Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1893-01-20
A YEAR OF GREAT PROSPERITY.
From the New York Tribnne

b + \
day, left an extraordinary record. For
the first time in the history Of the
country discomfort and complaint in
the midst of unparalleled prosperity
have swayed a million votes and
changed the government. A party
tried and found competent and wor-
thy, under whose rule the highest
production ever sknown for industry
and the highest wages ever known for
labor have been attained, was defeat
ed to make place for party which
has never borne the responsibilities
nor had the instructive experience of
power for more than thirty years. It
is proper, therefore, to place on record
the achievements OF the past, as a
standard by which the workings of a
different policy and party may be
judged.
There are a few tests of the volume
Of business which all recognize. The
exchanges of clearing houses outside
New York in 1892 have been about
$25, 930,0OO,000, against s23, 10000
600 last year, an increase of nearly 10
per cent. In 1888, the year of Presi-
dent Harrison's election, the amount
was $18,440,00O,00O, 50 that the in.
crease under the present admins.
tration has been 81 per cent. Earn.
ings already reported on about 10000
miles of railroad for eleven months
with partial returns for December, in.
dictate probable increase over last
year Of 5.5 per cent. in the aggregate
II Sc, the earnings on all RAILROADS fo1
the year 1892 will not be far from
s1,200O0O,OOO. an increase of rs pei
cent. in four years.
| Foreign trade during the year 1892
has been in the aggregate of exports
and imports the largest ever known
in any year, about $1,830,00O,OOO
against sl,799,000,000 last year, and
$1,417,000,000 in 1888. Thus the
increase in four years has been 20 per
cent. The full returns for eleven
months, with partial returns for De-
cember, indicate that the value of ex-
ports have been not far from $95..
100000, exceeding those Of any other
year except the last, and exceeding
those of 1888 by q per cent. But
the imports have probably been about
890,OO0,0O0, the largest ever known
in any year, exceeding those of 1885
by 20 per cent. The excess of ex.
ports over imports Of merchandise will
probably be about s7O,OO0,000 for the
year now closing.
In the great industries, the year
1892 has surpassed all previous
records. The sales of wool at the
three great markets, Boston Pbiladel-
phia, and New York, show an increase
of IS per cent over the previous year.
The estimate of the Wooden Manu-.
facturers' Association is that the yield
Of domestic wool in 1892 was about
330,O00,000 pounds, against 302,0O0,-
600 pounds in 1888, a gain of 10 pei
cent. But the manufacture has in
creased so much more that the i'm
ports during the last year have been
the largest ever known, probably $780,
100000 pounds, against 100000
pounds in 1888. In the cotton
manufacture, as respects the latter
part of the year, it is only known that
the consumption of cotton has been
larger than ever, end that enormous
sales have raised the prices Of goods.
In the crop year ending Sept. l the
consumption was about 1,320,0OO,O0C
pounds against 912,000,000 pounds in
1888. an increase of more than 40 pei
cent. Ofsilk no less than 9,26O,O00 tt
were imported, including waste and
cocoons, in twelve months ending No.
vember 1, the greatest quantity in
any previous year having been about
l7,500,000 pounds, but in 1885
it was only 100000, so that in fou.
years the increase has been over 4(
per cent.
The manufacture of iron, according
to "The American Manufacture" o.
Pittsburg, has probably turned ouI
100000 tons of pig-iron in 1892
against 8,280,OOO, tons last year
But stocks unsold have decreased, sc
that the consumption was greater than
in any previous year. In 1883 the
product was about 100000 tons, and
the increase in four years has been
over 40 per cent, the increase in con.
sumption was about the same. The
manufacture of leather has advanced
so greatly at the West that the record
Of Eastern shipments no longer
measures the entire growth, but the
shipments reported by ''The Shoe and
Leather Reporter" have been, 1896.
7S5 cases against 3,417,347 last yea,
and 3,276,877 in 1883, an increase Of
13 per cent.
These comparisons suffice to show
how the country has surpassed all
records during the year now closing
and how great has been its progress
during the Lash four years. 1t will be
interesting and instructive four years
hence to see whether record as salts
factory can then be presented.
MINNESOTA