Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1900-06-21
OHIO'S GOOD TIMES.
Prosperity Felt by All People in
the Buckeye State.
Congressman BromweIl Talks About
Increased Wealth of Farmers
Protection for Wool an I'm
pOrtant Factor.

not give President Mckinley this year
the biggest majority that it has ever
| given to any republican candidate for
president. On the contrary, there is
every reason why it should" says Hon.
Jacob II. Bromwell, of Cincinnati, o.
The increase in business, the great
| er employment of labor, with much
larger amount of wages circulated
within the last few years, when con-
trasted with the poverty-stricken con-
| ditions under a previous administra-
| ton, are conclusive proof that re-
| publican administration is the best
thing for the United States, and GER
| tainly for Ohio. 1t is safe to say
| that every person in the Buckeye
| state has felt, in some shape or man
ner, the benefits arising from Pres
ident Mckinley's administration, and
from the protective tariff for which
he has always been the strongest adj
vocate in the country.
THE increase in wealth in our state
has been enormous. Deposits in the
national banks jumped from $50 ,000,-
600 in 1894, to $49,000,0OO in 1899. In
the state and private banks within
the same period, the gain was from
| $4,OOO,O0O to $11 100000. In the loan
and trust companies it was from
| So, ,OOO, 600 to $9,OOOOO0, and in the saw
! ings banks the increase has been from
a little less than 100000, in 1894, to
almost $11, 500, 900 in 1899. In fact, the
bank deposits in our state were more
than so per cent, larger last year
than they were in 1894.
Now this shows a most decided in
crease in the wealth of the state. But
what is far more satisfactory is that
the prosperity has been felt by more
people. For instance, in 1894 there
were less than $4,000 depositors in the
national banks, while last year there
were over 10000. In the state and
| private banks the number of deposit
ors has more than doubled. from less
than 10000 in 1894 to nearly $4,000 last
| wear. In the loan and trust cOmpan-
! les the number of depositOrs has in
creased from 4,500 to over 1000. In
| the savings banks, which hold the ac-
cumulated wealth of the poorer pco-
pie, the number of depositors has also
more than doubled, from 30.032 in 1894
10 GO.1S9 in 1899. Notwithstanding
| the large increase in the number of
| depositors, the average amount to the
credit of each holder of a bank ac-
count was $357 last year, as against
$314 five years ago.
"Prosperity can be gauged not only by
the bank deposits of Ohio, but also by
it's bank clearings and record of busi-
ness failures. The bank clearings have
shown enormous gains, while the trade
failures have shown spondingly
large decrease, both in numbers as well
as in the amount of the liabilities.
Farmers, as well as the workers in
the factories, have benefited by the i'm
| provement In business under President
Mckinley. With all the factories busy,
and many of them running overtime,
| there has been a much better demand,
! right in our own state, for what the
| farmer grows. The factory hands earn
better wages, and more of them, than
| they did under the last democratic ad-
ministration. They are, therefore,
able to pay better prices for their food.
Talk to any farmer in the state,
whether he be democrat, populist or re-
publican, and he cannot help acknowl-
edging that he has received better
prices in the last two years, and that
his farm is in better shape both finan-
cially and as to its appearance and con-
ditions.
There has been a wonderful i'm
| provement in the value of live stock in
Ohio, particularly in sheep, and that
| is due entirely to the protective tariff
! on wool. Under the free wool tariff
of the democratic party, the best
grade of Ohio wool sold at 17H cents
in Boston; under the Mckinley tariff it
sold at 33 cents, so that free wool
| meant loss of 1914 cents pound. But
this year. in January. the same grade
of wool which sold at 17h cents a
| pound in 1895. was sold for 35 cents,
having doubled in value under the pro-
tective tariff. which is now in force
during President McKinley's admins
| tration. 1t is the same with sheep.
| On January l, 1897, just before Presi-
dent Mckinley was inaugurated, all
the sheep in Ohio were worth Sj,S77,-
partment of agriculture. Three years
later, on the first day of this year, they
were worth $685. $50. So you see,
that not only has the price of wool doub-
led. bat the value of the sheep is now
almost 100 per cent. more than it was
before the farmers wool was protect
ed and before the country began to re-
aliZc the benefits of this republican ad-
ministration.
IF this is not cause enough for every
farmers in the state of Ohio to vote for
the reelection of the president from
his own state. then no degree of pros
| perity or well-doing can make repub-
lean out of him"
Lending Money to Europe.
New York bankers have loaned
! Franco S15 QOD CDO and wOull he pleased