8 THE SCR ANTON TRIBUNE SATURDAY MOBNING, OCTOBER 31, 1890. WWIR A Plain Statement of Fact Which Is Best for the Tlir election which is to take place on til." 3d of November will be one of the most lin:m t int In the history of this country. The main issues are whether American industries shall be rot'-cteil uinl inimintcri, uml a sound currency I the I'tii'llc credit inuintnim-il; or vhetlier we sliull liuve free trade with ruineii indnstiies'and free silver with a cjeb.is.d currency and u ruined public en .lit. The following important facts and fig ures, obtained from the public: reports on linance, commerce and tiuiKation, show the relative merits of the policies uf these two parties, a careful unuly.-iis of which should convince every intel ligent voter which party has dune the mo si to promote the general prosperity of the country and the happiness of the people in the iast, and which is must likely to secure the same in the future. How the ( leai in;: House Hiimiicsi. ol .ew York l A Heeled by t'luiligv of A1 in t ll i s 1 1 ;l 1 1 ! . Tilt- biisir."ss transacted tlirnuqh the i'e arim; houses of the I'nited Stales each year vives an indication us to the general piosticiity and the amount of business dune. The Finance Reports for 1W4, on pase fttili, contain a table niv inc the transactions cf the New York I'll in in.T house every year from lS54,the time u was or.nanizetl, to IMi-l. Tlie toial amount of business done 111 rich of the last tour adminisiratio.i.-i, 1 i'in:iiiisr with that of Garneld and Ar I'nir, is as follows: ti.irllcli! ar.J Arihiir....1t-Sr Sim -,ft."!.8''iii.!W It -Vel.'llld 1V."-MI U'l.'i'.l".',!!.".! H. iiri-uu 1Vi!i-!'. M'J 7!K. ;.".ii,1i'7 I. ust ;i yeaiM llairiHon.lfeHii-Ki Mi.iWI.S'i.'Tj 1- i.-.-t i! .'a!-M.'lcel.i!l.l.lMI3-!ni (iS.4'.i3..LJ,liiil An cxamiiuuion of these figures shows llnu thi! business (lone through the 'leuriiiK house of New York duri.i; larii-ld and Arthur's administration was Vl.'i.Hl.s.li.'.ilS more than it was dur Iiir tin; lour years of Cleveland's llrst lolministration. Durir.K Marrisfm'B ad ministi;ition it was $ls,4:'s,T47.0.Mi more than It was during Cleveland's. Dur ing the hint three years of Harrison's ainiiinlstration it was $lil.5UO.'Jt;s,4l8 inoiv than it was during the llrst three i ars of Cli velaud's present udminis li a I Ion, These facts tire very significant, as Hit y clearly show that the entire j iiaioimi of business In the country has be-n seriously injured every time that a Democratic administration has been in control of the government. The nii.ive statement only implies to the Clearing house of New York city, the business of which is a little more than half that of all the cities or the fulled Slab s. The falling oil' In the business of I lie whole I'niPd States for the "11 tire four years of Cleveland's present administration will be nearly $H),0y0, (ii.u.imo. IN creasing lEic-iucss in New York mid Incri-noiiig It In London. The business done through the Clear ing house in New York city and in the London Clearing house during March, INK!, and March, ISM, was as follows: New York.... March, 1W $S,Jfin,nii;"ii'3 New York .iardi, is:ni S.SliiiaVi.iiH Diilelise $:ii,:mi,v;!i l.-u'iinn M.iiv'ii, iv:" :.sn.S!c',v.i') l."ie!oa .March, MM :i,uti,rjii,iui I per. :iy.f New York March. Ivi-J. l.oiidoa .March, IMrj.. .... :':w,s;i.7i2 ....$::.ji;ii.iHi;.ki .... I'.