New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-07

merchandise for 500. when was $500 40? ,iG?,
also exceeded the annual average value Of the yen
years prior 10 1891 by Sl3j,?li.9,0. During me
fiscal year 1892 the vall of imports free OF duty
amounted 20 Sij7,99j.6js, tie largest aggIe-
gate ia the history Of our commerce. The
value OF the mPGN Of nsrcnan csr, e nf Sa
total value rof Imports, ao compared with 4J.J'
per cent in 1901 anC )" 90 pei cent IN lS9o
In ON coastw,c trade most encouraging oN
VclOpinent j. in progress, there having been III
the last four years an increase Of 10 per ceh'
In internal commerce he statistics slo" that
10 sch period Of prosperity has ever before eN-
listed The trrioht clTrlrd in The cOastwise trade
OF the Great Lakes in 1850 aggregated 2s,?H3''
90 tons. On the Mississippi. Missouri and Ohio
rivers and tributaries IA the same year IN"
traffic aggregated 29,I0..14G tons, and III"
total ye.sci Tonnage passing through the Detroit
River during that ycar vas ?l,Gs4,OoO tons
The vess" tonnage entered and cleared in fhr
foreign trade Of I.ondpn during 1890 ampnnfe''
10 l3.4SO,16, tons, and Of Liverpool 1891 500
tons. a total for these two great Shipping ports
Of 24.4??, jGs tons. only sligl'lr IN excess 81
the vessel tonnage passing through the Detroit
River Ard il should be said that the season
for the Detroit River was but 22S DAYS, while,
of course, in Lon lon and Liverpool the season
was for the entire var. The vessel tonnage
passing through III" s.. M1rvs Canal for the
fiscal year $50? amounted 10 9,9?S.6i4 tons,
and the freight tonna!e Of the Detroit River Is
estimated for that year a. 2j.0Cg.00o tons.
gate traffic on our railroads for the year 1891
amounted 10 7OI,30s,6Oo tons of freight. com
pared with Col, S4f.431 tons in 1890, an increase
If l3,0j4.l12 tons.
GENERAL PROSPERITY INDICATED
Another indication ,t the general prosperity
Of HE country is found in the fact that the
number of dcposito-s in savings banks increased
from G93,s70 in 1860 10 4,2js,S93 in 1890. an
increase Of 5l3 pei cent, and the amount of
deposits from SliQ.?17,j0I in 1850 20 $l,52i,-
s44,jOG in $780, an increase or 0?l per cent.
In flo Al Ipnnsits in banks
was - ,G!3,O79,149 II estimated tliat W
per cent Ut tlc," deposits represent the savings
of wage4alaer>. IT," bank clearances Tor n!nr
months ending September 30, 1891. anonntel
10 81, 0iJ,3gO.sO>. For the same months III
~! hey amounted 10 So, $3.50, o41. an en-
cess for the nine months Of Si,l4O,?l ,l3".
There has nc,cr L"on tim" IN our history
when work va, abundant or when wages
were high, whether nrmnr,'d by me currency
IN winch they are paid or by their power -
supply the ncces,arIes and cOu forts OF life. IL
i, irue that the market prices Of cotton and
wheat have been low. II l. one Of the uniaV-
orable incidents Of agriculture t2t the farmer
cannot produce upon ord -. lie must 50" ana
reap in Ignorance of the aggregate production
Of the year. and j. pecillI,rly subject 10 the de-
probation which iollJws oveproduotion. Bnt.
while the fact | have stated is true. a. 10 the
crops mentioned. the general average Of prices
has been such 10 iIte 10 aIrlcLltnic II far
participation in the general prosperity Tn" value
" our total farm pro1urts has increased from
<l.3G3.c4G.sGG in l~Gr 10 S'i0O,oOO.oOO N
1891. ~ esimalco by stati-tIcians, an increase
# 2IO per cent The nurn"r 81 hos January
l. 1egl, WAS iUC.i, 100, and their value S?lo,-
lo3.9?5: on ,IanulV !. 1892, the number was
-. jgs ,OI9. and the value S?il ,03l AZ. On
January /. 1891. the number OF cattle was
3Gs55GiS and the value Sj4i 1903: on
January !. ls92, the number was 3',Gjl?3o'
and m" value Si70.749.iii.
