davidaulloa/AmericanStories huggingface dataset:
The Yale expositor., 1897-11-05

fall of 309,0S9 tons. The amount of iron
made now and during three months past
is very closely equal TO the amount in
1890; but the amount actually consumed
is considerably greater,
This goes TO the root OF prosperity be-
cause the consumption OF iron is the best
possible measure Of the activity Of rail
roads, both in maintenance and in new
construction, of house bu lding and Of new
manufacturing plants. This increased ac-
uvity also was chiefly in the past month.
From July 1 to Sept. l stocks only fell
136,502 tons. In September pig iron
stocks fell 172,5S3 tons. Taking plo-
ducton and stocks together, in July and
August, about 1T2, 200 tons We're consum-
ed each week; in September 226,200 tons
weekly. Here is an increase of $500
tons in the weekly consumption of iron
in September over the average of July
and August an increase of 81 per cent.
Such an advance in the consumption Of
iron indicates very large advance in the
disbursement Of wages, because the
amount spent on any enterprise for iron is
very small share OF the total expended
for wages in the same enterprise.
The Yale expositor., 1897-11-05

500, O0,CCO, or about S2,0OO.0O0 dav.
The gold exports which have begun e
therefore small by those which will follow
and they will come at time when the
treasury at Washington holds within $4,-
100000 as much gold as the Bank OF
England. Not unnaturally discount rates
are falling here and risking abroad, and
with the rise abroad in discounts has come
a sale OF American securities to this coun-
try. The national mortgage is being paid
and one more step taken toward the imam
cial and commercial supremacy Of the
world.
Wheat prices turn just now on Argen-
tine supplies. which may be from 10000
coo 70 50,000,000 bushels, no one knows
which Free exports continue and the
Western farmer is making his sales at
higher profits and less tramme.ed by arti-
fetal causes than in n number Of years, TO
the national advantage. The Daily Dry
Goods Reporter pnts the cotton yield at
9,371 600 bales Of 500 pounds This would
be, with one exception, the largest crop
on record and both cotton and print cloths
fell last week. Bessemer pig and steel
billets rose last week and in general iron
and steel look to larger prices. The ship
ments Of boots and shoes are now at the
highest figures Observation-Disclosures
Press
The Yale expositor., 1897-11-05

America and of American institutions
who are fond of prophesying that the time
will come when the United States will
split up into several different countries.
The wish Is father TO she thought, for il
has no real basis on existing facts. Every
true American knows that that time VIII
never come, and deplores and condemns
any talk which tends to arouse sectional
ism.
What spirit OF sectionalisIn still exists,
we owe almost entirely to the free traders.
They Systematically try to stir up the
West against the East on the ground that
protection unduly favors the Eastern
manufacturers; they try to rouse the East
against the West because, as they say,
protection favors the Western ranchers
to the detriment of the people of the East
North and the North against the South.
II is quite consistent that those who would
make catspaw Of our own country to
enrich the nations OF the earth should try
to sow the seeds OF disunion within our
own borders. The American people are
indebted TO the free traders for many
evils, and not the least is this effort of
theirs, on every occasion, to stir up a
spirit of sectionalism. 1t is an evil which
should be stamped out in summary fash
ion and al honor should be given to that
thoroughly American law, the Dingley
law, which, by protecting all sections Of
the country alike, has disarmod section
olSm
The Yale expositor., 1897-11-05
Exports of Manufacturers.

The excess of merchandise exports for
September reaches the stupenuous fig
ure OF $62, 2S1. 1877 This is $1,000
600 over the most liberal estimate
and SIS 100000 more than seemed likely
two weeks ago. Never in our commercial
history have exports been so large from
the lesser ports and this deranges all cal
culations. The excess Of exports is al
most twice the excess in September, 1896,
$34 ,275, 1C3. Last year the cotton crop
was early. This year IL is late. 1t is NOV
ing in October when the excess Of mer-
chandise exports was SG3,019,2G7. I'M
ports are this year less than last year for
New York by $2,1T5,000, and whne ex-
ports from New York are about $500, 900
less, they are undoubtedly larger for the
country, as G2,000 more bales of cotton
and 100000 bushels Of wheat are known
to have teen exported from all ports. The
heavy excess of September will therefore
be in all probability equaAed and the two
months will have an excess together Of
The Yale expositor., 1897-11-05
Pnpocrats. Attention..