&ll.MOW K'srecj uf New York over iilon $44."ri3.fi24 T.oiitliiu .... New Yi.rk. ...M ir !i, ...March, KM. . .J3,n!3,31l.lill . I'ilti.L'i.'li'.l rec-K uf l.oinlua over New 01 k $733.!t.17.97 These linuvs show that Cleveland's administration seems to have decreased business in New York $;H4.:!Ml.StH In one niii.lh in IS'.'ti, from what it was in tile corresponding month in"ls!C, and at the same time It increased in London $:':!,-3L-I.7I3. They also show that In March, 1X12. the business of the New York Clearing bouse exceeded that of London by 4IS, '.r:;.ii:'l. while in March. the London house exceeded New York by $7l'.VJG7, '.'7. Is this what our business men want'.' Is it what our voters want' Is it what any true American wants? flow Cliniigci of Administration Alleet Our foreign Commerce. The report on linance and commerce for IMi:,, piiKe 31, contains tables giving the amount of fniiliru commerce wh car from issi to lS'.iri. In the following table we give figures from this report for the last four presidential terms, be ginning with Oarlield and Arthur's, lxsl to ivs:,: Year. .' T-vl-Mt " "'" Time yi-m-s Jlurlson, iMVi-Vl""!"'.".""!!i Tl.iee years Cleveland, IMM-'.lj From tht-se fables we learn the follow ing facts: The exports during Cleve land's first term were $383,430,311 less than they were (luring Carlield and Ar thur's; the imports were tlL'S.M.'tii less; ou total foreign trade was $511', 3i:2 773 less. During Harrison's administration our exports were $C.Sl,i::6.7H more than they were during Cleveland's first adminis tration; our imports were J.'i77,ri2a,372 more; our total foreign trade was $1, SlX.firr.OXfi more. We observe also another Important fact, and that Is, that during the first three years of Cleveland's present ad ministration our exports were $335,21?, 711 less than they were during the last three years of Harrison's administra tion; our Imports were $20R.2t'.3.r.'i8 less; our total foreign trade was $433,507,239 less. These are farts that the voters of this country should consider carefully be fore election. An active foreign com merce indicates prosperity, and a dull foreign trade, business depression and low prices. The Production, Value nit id Average Price of Wheat During the Last Tour Administrations. The statistical abstract for 1S9."( con tains a table giving the production of wheat, value of the crop, and the av erage price per bushel, each year from 1872 to 189."). The following are the facts concerning the last four admlnis . tratlons aa Indicated in this report: Tfrm. Garfield and Arthur W1-H . Cleveland , tsss-to Harrison - 1RS9-9S Three years Harrison Isiw-M Three years Cleveland 1893-96 . These figures show the following Im- portant facts: That during Oarfleld and Arthur's administration the pro duction of wheat was 134,789,720 bushels more than It was during Cleveland's; the value of the crop was $330,586,684 more: and the average price per bushel Was 14.135 cents more. The production of wheat during Har- rlson's administration was S31.024.000 bushels more than It was during Cleve land's; the value of the crop was $227. 442,577 more; yet the average price was . only 1.65 cents less per bushel Again during U hut three yean of ICAN vs. ftEMOCMCY Harrison's administration the produc tion of wheat was 203,08,912 bushels more than It was during the first three years of Clevi hind's present adminis tration; the value of the crop was S49'l. 34r,st:! more, and the uverage mice per bushel was 25.434 cents more. Now if tills gri'at discrepancy can be neoennp-d for In any other way than by the d'ffercnce in the policies of the Democrats and Republicans in regard to money and tariff, we would like to know it. The Production nnd Value of 4'oru During Diliercnt Administration. The statistical abstract of the I'lilted Stales for 1"!",, on page 29S, contains stati iiienis of tlie production of coin each Var from 1S72 to 1895, together with the value of the crop and price per bushel. An examination of these tables from ISM, beginning with Oarfleld and Arthur's auministratoln. to 1895. shows the following facts during four presi dential terms: Terai. (lartii Id and Arthur.... Cleveland Harrison Three years liurrison Three years Cleveland Year. .ism -sr. .lMCi-89 .ls.vH-93 .IS9H-93 ,IS'J3-9'i These figures show that although the production of the corn crop during Oar field and Arthur's administration was 8S7.032.005 bushels less than during Cleveland's first term, the value of the crop was J272.4S2.410 more. Again, during Harrison's administra tion the corn crop was estimated ut 245,912,00,) bushels more than during Cleveland's first term, and the valuu of the crop was $201,284,158 more. During the last three years of Harri son's administration the value of the corn crop was $.'l9.1tT.41l more than during the first three years of Cleve land's present administration. The average price of corn per bushel durint; Oarfleld nnd Arthur's term was 47.55 cents a bushel. The price decreased 11.58 cents a bushel during Cleveland's llrst term. It increased 2.6 cents In Harrison's term over that of Cleve land's; and during the three years of Cleveland's present term the average price was 7.13 cents less than that of the lust three years of Harrison's; yet tlie production during Cleveland's three years has been 195.1S3.237 bushels less than In Harrison's, which should nat urally have made the juice higher. StntiMicnl Report ('oiircrina the I'ru iliii'tion mid Value of Onfs During Different Administration). Tlie production of oats dining the ad ministrations of Ourlteld und Arthur, Cleveland, and Harrison, with the last tlife years of Harrison's Hiid the llrst three years of Cleveland's piesent ad ministration, was us follows: Term. Year. Oarlield and Arthur lssl-85 Clevi land P-SVS9 liurrison v bS9-9i Three ymirs liurrison 1S9H-9I Three years Cleveland N93-9i Increase of production In Cleveland's over Oartield und Arthur's wus 555.233, 990 bushels: Harrison's over Cleve land's, 59,tiij9.0(i0 bushels; llrst three years of Cleveland's over last thr-e years of Harrison's was 302,285,315 bush els. The Increase In value of onls during Cleveland's term over Ciaiiield and Arthur's was $37,148,094; Harrison's In crease over Cleveland's was $73,501,552; the last three years of Harrison's over the Hrst three years of Cleveland's pres ent administration was $97.56)1.284. While the production of the oat crop (luring Harrison's was only fi9.G09.no'i luishels more than it was in Cleveland's first administration, the value of the crop was $73,5ul,f52 more. While the production during the last three years of Harrison's administration was 202. 2S5.315 less than during the first threw years of Cleveland's present adminis tration, its value wus $97,566,284 more. The average price of oats during Our fleld and Arthur's term was 6.85 cents a, bushel more than In Cleveland's. The uveinge price during Harrison's term was : cents more than in Cleveland's first term; during the Inst three years of Harrison's It was 7.97 cents mote than during the first three years of Cleveland's present term. Incrcnsc nnd Decrease in the Nuui her nnd Value of Micen I'tider Ke piiblicau uml I niter Democratic Ad ministration. Tlie following table gives the number' and value of sheep during the first and last three years of each of tlie last four Kxportn. Imports. Total. $:'..2l7.27J.i;il $.'.7".1.1s2.Mi9 $:,.97."i.4.. ri3 2,s::;!.s."2.w. 2.629.2Hi.:;47 fc.na.iw.cm 3 . '.I l.'lVl.'ll 7 :!.i.7ll,719 li.72l.749.'i 2.772..7.te)2 2.4l.ii2!i.lM 5.334. .'I'i.T".) i,.VI7,3l;i,9:il 2,2'i3,:i.-,5i'9 4."",7"9, 14m presidential administrations; tsee sta tistical abstract for 1895, page 302.): Number Value of Year. sheep. sheep. Oarfleld and Arthur- issi lSSi ..43.5ii9.S(rt , . .3(626,4211 $!"l.(i7ft.7.Vi I19.9n2.7mi Increase 7,056,727 $15,831,917 Cleveland 50..VA243- $10-..9i:il.n47 1SS9 43.544.7Sw X9.279.92.; Decrease . Harrison !8S9 , 1893 Increase 6,815,488 $18,680,739 42.599.ij97 44,93n.3ii5 $11,010,369 116.121,290 .... 