The Forrest City times., 1892-12-09
HARRISON'S MESSAGE.
He Reviews the Condition OF the
Country and Makeea Laborious
Effort.

Hs Reviews the Condition OF the
Country and Makeea Laborious
Effort.
WASHINGTON, ID. G. Dec O. Presl-
dent Harrison's message reads as FOL
lows:
To the senate and House OF Representatives
In admitting my annual message TO
aourrpss | have great satisfaction IN
being able To say that the general con-
djtions' affecting commercial and IN
dustrial interests O. tile United States
are in the highest degree favorable.
ruE TOTAL WEALTH or TIE COUNTRY
In 1850. was SIG .I59 GIG .C6s; in 1890. il
amounted to $62,6lO,000 600, An M
crease of 2s7 per cent. The total mile
aye of railways in the United States IN
1850 was 3O.628; in 1890 1t was l67 .74l.
an increase Of 44S per cent; and 1t IS
estimated that there will be about 1000
miles OF track added by the close OF
Abe wear 1892. The official returns OF
the eleventh census and those Of the
tenth census for seventy-five leading
cities furnish the basis for the follow
log comparisons.
In 1850, the capital invested in man
ufscturing Was 81 .232 1888. $40, IN 1890
the capital invested in manufacturing
was 81, 900. 735 Ssh.
In 1880 the number Of employees was
1901, 1888; in 1890 the rumber OF en-
ployes was 2.271,l34.
III 1880 there was earned $50i 800,
77S; In 1890 the wages earned we're
el.22l, 10 .454.
In 1880 the value Of the product was
s2,7ll .579 800; In 1890 the value OF the
product WAS $4.s60, 2s6 1887. -
THE VALUE OF OUR EXPORTS
rDuring the fiscal year of 1892 reached
the highest figure in the history OF the
government, amounting to 81 600 ,2IS,-
l43, exceeding by sI45,797 1888 the OK
sorts Of 1891. and exceeding the value
or the imports by 500. $40, $3.50. A con-
paris0n II the value of our exports FOL
1882 with the annual average of ten
years prior to 1891 shows and excess OF
less. l42. 1851, or OF "a 40 per cent. The
value OF our imports of merchandise
for 1892 which was $500, 402 ,462, also
. exceeded the annual average value OF
the ten years prior to 1891 by $l35,215
o4O.
1t is not my purpose to renew the
argument IN favor OF
A PROTECTIVE TARIFF.
The result Of the general election
must be accepted as having introduced
new policy. We must assume thai
the present tariff, constructed upon thu
lines Of protection, is to he repealed
and that there is to be substituted fol-
IL y tariff law constructed solely will
reference to revenue; that no duty j.
to be here because the increase will
keep open an American mill or kseE
w the wages Of an American work
man, but that In every case such rate
OF duty is to be imposed as will bring
the treasury of the United States the
largest returns of revenue. The con-
teniion has not been between schedules
but between principles, and it would
be offensive to suggest that the pre-
vailing party will not carry into iegis
latiOn the principles advocated by II
and the pledges given to the people
The tariff bills passed by the house OF
representatives at the last session were
rs supposed, even in the opinion Of
their promoters, inadequate and jnsti
fed only by that the senate and honss
OF representatives were not in accort
and that a general revision could not
thercfore, be undertaken.
recommend that the whole subjec
Of
TARIFF REVISION
Be left to the incoming congress. 1t il
q matter of regret that this work mus
be delayed for ut least three months
for the threat of great tariff changes
introduced so much uncertainty thai
m amount not easily estimated Of bus
mess inaction and of diminished pro
duction will necessarily result. Ii II
possible, also, that this uncertainty
NAV result in decreased revenues from
customs duties, for our merchants will
make cautious orders for foreign goods
in view of the prospects of tariff reduc
tions and the uncertainty as to whef
1t will take effect.
OUR RELATIONS WITH OTHER NATIONS
are now undisturbed by any seriou:
controversy. The complicated ano
threatening differences with Germany
and England relating to Samoan affairs
with England in relation to the sea
fisheries in the Behring sea, and with
Chill growing out of the Baltimore nj:
fair, have been adjusted.
repeat with great earnestness the
recommendation Of which l have made
mention in previous messages to the
inedaquate support given the Ameri-
can SO engaged in the construction Of
THE NICARAGUA SHIP CANAL.
1t is impossible to over-state the value
from every standpoint Of this great co.
terprise, and hope that there may be
time given in this congress To give to il
nm impetus that will insure the early
completion of the canal and secure 10
tue United States its proper relations
TO it when completed.
FREE COINAGE.
The congress has already been ad-
vised that the invitation OF this gov
eminent for the assembling of an in
ternational monetary conference to
consider the question an enlarged use
of silver were accepted by the nations
to which they We're addressed. The
conference assembled at Brussels on
the 22d of November and has entered
upon the consideration Of this great
question. l have not doubted and
have taken occasion to express that be-
lief as well in the invitation issued for
this conference as in my public mess
ages that the free coinage of silver
upon AN agreed international ratio
would greatly promote the interests OF
cur people and of equally those of
other nations. 1t is too early to pre-
dict what results may be accomplished
by the conference. If any temporary
check or delay interyenes, l believe
shat very soon commercial conditions
will compel the now reluctant govern