The times. [volume] (Richmond, Va.) 1890-1903, 1892-12-07

WASHINGTON. D. c., Dec. 6.-The
Presidents message was submitted TO
Congress to-day. The following is the
full text of the document:
TO the Senate and House of Representa-
uves:
In submitting my annual message to
Congress | have great satisfaction in
being able to say that the general condi-
tions affecting the commercial and in
dustrial interests of the United States
are In the greatest degree favorable. A
comparison of the existing conditions
with those of the most favored period In
the history Of the country will l believe.
show that so high a degree of prosperity
and so general diffusion of the com
forts OF life were never before enjoyed
by our people.
The total wealth of the country in 1880
was Sl6.159 6l6,O68; in 1890 il amounted to
$62. 610,0OO0 600, an increase of 2S7 per cent
The total mileage of railways in the
United States in 1890 was g. CPS; in 1920 II
was 1914, an increase Of 448 per cent
and IL Is estimated that there will be
about four thousand miles of track added
by the close of the year 1892. The Official
returns of the eleventh census and those
of the tenth census for seventy-five lead
Ing cities furnish the basis for the fol-
lowing comparisons:
In 1880 the capital invested in manu-
featuring was 81, 232 $50 $40. In 1890
capital invested I'm manufactures
was $1,000, 1854 In 1880 the num-
Der Of employees was 1.30l3SS. In 1890
1880 the wages earned were S5J1 765,77S In
1890 the wages earned were Sl.22l 10, 454.
in 1880 the value of the product was
S2,711579 S99. In 1890 the value of the
product was 81 $50 2S6,S31
/ am informed by the Superintendent
of the Census that the omission Of GER
tain industries I'm 1850 which were in
cluded in 1890 accounts i'm part for the
remarkable increase thus shown. But,
after making full allowance for difference
of method and deducting the returns for
all industries not included i'm the census
of 1880, there remain in the reports from
these seVenty-fVe cities an increase in
the capital employed Of 81 ,522, 745 G0i; in the
value of the product Of 2,O2l2}6,166 in
wages earned Of S677 1882, and in the
number Of wage earners employed OF
S56O29. The wage earnings not only show
an increased aggregate, but an increase
per capita from 1855 in 1880 to $547 i'm 1890,
or An per cent.
The new Industrial plants established
since October g. 1880. and mp to October
%, 1892. as partially reported in the Ameri-
can Economist. number 345 and the ex-
tension of existing plants, 1OS; the new
capital invested amounts to $i0,49.OjO, and
the number of additional employees TO
S7,2s5.
The Textile World for July. 1892 states
that during the first six months Of the
present calendar year lS5 new factories
We're built. Of which 40 are cotton mills,
IS knitting mills IS woolen mills. 10 silk
mills plush mills. and linen mills
OF the 40 cotton mills. p have been built
In the Southern States Mir. A. b. Shop
person. OF the New York Cotton Tx
change. estimates the number of working
spindles i'm the United States on Sep
TENDER J. 1892, at II 100000 an increase
OF go 900 over the year 1891 The con-
sumption Of cotton by American mills
I'm 1891 was $4,000 bales, and i'm 1892
2,5S40o0 bales. an increase OF $4,000 bales.
From the year 1869 10 49, inclusive there
has been an increase In the consumption
OF cotton in EeurOpc OF % per cent.
while during the same period the ia
creased consumption in the United States
has been about lao per cent. The report
OF Ira Aver. special agent of the Treas
ury Department shows that at the date
OF September 30. 1892, there were 81 COM
panies manufacturing tin and terne plate /
I'm the United States and II companies /
building new works for such manufac. |
ture. The estimated investment in build /
inSs ana plates at the close Of the fiscal !
year. June 30 1899. ii existing conditions |
were 10 be continued was 100000. and |
the estimated rate of production 200. 900 600 |
pounos per annum. The actual produc-
uon Tor the quarter ending September so |
lS92, was 1885, 125 pounds.
commissioner Peck's Report
The report OF Labor Commissioner Peck.
oil New York, shows that during the wear
1851 IN about 5000 manufacturing estab-
ishmenis IN THAI State embraced within
the special inquiry made by him and rep
resenting 81 different industries. there was
~ het increase over the year 1890 of SCI
ol' loooo ia The value Of the product. and
OF Sodi 1900 in the amount of wages
pau Inc report OF the Commissioner OF
Is'por loi the State of Massachusetts
SHOWS lhat SI45 industries I'm that State
pau 'z5'alb.z4S In wages during the wear
1851, against $4,000. 1903 In 1890 an increase
OF sS'SSosio. and that there was an in
.isaSe OF ss.SS2.4 sO In the amount of ami
tal, ana OF 1876 in the number of nersnns
employed In the same period.
During the last six months Of thu WAN
.osi ana the first six months OF isaa The
.otai production OF pig-iron was q ITO SO
Tors as against 9,9o2.703 tons In the y.sr
~ 49,. which was the largest annual produc.
non ever attained. For the same twsiys