The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-25
NATIONAL MANUFACTURERS.
President search Submits an I'M
portant Report.

DOrt3nI ItepOFts
Boston. April 25.-At the meeting of the
National Association of Manufacturers as
sembed here to-day President Theodore
c. Search said, among other things in
his annual report:
The interval of fifteen months which
has elapsed since the last annual conven-
ton of the National Association of Man.
ufacturers has been a period of industrial
activity for which there is no parallel
in American history. The demand Tor
manufactured products Of every descrlp-
tion has been almost without precedent
and with few exceptions manufacturing
plants IN the United States have been
crowded with work to a degree that has
taxed their productive capacity to the ut
most. we no longer find manufacturers
striving 10 secure market for their prod
net: their most serious problem is TO meet
the demand for their goods and TO make
deliveries within the time specified by
purchasers. So great is the pressure Of
business that manufacturing operations
are hampered by inability to obtain ma
terial and by a scarcity of labor, while
the railroads are unable to handle prompt
ly the fuel and materials which the man.
ufactrers consume and the goods which
they make.
Wages have been advanced in nearly ev-
cry industry and in many instances there
that labor may be regarded as participant
ing in very substantial way in the pros
perity of the present time
When we assembled in Cincinnati fifteen
months ago we were just entering this era
of extraordinary activity; now we are in
it's midst and there is no evidence that the
end is approaching. These good times
came upon us so suddenly and with such
force that there has been much solicitude
as to the continuance of such favorable
conditions.
Without undertaking to speak in detail
of the prevailing prosperity, wish to call
attention to one fact which gives striking
evidence of the excellent business condi-
lions of the past year. The number Of
failures in the United States In 1893 was
less than during any year since 1888 and
the aggregate liabilities were less than at
any time since 1880 The total amount of
liabilities involved In business failures in
1893 was 800 1888 as compared with $13O,
662, 500 in 1898. We have 10 go back to 1880
to find smaller total-$65, $4,000
There have been many predictions OF
disastrous reaction soon TO follow this
great activity; but thus far there has been
no evidence Of impending collapse, and all
conditions point to a continuance of the
present rial activity for many
months yet TO come.
To get the proper view of the situate
IL Is necessary 10 look further than the
borders of our own coutry. The CONNER
cial and political events of the past two
years have materially changed our posi-.
ton among the nations, and we now have
a place and a part In the worlds affairs
which the United States never has occu-
piod before. American manufacturers no
longer measure their productive capacity
by the consuming power Of their home
markets. for The world Is their market and
an people OF the earth Sare their customers
while as yet there Is no indication that
the output Of our factories Is approaching
the limits Of what our people can con
sumo. there IL sfill less evidence that our
foreign markets are likely TO lesson their
taklngs or our products.
The existence abroad Of business oondl-
lions similar 20 those syhich ere found
here gives strong promise that there VIII
b. no abatement In the neor future u the
activity which our manufacturers now