The Globe-republican., 1892-12-09
PRESIDENTS MESSAGE.
President Harrison's Last An:
nual Message.

| IO0s message
To TIE SENATE AND HOUSE OF RIPlKsxxrA
TIvEs*In submitting my annual message b
congress 1 have great satisfaction In being all
| to say that the general conditions affecting tn
| commercial and industrial interests of Ii,
United States are in the highest degree favor
| able. In mparison, the existing condition
| with those of the most favorable period in til.
history of the country will. believe. show tha
50 high q degree Of prosperity and 20 general
| diffusion of the comforts of life were never b
fore enjoyed by our people.
The presiden then gives statistical statement
Of the country's wealth and adds:
The new industrial plants established since
October 6. $780, and up to October q, 1892
number IS, andthe extension Of existing plant.
l0S; the new capital invested amounts to $40.
A9,05O. and the number Of additional omploye,
to s7,2s5.
During the first six months of the present cal.
endar year, LIS new factories wer. built, OF
ting mills. ,wenty-six v Glen mills, fifteen sill
mills, four plush mills and Two linen mills. Oi
the forty cotton mills. twenty-one have been
built In the southern states.
The total value of our foreign trade, exports
and manu- actures during the last fiscal year
was s.. 5000 an increase of $l2S a3 6Ol over
the previous fiscal year. Tho average annual
81 sae ten fiscal years PRIOR to 1884, was s'''
1t will be observed that onr foreign trade for
1ss2 exceeded this annual average value By $500,
ni6cance and value of this inc rease il shown by
the fact that the excess in the trade OF lss2 ever
1891 was who ly in the value OF exports, for
N7.5Is,s54. ~ ~ % ~
Tho vessel tonnage passing through the St.
Mays canal for the fiscal year 1897 amounted to
t<Hns anil hAf poir kr %~,. 40
troit river is estimated for that year at
tons against g. 2s.6l9 t m in 1881. Tho aggr.-
gate traffic on our railroads for the year 1891
with Cyl ,3A 49, tons in 1850. an increase Of b.
0e4 l72 tons: while the total tonnage Of the ports
Of London and Liverpool during $50 was but
The number Of depositors in savings banks in
creased from 697 $40 in 1850 to 9s in 1880 an
increase OF 5is per cent and the amount Of depos-
an increase Of s2l per cent. In 1891 the amount
OF deposits in savings banks was 81, 02s O197l9
1t is estimated that 81 per cent of these deposits
represent the savings of wage earners.
There never has been time in our history when
work was 30 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 comforts of life. 1t is true that
the market prices of cotton and wheat have been
low. 1t is ono of the unfavorable incidents of
agriculture that the farmer cannot produce upon
orders,
But while the fact have stated is true a. to the
crops. have mentioned. the general average of
prices has been such as to give to agriculture q
fair participation in the general prosperity. The
from 81 s66 s66 in 1861 to S. SEQ zoo In 1891.
a. estimated by statisticlans, an increase Of ESQ
per cent: The number of hogs January 1, 1891,
uary 1922 the number was s., sQe ,Gl9, and the
value $241, 931 ,415. On January j. 1891, the num-,
ber or cattle was So, s7s6is aud the value $544,-
~ sos: on January l. 1892 the number was 81 651.-
2a9 and the value S5io.7 bliss.
II any are discontinued with their state here; If
any believe that the wages or prices the returns
iCr honest toll. ere inadequate. they should not
fail to remember that there is no other country in
the world where the conditions that eesm to them
hard, would not be accepted as highly prosperous
Inc English agrleulturist would be glad to e1-
American farmer, and the Manchester workman
his wares for those Of his fellows at Fail River
l believe that tho protec'ive system. which
vailed In our legislation has been . mighty in |
strument for tho oey eiopment of our rational
wea tn, and most pow ,rful agency in protect |
asIoa OF want. l have felt most so icitous i
interest to preserve to our working people rates
oi wages that won not only give daily b cad |
attrac ions and fan ily comforts and enioyments
Without which life is neither ho- eful nor sweet
They are American citizens part of the great |
nent were framed nd insrituted-and it cannot /
DO pervcrsion of rat constitution to 70 lcgis-
ate as to preserve in their homes the comfort
Independence. loyalty and sense Of interest in
ne government which are Q sentiel to good
citizenship in peace and which will bring them,
"a In ls7l, to the defense of the feg when it is
1 recommend that tho whole subject of tariff
evislon be left to the incoming congress. 1t il
! matt of regret that this work must Re de-
ayed for at least three months for the threat of
reat tarlf changes introduces SO much uncor- |
ainty, that an amount not east 9 timated of
business lnaction and of diminished production
~ nece sarily result. 1t is possible also that
uss from customs dut es, for our merchants
riu mike cautious orders for 'oreien goods in
lew OF the prospect of tariff reductions and
II system of customs duties can be framed |
hat will set the idle wheels and looms of Eu-
ope In mo Ion and crowd our warehouses with |
ur own mills brsy; that will give us an in.
Teased participation In 1.-The markets of the |
'orld' OF a greater value than the home market
nat We surrender: that will give increased
'ork to foreign work men upon product. to be
onsumed by our people without diminish ne
he amount OF work to ce done here; that will
maple the American manufacturer to pay to his
4 wages than 10 paid in the reign mill and
et to comrete il our markets and in fore IN
laIke1 With the foreign producer: that will
nrther reduce the cost of articles Of wear and
300 without reducing the wages of those who
roduce them; that can be celebrated after it's
fleets have been realized. as its expectati ion
1 l.
tiles, the author. and promoters of it will be
ltltled to the highest praise. We have had in
ar history several experiences of the contrast
I effects OF revenue and of a protective
lrlH but this generation has not felt them, and
re experience of one generation is not highly |
lstructive to the next.
The attention. not only of congress, but of the '
,untry, is again invited to the methods of adj {
inistration which have been pursued, and to
10 results which have been attained. Public q
venues amounting to 81 ,l14 .079 81. % have 2
zen collected and discussed without loss from b
appropriation, without single defalcation 9
such importance as to attracl the public at I
ntion. and at diminished per cent Of cost for O
election. e
The complicated and threatening differences | q
it'll Germany and England relating to Samoan | o
fairs, with England in relation to the seal
'heries in Behring sea. and with Chill grow
g out OF the Baltimore affair, have been ad-
sted.
The following statistics show the increase in q
II trade with the countries with which we
I've reciprocal trade agreements from the date
hen such agreements went into effect up to | .
'ptember 81, 1892. the increase being in some
most wholly. and in others in an important
gree the result of these agreements. +
Tho domestic exports to Germany and Austria
ungary, have increased in value from Sal, 3d.
to 81, an increase of SO 319 eos or 62l-
per cent With American countries our exports |
I'VE increased from 81, l60. 2S5 to So 6l3 5e an
crease Of SIC. 1898. or 1857 per cent. The