What were some of those remarks that
were heralded around from Popocratic
stump to stump last year, to the effect
that our currency was so limited and con-
tracted that we could not do business,
and that the only hope for a return to
prosperity was through the free coinage
of silver at 16 to 1? 1t is quite evident
TO observant men that some of these Pop
ocrats were laboring under a mistake, be-
cause by reference to the election returns
of 1896 it will be seen that the free coin
age proposition was not adopted, and yet
here we find in the country to-day nearly
a hundred million dollars more in circula-
ton than there was a year ago, and not
a dollar of it free silver. Gold alone has
increased in circulation in the last year
over fifty million dollars.
The Yale expositor., 1897-11-05
Kansas Is Prosperous.

A correspondent in Wichita tells OF re-
markable revival thus: Has a miracle
been wrought beside the Kansas Nile p?
Is this case Of the dead brought to life
Truly prosperity has breathed into the
nostrils of Wichita. The fever of boom
ing ragged here in its most malignant form.
1t was followed by a trance-like state of
such continuance that some mistook ii for
death. But an awakening has come. The
flush of returning health is plainly visible.
The pulse is beating strong. In the banks
of Wichita are more deposits to-day than
at any previous time since the boom was
at its height nearly ten years ago. They
are exactly double what they were one
year ago.
On one of the principal corners stands
bank which has been organized year,
with $4,000 capital. 1t has in deposits
to-day $250,000, just ten times its capital
stock. Six hundred loans came due this
year in Sedgwick County, of which Wi
chita is the seat, and 400 of them have
been paid off, Money is going begging.
Block, the millionaire capitalist, has been
trying for three weeks to place $4,000
where it will earn something and still
has it. Travelling men for Wichita job
btlot NhoSt ShiNo a sthl bSV ANtlASNG f's-
600 a week are now turning in orders for
$4,000 a week. A new mill grinding 300
barrels of -four a day has just started.
In the directors room of one of the
banks eight or ten of the substantial men
of Wichita were gathered to make prepar-
atoms for the Kansas bankers conven-
ton, to be held here. One of them talked
and the others acquiesced in this view of
ba hc ;,,G ,,s4
~ better off than we were last year. We
have doubled our deposits and are carry
ing stronger reserves than ever before.
We have on an average GO per cent in
cash in our vaults. Our jobbers are doing
double the business they did last year.
There isn't one of them that can keep up
with his orders. We have five Wholesale
grocers, two wholesale drug houses, two
jobbers in dry goods and the same num-
Der in boots and shoes. Ten or fifteen
more jobbers could come here and do well.
The country banks all around us are in
fine condition with larger deposits than
they ever had. The live stock interests
in this vicinity are larger than they ever
were. The reports show that we have
6S,000 hogs in this county Of Sedgwick.
In Sumner, the next county, the wheat
crop this year was 100000 bushels, more
than was raised in any other county of
the State. More people are buying homes
in Wichita than at any time since the
boom period. The books of a leading real
estate firm show more transactions in six
weeks past than in six years preceding.
We thinl. good times have come to Wi
chita to stay" And these are but few
instances of Wichita's prosperity.
The Yale expositor., 1897-11-05
Railroad Men Were Wise.

The railroad employees of the country
are not regretting their labors and votes
Of last year in favor of Mckinley, sound
money and protection. The gross earn
ings OF the year just ended for the rail
roads of the country are $I5,0O0,O0o
greater than in the year preceding, and
the number of people employed has large
ly increased, with higher scale of wages
in many cases. Railroad shops have start
cd up all over the country on full and
overtime, giving employment TO thousands
of old hands who had been thrown out of
employment by the previous depression,
and the difference generally between con-
ditions in railroad circles now and a year
ago shows a remarkable change.
The Yale expositor., 1897-11-05
A Wise Action.

The Presidents action in the appoint
ment of special reciprocity commissioner
to arrange our reciprocal trade relations
with the countries entering into our recip-
rocity agreements is spoken Of with gen
cral satisfaction. Under President Har-
rison's administration these matters were
attended to through the State Depart
ment. whose tedious rontine methods occa-
stoned considerable delay, but the sub
jet was an experiment at that time, while
under the last administration the recp-
rocity treaties were all abrogated. leading
to retaliatory measures on the part OF
Spain, France, Germany and South Amer.
lean renuhics
The Yale expositor., 1897-11-05
L,oui.,nna BUSINESS Improvcd

