The Bridgeport evening farmer., 1916-08-07
Munitions Exports to March 31 Form But But Small Fraction of Great Export
 Trade During the First Twenty Months of War.
Figures Presented In Demo- cratic Handbook Show That General Prosperity of Unprecedented Extent Obtains In All Lines.

prosperity is due to abnormal war conditions, excerpts from the Demo- cratic Campaign Book, to be issued III about two weeks, record that during | the first twenty months of the war, down to March 31 last, munitions exports were only a fraction over one- 1 eighth of the agricultural exports, less than one-eighth of the total exports of manufactures and just 6 per cent. of the $5,514,00O,000 which constitut- ed the twenty months total" ! ''The war munitions exports are | s4SO,OO0,000 for the fiscal year, or only 1 per cent of the country's in- dustrial product" further asserts the l textbook. ''The $1,350,00O,000 by
 which exports of the recent fiscal year to European warning nations exceed our normal exports to those coun- l tries represent only 3 per cent. of our l total industrial production. which ap- proximates a value of $45,000, 100000
 The entire 100000 of our 1916 exports to all countries are less than 1 per cent. of our aggregate volume of business Surpasses All Records With the figures representing "mu- nitions business eliminated, it is de-
 clared that the record of prosperity under the Wilson Administration "sur-
 passes all those of former years in the history of the Nation" ~ Neither the most hopeless pessi-
 mist nor the most incorrigib1e parti- san,'' it is added. "can withstand the knockdown contrast of the country's can and under woodrow Wilson's Ad-
 ministration.
 "On May 1, 1916, the gross deposits of the 7,578 national banks, as re-
 ported to the Comptroller of the Cur
 rency, were $11,135, ,322, ,000. On the corresponding date in 1912 they were
 $s,O15, 5,511,OO0. The four years gain lis 1000, approximating 39 per cent. Every geographic section of the United States shared in this prosperous growth.
 '"The only State in the Union fail- ing to show gain in the bank deposits was Delaware-the Atlantic Coast
 seat of the great du Pont powder
 industry, chief beneficiary of the war munitions business. By contrast, agricultural Dakotas increased their
 bank deposits by over 70 per cent. and Oklahoma over 100 per cent. "As an index of. the vastly increased volume of the country's business dur ing the last four years, the bank
 clearings of the United States during the first six months of 1916 under Wilson were approximately 40 per
 cent. larger than in the first half of
 1912 under Taft, and constituted 70 per cent of the full 12 months trans action of the record Republican year.
 The six months total of 1916 is $11S,. S90, ,0oO, 600 Bradstreets), against $S5,- | 100, 100000 for the first half of 1912,
 difference of over $5,5o0, 100000 month ly.''
 Gold Stock of the Country | Claiming that mo country ever had
 the solid gold foundation for its busi-
 ness" that the United States has to- day, the text book asserts that the gold stock of the country today 'is double that of France and $500, ,000, 900 greater than that of Germany and the United Kingdom combined "The wealth of the United States for 1916 is estimated by the United tStates Department of Commerce at
 s22S, 900, ,O0O, GOO, as compared with $751; 900, 900 GOO in 1912-a four-year gain of 21.8 per cent
 'The individual income tax pro-
 duced in the fiscal year ending June | 30, 1916, $67, ,957,4 48S of revenue, an ,in- crease of 65 per cent. The corpora tion income tax in 1916 produced $5e,-
 9,941, as compared with $39, ,155, 900 in
 1915 and $2S, ,5S3,0O0 in 1912, an increase of 45 per cent over 1915 and of ap-
 proximately 100 per cent. over Repub- lican administration in 1912
 Another standard measure of the country's business activity is the pos- tai receipts. Receipts of Uncle Sam's
 Post Office for the Wilson administra- tion exceed those of the preceding Re-
 publican administration by approxi-
 mately s235,00o,0Oo. or 25 per cent, not withstanding the heavy falling off of these receipts from August, 1915, to
 June. 1915, owing to the European war;
 Import and Production
 Imports of crude materials for use in manufacturing were $500. .OOo. 900
 greater in 1916 than in 1913, and American farms. mines, ranches and
 plantations have likewise been called Iupon for record productions of mate rials for use in manufacturing. and
 American labor and capital have nev- CT before been so heavily employed or
 at such liberal income and wage re- turns.
 "The total exports of manufactures
 ready for consumption for the fiscal year ending June 30. 1916, approx firnate s3.000, ,00O,000 as against $776,- | 000,000 under the last year of the Payne tariff.
 "The Building Trade Industries which produce nothing for consump-
 ton abroad-report 1S7 wage in- | creases in thirty-fOur states which is
 corollary to the report of 142 cities.
 that permits during the first six
 months of 1916 call for new buildings
 to the huge vadluation total of $490,- 000,000 (Bradstreets). This is the | greatest six months building total on record.
 '"The handling of the enormous in- dustrial production of the United l States has taxed the country's trans portation facilities beyond precedent Railroad earnings in 1916 are the heaviest known, and run about $50,- 900, 900 to $60.0O0,O00 per month larg-