2,339,280 $25,480,921 Cleveland 1W3 47,27.1..i5! $123.fi9.2l 1896 38,298,7S3 65,167.735 Decrease 8,974,770 $60,741,529 It will be seen from these figures that while there was a gain in the number of sheep of 7,056.727 and In their value of $15,831,947 during the four years of Garfield and Arthur's administration, there was a loss of 6.815.488 In the num ber, and of $18.6S0,730 In the value, dur ing Cleveland's first administration. Notice again, this table shows a gain of 2.339.286 in the number of sheep and $25,480,921 In the value, during Harri son's aiHninistratlon: but there has been a loss of 8,974,770 in the number, and of Production. In bushels. 1.821.316,72)1 1S.i.r.27.KM 2.17.351.mO l.r.'.S,991,0(i0 1,323.902,088 Average price per bushel. $0.9075 .7'i25 Value. $l,15.94,0fil 1,2W.4l(7.4) 1.512.819,997 1.17".3.-.?,270 677,012.404 .51266 $60,741,529 In the value, during the three years of Cleveland's present adminis tration. In the raising of wool there Is. of course, a corresponding decrease. The Wool association computes the yield of wool for 1896 at 272.474.70S pounds, or 76.063,430 less than that of the spring of 1893. The average price of word May 1. 1891, was 22.71 cents, and It Is now 12.16 cents per pound. The value of the yield of wool In 1893 was $79,143,011, and the value In 1896 Is $33,132,424, showing a loss of 146,000,000 to the wool grower. 1 Which Shows Commitryo The titled or t'haugo or Adiiiiiiistrn lion on Agricultural l.iport. The reports on foreign commerce nnd navigation for June 30, 1895, on pages 86 and 87. contain tallies giving the -x-porls of I he h ading products of domes tic agriculture for each year from 18(i5 to 1x95. From these tables we uuote the following concerning the exports of agricultural products during the differ ent Republican and Democratic admin istrations from 1881 to 1896: Term. Year. Kxports. Oarllel.i and Arthur.. lxsl-S5 $2,34B..Vi5.5t7 Cleveland TK.N.-..NH 1.9I4.33H.522 Harrison ISX9-93 2.4113,323.951 Last 3 veins of llarrl- eoii 1SW-93 1.961,271.616 IjisI 3 years of Cleve- land lS'.i.l-9'i 1,670,491,429 These figures show Hint our exports of agricultural products decreused during Cleveland's first administration from what 4 hey were In Oartield and Ar thur's $402,169,025. They increased dur ing garrison's administration over Cleveland's llrst term $518,9x7.439. Dur ing the last three years of Harrison's, Production Value crop. Average value 6.1.".8.."v!:i.9:ri $2.8l2.l3ii.;i 47.55 cents. 7 iM'i ."'is ih :!,.";.(; iCi.sso 36.975 cents. 7' "9I.4SU.I; 2.S3M.93M38 39.575 cents. 5.17s.:.ii'i 2.233.1119.309 43.33 cents. 4,9s3,40l.7'Ki 1,713,853,895 36.2 cents ! they were $290,780,217 more than they were during tne nisi tnree years 01 Cleveland's present administration. Total Value of I'm in Animals During I our Diliercnt Administrations. The statistical abstract for 1S95, on page 3os, contains a table giving the to tal value of farm animals each year from 1S70 to 1S96. An examination of tliis talde shows u change in the valu ation of farm animals during the four different administrations from 1881 to 1S96, us follows: Presldnl. Garfield and Arthur isst 1SS5 Increase Cleveland 1SS5 1889 Total value of farm animals. $1,721,795,253 2,467,868,924 .... 716,073,672 ...$2,456,428.38.1 ....2.409.013,418 Decrease $47,381,965 Harlson IV 9 1S93 1 iccrease Three years Harrison IS90 193 Increase Three years Cleveland s'. k.96 ..$2,507,050,058 .. 2,461,755,698 . $15,294,361) .$2,418,766,028 . 2,461,755,698 . $12.9S9,70 .$2,is:l.5ii;.6sl . 1,727,926.084 Decrease s.... '5..,597 It seems from these figures that the total value of farm animals during Gar field und Arthur's administration in- i'lodiictlon Average value In bushel. Value crop. per bushel. 2.li59.iS2.llll $724,715,736 36.07 cents. 2.61 I.s:io.iiii 761.S9:.SL'0 29. 12 cents. 2.1.74. .".ii"..ml 8'!5.395.372 32.12 cents. I.S'-'.l.of'O.iioo i;c;,6I4.34 35.2 cents. 