Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-10-01

4 Comparison That Tells he Story.
A comparison has been made. compiled
from reliable statistics which no one car
question. between the operation es thu
Wilson law during its first sixty days and
the Dingley law for the same period. Thu
period In 1893 marked the beginning Of
the Democratic attack upon protection
and in 1897 its restoration.
SIXTY DAYS UNDER THE WILSON
| LAW.
The following data. gathered largely
| from official reports, presents picture
of the sixty-day period of the year 1889:
with which the two months just ended
correspond both as to the portion of the
year and the period of the presidential
administration. and also proximity to the
tariff legislation.
WEEK ENDING JULY "A. 1893
Failure Of Bohemian. Mont, National
Bank.
| Four Denver banks closed their doors.
| Bank suspensions In other western
cities.
Two other bank failures in Milwaukee
and runs on numerous other banks.
Commercial bank Of Denver fails, cap
| ital $3.50, 600.
| Bank failures at Vernon, Texas, and
| Failure Of Tacoma WASH, National
Bank. capital 100000.
| Failures of banks at Great Falls, Mont,
and Orlando. Fla. capital 100000.
| Suspension of work in manufactures
reported from all sections.
WEEK ENDING AUG. /, 1899.
National banks at Manchester, N. H.,
and Indianapolis, fail. capital 5000
Failure of First National Bank at Spo-
kane, WASH. capital $25000
Ten banks suspend in one day Gully 20,
capital $20O0,0 900.
Bank failures in South Dakota, Mon
tana, Illinois. Kansas. Texas. Washing
ton. New Hampshire. and correspond
ingly large numbers of business suspen-
sions.
WEEK ENDING AUG. s. 1893
Collapse Of Chicago provision deal and
many failures of commission houses.
Failure of National Bank OF Ell Paso.
Texas.
Failure Of National Bank, Of San An
tonic. Texas.
Failure Of National Bank of Muneie
Ind.
Fifty-third Congress meets in special
session to begin Its destruction of the
Mckinley law.
WEEK ENDING AUG. Is. 1899.
Encounter between anarchists and So
cialists averted by New York police.
Meeting of anarchists broken up by
New York police.
Failure of National Bank of Hindman.
Pa.
Failure of National Bank of Tacoma.
Wash.
Suspension of manufacturing establish
ments in numerous states.
Announcement by the comptroller of
the currency that 155 national banks and
$50 private banks had failed during the
year ending Aug. Is.
Railroad receivers appointed during Au-
gust for Northern Pacific Philadelphia
and Reading, New England and Pitts
SEPTEMBER.
Railroad receivers appointed for Wis
consin Central. Chicago. Peoria and st.
Louis, Cleveland. Canton and Southern
and Evansville and Terre Haute Rail-
roads.
The mileage of roads placed in the
hands of receivers during the year 1893
was 25.375, nearly one-seventh of all the
lines in the United States. and their in
debtedness N.212.217033
During the year there were 1915 mer-
camille suspensions. involving liabilities
amounting to $346, 1859. ~
loans were made on call at the New York
Stock Exchange as high as u per cent.
The number of minor business failures
owing to bank suspensions and to inabil-
ity to make collections has not been tab
ulated. but reaches into the hundreds.
SIXTY DAYS UNDER THE DINGLEY
fit Law. 3
WEEK ENDING JULY a. 1897.
From Bradstreet's Financial Journal:
Twenty thousand workmen resume
work in the iron and steel Industries