River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1892-12-08
rREsrDAxr nARRIsoN's MESSAGE.

% say mat the general conditions Affecting the
commercial and industrial interests Of the
United States are in the highest degree favora-
BILE a comparison OF the existing conditions
with those Of the most favored period ia the
50 high a degree OF prosperity and 80 general a
diffusion o. the comforts Of life were never be-
fore enjoyed BY our people.
Wealth of the Country.
The total wealth Of the country in 1850 was
80 l59 5l6Uds- IN $50 Il amounted 10 So. CO.
5voOVl an increase Of - per cent
Railway Statistics.
The total mileage OF railways in the United
an increase OF AS Per cent; and il is estimated
that there viii be about 400 miles u track
added by the close Of the year lsss
The Census.
The onlcial returns OF the eleventh census
and those OF the tenth census Tor seyenty-five
leading cities furnish the basis Tor the following
comparisons:
In 'iss0 the capital invested in manufacturing
was H.&2. 5000 In ls9l. the capital invested
IN manufacturing was s2.sJJ. So In ISral the
number OF employees was l..0l,3s3 In 1890. the
number Of employees was 2.2li. 1884, In issl. the
wages earned we're sjJI .9fl5.7ss In 1880 the
wages earned were sI.-sl. l50s5t. In 1870. the
value u the product was ss.sil .559. so In iS.0
the value OF the Product was -, so. 2s6 So.
am Informed by The superintendent OF the
census that the omission OF certain industries
N ls-0 which were included in is9J accounts in
part for the remarkable increase thus shown.
But, after making full allowance for differences
Of method and deducting she returns for an in
dustrleS not included in the census OF lsSl.
there remain in The reports from these IS cities
increase in the capital employed Of sl.a22. 1i5.-
04' IN the value Of the product o. - 02f ,3j j5
IN wages earned OF s6i1p43gs9. and IN the mum.
Der Of wage earners employed Of S5jS@9 The
wage earnings not only show an increased ag-
gregate. but an increase per capitA from 1856 in
lse1 10 slis ia 1880 or Al n per cent.
The new Industrial plants established since
October 6is9l. and up 70 October 2s.lsss. as par
TALLY reported IN the American Economist,
number 3i5. and the extension Of existing
plants igs, the new capital invested amounts 10
siO,ii9.oso and The number OF additional en-
The Cotton Industry.
The Textile World for July 1892 states that
during the first six months ~ the present cal
endar year l35 uew factories were built, of
which - are cotton mills, - knitting mills, 81
wooden mills, 10 silk mills. plush mills and >
linen mills OF the 40 cotton mills p have been
bullt IN the southern states Mr. a b. Shep-
person, Of the New York cotton exchange, esti-
mates the number of working spindles in the
union September I, 1882. at 80 600 an in
crease OF 26J,OoO over the year 1891 The con.
sumption OF cotton by American mills in 1891
vas $50 % bales and in ISs2 2,5si OU9 bales an
ls9s inclusive, there has been an increase in
the consumption OF cotton in Europe Of g! PER
cent, while during the same period the increase
IN the consumption in the United States has
been about $50 per cent
Tin Plate.
The report Of Ira Aver, special agent Of the
treasury department, shows that al the date Of
September 30 1892 there were thirty two com.
panies mani f1eiurng tin ana teri plate In the
United States ami fourteen companies building
new works for such manufacture. The esti-
mated investment in buildings and plants at the
close OF the fiscal year, June 81 1923 il existing
conditions were 10 be continued, was sSOJJ.00
and the estimated rate of production 2l0,oOO,0OO
pounds per annum The actual production OF
the quarter ended September 30 1892 was TO-
s52,925 pounds.
some Labor statistics.
The report OF Labor Commissioner Peck,
OF New York, shows that during the
year 1891. in about 600 manufacturing
establishments in that state embraced
within the special inquiry made by him,
and representing sixty-seven different in
dustries- there was a net increase over the year
ies0 OF 3!5, l3l6s in the value OF the product
and OF sos rs % IN the amount OF wages paid.
The report Of the commissioner OF labor for the
state OF Massachusetts shows that 3,7ij indus
tries in that state paid Si29,4l6,2is in wages
during the year 1891. against Si2S 0j03s3 in 1890
an increase Of - ,i35, SIS and that there was an
increase Of 80. 932, $50 in the amount Of capital
and Of 1916 in the number Of persons employed
in the same period.
Pig Iron.
During the last six months OF the year 1891
and the first six months OF 1892 the total pro-
duction Of pig iron 9.4l0.sI9 tons, as against
9.019.7u3 tons in the year 1880 which was the
largest annual production ever attained For
the same twelve months OF 1912 tho prOduc-
ton Of Bessemer ingots was 3s's5Si tons, an
increase Of 1910 gross tons over the produc-
tion OF 36sS.s 7i gross tons in 1880 The produc-
ton Of Bessemer steel rails for the first six
months Of 1899 was a., 436 gross tons, against
7O2,Os0 gross tons during the last six months OF
the year 1891.
Exports aud Imports.
