Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1897-10-28
THE ELOQUEuCE
OF COMPARISON
Result of Free Trade and Pro-
tective Laws.
ONE BRINGS RUIN;
THE OTHER PROSPERITY.
Sixty Days Under the Wilson Bill
and Sixty Under the
Dingley Law.

/ Inc close OF the lirSl oV DAYS OF lne
| operations of the new tariff law and the
! business improvements which are Wis
ible in every direction during that time
/ have suggested a comparison of the
| conditions during the two months in
! question with those of the correspond
| ing date in the first year of the Cleve-
| land administration, during which
| time the free trade congress elected
/ with President Cleveland was just be-
| ginning its attack upon the protective
| system which the Dingley law 60 days
| ago re-established.
The two periods from July 81 to Sept.
"a. in the years of 1898 and 1897, re-
| spectively present a marked contract
as to business conditions, and it is pos
sible to obtain from government rec
ords some data bearing upon this sub
| ject and now especially interesting.
| SIXTY DAYS UNDER WILSON LAW.
The following data, gathered largely
| from official reports. presents a picture
| of the so day period of the year 1898,
| with which the two months just ended
| correspond. both as to the portion of
| the year and the period of the presi-
denial administration and also proxim-
| ity to tariff legislation,
Week ending June "a. 1S93.-Failure
! of Bezeman, Mont, National bank.
| Four Denver banks closed their doors.
Bank suspensions in other western cit
les. Two bank failures in Milwaukee
and runs on numerous other banks.
| Commercial bank, of Denver, fails;
| capital, $3.50 900. Bank failures at Yer
| non, Tex, and Knoxville, Tenn; capt.
| tai, 100000. Failure of Tacoma, Wash,
| National bank; capital, 100000; also
| failures of banks at Great Falls. Mont.
and Orlando, Fla; capital, 100000 Sus-
| pension of work in manufactures re-
| ported from all sections.
Week ending Aug. l, 1S93.-National
| banks at Manchester, N. H, and In
dianapolis, Ind. fail; capital. $500,000.
| Failure of First National bank at Spo-
kane Wash; capital, $250,000. Ten banks
| suspend in one day (July I'D; capital,
| $4,000 900. Bank failures in South Da-
| kota. Montana, Illinois, Kansas, Texas,
Washington. New Hampshire, and cor
| respondingly large number of business
| suspensions.
Week ending Aug. s. 1S93.-Collapse
| of Chicago provision deal and many
| failures of commission houses. Failure
of National bank of FL Paso. Tex. Fail
ure of National bank OF San Antonio,
| Tex. Failure of National bank of Mum
| Gle, Ind. Fifty-third congress meets
| in special session to begin its destruc-
ton of the Mckinley law.
| Week ending Aug. %. 1893.-Encoun-
| ter between the anarchists and social
| lists averted by the New York police.
| Meeting of anarchists broken up by
| New York police. Failure of National
bank at Hindman, Pa. Failure of Ma
| tional bank at Tacoma, Wash. Sus-
| pension of manufacturing establish
| ments in numerous states. Announce
| ment by comptroller of the currency
| that 1855 national banks failed during
the year ending Aug. 2S. Railroad re-
ceivers appointed during August for
| Northern Pacific, Philadelphia and
| Reading, New England and Pittsburg.
Akron and Western.
September-Railroad receivers ap-
| pointed for Wisconsin Central. Chicago,
| Peoria and st. Louis. Cleveland. Canton
| and Southern and Evansville and Terre
| Hautc railroads. The mileage of roads
| placed in the hands of receivers dur
ing the year 1898 was 25.375. nearly one
| seventh of all the lines of the United
| States. and their Indebtedness sl,2l2,-
| 217. .OSS. During the year there were
| lb,ll0 SuSpcISlOisSs liNOiNCu
liabilities amounting to s346, ,779. .SS9.
| During the bank suspensions of July
| loans were made on call at the New
York Stock Exchange as high as ~
per cent.
SIXTY DAYS UNDER DINGLEY
LAW
The following statements of revival
| of manufacturing industries during the
| co days following the enactment of the
| Dingley law, the period corresponding
with the similar dates in the first year
| of Cleveland's second term, show the
| contrast between present conditions
| and those of the corresponding months
| OF the preceding administration. The
| statements which follow are from
| Bradstreets Financial Journal:
Week ending July "a, 1S97.-Twenty
thousand workmen resume work in the
iron and steel industries. Bigelow Car
pet company, at Clinton, Mass, re-
sumo work 900 hands. Packer colliery,
at Rappahannock, Pa, resume work;
1000 hands. Columbus. o.. Buggy COM
pany resumes: 400 men. c. B. and Q.
company reports full complement OF
hands at work in its railroad shops for
first time in several years. Chatta-
nooga Tradesmen announces large num-
Der of iron furnaces in the south re-
suming work McKenna steel works,
Joliet. Ills. resume: 400 hands. Spin
ners at silk MILL Paterson, N. j., re-
ceIve increase in wages from to 20
per cent Pittsburg Plate Glass COM
pany Kokomo, Ind, resumes; 500
hands Jones & Laughlin Iron works,
Pittsburg, resume, $500 hands Maine
Central railroad increases wages Of
employees.
Week ending July 81. 1s97.-Tod fur
naces, Youngstown. o., resume work.
| Numbers of manufacturing concerns in
Connecticut and Pennsylvania resume
work Furnaces at Birmingham and
Bessemer, Ala. resume work Algon-
auin wooden mills. Passaic, N. j.. in
crease wages 10 to 10 per cent. Atchi-
son Railway company announce in
ability to supply new cars to meet de-
mands of shippers.
Week ending Aug. I, 1S97.-Ensign
Car Manufacturing company, Hunting
ton, W. Va, resumes work. Cleveland,
O., rolling mills resume; 1000 hands.
Sugar producers OF Louisiana advance
wages 16 per cent. Cotton mills at
Lancaster. Pa. resume; 1000 hands.
American Watch company, Waltham,
Mass, resumes in all departments.
Iron works at Mahoning and Lebanon,
q, and Birmingham, Ala. resume.
Week ending Aug. s, 1S97.-Fall River
iron works resume on full time; 200
hands. Fall River Printing company
resumes on full time. Columbus. Hook
ing Valley railroad shops increase from
half time to ten hour schedule. Illinois
Steel company announces resumption Of
work National Tube works. at Nc
Keesport, Pa, announce increase OF
wages Union Iron and Steel company,
Youngstown. o., resumes work after a
long shutdown. Pennsylvania railroad
shops at Altoona increase schedule to
ten hours. Washington. Pa, Steel and
Tinplate company doubles working ca
pacity. Birmingham. Ala, railroad
shops extend schedule to ten hours.
Lawrence. Mass. hosiery mill resumes;
1000 hands. Car works at Michigan
City, Ind. increases schedule to IL
hours. with two years work engaged:
1900 hands
Week ending Sept. Is. ls97.-Cordage
mills at Isaia, o., purchased for $780,
600, TO be reopened at once after sew
eral years OF ideness. East Lake
wooden mills. Bridgeton. Pa. resume
after three years idleness. Wead Pa
per mill. Malone, N. Y, resumes after
two years idleness. Large advance in
wages OF coal miners and conclusion OF
coal strike