Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1893-01-05
A Year of Great Prosperity.

The year 1892, which ends to day, has
left an extraordinary record For the first
time IL the history Of the country discon-
tent and complaint in the midst of unpar-
tItIed prosperity have swayed a million
5ies and changed the government. 4 par
II tried and found competent and worthy.
Under whose rule the highest production
tver known for Industry and the highest
wages ever known for labor have been at
tanned, was defeated TO make place for
arty which has never borne the response
.i4lt!es nor had the instructive experience
" power for more than thirty years. 1t is
proper, therefore, to place on record the
achievements of the past, as standard by
''hieh the workings of different policy
ana party may be judged.
There are few tests of the volume of
business which all recognize The ex-
hanges of clearing houses outside New
ORR in 1892 have been about SIS, $50 ,000,-
90, against S23, l60 900 900 last year, an
lcrease Of nearly 10 per cent. In 1858, the
ear of President Harrison's election, the
amount was SIS, 440. 000,0 900. so that the
Increase under the present Administration
As been 81 per cent. Earnings already re-
lOrted on about 80 600 miles of railroad
" eleven months, with partial returns for
December, Indicate probable increase
over last year of % per cent. 10 the aggre-
gate. If 50. the earnings of all railroads
Tor the year 1892 will be not far from
81 200, 900, 900, an increase of % per cent
Ia four years.
Foreign trade during the year 1892 has
been In the aggregate of exports and i'm
ports the largest ever known in any year,
shout $3.50 900 900, against 81, 799 ,0O0.-
cJ0 last year and sl,4l7 900, 900
ID lSSS. Thus the increase in four
Years has been 20 per cent. The full re-
turns for eleven months. with partial re-
turns for December, indicate that the value
ct exports has been not far from $3.50 00O,-
600, exceeding those of any other year ex-
Cept the last, and exceeding those of 1888
ty p per cent. But the imports have prob
oily been about $3.50, 600 900, the largest
ever known in any year, exceeding those
of 1855 by 20 per cent. The excess of ex-
forts over imports of merchandise will
probably be about $4,000, 900 for the year
Ow closing.
In the great industries the year 1892 has
surpassed all previous records. The sales
Of wool at the three great markets, Bos-
ton, Philadelphia and New York, show an
Increase of 30 per cent. over the previous
year The estimate of the Wooden Manu-
facturers' Association is that the yield of
hUuleSllC WOOL IN 1857 was ABOUT 333 ,UUU,-
600 pounds, against 302 200, 900 pounds in
1888, gain of over 10 per cent. But the
manufacture has increased SO much more
taat the imports during the last year have
Teen the largest ever known, probably $780,
100000 pounds. against l09 900 900 pounds
il 1888. In the cotton manufacture, as
respects the latter part of the year, it is
only known that the consumption of cot
ton has been larger than ever, and that
enormous sales have raised the prices of
goods. In the crop year ending Septem-
Der /, the consumption was about $780,
100000 pounds, against $4,000, 600
pounds in 1888, an increase of more than
40 per cent. OF silk no less tan $780,
000 pounds were imported, including waste
and cocoons, in twelve months ending No
yember /, the greatest quantity In any pre-
vious year having been about 800. COS
pounds. but in 1888 it was only 6.400, 600,
SO that in four years the increase has
been over 40 per cent.
The manufacture of iron, according to
The American Manufacturer of Pittsburg,
has probably turned out 9.130. 900 tons OF
pig iron in 1892. against 8, 960, 600 tons last
wear. But stocks unsold have decreased,
so that the consumption was greater than
In any previous year. In 1883 the produc-
ton was about $500 900 tons, and the In
crease in four years has been over 40 per
cent, the increase In consumption being
about the same. The manufacture OF
leather has advanced so greatly ct the