New-York tribune., 1899-11-24
"OUR NEW PROSPERITY
FACTS AND FIGURES OF 1T SET FORTH By A.
srsrANr SECRETARY VANDERBILT IN THE
SATURDAY EVENING POST"

Philadelphia Nov. z.--Frank A. Vanderip A.
s,stant Secretary OF the Treasury. contribute, "a
this week's issue Of THE Saturday Evening Post"
an article on "Our New Prosperity" in which
he gives interesting statistics Of the business and
finance Of the country. The situation in the iron
trade he says, is more representative OF industrial
conditions than anything else. THE statistics OF
tho, trade" he says "are so remarkable that they
will make the closing year OF the century present
conoparison OF both relative and absolute develop
ment such as has not been seen before"
The production OF pig ron according to his state
ment will reach 100000 gross tons. and that Of
steel over 100000 tons. As an evidence OF the
tension of the trade he says: "A decade ago We
imported 100000 and exported 100000 Of iron
and steel manufactures. Since that time imports
have steadily fallen and exports risen until for the
hscal wear 1899 we imported but NZVo,VW and y-
norted nearly s940O0,000. In spite OF this unpara
leed production the price OF raw pig iron rose Ia
eight months February TO September from III to
s2i ton. and at this advance nearly every MIL IN
the country Is so busy that practicahy no orders
can be accepted for early delivery
Containing he SAYS: Five years ago we imported
almost double the value OF manufactures that We
exported Fer the fiscal year 1883 We exportd
nearly $50 COZ 900 more manufactured goods than
Imnorted In 1888 Tor the first time our exporta'
tions Of manufactures exceeded the H"po''@uons
the excess being about % per cent
"yvbere for many years imported on an aver
age 81 10000 OF manufactured goods DAY and
exported about half that amount 10. the e nsca ysa
lust closed exported consloelay' nrSi, J 'aaa a
81 900 coo OF manufactured goods every "o'h'ns gay
After touching on the enormous exports OF now.
he gives his attention TO railroad earnings. he
saws: Figures from ia companies ss9" q sem ~
ing the total from 100000 10 syeyDoy ne net
EARNINGS Of the same roads increased ityit eiGSve-
000 10 S72 100000 making gam OF sLy,gN'v' ~ We
net revenue. IL must be rememoerea, however.
that these comparisons are mace win year
which itself showed phenomenal gains. ~ we 80
Sack further than 1898 we will md compar.sons
that are astounding AS contrasted WIN thIs .o.ao'
63 10000 is total in 1884 OF sSoov'VN Sss & eaa' .a
ings rose during these five years from |lV-W"W to
SIP 10000" -. .h..oa - A,
The shipping industry he says. also SHARED IN ne
general prosperity, quoting statstlcs showing he
increase in tonnage and In the NUMBER OF NJ" YES
sells constructed He shows that the Danh ..eaassnss
have increased Al per cent and the deposlts - ps.
| cent If the figures were contrasteu VIII lhose q
three years ago the increase In the deposits "o-f
| be 70 per cent. 49,. .. o,.o,.,
| He shows that in the two years up TO Octooefl
| 1893 the total money circulation in the peopss
hands has increased SAO,Vom
THE total gold in the country To-Day, ne says
Stands ST. 600 900 COO which contrasts with SoiN'
900 three years ago. Gold is becoming the etery.
| only locked up in banks and safe deposit vaula"
Another fact he brings out is the breaking Of
| large bills into small ones In four years the mum.
| Der OF one-dollar bills has been Increased from
| 40 O01Oo0 TO 100000 OF 81 bills from 10000 20
36.OO0000 and OF IS bills from 2t5OooCo to zLyoM
| the Agricultural Department estimates that tho
value OF farm animals has Increased Si2oo04
| Money orders have increased more tnan SN,VcM
| immigration has increased SO per cent