Crawford avalanche. (Grayling, Mich.) 1879-19??, 1899-12-21
PR0EPERIFY'S FACTS.
EMPHASIZES ~ EXISTING ~
NANClAL CONDITIONS.

VUD0ukeO 80 eS@vO vSuv~3 y -
NANClAL CONDITIONS.
Euormous Increase In the Amount.
Of Money In the Hands OF the Peo-
pie and Il the Vaults Of the Nation
Al Treasury.r 4 ~ - RfpES
In timely and Instructive contribu-
ton to the Saturday Evening Post of
Philadelphia Frank A. vanderlip, As
sistant Secretary rof the Treasury,
brings intolview some OF the splendid
facts of the prosperity with which the
people Of the United States are blessed,
and for which they mainly have TO
thank the change In national policies
brought about by the Presidential cleo
ton of 1896. The Assistant Secretary,
whose relations to Government finances
enable him to speak with knowledge
and authority, draws attention to the
remarkable statistics Of the iron trade
as presenting "a comparison OF both
relative and absolute development such
as has not been seen before" Some Of
the facts resulting. from wise economic
laws are best stated In Mr. Wander
lips own words: ~
"A decade ago we Imported ST.
600, 900 and exported s$14 100000 Of
iron and steel manufactures. Since
that time imports have steadily fallen
and exports risen, until for the fiscal
year 1899 we imported but $12,000OOO
and exported nearly $94,000,0OO. In
spite Nof this unparalleled production
the price of pig iron rose in eight
months, February to September, from
$11 to $24 ton, and at this advance
nearly every mill in the country Is so
busy that practically no orders can be
accepted for early delivery.
'For five years we imported almost
double the value of manufactures that
: we exported. For the fiscal year 1893
we exported nearly $SO,O00,O0O more
manufactured goods than we imported.
In 1898, for the first time, our expOr-
tations of manufactures exceeded the
importations, the excess being about
% per cent"
Where for many years we imported
on an average of $1,0OO,OO0 of manu-
featured goods day and exported
about half that amount, he says, "for
the fiscal year just closed we exported
considerably more than $1,0OO,0 1000 of
manufactured goods every working day
of the year"
The shipping industry, he says, also
shared in the general prosperity, quot
ing statistics showing the increase in
tonnage and in the number of new YES
sells constructed.
He shows that the bank clearings
have increased Al per cent. and the de-
posits % per cent. Ir the figures were
contrasted with those of three years
ago the increase in the deposits would
be 20 per cent.
He shows in the two years up to
Oct. /, 1899, the total money circula-
ton In the peoples hands has increased
$27OOO0,OOO. ~
1.-THE total gold in the country to-
day." he says, stands at $1,000, O00, 900,
which contrasts with $641 100000 three
years ago. Gold is becoming the every
day money Of commerce, and is no
longer found only locked up in banks
and safe deposit vaults"
Another fact he brings out is the
breaking of large bills into small ones.
In four years the number of ST bills
has been increased from $40,OOO,OOO to
$57 900, 900; of So bills from $2S,0O0,O00
to $360OO,OOO and of So bills from
$245, 100000 to $291, 100000.
= The Government securities have adj
vanced and the Agricultural Depart
ment estimates that the value Of farm
animals has increased $342, 100000.
Money orders have increased more than
$20,OOO,O00. immigration has increased
SO per cent.
All these things have come to pass,
together with many other things of
equal Importance, under strictly
American administration. The tide
turned when we began to show less
concern for the fortunes of foreigners
and more concern for the fortunes Of
our own people. .g a...
They Tell the Story.
A great truth was spoken when the