II any are discontinued with their state her':
il any believe that wages or prizes, me return.
for honest toll are inadequate. they should NJ
lail to remember that there Is no other country
in the world where the conditions that seem TO
them hard would not j." accepted as highly pros,
porous The English a2rlcuturst would be 2ll
to exchange the returns of his labor Tor th">'
Of the American farmer. and ia. Manchester work
men their wages for those Of tl"lr Fellows at
Fall River.
THE PROTECTIVE SYSTEM.
believe that the protective system, which ms
now for something more than thirty years
continuously prevailed in our legislation. has bccn
a mighty instrument for the development oil orr
National wealth and a most powerful agency IN pro-
ecting the homes Of our wOrkinGmen from the
invasion Of want ] have felt a most solicitous
interest 10 preserve TO our working peop.c rates
of WAGES that would not only give daily bread, but
supply comfortable margin for thos" nome
attractions and family comforts ana enJoymeh's
without which life is neither hOpeiul nor sweet
They are American citizens a part OF the sica'
people for whom orr constitution ana "oN'rn.
ncnt wcr, framed and nstiinted-anl II cannot
be- a perycrSion of that Constitution Ia so IrglS-
late rs To preserve, in their homes the conf art,
independence, loyalty, and sense OF interest IN
the Government which aIc essential to 200 'l'i-
zrnship in peace and winch will bring tins stat
wart throng as in 1861, 10 the defence OF III"
tag Thcn il i a>slled.
It's not my purpose 10 renew here the argu-
mcnt in favor Of protective tariff. lie result
nf rho recent election must be accepted a. having
introduced a new policy We must a'snm" thai
the present tarl. constructed upon th' Iih'S oi
protection is to he repealed. and that tber" il H.
rc substituted for it a tariff law constructed
solely with reference 10 revenue; thar no dGty
Is TO bc HIGHER because the increase Will keep
open an American mill or keep up 'he wages oil
an American workman. but tina; in every case
such "A rate OF duty j. 10 he imposed ~ VIII
bring To the Treasury of the United States the
hre,st returns of revenue. tn" contention has
not been between schedules, but between pinc-
pies AMI it would by offensive 10 suggest that the
prevailing party will not carry nv" "-i,lton
The principles advocated by il AMI ia" plciscs
eiycn to the people The tariiI bills
passed by the House Of REPRESENTATIVE at the
last session were. ~ | suppoN'-cycn IN ~" "ph
ion of their promoters inadequate, anI JlS'lh"l
only by the fact that the Senate and lloIse OF
REPRESENTATIVES were not in accord ana mar
General revision could not therefore. b" under
taken.
THE REVENUE TARIFF SYSTEM.
recommend that the whole SUBJECT Of tariff
revision he LETT to the incoming CONGRESS. IL Is
matter of regret that this work must bc dclavcl
for M lcas, three months: for the threat of great
tarln changes introduces much uncertainty
that an amount, not easily estimated, Of buSlnc y
maction ard Of dimiIlshc pro luctl'n VIII Iccs-
-a,y result. II is possible also that thI> urccr-
,ainty NAV result in decreased revenues from cas-
toms duties. Tor our merchants will make cal'ioas
orders for foreign goods ~ view of the prospect
of tarin reduction, and the uncertainty A. 10
when they will take effect Those who Fave adj
vocatrd protrcTvr talIIl cah welt AFFORD 10 have
their disastrous forecasts OF change of policy
disappointed. II system of customs dutl c'n
br framed that will set the lille wheels and looms
of Europe in motion and crowd our warehouses
with foreign made goods, and at the Same time
keep orr owl mills tmy; that will give MS an m
crra.cd participation in the markets OF the world
of greater value than the home market We sur
render: that will give increased work 10 foreign,
worl>mcn upon products to le consumed by our
pcoplc without Diminishing, the amount OF work
TO he done here: that Wi enable the American
m,nuf,ctur,r to pay 10 hi. workmrn from 30 g.