The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1902-03-28

from other sources, 81 1880, making a
total of $1,51S.19. Disbursements for
the year aggregated $1,170.65, leaving a
balance in the treasury of $347.54.
Mr.. Kaufman, as chairman Of the
finance committee also read the fol-
lowing interesting report:
REVIEW OF THE YEAR.
II. s. Kaufman, chairman Of the
financial committee, submitted the fol-
lowing report:
en:-Your finance committee
begs leave to make the following re-
port: The year just closed has been
one of general prosperity for the peo-
pie of this nation. While there were o
number of occurrences that tended to
disturb the ordinary conditions of
trade. they fortunately were mostly
local in character, and caused but tenn
porary inconvenience.
The first trouble of a serious char
acter arose from the wild speculation
in the New York stock market during
the spring, which for a time brought
on genuine panic in that city, result,
ing in great losses, and financial ruin
of many who had previously been in
comfortable circumstances.
In the latter part of the summer the
assassination of the president threat
ened trouble, for time. in the financial
and business circles, but the prompt
declaration made by the incoming pres
ident that he would follow put the line
of policy of his predecessor. prevented
any serious disturbance of our finan-
cial interests, and trade continued
along in its customary channels with
but little change.
Some months afterward came the
collapse of the Everett-Moore syndi-
cate, at Cleveland. This might have
resulted much more disastrously than
II did, but fortunately the affairs Of
the syndicate were placed in the hands
of committee of bankers of known
experience and ability, who soon
brought about a return of confidence
and the results of the failure were re-
duced to a minimum.
TRADE CONDITIONS.
The great agricultural staples of the
country, wheat, corn and cotton, and
pure mineral products-coal, iron, cop
per, ETC.. as also the vast products of
our factories, continue in active de-
mand both at home and abroad, APP
parently giving us assurance that at
least another year of the great era OF
prosperity we have had for several
years past.
Our foreign trade continues satisfac-
tory. The total of exports and i'm
ports for 1901 were s2,335, 100000, in
round numbers being considerably
larger than for any previous year in our
history. and with a comfortable bal
ance on our favor of S5S5 100000. The
figures for the total foreign trade of
the country for the past eleven years
are appended to this report.
The conditions locally are most sat
isfactory. With the various new in
dustries already added, or under way,
there IL an influx of new population,
creating demand for additional
houses that will be difficult to meet,
although there Is already great activity
among the contractors and builders in
the erection of new dwellings. Sub
stantial business blocks and new ho-
tells are nlso under construction, and
the future of our town never seemed
SO promising as it does at the present
time.
The banks and building and loan
associations are finding active employ |
ment for their funds, and are sharing |
In the general prosperity. The nine
banks have a combined capital of about |
81 900, 900, and deposits agGregating
more than $6.000,000. The bank clear
ings are usually regarded, and perhaps |
are, fair index of the growth of the
business of a city in its various
branches. The following figures will |
therefore be Of interest to our member !
ship, as also to our citizens generally: |
REMARKABLE SHOWING.
The total bank clearings leaving out