The total value OF our foreign trade (exports
and manufacturers during the last fiscal year
was II So 6S0 SO an Increase OF si2S 2 GA over
the previous fiscal year The average annual
value OF our imports and exports Of merchan-
Sc for the ten nscal years prior to 1891 was
sl,455,Ss2,Ol9. IL will be observed that our
foreign trade for ls92 exceeded this annual
average value by 500 SOL an increase of
2. A. per cent The significance and value Of
this increase are shown by the fact that the ex-
cess in the trade Of ls92 over 1891 was wholly IN
the value Of exports, for there was decrease
in the value Of imports Of sl7.5i3.554.
The value OF our exports during the fiscal
year 1872 reached the highest figure in the his
tory OF the government. amounting 10 sLO30,-
27s las, exceeding by sii5597 .33s the exports OF
1891 and exceeding the value OF the imports by
s2tr2ss5,6sf a comparison OF the value Of our
exports for 1892 with the annual average for
an an excess i :s55.iie.e5i, or 9 of 'l s. IS
per cent. The value Of our imports
also exceeded the annual average value OF the
ten years prior 10 1891 by sI35.2i5gl0 During the
fiscal year 1892 the value o. imports free OF duty
amounted TO si57 ,9s9 65s. the largest aggregate
in the history Of our commerce. The value Of
imports II merchandise entered free OF duty in
l-s2 was 10 % per cent OF the total value OF i'm
ports. as compared with 1915 per cent. In 1891.
a nd % 80 per cent IN leyl
Inte rnal Commerce.
In our eoastwise trade most encouraging de
yelopmeni Is IN progress. there having been In
the last.fOur years an increase OF 10 per cent
In internal commerce the statistics show that
no such period OF prosperity has ever before ex-
isted- The freight carried in the coastwise
Trade OF the great lakes in 1850 aggregated Is
On the Mississippi Missouri and Ohio rivers
and the tributaries in the Imc year the trafic
aggregated p 10 J46 tons and the total vessel
tonnage passing through the Detroit river DUR
ing thai year was p .6sIOlO tons The vessel
tonnage entered and cleared in the foreign
trade Of London during isso amounted 10 1880
20 ions. and OF Liverpool 1919 $50 tons total
Tor these two great shipping ports Of p ,422 56s
tons. only slightly in excess of the vessel
tonnage passing through the Detroit river And
Z should be said that the season Of the
Detroit river was but - days, while. Of course.
u London and Liverpool the season was Of the
entire var. The vessel tonnage passing
through the -. Marys canal Of the fiscal year
ls9s amounted 10 9. - ss4 tons. and the freight
tonnage CT the Detroit river is estimated for
that YEAR az 25.OJ0O01 tons, against y 30. 6i9
rOa'.s :Ov he year 1891 amounted To ~. 80, 600
tons % freight compared with Sol 3i4 49, tons in
1880, al Increase Of i3,O5i,l5 tons.
savings Bsuks.
Another Indication q the general prosperity
Ct the country Is found in the fact that the
nueibcr OF depositors In savings banks in
creased from 695 $40 in 1853 - ass SOB in 1870.
a increase OF 5l3 per cent. and the amount Of
deposits from si4g,2s7.E0i in 1850 10 si,524sli.-
sos IL 1920. an increase Of 81 per cent In 1871
the amount Of deposits in savings banks was
Si,i2305a.s49 II Is estimated that 80 per cent
% these deposits represent the savings OF wage
carucrS The bank clearances for uve months
31,S0S For the same months in 1872 they
amounted 70 S45 ise 6Oi 9t7. an excess for the
nine months OF s4t4J.2iiiS9
An Era of Pros perity.
There never has been time in orr history
when work was so abundant or when wares
were as high. whether measured by the cur
rcucy in which they are paid or by their power
70 SuuUlc the necessaries and comforts OF life.
II Is true that the market prices Of cotton and
wheat have been low. II il one Of the unfavor.
able incidents Of agriculture that the farmer
cannot produce upon orders he must sow aud
Of the year and i peculiarly subject To the de-
probation which follows overproduction. But
while the fact I have stated Is true as 10 the
crops mentioned. the general average Of prices
has been such a TO give 10 agriculture fair
participation in the government prosperity.
Value ot Fsrn Products.
The value Of our total farm products has in
600 in 1891 as estimated by statist.cians. an in
crease Of 80 per cent. The number OF hogs
January /. 1891. was 50 625.io6 and their value
ssl0. 1913 -: on January ]. ls42 the number was
}, 1891, the number 81 cattle was S6sIs.6ss ana
The value S5sf i27.ec. on January !, ls9e, the
number was s. .6Si , 3 and the value S5s0s49 i5a
American roiIers Well on.
II ar nra discontentec with their state here:
4 any d eve that the wages or prices, the re
turns for EOnest q are inadequate, they should
not fail 70 remember that there IS no other
seem % them hard would not be accepted rs
highly PROSPEROUS The English arriculturist
veuld ne glad 10 exchange the returns % his
l..'o- Tor those o; the American farmer and the
Manchester worsmcn their wages for those OF
heir fellows at Fan river
Due TO Protection.
believe that the protective system which
rur- for Snsnarfrug like thirty wears has pre-