The Shreveport jobbers and wholesalers
unite In saying that the business season is
opening nicely and promises to be unusually
active They are In position TO know, and
we hope and suspect they are correct In this
conclusion Confidence Is gradually iincreas-
Ing In all departments Of trade, and II really
seems probable that the long expected era
OF prosperity is about to dawn upon our fair
and fertile Southland. IL Is trusted that the
eXDectatiou may meet full realization
Shreveport Osa.) Times.
We are glad to learn of this business i'm
movement, and trust that it extends
throughout Louisiana. The answering
efforts of United States Senator IcEn-
cry to secure protection for, and to pro-
mote the interests of, his State axe
promptly bearing good fruit. Whenever
the sugar industry of Louisiana is pros
porous, then all its wholesale and retail
interests must be in the same happy condi-
ton.
The Yale expositor., 1897-11-05

son why the British manufacturers should
not do equally well, and says that the
American machinery is inferior to that Of
British make. and cheaper, but il sells
well, and that is the principal thing" If
a few English firms were to subscribe to-
gether and send out n man to visit the
Islands Of Principe and S. Thome, and
then Loanda, Benguella and Mossam-
medes, so that they might get an insight
into what class Of machinery is required
in those parts, their money would not, the
vice-consul stated, he badly spent, and
they would learn a great deal. They
would probably learn something about the
superiority Of the American machinery.
The Yale expositor., 1897-11-05
Have Money TO spend.

Profits and wages being good in the States
may cause such demand all round that the
British trades VIII feel something of ii in
spite OF the tar1.-Bradford (Englandl OBJ
server.
We think so. This was the result dur
ing our prosperity under Mckinley pro-
lection. Wkan money is abundant here.
our people always bay freely of British
Injuries 1t is from such purchases as
these that we add largely to our customs
revenue under q protective tariff.
The Yale expositor., 1897-11-05
Continues to Sweep Over the
Land, Placing Prosperity
on a Solid Basis.
Various Sections Vie with One Another in
ProClaiming the Return Of
Good Times.
Y HE record of mercantile and

T HE record of mercantile and
manufacturing activity continues
- to verify the predictions Of those
trade optimists who have been contend
Ing al along that the upward move
ment is not spasmodlc or speculative
but actually rests on basis Of growing
demand which is destined to be perma-
nent. 1t is now over three months since
thenew tariff law was approved by the
President. While the most ultra-pro-
tcetionlsts will not contend that the
new law could have such n marvellous
effect upon trade conditions in so short
"a time, no careful observer will deny
that the revival of business confidence
has been steady and continuous since
its enactment. 1t is ain illustration of
what a settled economic policy on the
part of the Government will do for the
business interests of Ehe country.
The significant features of the phe-
nomenal trade Improvement are the
heavy increase in iron production and
consumption, the largest payments
through clearings ever known in Octo-
Der, the increase in the employment of
labor and the record breaker in wheat
exports. AT every point where actual
production can be tested it appears
greater than before. The increase in
the employment of labor has continued
and there are daily reports of resump-
ton of work I'm idle factories and sharp
advances in wages.
The September exports of wheat sur
pass all records, amounting to 25,SGS.-
S3S bushels, against 17,G46,S15 bushels
last year, the value being over 100 per
cent larger for all breadstuffs. For the
week just closed the total exports of
wheat from both coasts of the United
States aggregated 6,039,720 bushels,
against 4,S35,64 bushels last week, A.
156,S17 bushels year ago and 100000
bushels in 1895.
With such a favorable showing in
all departments Of business activity
the pessimistic calamity waller hasn't
leg left 20 stand on.
The Yale expositor., 1897-11-05
What Comptroller EclxeIs Says.

The statement of Comptroller Ecke,s of
the United States treasury in regard to
the business improvement throughout the
country is very encouraging. He states
that 1.-THE Improvement has come rapidly
and permeates all lines of industry. 1t
began with the agricultural class. The
farmers have large crops and are getting
good prices for them. The cattle raisers
are benefited by substantial rise in the
price Of cattle. The same is true with the
sheep raisers. This Improvement in agri-
cultural earnings has had its effect on the
railroads by increasing their earnings. 1t
has put money into circulation and en-
abled people TO pay off their debts, and
has thereby benefited the merchants"
The Yale expositor., 1897-11-05
More of 1t.

