The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1905-01-18

inc aSStINlpu Nnal the NOlNl lOltlEu COM
mercc Of the country will exceed that
of any preceding year.
The figures for the eleven months
ended Nov 80 put the total exports at
$l,305, 1884, and imports at $3.50 345,-
$40 The export figures are about S4,-
100000 below those Of the correspond
ing months OF last year, about S2J OO0,
600 below those Of the corresponding
months OF 1891 ana about $4,000 600
below those Of the corresponding months
of 1900
when II is remembered, however, that
in breadstufrs alone there has been
reduction OF $9i OOO. 600 as compared with
the corresponding months Of last year
and of $40 600, 900 as compared with tho
corresponding months Of 1901, the fact
that the figures OF 1904 fall but 81 600. O00
below those Of last year will prove an
extremely gratifying one in its evidence
of the advantageous effect upon our
export trade OF diversified production.
Labor.
The year 1904 in the history OF organ
ICED labor furnished contrast with the
twelve months preceding. For the most
part the labor struggles of 1904 were
contests in which the labor unions were
combatin wage reductions the open
shop" the Institution Of piece work sys-
tens and the "uo-agreCmcnt' policy OF
employers organizations. In 1903 the
unions were more aggressive
National Finances.
The United States treasury receipts
for the calendar year 1904 were $500
O0O, 600, according to a review Of the de-
partmCnts operations given out to-day
by Secretary Shaw. The expenditures,
excluding the Panama payment were
S562 900 OOO=a deficit FOR the year Of
$40 600 600 As compared with the pre-
vious calendar year, the receipts show
a falling of Of $4,000 OOO and the cNpcn-
ditures an Increase Of 5000 600 The
decrease In the receipts is accounted for
by a decrease OF 80 600, 900 in the Gus
toms revenues
Passenger Traffic on Railroads.
The magnitude OF the railway mileage
will be understood when II is stated that
the present rails, excluding second track,
sidngs, etc. would make, If laid side by
side, siNty-cight or sixty nine complete
lines reaching across the United States
from the Atlantic to the Pacific ocean.
The vastncss Of their transportation is
inconcoivable to the people Of other
countries. In the fiscal year they car
ried 900. 900, 900 passengers, the passen-
ger mileage reaching ~, S95 O0O, 900 miles
which is equivalent TO saying that II
every inhabitant Of n city of 1000, 600
people were to be transported nearly
around the world the passenger move
mcnt of the American railways would be
duplicated.
Colossal Freight Business.
The freight moves aggregated 1906.
600, 900 tons. the mileage being 7l,292,
600. 900. This colossal total was posi-
BILE despite the drop in breadstuffs eX-
ports-which forms an important ele-
ment I'm the freight of the carriers The
decrease was almost wholly due to the
shortage in the wheat yield. the fall-on
amounting to approximately 100000,
| 900. But the earth yielded enou.h for
| the country-and a little more-henCc
| the better prices for the cereal COM
pensated the growers for the lack of a
| bountiful crop. Corn and cotton how
eveI, have much more than Offset the
| loss I'm wheat. obviously shown by the
plethora Of money in the west and I'm
| the south, for not the least important
of the years fiscal aspect was the indie
pendence of the western and southern
| bankers during the crop-period move
ment.
| West and South Independent.
| For the first time in the country's
| financial history the east was a Compar-
| atively negligible quantity pending har-
| vest time. Formerly eastern bankers
| supplied the funds with which to get the
| crops to market. This year the west and
| south had money to lend whilst farmers
and planters were sending their stun
| to market. The agricultural regions not
| only did not need the eastern capitalist,
| but they were in the market for securi-
| ties-they bought bonds, some of them
even purchased the shares Of the much
detested railways that traverse their
farms.
Farmers Are Now 8ondhoIders.
The contrast Is wonderful. Less than
a decade ago the southern planter and
| the western farmer were "mortgaEed to
their ears" as the phrase was in those
days. Now the people who We're so
mortgaged are buying up other peoples
mortgages-aftcr having acquired more
| 1a,, ,,fI for ia Ia, tI.. D.
the transformation has been marked
During the depression from 1890 to 1899
the planters lost annually 500, 600, 900
through the marketing of the staple at
prices below the cost of production. In
the last lustrum, owing chiefly to en-
HANGED prices, the volume Of the output
not materially increasing, the value Of
the crop has exceeded by 81 900 OOO, 900
that of the five preceding years. The
worth OF this years cotton Is put down
at 5000 900, 900, understanding the re-
| cent slump. The Improvement is cXhib-
tied by the statement that whereas In
1880 the total value Of all agricultural
products Of the south was $500 OOO, 900
the cotton crop of the last year almost
equaled the latter sum. Even in 1890
all southern products did not exceed
S773 10000 while at present the worth
of those products Is about 81 zoo, 900.
Failures Of the Year.
Moreover, a quarter of century ago
the south had $21,OOO, 900 invested in cot
ton manufacturing industries, which
consumed 5000 bales annually, while
now 5000, 900 900 OF capital is so invested
and the consumption Is 1000 900 bales
and while the south has expanded in this
wise that section Of the country did not
swell tho total Of failures, which
! throughout the United States were (for
manufacturers) 1898, against 2,812 in
1908, though the liabilities were only
500, 7S3, 1877, compared with $66,39l,l 02 a
year before. Traders made n less credit
able showing Here the insolvenCies were
Q ,O93 in number and $GG,47l 1888 in
amount. against 5000 and SIS, 7O5,3S6 re-
spectively last year.
That the aggregate makes a favorable
comparison with that of 1903 Is not as
| gratifying as the quarterly separation
which shows that the returns have i'm
proved as the year advances. Thus, the
first quarter was much the worst Of the
year, but stll contrasted favorably with
the last quarter of the preceding year
and the closing three months contained
a much lower commercial death rate
than the same months of 1908. This
means that the depression reached its
climax early In the year and gradually