Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1895-02-15
The Greatest Population. Commerce and
Manufacturing Interests Side by Side.
Her Wages Are Double Those Paid In
Great Britain-Results Of Free Trade.


this side the Atlantic, and in most re-
spects is the equal of any city in the
world New York is the money center
Of the United States and is destined be-
fore long to be the money and CONNER
cial center of the world. Her telegraph,
telephone and ocean cables bring her in
almost hourly communication with
every quarter Of the globe. Wall street
is the money center of New York, and,
talk about it as they will and condemn
it as they may, is the very center of the
business vitality in this country. To
crush out Wall street would be as un-
wise as to destroy the gashouses and cleo
trio plants that give light to our cities.
Sound money and adequate volume and
protection to American industries are
the foundation rocks on which business
prosperity and commercial supremacy
depend.
New York and Brooklyn are now sub
stantially one great city. The manufac-
turing industries of greater New York
have become larger than that Of any city
in the world. The growth of these in
dustries under protective tariff has
been so rapid and so unparalleled in ex'
tent that they have more than doubled
during the last census decade. There
are now 35, 960 manufacturing establish
ments in this great city. There are
$5S7, 848, 772 Of capital invested III these
establishments, there gre 400, $50 hands
employed, the wages paid annually
amount to 1905, $40, 286, the material
used in her factories costs $518, O83, 432
annually, the value Of products manu-
featured in 1890 was $1,012, 5S4, O67,
which is $345, 075, 392 moro than all of
tho imports and $lO8, 827, $50 more than
all the exports of the United States for
the fiscal year ending June 80, 1894.
If we include the value of the manu-
featured products Of Philadelphia and
Jersey City with those of greater New
York, they amount to $25, 05S, 1877 more
tina our foreign trade. 1t would really
do moro harm to this country to tear
down tho manufacturing industries OF
these four cities than it would to wipe
out all Of our foreign trade.
These manufacturing industries have
grown up under the protective policy Of
the Republican party, and they never
flourished more than they'd from 1890
to 1899 under the workings Of that
much misrepresented and belied McKin-
ley tariff bill.
There is no city in the United States
that would be injured so much or that
would feel the demoralizing influence
of tearing down protection by reducing
duties on foreign imports SO quickly or
so disastrously as New York. About 20
per cent of all the imports Of the United
States are landed on the docks Of greater
New York. The enormous steamships
that are now crossing the ocean in less
than 5H days time can land at the
stores and warehouses Of New York city
goods manufactured in Liverpool, Man.
chester and other cities Of Great Brit
ain, France and Germany, and the i'm
porters can place them in direct compe-
tition with the goods manufactured in
the factories of New York city at less
cost for transportation than the manu-
featured products of New York city can
be sent to Buffalo. These big steamships
can fill hugo warehouse at every trip
they make. They bring several million
dollars worth of manufactured products
in a single cargo, and cable communi-
cation is such rs to enable an importer
to give his order and have goods landed
here and placed on sale in competition
with homemade products in ten days
from the time his order is given.
Tho German tariff bill will prove es-
pecially disastrous to the manufacturing
industries of greater New York on that
account, as foreign goods can be placed
in her markets quicker and cheaper than
in those Of any other city. Although
the injury will be greater to the city
and state of New York because of the
former being the chief port of entry, yet
it will also be of immense injury to the
industries of the entire country.
The increase of population, dependent
largely on the manufacturing industries
of greater New York for livelihood,
during the last decade was about $780,
900. 1t is estimated that there are from
three to four persons depending for sup
port upon each employee in our factories.
Such being the case, there are at least
/, 500, 900 people who are dependent up.
on the labor employed in the factories
Of greater New York for their living.
The rate of wages paid in the factories
of this city is nearly twice that paid in
Great Britain and more than twice that
in Germany and France; hence lower
duties will compel lower wages or
closing Of factories
By comparing the statistics Of the
manufacturing industries of New York
city for 1880 with those for 1890, as
given by the census reports, we find that
there has been during that decade an in
crease of 14,06O manufacturing estab-
lishments; of $3.50, 1879, 246 in capital in
vested, which is more than double the
previous amount, an increase of 1874, 400
in the hands employed; Of $191, 5o7, 27S
in wages paid, which is a good deal more
than double, showing that the rate OF
WAGES has increased much more than