The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1900-06-22
OHIO'S GOOD TIMES.
Prosperity Felt by All People in
the Buckeye State.
Congressman BromwelI Talks About
Increased Wealth of Farmers
Protection for Wool an Inn
portant Factor.

"There is no reason why Ohio should
not give President Mckinley this yeal
the biggest majority that it has ever
| given to any republican candidate fol
president. On the contrary, there j!
every reason why it should" says Hon
Jacob II. Cromwell, of Cincinnati, o
1.-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 a 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, anC
from the protective tarih 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 $32,OOo,.
600 in 1894, to $49,O00,0OO in 1899. In
the state and private banks within
the same period, the gain was from
100000 to $11 100000. In the loan
and trust companies it was from
So, 200, GOO to $9,000,O00, and in the saw
ings banks the increase has been from
a little less than $5,COO000, in 1894, to
almost $11, son, 900 in 1899. In fact, the
bank deposits in our state were more
than 80 per cent. larger last year
than they were in 1894.
"Now this shows 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 $4,000. 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
year. In the loan and trust compan-
les the number of depositors has in
creased from 4,50O to over 1000. In
the savings banks, which hold the ac-
cumulated wealth of the poorer peo-
pie, the number of depositors has also
more than doubled, from 10000 in 1894
10 60, 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-
oo,,rf x.yoc tcoEr 1oc+ vaor oS n ooipct
1914 five years ago.
prosperity can be gagged not only by
the bank deposits of Ohio, but also by
it's bank clearings and record of bust
ness failures. The bank clearings have
shown enormous gains, while the trade
failures have shown correspondingly
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 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 adj
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 it's appearance and con-
ditions.
"There has been a wonderful inn
provement in the value of live stock in
Ohio, particularly in sheep, andl 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 171h cents
in Boston; under the Mckinley tariff it
sold at 33 cents, SO that free wool
meant a loss of 1914 cents pound. But
this year, in January, the same grade
of wool which sold at 171s cents a
pound in 1895, was sold for 35 cents,
having doubled in value under the pro-
tectiye tariff, which is now in force
during President McKinley's admins
tration. 1t is the same with sheep.
On January 1, 1897, just before Presi-
dent Mckinley was inaugurated, all
the sheep in Ohio were worth $5,S77,-
III, according to the figures of the de-
partment of agriculture. Three years
later, on the first day of this year, they
were worth S10,535,250. So you see,
that not only has the price of wool doub-
led. but 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-
alize the benefits of this republican adj
~
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-
lican out of him.