River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1900-06-21
0HIO'S GOOD TIMES.
Prosperity Felt by All People in
the Buckeye State.
Congressman BromwelI Talks About
Increased wealth of Farmers
Protection for Wool an linz
portnnt Factor.

Protection for Wool an Inn
portnnt Factor.
"There is no reason why Ohio should
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 il should, says Hon.
Jacob II. Bromwell. 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 poyerty-stricken con-
/ ditions under previous administra-
| ton, are conclusive proof that re-
publican administration is the best
thing for the United States, and GER
1 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 tarin for which
he has always been the strongest ad-
yocate in the country.
"The increase in wealth in our state
has been enormous. Deposits in the
national banks jumped from $32,000,-
600 in 1894, to S49,000,00 in 1899. In
| the state and private banks within
the same period, the gain was from
| S4,000,00O to $11,000,000. In the loan
and trust companies il was from
So ,000, 600 to $9,0OO,0 00, and in the saw
| spo.e al. has hoan
little less than 100000 in 1894, to
almost $11, 100000 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 $4,000. In the state and
private banks the number of deposit
ors has more than doubled, from less
than 5000 in 1894 to nearly $4,000 last
wear. In the loan and trust compan-
| les the number of depositors has in
creased from $500 to over 1000. In
the savings banks, which hold the &C
cumulated wealth of the poorer peo-
pie, the number of depositors has also
more than doubled, from 30,032 in 1894
to DISC 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 1857 last year, as against
$314 five years ago.
prosperity can be gagged not only by
the bank deposits of Ohio, but also by
its bank clearings and record of busi-
ness failures. The bank clearings have
shown enormous gains, while the trade
failures have shown correspondingly
| large decrease. both in numbers a S well
as in the amount of the liabilities.
Farmers. as we'll as the workers in
! the factories. have benefited by the inn
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 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-
cally 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 17Ha cents
/ in Boston; under the Mckinley tariff it
/ sold at 80 cents. so that free wool
meant loss of 15Ia cents pound. But
this year, in January. the same grade
of wool which sold at 17b cents a
pound in 1895, was sold for 80 cents,
| having doubled in value under the pro-
tective tariff. which is now in force
during President McKinley's admins
On January /. 1897, just before Presi-
dent Mckinley was inaugurated all
the sheep in Ohio were worth S5,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 $40, 535.2 go. 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
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-
licap out of him"