The Financial Chronicle notes many
proofs Of improving business. Bank clear
ings in August were SO per cent better
than in August, 1896, and September
clearings are 30 per cent better. The
September ciearings, in fact, are the larg-
est in our history. Failures were but
1912, with liabilities OF $1,000, 033,
against Lola failures, with 500, 774,917
Of liabilities in the same month last year.
Railroad earnings were 1875 per cent bet
ter on eightyfour roads than on the same
roads in the same month of 1896. These
are cheering signs of n general growth in
business and returning prosperity. If we
could only quiet our jingoes and give prac-
teal interests a chance bright future
might be cipated.-Baltimore Sun
Oem.)
The Yale expositor., 1897-11-05
Far from Disseminating.

The free trade organs are fond OF compar-
Ing the tariff receipts OF the first sixty DAYS
OF the Dlngley law with the first sixty DAYS
OF the Wilson law-well knowing that spe-
cial conditions operated IN favor of the VIII
son bill before It's passage and while the
Dlngley law was pending. Pa.)
lntell.gencer
Allowing for the disadvantages under
which the Ding.ey bill suffered, during
the first sixty days of its enactment, a
comparison OF its results with those of
the Wilson bin during its first two months
incubation, is far from diseouraging to the
friends of protection. 1t will be found
elsewhere
The Yale expositor., 1897-11-05
A Sure Barometer.

The monthly statement of the postal re-
ceipts of the principal cities of the coun-
try, which has just been made public, is
of great significance as an indication Of
the condition of general business. A
handsome increase in the income Of the
postoffices of the leading cities was made
in September, as compared with the same
month in 1896. In only few places Of
10000 inhabitants or over was there any
falling off in the month. One Of these
was New Orleans, where the decline was
probably due to the yellow fever, which
has seriously depressed business in that
town and throughout a large part Of the
region bordering on the Gulf Of Mexico.
The Yale expositor., 1897-11-05
american II untness.

1t is Secretary Sherman's blunt way
that is. dispensing to Englishmen, and
it certainly does not place Salisbury in
the most favorable light. The American
people will not think any the less Of Sec
rotary Sherman for the opinions regard
ing him Of the English press. He may be
wanting in the useless arts and wiles of
diplomacy, but he knows how to state
facts SO that everybody can understand
them and he has shown himself to be n
match in controversy for Salisbury or any
other British diplomat.-Omaha Bee.
The Yale expositor., 1897-11-05
They Are Disannninted.

The Democratic orators who were ex-
pecting TO make mnce meat of the feature
Of the Dingiey law relating to expectation
of American manufactures have lapsed
into singular silence. Nor are they max
ing comparisons of the expectations un-
der the new law and those of year ago
under the Wilson law. For their exclu-
slve information, attention is directed to
the fact thaS these expectations aggre-
gated during the second month OF the
Dingley law S103, 3G0,0O0 as against $780,
10000 in the corresponding month of
last year.
The Yale expositor., 1897-11-05
Trade. Price and Iron.

All other faces and conditions in the
business situation are of small conse-
quence by the side of the sudden and
rapid increase in September in the con-
sumption of iron. The production of pig
iron is no grcater-in fact, it is a little
less-than two years ago. The weekly
production, Oct. 1, 1895, was POI, Ala tons
("Iron Age" fgures), and on the first Of
the current month the total product,
weekly, was 200,12S tons. This makes
the product practically equal now and
two years ago. The consumption has,
however, greatly increased. In 1895,
when the product rose 10000 tons in three
months. from July / to Oct. 1, against
10000 tons now, the unsold stocks stead
lily grew. This year the unsold stocks
have fallen in three months from 1,O0O,-
612 tons July to 601, 527 tons Oct. i, a
The Yale expositor., 1897-11-05
A Rcbuke TO Demagoques.

To the demagogues and agitators who
are assailing the corner stone Of Ameri-
can government, the judiciary, the ex-
ample of Justice Field comes as a speak
ing rebuke. Field entered upon his duties
just before the most trying time in Amer
lean history, the period of reconstruction.
During his long career on the Supreme
bench he won the respect even of his
bitterest political opponents. He was
ever true to his convictions.-Cincinn
Times-Star
The Yale expositor., 1897-11-05
c!SCOuRAorNG TO sRYANITEs.
Money Circulation Increases a Ann-
dred Million In "A Year

Mr.. Bryan and his free silver colaboTers
would like to blot out the newspaper rec
ords of their speeches year ago. 1t was
just this time in the campaign of 1896
that they were asserting that the country
was suffering from a lack of currency, and
could only be supplied by the free and UNI
limited coinage of silver. The people
of the country did not agree with them,
and free and unlimited coinage has not
been put into operation. Yet the October
statement OF the Treasury Department
shows that the money in circulation to-
day is, in round numbers, $10,OOO,OOc III
excess of that one year ago. Curiously,
more than one-half of this increase is in
gold. The following table, issued by the
Treasury Department on Oct. i, shows
the money in circulation Oct. l, 1897, COM
pared with Oct. 1, 1885,
The Yale expositor., 1897-11-05
They Acknowledges the Corn.