2.125.335,315 5tM.01S.0S0 27.23 cent. (reused $746,073,672; during Cleveland's, it decreased $47,384,965. The decrease during Harrison's term was only $2. 09U.605 less than during Cleveland's first lei in, und the three years of Cleveland's last term II decreased $712,590,927 more than it did (luring the lust three years of Harrison's. These facts are very significant nnd give an Indication as to how the policies of the different purtles affect the valu of farm animals. How Clinngcs ol' Administration Af fect (he Value ol' Horses, IHulcsund Hihii Cows. In the statistical nbstract for lWt, R pages 307 and 3us. are tables giving the estimated value of farm animals each year from ls7o In IS96. During tlie last four presidential terms tlie following facts are obtained: Presidents. Value of Horses. Garfield and Arthur ivsl 4SS5 ....$667,951,325 .... 833.744,400 ....II'm,7W.075 Increase Cleveland 18X5 18S9 Increase Harrison I smi lsW. Increase CleVelalld- 193 1S96 , ...s"t!.2S2.947 ... M6.H96, 154 ... 93.913,207 .. $92,194. 827 ..I,0o7,5u2,63ti .. $25,3(18,809 ..$992,225.18". .. iiM,l4.l86 Decrease In three years $132,084,999 Presidents. Value of .Mules. Oarlield und Arthur ISSI ...$120,096,164 ... 161,214.976 ... $41,118,912 ...$162,497,097 ... 174,853,563 ... 12,356,I66 1SS5 Increase Cleveland 's:. 189 Increase Harrison isy. 1S93 I'ecrrase Heeelund- 1X9.1 1SJ6 .$179.44 1. 1st . 174,Sv2.o7il .. $4,562,11'. ..$164,763.7",! .. M3.204.457 Dcoreiise In three years ...... $61,559,204 President. Value of Milch Cows. Garfield ami Arthur vit $2,'..277.,i6n 423,1X0,649 lSb5 lncreaise Cleveland 18X5 1889 Decrease 1 1.irrison lxs 1893 Decrease Cleveland 1X91 18911 ,.$127,2'J,5S9 ,.$412,903.1193 . 766,252.173 .... $46,650,920 ....$2,16.226.376 .... 351,378.132 ... $14,848,244 ..$357,299,785 ... 261,9.i5.545 Decrease in three years $93,344,240 Increase in Itniirond Mileage. During twelve years, from 1881 to 1S92. this country built over 81,000 miles of new railroads. The number built during three administrations were as follows: Oarfleld and Arthur ,...181-S5 J32."3 Cleveland Iswi.it 30 79O Harrison 1S89-93 li12 Annual averai;e. GnrfleM and Arthur ixxi-s5 ivn Cleveland Ixs5,89 7 i7 Harrison 1859-93 4.753 Cleveland's present administration .. 2,039 This wonderful progress made In building railroads during Carre Id and Arthur's administration Immediately followed the resumption of specie pay ments In 1879. Kery department of business In this country was prosperous so long as the industries wene amply protected; and the revenues of the gov ernment were such that a portion could be applied annually in reducing the public debt. The election of Cleveland In 18S4 and the attack on the tariff destroyed confi- dence. demoralized business and causcl a lowering of prices of products. Had both houses of congress been controlled by his party at that time, similar catas trophes would have followed his acces sion to office that have taken place dur ing the Inst two or three years. Is it not evident that what the country now needs to restore It to prosperity is to protect the industries und give assur ance of a sound currency? Decrease in the Kusiness of Our Unil roads. . The statistical abstract for 1895 con tains tables giving the mileage, earn ings and business of our railroads in 1892 and 1895. From these tables we obtain the following facts, which indi cate the great falling off in business! that has taken place in that period: Net Receipts Net from Miles Ouerated. Kaniinirs. Freight. 1892 170.668 $35x.li3x,5-'0 $79l.526.5() 18. 179.8X7 327.5o5.716 743..S4.4JI Increasa .9,219 $31,132,801 $50,742,019 - Decrease. Net Itceelpts, . from Passeneer. 1X92 J293.557.476 1X95 261.6IO.59X Passengers Dividends. Carried. J'.if..