Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1892-12-09
LINES OF PROGRESS.

LINES DE YkOGRESS.
President Harrison filtingly intro
duced his message with review Of;
the coantrys progress and prosperity:
Comparison with other periods amply
convinces him ''that SO high degree
Of prosperity and so general q diffusion
Of the comforts Of life were never
before enjoyed by our people" The
wealth has has increased from $16,-
159616,O68 in 1860 to $62,610,O00O
in 1890, or 287 per cent says the
Minneapolis Tribune. The railway
mileage has increased in the 80 years
from 30,626 to 1874, or 448 per
cent. Census returns from rs cities
show that their capital invested in
manufactures increased from 1922,
SS9,670in 1880 to $2,900,735,S84 in
1890; the employees from 1901 1888 to
2,251 ,134; the wages from $501, $685.
77S to s1,221,170,454; the value Of
products from $27l1,579,S99 to
81, $3.50, 186,837; and the average
annual wage per hand from 1886 in
1850 to $547 in 1890.
The review of industrial growth
during the two years since the passage
Of the Mckinley law is especially
significant. During the two years
345 new industrial plants are reported.
and 1O8 extensions of plants, calling
for $40, 449,O50 of new capital and
37, 2S5 additional employees. A most
remarkable fact is that furnished by
the Textile World, which finds that
during only the first six months of
1892 there were built 1876 new textile
factories. In the cotton industry 40
new mills. have been erected this year,
with an increase Of 666,000 spidles,
and an increased consumption of
1888, 900 bales. The 80 new tinplate
factories now running produced
1882 725 pounds of American tin
plate during the three months ending
Oct. 1. The material increases in
wages as reported by labor CON-
missioners are summarized, also the
increased productions Of iron and
steel. The foreign trade for 1892 is
found to exceed the annual average
of the past ten years by 00,358, 591,
or 81 Al per cent. The exports OF
1892 exceeded the annual average OF
the preceding ten years by s265,142,.
; gu, or 34.65 per cent. The imports
: free of duty, the largest. in American
history and aggregating s457 ,999,658
are 55.3 per cent of the total imports
! in 1892, as against 1896 per cent in
1890. The coastwise trade during the
four years administration increased IL
per cent. The vessel tonnage of the
great lakes passing through Detroit
: river in 228 days, was nearly equal
t to that of both London and Liver.
pool in 365 days. Bank clearings
and railway tonnage showed marked
increase. Savings bank depositors
I 80 per cent of whom are wage earners
;: have multiplied 531 per cent since
7 1850, and deposits increased 921 pei
cent.
There never has been time ir
1 our history" says the president. with
: a conviction sustained by the array
Of facts, "when work was so abundant
or when wages were as high, whether
=. measured by the currency in which
: they are paid, or by their power tc
< supply the necessaries and comforts
J, of life." Agriculture's participation
l in the general industry is recorded ir
the fact that the value of farm crops
increased from $1,368, 646,866 in
1850 to $4,50OO0O,O0O in 1890, an
increase of 230 per cent. The dis
contented are reminded that the farm
t and wage conditions complained o.
5 would be regarded as conditions O.
high prosperity in any other county
. or period. The president expresses
the conviction that in the marked ad
vance in national development ant
q in the condition of the masses, espec
: tally of the wage earners, during thu
! past 30 years the protective system
has been most powerful agency
> President Harrison and his part,
may be mistaken in this conviction
but if the Democratic party will b,
: so good as to promptly repeal thu
e Republican protective system, as thu
), party is pledged in its platform to do
and enact in its place a tariff based
solely on revenue, the world will b.
enabled to judge as to the CORRECTNESS:
of the presidents conviction.