The silverites have at last weakened in
the face Of the rapid depreciation in the
value of their metal. 1t was n matter Of
surprise that they should have shouted
silver as long as they did, in view of its
steady depreciation, but they were doubt
less in hope that. some.hing-wheat or
something e.se-would carry it up again
TO its price of last year. Instead of this,
It has gone down Ike chunk Of lead, lit
orally, and finally stands at such rdicu-
lousy low figure that they have been fore
The Yale expositor., 1897-11-05
Bnnlrs Attest Revival.

st. Louis bank clearances in the week
just ended, which were, in round figures,
$30,000,000, were up near the highest line
ever reached. The increase over the same
week in 1896 was 2S.2 per cent. Proba-
bly, if the yellow fever scare in Texas and
along the gulf coast were ended, st. Louis
c!earings these days would be breaking
all records. Part of the territory thus
affected is, in business way, tributary
to St Louis.-St. Louis Globe-Democrat.
The Yale expositor., 1897-11-05
Good for the Dinp,cy Law.

Senator Jones Of Arkansas called atten-
tion-in a speech in the Senate-to the
remarkable record of the Wilson law as
relating to the expectation Of American
manufactures. And yet the expectations
of this class under the second month Of
the operations of the Dingley law were
% per cent in excess Of those Of the CORE
spending month Of the Wilson law of last
The Yale expositor., 1897-11-05
American Maohin nv in Africa.

The British vice-consu at Loanda states
that up to the present no British firm has
sent out representative to Angola.
There Is Il fair demand for cane-crushing
mills, steam engines and turbines. \
representative of an American firm is out
for the third time within four years, and
has done good business. He sees no rea-
The Yale expositor., 1897-11-05
scctionalism.

The spreading Of protectionist sentiment
in the South. the impartial and wholly ma
tional spirit which has determined the
provisions Of the Dingley law, and tho
wise and statesmanlike utteranees Of
President Mckinley have gone far to de-
stroy the remnants of that sectionalism
which, forty years ago, threatened to de-
stroy the Union. There are enemies Of
The Yale expositor., 1897-11-05

for county fairs through the country. Mr..
Bryan "lectured" at the Wichita, Kan,
county fair the other day, under an agree
ment to receive one-half of the gate re-
ceipts. This was paid him, amounting to
$1,000, but it was then discovered that he
had been swinded by the management,
which had made extra charge for grand
stand tickets and for selling beer, the pro-
ceeds Of which were not divided with Mr..
BRYAN
The Yale expositor., 1897-11-05
Nehrnska,s BEST lione.

Mr.. Bryan's remarks in private letter
of admonitiou to his friends in Nebraska
that the Republicans are working night
and day to carry the State. No doubt
this is true, and it will be great good luck
for Nebraska il the Republicans succeed
in their object.-St. Louis Globe Demo
The Yale expositor., 1897-11-05
won,t AcknowIedre the Corn

Already the law Dingey) Is indicated SO
far as Its effect upon the Industries OF the
country Is concerned. IL will be justified In
due time a revenue measure.-Omaha
(Neb) Bee
True. But the free traders will never
be honest enough to acknowledge 1t.
The Yale expositor., 1897-11-05

Mr.. Bryan was heard to say some
months ago that he would be f-ad IL the
Mckinley administration could bring
prosperity to the country. That vas very
patriotic, but has anybody heard his ex-
pressions of satisfaction since II has GOMEZ
The Yale expositor., 1897-11-05

ed out of self-respect to quit bowling for
free coinage, and are now kicking around
the political junk heap for some other
WORKOUT kettle which they can patch up
and hing nYer the nnlificnl fire
The Yale expositor., 1897-11-05
Hardly POSI- bic.

The country wants rest from tariff agita-
tlon and tariff tinkering, and besides there
Is no reason to suppose that tie present Con-.
gress would pass any better tariff law
Lynchburg (Ya) News.
We doubt whether any Congress cOuld
pags better tariff law