Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1916-08-10
Wilson For Prosperity.
Bank Deposits, Railroad Earn
ings and other standards show
enormous gains.

cratic Textbook is fast nearing COM
pletion, announcement being made to-
day at Democratic National Head
quarters that the first edition would
be issued between August 10 and ~.
The book will contain about 400 pages
setting forth the achievements OF the
Wilson administration, sections of it
being released from time to time for
use of the newspapers.
The first chapter deals with ques-
tion that touches every American
heart to the quick and is the marvel
Gus story of business prosperity. This
chapter has been written by an ex-
pert who has told the story simply,
effectively and logically, and he sets
forth for the busy business man the
real nraningo of "The New Freedom, +"
a freedom of industry and finance,
undamperrd of the old conditions.
The chapter proves from official fig
ures that the gain OF the States in
bank deposits over 1912 as a whole
was SO, ll9,Sl1, 600. OF this in
crease the Southern States show an
increase of S21S, Ssh 900, an increase
Of 2G 10 per cent, and the Middle
States one of sos, lO3, 900, or 20 $40
per cent.
The real potent factor of this pros
perity, it is pointed out, is that it is
not due to the munitions business,
but that with these profits eliminated
the record surpasses all those of for
mer years in the history Of the ma
ton.
AS an index of the vastly increased
volume of the country's business dur
ing the last four years, it is stated
that the bank clearings of the United
States during the first six months of
1916 under Wilson were approximate
ly were 40 per cent. larger than in
the first half of 1912 under Taft, and
constituted 20 per cent of the full II
months transaction of the record
Republican year.
The six months total of 1916 is
Sis, 500, ,OOO,O 900 (Bradstreet's) a
gainst $50, 100, O,OOO,0 900 for the first
half of 1912, a difference of over
s., 800, 900 600 monthly.
Another standard measure of the
country's business activity is the pos
tai receipts. Receipts of the postal
service for the Wilson administration
exceed those of the preceding Repub.
lican administration by approximate
ly S235, 600, 900, or 25 per cent, not
withstanding the heavy falling off Of
these receipts from August 1914, to
June 1915, owing to the European
war.
The individual income tax produc-
during the year ending June 30, 1916
S67 ,927, 4SS of revenue, an increase
of G5 pr cent. The corporation in
come tax in 1916 produced S56, $685.
94l, as compared with $50, l55, 900
in 1918 and SIS, ,5S3, 900 in 1912, an
increase of 45 per cent over 1918, and
of approximately 100 per cent over
the Republican administration 1912.
The gold stock of the United States
today is double that of France, and
$500, 900, 600 greater than that of
Germany and the United Kingdom
combined. No country ever had the
solid gold foundation for its business
that the United States has today.
The wealth of the United States for
1916 is estimated by the United State
Department of Commerce at $685.
600, 100000 in 1912, a four-year gain
Of 81 $40 per cent.
American commerce outranks lead.
ing foreign countries by 81 900, ,OO0,-
600, and it passes the Republican
record by over 81, 800, 900, 900 or 6S.5
per cent.
American exports in the fiscal year
of 1916 exceed 81, 300, 100000. The
Republican record in 1912 was $2,-
200, ,OOO,O Four years of Repub-
lican trade balances-1909, 1910,
1911 and 1912-together make ST.
612, 900, 900, or about $500, 900, 900
less than the Democratic balance of
1916.
The total industrial production of
the United States in 1916-including
products of agriculture, manufac-
lures, mines, quarries, oil wells, for
ests, fisheries and new buildings
approximates a value of $4,000, :
100000. The war munitions exports
are $3.50, ,OOO,0 900 for the fiscal year,