The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1902-04-18
Still the Procession
OF Prosperity

The following are a few OF the many feature,
Of the professions:
in 1901 we exported $aj', OOO, 600 Of our agri
cultural products, cotton leading for the first
time in several years. and we imported sSos, 900.
600 Of foreign agricultural products. leaving Il
balance OF $500, 700, 600 in our favor. That 1.
what OH farms, our plantations, our cattle
ranches. and our orchards added to Our national
wealth in that enc year.
Very ricl, deposits Of iron ore have bee,
found in Northern Minnesota. One tract sold for
$40, coo.
"The United States goes up head again for
last year in the way of coal production. and.
whereas Great Britain fell behind about six
million tons. the American output was 5000, 0o
tons moro than in 1900. This is largely due to
the great expansion in the butuminous coal out.
put of the country. All the states help to swell
the chorus, but the old keystone state is, as
usual. at the top in the matter Of production,
which Is three times that OF its nearest rival,
and the latest and the most active in West Viz.
ginia.'-F. T.. saward in Commercial Advertiser.
The commerce Of the Philippines seems to he
steadily increasing. Tie figures for the first ten
months OF 1901, Just compiled by the war dc.
part1nent. slow imports OF a24, 900, 900 against
$50. OO0,0 600 for the corresponding ten months OF
the preceding year and exports OF 2 0,0O0,O 900
against SIG, 900, 100.
Nine cent cotton, will, payment in gold, says
the ST. Louis Globe. Democrat is a far better bar.
gain for tho south than the arrangement it voted
for in 1895 and 1900.
Financial estimates recently published in
New York show that the Accumulated deposits
OF wage earners in the various savings banks.
trade unions, loan associations, ~fratcrnal orders
and life insurance associations in the United
States now aggregate the enormous sum of 3d..
600, OCO, 600. This is double the amount of such
deposits in 1896. the last year of Democratic rule.
The country has steadily advanced in prosperity
since that date and deposits of this character
lave increased on an average OF 1926. a
year. '-Portsmout IN. H.) Chronicle.
The other day at Pittsburg there was closed
the biggest transaction in pig iron ever made
in this country or in the whole world. when the
United States Steel corporation placed an order
for @Oo,o ~ tons Of pig iron at slG.5O per ton at
the makers furnaces. The deal represents an
outlay OF $3.50, 900. and delivery Is to begin next
October and extend to next March.
The amended national bank act, authorizing
banks to start with $4,000 paid up capital ill.,
stead Of $4,000. went into force on March II.
1900. From that date to Marcel, 81, 1902, the ret
increase in the number of banks has been S0j.
0l9 new ones started but Ill old ones dropped
out. The total national bank capital has in.
creased from GIG millions to 6s2 millions, an in
crease Of So millions. The circulation secured by
bonds has increased from 216 millions to 81 mil.
lions, an increase of 1O1 millions.
About 1000 structural iron and bridge workers
at Pittsburg will receive a % per cent. advance
in wages on May /.
The entire feet of the Steel corporation, con-
sisting of As vessels. has been ordered into i'm.
mediate service and the spring movement Of ore
has begun.
by the policy Of free trade you give away
your %jackknife in advance and have nothing left
to exchange. BY the policy of reciprocity we
say TO other nations which grow and produce
things which we cannot grow and produce:
we need Your products and you need ours.
We will let your products in free if you will let
Guns in free This is the logic of protection.
the logic Of reciprocity. and the logic OF pros
perity. Our financial standard is as unequivocal
as our flag, and both command respect at home
and abroad. In 1898 we added to our interest
bearing debt of ss47, 3Gl $50 a further debt OF
SOS, 7G2, eco for expenses Of our war with Spain.
But from March !, 1897, to September l, 1891, We
paid Off $685. l7. $50 Of our public debt and cut
down our annual interest charge by nearly eleven
million dollars. From September l, 1901, to
February I. 1902, we still further reduced our
public debt by S43. 5i5, 80, and still further lc.
duced our annual interest charge by &l,7ii, OB4.
In all, within the last five years We have paid
Sl07 ,N3, $50 of our interest bearing public debt,
and reduced our annual interest charge by sl2,-
asa, POI. 80. Tie sum of our trade balances in
the last three years, it is said, equals the sum
OF all the gold in all the banks and treasures
IS l.,,,,, r-,l.. a.. uL1-.,.. .., 81.
=. u'opr =" !. heNn'ey t"im ~ tne
nN". !,' Co oh eHpo'.s were fl'o"''-'e'ite'
"e, a. '"a '"ua' u io'' ."es en- !" f9o'''
"h't VI iVi, ""orr 'hc pihses .nW,
they rose to Sl.4s., 'Gi ,Gl. Our imports for 1901
are valued at SS-3, 100. $50, leaving a balance in
.' ANoi Vi F"''''''''li. me noise'poWer CT
y nv enn" " oo' - ii''ooooo' equal
~ 'ne "o." vi ooooo,u" men representing IL pop
u",.o" VI "oo'"Vo'Vo' CONGRESSMAN Hamilton
" .n'on,s"" ~ ~ r!o'ee''on's'.1
"9.,'"A!s ,o''o h'to III ''e rhil"ueIphia lec'
o'' WI ''eue''c '' ii'shi' says Inc COVER
lors parry WAS 'aken across a new sugar "iiatc
at "uanira' upon winch an American company
Is sFchul'% ''VW,WV III mas acquired lJ,VW