Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1892-12-16

Also Continued Work on the New
Navy-Cbief Accomplishments of
the Departments.
Tothe Senate aud House Of Representatives.:
In submitting my annual message to Con-
gress have great satisfaction In being able
to say that the general coniitions affecting
the commercial AMI industrial interests Of
the United States are in the highest degree
favorable, A comparison Of the existing
conditions with thOSs OF the most favored
perioi in the history of the country will. l
believe. show that 80 high a degree of pros
perity ami 50 gen aral a diffusion of the COM
forts OF life were never before enjoyed by
our people.
The total wealtl of the country in 1850
was SO l5g SIG, O6S. In 1890 it amounted to
$62, ,6i0, 900 90 an increase Of 2s7 per cent.
The total mileage OF railways in the
United States in 1859 was 81, 636; in 1890 it
was l67, T4i, an increase Of AS per cent:
an it is estimated that there will be about
1900 miles Of track added by the close Of the
year 1892.
CENSUS FIGURES.
The official returns OF the Eleventh Cen
sus AMI those of the Tenth Census for 20
leading cities furnish the basis for the fol.
loving comparisons:
In 1850 the capital invested in manufac-
turing was 81 932, $50 go.
In 1890 the capital invested in manutac-
turing was s.. 900, 7S5. .SS4.
In 1SS) the number OF employees was
i,3O1, SIS.
In 1899 the number Of employees was
2,25l, 1874.
In 1850 the wages carmel we're S5Ol, 965.
rs.
In 1897 the wages earned were 81, ,22l, TO-
&54
In 1881 the value Of the proiuot was So
7ll,573 500.
In 1890 the value Of the product was 81
sc, ,2S5 81.
am informed by the Superintendent OF
the Census that the omission OF certain in
-ustries in 1880 which were inc,u led in
1892 accounts In part for the remarkable
Increase thus shOSn. But after making
full allowance for differences Of method aud
deductng the returns for all interests not
included III the Census OF lSS - there remain
in the reports from these ssventy-fvs cities
an increase in the capital employed OF
S. 522, As, 6)4. in the value Of the product
OF =. p 236, 1866; in wages earned OF S60,-
a43 g-9 aud IN the number OF wage.earnerS
employed OF S5303J The wage-earnings
not only show an increased aggregate, but
an increase per c3nita from 1856 in 1850 70
s5f5 in 1897 or 4l7l per cent.
The new industrial plants established since
October s, 1890, and up to October p, 1897,
as partially reported in the American EconO-
mist number 345 and the extension of ex-
istlug plants. rs; the new capital invested
emounts to $40 449 O5). and the number of
additional employees to 81, 2S5.
The Textile World. for July, 1892 states
that during the first six months OF the pres
ent calendar year l3j new factories were
built. OF which 40 are cotton mills. 4S knit
ting mills. 25 woolen mills, 10 silk mills
push IN .llS and linen mills. Ot the ~
cotton mills 2l have been built in the South
ern States. Mr.. A. B. Shepperson, OF the New
York Cotton Exchange. estimates the num-
ber Of working spindles in the United
states on September l, 1892, at l5,2O,OOO,
an increase Of 10000 over the year 1871.
The consumption of cotton by American
mills in 1891 was ?, 39j 900 bales, and in 1892
.. 5s4 900 bales, an increase o. 1SS, 600 bales.
From the year 1859 TO 1892, inclusive,
there has been an increase IN the consump-
ton OF cotton in Europe OF ~ per cent.
while during the same periot the Increased
consumption in the United States has been
about l51 per cent.
Tae report OF Ira Aver, special agent OF
the Treasury Department, shows that at the
date OF September 80, lS93, there Wers
thirtv-twO companies manufacturing tin
ard terne plate in the United States aud
fourteen companies building new works Tor
such manufacture. The estimated invest-
inent in buildings and pants az the c.oSe OF
the fical year, June 81, 1928, II existing con-
ditons we're TO be continued, was s5OU. OOO,
and the estimated rate OF production 2OO
go 900 pounds per annum. The actual pro-
duction for the quarter ending September
81. 1872. was 1902, rs pounds.
The report OF Labor Commissioner FecK,
.. New YorS. shows that during the year
lSg1 in about six thousand manufacturing
HnNn
within the spec 81 inquiry ina lie by him, and
representing 81 diff erent industries, there
wasa net increase over the year 1892 Of
S3i.3l5 l3l6Sin the va u Of the pro lust,
and Of S6 81 $500 IN the amount OF wag -
Maid. The repOrU OF tbs CO nmissOner OF
labor for the State OF Massachusetts, shows
that BIAS industries in that State pai |
slz9. 4 6, 24S in wages during the year 1891,
against sl26 OBJ 3J3 in 1897, an increase OF
S. 335. 945, ami that there was an inc ease
OF So, gS2. 400 in the amount Of capital and OF
7546 in the number OF persons employed in
the same perioi.
During the last six months OF the year
1891 and the first six months OF 1892 the to-
tai production OF pig iron was g. no, ,Siy tons,
as atainst 9.9O9 703 tons in the year ls9J,
which was the largest annual produ ,tio1
ever attained. For the same twelve months
of 1912 the pro iuctcn OF sssemer ingots
was 3 3S5S 5Sl tons. an increase OF lSs. uo
gross tons over the previous unprecedents 1
yearly production Of B. 6sS S7l gross tons in
1890. The productian OF Bessemer steel
rails for the first SIX months o, ls9' was
752. 43j gross tons as against w go gross
tons during the lasr six months Of ie year
1891.
EXPORTS AND IMPORTS.
The total value OF our foreign trade lex
nOrts and imports Of merchandiSe) during
the last fiscal year was 81, S57 6SO $40 an IN
crease of $l2S. 233 6O4 over the previous fis-
col year.
The value Of our exports during the fiscal
year 1902 reached the highest figure IN tbs
history OF the Government, amounting e
si.C30. 27s, ,14S. exceeding by Sl4j IN, 33S th'
exports OF 1921 ami exceeding the value ol
the imports by 22,s15. 6S5.
COAsTwIsg AND INTERNAL TRADE.
IN our coastwise trade a most encouraZ'
ing deveo9ment is in progress there having
be- n 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 be- ore existed. Toe freight carried In
the coastwise trade thu Great Lakes IN
1890 aggregate 2s, ,29j, $50 tons. On tht
Mississippi. Missouri and Ohio Rivers ano
tributliiss in the same year the trat1c az
gregatei 9,405, 04j tons and the total yes
sci tonnage passing through the Detroit
River during that year was 2l,6'4, 900 tons.
The vessel tonnage enterel an cleared IN
the foreign trade OF Lon Ion during lS91
amounted to 3.4s0,767 tons, aud OF Liver
pool 1891, 800 tons. total for these twC
great shipping ports of 2t4225Ss tons, only
slightly in excess Of the vessel tonnage pass
ing through the Detroit River.
SAVINGS OF HE PEOPLE.
Another Indication of ths general pros
perity OF the country IS found in the rae
that the number of depositors In saving
banks increased from G93. SO in 1861 70 4,
25s s93 in 1890, an increase OF 5i3 per cent
ami the amount OF deposits from Sl492u,
5O4 in 1867 to sl,52iSit56 il 1879, an IN