 1892 the
total production OF pig iron was 9,7l0,Sl9
tons, against 9.209. 703 tons in the year 1890,
which was the largest annual produc-
tion ever attained. For the same twelve
months OF 1912 the production OF Besse-
mer ingots was 3,S7s,5Sl tons. an increase
of 40 gross tons over the previously
unprecedented yearly production OF $685.
ST. gross tons in 1890. The production OF
,Bessemer steel rails for the first six
months of 1892 was ,4S6 gross tons, as
against 702 0s0 gross tons during the last
six months of the year 1891
FOREIGN TRADE.
The total value OF our foreign trade lex
ports and manufactures) during the last
fiscal year was sl,S57, 6S0,6l0, an increase
of SIPS. 2S3, 604 over the previous fiscal
year. The average annual value OF our
Imports and exports OF merchandise for
the ten fiscal years prior to 1891 was ST.
0QA ..~tn - Tl.as A1...N
foreign trade for 1892 exceeded this an
nual average value by $500 35S,59l, an in
crease of q. Il per cent. The significance
and value of this increase are shown by
the fact that the excess in the trade of
1892 over 1891 was wholly in the value OF
exports, for there was decrease I'm the
value of imports of Sl7,5l3,754. The value
of our exports during the fiscal year 1892
reached the highest figure i'm the history
of the government, amounting to S,0S0,
27S,14S, exceeding by Sl45, 1898 the ex-
ports of 1891, and exceeding the value OF
the imports by 500, S75,6S6. A comparison
of the value of our exports for 1899 with
the annual average for the ten years
prior to 1891 shows an excess of S265, l42,-
Col, or of Si65 per cent.
IMPORTS.
The value of our imports of merchan-
disc for 1892. which was Ss29. 400, 1852. also
exceeded the annual average value of thy
ten years prior to 1891 by $135, 2l5 $40. Dur
ing the fiscal year 1892 the value OF inn
ports free OF duty amounted to $f57 &c.,
of our commerce. The value of the i'm
ports of merchandise entered free OF
duty in 1892 was 55.35 per cent of the total
value of imports, as compared with 1875
ESQ. GEM - A0'A anu ''''' PCT cent !"
THE COASTwISE TRADE.
In our coastwise trade most encour
aging development is in progress thera
having been in the last four years an in
crease of 16 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 49, 1853 tons. On the Missis-
sippi Missouri and Ohio Rivers and trib-
utaries In the same year the traffic ag-
gregated %, 405,046 tons, and the total yes
sci tonnage passing through the Detroit
River during that year was u ,6S4OO0
cleared in the foreign trade of London
during 1880 amounted to 13,4SO,767 tons.
and OF Liverpool 1924 500 tons. total
49, & 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
~ days, while, Of course, in London and
Liverpool the season was for the entire
year rd,, The he vessel t3nnaSe passing pas Ing
cal year 1892 amounted to 9,S2SS74 tons,
and the freight tonnage of the Detroit
River liver Is estimated for that year at 20, e.
The aggregate traffic on our railroads for
the year 1891 amounted to 704, 1895, 500 tons
OF freight, compared with COL ,3H, Az tons
In 1890. an increase of 13,054.172 tons.
DEPOSITS IN SAVINGS BANKS.
Another indication OF the general pros
perity of the country is found in the fact
that the number of deposltors in savings
banks increased from 693 $40 in 1860 to A.
258. 1913 in $780, an increase OF 513 per cent,
and the amount of deposits from $149, 277,-
bOf In 1860, to H,5A, 44,506 in 1890, an in
crease OF 921 per cent. In 1891 the amount
of deposits I'm savings banks was 81 ,623, 079,-
40. IT is estimated that 80 per cent OF
these deposits represent the savings OF
wage-earners.
WORK AND WAGES.
There has never been a time in our
history when work was so abundant or
when wages were as high, whether meas
ured by the currency In which they are
paid or by their power TO supply the neces-
saries and comforts OF life. IL Is true that
the market prices OF cotton and wheat
have been low. 1t is one of the unfavor-
able incidents of agriculture that the
farmer cannot produce upon orders. lie
must SOW and reap I'm Ignorance OF the ag-
gregate production Of the year, and Is
peculiarly subject to the depreciation
which follows overproductton. But,
while the fact have stated Is true, as 70
the crops mentioned. the general average
OF prices has been such as TO give 20 agri-
culture fair participation In the general
prosperity. The value OF our total farm