Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1899-09-01
UNCLE SANS FIAANC ES
A Business Statement For the
Fiscal Year Just Closed.
RESULTS OF THE DINGLEY TARIFF.

Ehe Revival of Industry aud Trade Fol-
lows the Restoration of Adequate Pro-
lection - Half Billion Dollars In-
crease In Baniting Deposits Through.
out the Union.
Protectionists will be justified in
talking for some time about the re-
markable achievements in trade and
commerce under the first full fiscal
years operation of the Dinley tariff.
although the exports of agricultural
products declined slightly during the
aast year, it being impossible to keep
Mp with the record of the previous
cultural products because of the fact
that the fiscal year of 1898 showed a
tremendous expectation of these COM
modities by reason Of the scarcity in
many foreign markets, the decline in
agricultural exports was not heavy,
however, the round figures showing
for 1888 exports OF 1858, 100000 worth,
against $7S4, 100000 worth for the fis-
cal year just closed. And yet tho
marvellous aggregate export business
done by the manufacturing establish
ments of the country almost made up
for the loss in agricultural exports.
There were sent out of the country
during the last fiscal year $685., ,000, 900
worth of manufactured commodities,
against an export of like commodities
during the previous fiscal year aggre-
eating 1921 100000 worth. Our eX-
ports of the mines and forests also
showed maraked increases, and the
comparative figures for the two fiscal
years on these classes of products
show an improvement in exports ag-
gregating about $14,O00,OO0
It is worthy of note that although
the new policy of protection estab-
lished by the Dingley law imposed pro-
4ective duties on raw WOOL one of the
chief articles of production entering
dnto manufactures, of which large
portion is imported, the fiscal years
business in imports of articles in
crude ccnL-tic.: Tor domestic industry,
mot subject to duty, increased about
S23,O0O,000 worth, showing that the
aggregate business on imports of raw
commodities for use in domestic man
mfactures increased under the new
Fariff law. On the other hand, the
measure of increased protection af-
9orded on general lines of so-called
|'raw materials" made itself felt in the
Importation Of dutiable articles of this
GLASS, and there was decline in such
Imports of $3,000,000 worth.
The fact should not be lost sight OF
That the volume OF money in the hands
OF the people, as registered by the re-
hurns of national banks to the comp
kroller of the currency, shows a mar
Relous increase over the returns of a
year ago. In July of 1898 the national
Banks reported having in their vaults
individual deposits subject to check
TO the amount of S2,032, 100000. Con.
siderable comment was created by this
remarkable showing of last year, be.
cause the figures demonstrated that
compared with the period of depres
sion in 1896, the bank deposits of thu
people had increased about $400 O0O
900. Marvellous as were these figures
the second year of restored protection
witnesses record even more note
worthy. In single year from July
1888, to July, 1885, the increase in in
dividual deposits aggregated hal
billion dollars. the figures being ap
proximatelyl $49s. s.SOO,OOO - American
Economist.