The Providence news. (Providence [R.I.]) 1891-1906, 1897-10-02

Washington. ID. c., oct. 2.-The reports
OF business improvement and activity in
manufacturing ana commercial lines
which have come to the front since the
enactment OF the Dingley law has sug
gested TO somebody with "a good memory
q comparison Of present conditions with
those OF the corresponding dates in the
first year of the Cleveland administration.
It is a curious fact that the eHaetment Of
the Wilson law came at just about cor
responding period with the meeting of
the free trade Congress in the rirst year
of Ceveland's second term. and that.it is
therefore possible to contrast business
conditions under the shadow OF approach
ing free trade with the business condition
in the sunshine of returning protection.
This comparison is startling. This period
covered in tho comparison of the two
months since the final action upon the
Dingiey bill compared with the corre-
spending two months in the Cleveland
term. or from July "a to SeteInber "a, 1899,
oontrasted with july "A TO Setember "a,
1897.
Here is tho contrast; 1t is we'll worth
laying for reference:
Week ending July "a, 1S93-Failure of
Bozeman. Montana, national bank. Four
Denver banks closed their doors Bank
suspensions in other Western cities. Two
bank failures in Milwaukee, and runs on
numerous other banks. Commercial Bank
of Denver fails; capital, $3.50, 600. Bank
failures at Vernon, Tex. and Knoxville.
Tenn. capital. 5000, COO. Failure Of
Tacoma Wash. National Bank; capital,
5000 600; also failures Of banks at Great
Falls. Mont. and Orladno, Fla. (; capital,
-rnl .ts.-R of =
factories reported from all sections
Week ending August !. 1893. National
banks at Manchester, n. H., and Indian
apolis. Ind fail; capital $500, OUs Failure
OF First National Bank at Spokane,
Wash. capital, 1910. 600. Ten banks sus
pended in one day l'uly 20 capital,
81, 900. 600 Bank failures in south
Dakota. Montana. Illinois, Kansas, Texas,
Washington. New Hampshire. and corre-
spcndingiy large number of business sus-
pensions.
Week ending August s, lS93-Collapse
Of Chicago provision deal and many fail.
ures of commission houses. Failure OF
National Bank OF III Paso Texas. Failure
Of National Bank of San Antono. Texas.
Failure of National Bank of Mounce, Ind.
Lilo Congress meets in spec lal session to
begin its dt strut tion O. the Mckinley lave
Week ending August -, lo93-En
counter between the Anarchists and Soc
ure Of National Bank at Hindman, Pa.
Failure of National Bank at Tacoma,
Wash. Suspension OF manufacturing es-
tablishmonts in numerous states. An
nouncement by controller OF the currency
that 100 national banks and 56O private
banks had failed during the ysar ending
August 2S. Railroad receivers appointed
during August for Northern Pacific,
Pl iIadelphia q Reading, Now England
and pittsburg, Akron ~ Western.
Septem Der Railroad receivers APP
pointed for Wisconsin Central. Chicogo,
Peoria x st. Louis Cleveland, Canton
n Southern. Evansville " Terre Haute
railroads 1ho mileage of roads placed
In the hands of receivers during the year
1898 was % 315, nearly one-seventh OF oil
the lines in the United STATES. and their
indebtedness 81, 2l2 2lI Obj. During tho
yenr there were III. 1l5 mercantile suspun-
sions, involving liabilities amounting to
S3l6 40, $50. During the hank suspen.
sions of July loans were made on call at
tho New York Stock Exchange as high rs
72 per cent.
The following statements OF revival of
manufacturing industries during the
sixty days following the enactment OF the
Diuglev law, the period corresponding
with the similar dates in tho first year OF
Cloveland's second torn. show tho con-
trast between present conditions and
those of the corresponding months OF the
preceding administration. Ite state
ments which follow are from Brad
street's:'
Week ending July 2t lSJ1-Twenty
thousand workmen resumed work in iron
and steel industries. Bigelow Carpet
COMPANY, at Clinton, Mass, resumes
work: 100 hands. Packer colliery, at
Rappsnannock, Pa. resumes work; 1000
hands Columbus (OhIo) Buggy Com
pany resumes; 400 men. Chicago, Bur
lingtCn * Quincy Company reports full
complement1f hands atwork In its railroad
snous for the first time In several years.
large mum ber OF iron furnaces in tho
south resume work. AlUkenDa steel
WutKs Joliet. ILL.,, resumes 700 hanus.
tpinners at silk mills, Paterson, y. j.,
receive increase In wages from To ~
per cent Pittsburg Plate Glass Com