The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1892-12-07


London dnrlg 1890 amounted TO Is, $50, 767 tons,
and OF Liverpool 1884 800 TONS total for these
two great sh pping ports OF "a 429 58S tons, only
Slightly in excess OF the vessel tonnage passing
through the Detroit river. And it should be
said that the season for the Detroit river was
but 22S days, while, OF course, in London and
Liverpool the season was for the entire year.
The vessel tonnage passing through the ST.
Marys canal for the fiscal year 1892 amounted
TO $685. ,S74 tons, and the freight tonnage OF the
Detroit river is estimated for that year at 25,
100000 TONS against 20, 200 6i0 tons in 1891 The
aggregate traflc on our railroads for the yeai
1891 amounted to 70i 39s, 900 tons of freight, com
pared with COL 3i 437 tons In 1890, an increase Of
l3,054, ,l72 tons.
Another indication Of the general prosperity
OF the country is found in the fact that the
number OF depositors in savings banks increased
from 6o3,870 In 1860 TO 4,25SS93 in 1890, an in
crease OF bl3 per cent, and the amount OF de-
posts from $40 ~ 5O4 In 1880 to 81 594 84i5O6 In
1899, ON increase OF 92l per cont In 1891 the
amount OF deposits in savings banks was II, ,623,.
0797i9 1t is estimated that % per cent OF these
deposits represent the savings OF wage earners
The bank clearances for nine months ending
September 30, 1891, amounted TO Al, ,9i9 30O, ,8OS
For the same months in ls9, they amounted to
H5 l80, COL ,9f7 an excess for tho nine months Of
a, A,liO2ll, ,l3o. There never has boon time In
our history when work was so abundant OF
when wages were so high whether measured
by the currency in which they are paid or by
their power TO supply the nccessarles and com
forts OF life
1t is true that the market prices OF cotton and
wheat have been low. II is one OF the unfavor
able incidents OF agriculture that the farmer
cannot produce upon orders. He must SOW and
reap in ignorance OF the aggregate production
Of the year, and Is peculiarly subject 10 the de-
probation which follows over-production But,
while the fact have stHted Is true as to the
crops mentioned, the general average OF prices
has been such as to give TO agriculture fair
participation in the general prosperity.
II any are dlscontentod with their state here;
II any believe that wages or prices, the returns
for honest toll, arc inadequate, they should not
fail to remember that there Is no other country
in the world where the conditions that seem to
them hard would not be accepted as highly pros
porous The English agriculturist would be
glad TO exchange the returns Of his labor fol
those OF the American farmer, and the Man
chester workmcn their wages for those OF their
fellows at Fall River
THE PROTECTIVE SYSTEM.
believe that the protective system, which
has now for something more than thirty years
continuously prevailed in our legislation, has
been mighty instrument for the development
OF our national wealth and u most powerful
agency In protecting the homes OF our working
men from the invasion Of want / have felt o
most solicitous interest TO preserve to our work
ing people rates OF wages that would not only
give daily bread but supply u comfortable mar.
gin for those homo and family comforts and on.
joyments without which life is neither hopeful
nor sweet
1t Is not my purpose TO rem ew here the argu
ment in favor OF u protective tariff. The result
OF the recent election mist be acc pied as haV
ing introduced new policy. We must assume
that the present tariff, constructed upon the
lines OF protection, is TO be rep ealed and that
there is to be substituted for Il tariff law con-
structed solely with reference to revenue; that
no duty is 10 be higher bo auso the increase will
keep open an American mill or keep up the
wages Of on American working man, but that In
every case such rate Of duty Is TO be imposed
as will bring 70 the treasury OF the United
States the largest returns Of revenue. The
contention has not bcen between schedules but
between principles, and II would be offensive
TO suggest that the prevailing party win not
carry into legislation the principles advocated
by II aud the pledges given TO the people. The
tariff bills passed by the house of representa-
tives at the last session, were, as / supposed,
even in the opinion OF their promoters-in'
adequate, and justified only by the fact that
the senate and house OF representatives were
not in accord and that general revision could
not therefore, DO undertaken
TARIFF REVISION
recommend that the whole subject OF tarin
revision be left To the incoming congress. II is
matter OF regret that this work must be delayed
for ut least three months, for the threat OF
great tarin changes introduces so much uncer
tainty that an amount, not easily estimated, Of
business inaction and OF diminished production
will necessarily result II Is possible also that
this uncertainty may result In decreased revo.
nues from customs duties, for our merchants
win make cautious orders for foreign goods in
view OF the prospect OF tariff reductions and the
uncertainty as to when they will take effect
OUR FOREIGN RELATIONS
Our relations with other nations aro now un.
disturbed by any serious controversy. The
complicated and threatening differences with
Germany and England relating TO Samoan Of.
fairs, with England In relation TO the seal fish.
cries in the Bcrlng sea, and with Chile growing
out Of the Baltimore affair, have been adjusted
RECIPROCITY
There have boen negotiated aud con cluded,
under section OF the tariff law commercial
agreements relating TO reciprocal trade with
the following countries: Brazil Dominican Re.
public, Spain for Cuba and Porto RI o, duate-
mala, Salvador, the German empire, Great
Britain for certain West Indian colonies, and
British Guinea, Nicaragua, Honduras and Aus
tria-Hungary
Especial care has been taken 10 secure mar.
lSets for farm products In order 10 relieve that
great underlying industry OF the depression
which the lack OF an adequate foreign market
for our surplus often brings An opening has
will undoubtedly, II this policy is main tained,
greatly augment our export trade. The full
benefits Of these arrangements cannot bo re-
allied instantly. New lines OF trade are TO be
opened. The commercial traveller must survey
the field. The manufacturer must adapt his