(.ii2.4l3 575.770.00.1 83.175.774 u43.9T4.363 $31,916,88 $12,186,638 31,795,737 Tons of Miles of freighl road built. 1892. . . .730.605.MiO 3vears, Harrison, 13.628 1895.... 763,797,8X1 3 ytsirs.Clevelaiul, 6.0SU lncr'se 33,192,831 Decrease. 7,548 From these figures we ascertain that while the railroads of the country have increased 9,219 miles between 1892 and 1895, the net earnings huve dcci eased $31,132,804; the net receipts from freight, $50,743,049; the receipts from passen gers, $31,916,878; the dividends $12.4X6, 638; the number of passengers carried, 31.795,737; while the freight carried has increased 33.192,881 tons. The Inst three years of Harrison's ad ministration the number of miles) of rnilioads built in this county was 13, 628, an average of 4,543 per year, while the number of miles built during the first three years of Cleveland's present administration was only 6.0X0 (an aver age of 2,027 miles per year), and a tl -crease of 7,548 from the lust three years uf Harrison's administration. Decrease in Freight Kates. The statistical abstract for IS93, on page 331, contains a table giving the freight rates of wheat and other grains, 'from Chicago and Buffalo to New York, from which we learn that In I860 It cost to send a bushel of wheat from Chicago to New York by lake and canal, 21.8,1 cents; in 1892, 6.61 cents a failing otl of 19.22 cents a bushel. The cost of sending wheat from Chl cngo to New York by lake and rail in 1868 was 29 cents a bushel; by all rail, 42.8 cents per bushel. In 1892. at the close of Harrison's (administration, the cost by lake and rail was 7.55 cents, by all rnll, 14.23 cents. These figures show a falling off In the freight rates bv lake and rail, since 1868, of 21.65 cents a bushel; and by all rail, of 2S.37 cents. The freight rates have decreased since 1X92. by lake and canal, 1.5 cents a bushel, by lake and rail, 0.0 cents, and by all rail, 2.06 cents. Increase in Production ol'SlerlKail. Tlie following table states the produc tion of steel rails in this country during the four different administrations from 18S1 to 1895, which Is as follows: Production Trm. Year. In tons. Garfield and Arthur ...1SS1-S5 H.14:l.x97 Cleveland IXX5-X9 15.828.66 1 Harrison 18S9-92 32.436.912 Two years, Harrison. ..1X91-92 16.131. ,S9 Two years, Cleveland. .1x93.94 13,809.421 Cleveland 18x5-89 15.X2X.66I Oarlield and Arthur... .Ixsl-xj lo.143.897 Increase Harrison Cleveland 5.6X4.767 32J36.922 15,828.661 .1XS9-93 .1885-89 Increase ln.6o8.25H Two years Harrison ..1x91-93 16,131,7x9 Two years ot Clevelundl893-95 13.809,424 Decrease 2,322,365 It will be noticed from the abov thut while the production of steel rails dur ing Cleveland's first administration in creased only 6,684.767 tons over that of Oarfleld and Arthur. In Harrison's tt increased 16.1.11.258 over that of Cleve land; during the lust two years cf Har rison's there were 2.322.365 .tons more of steel rails produced than during the first two years of Cleveland's present term. Increase in Telegraphic Lines in the I nited State and Decrease in Kates. The statistical abstract for 1895, on page 322, contains u table giving the number of miles of telegraph lines, number of messages, receipts, profits, cost per message and profit per mess age from 1867 to 1895. From this table we obtain the following facts: .Vile of No. Mes- Re ceipt. $6,f,925 7,001.01.5 23.7"6, Ut. 22.218.019 Year. 1S67 . IS6X .. 1X92 .. 1X95 .. ire. . 46.270 saees. 5,859,2X2 Profit. $2,621,920 2.641.711 7.39X.5I8 6.I41.3S9 , 50,1 S3 1; 4mj .v.:. ..1X9.576 62.3X7,298 ..189,714 58,307,315 Cost lier Profit per .Message, Cents. 41.3 11.9 10.5 Message, War. Cents. 1X68 63.4 1X92 22.3 1895 22.3 From these figures it will be seen that the number of miles of line increased from 1X68 to 1892, 1:19.393; the tiutiili -r of messages sent Increased 55.9S2.VO:'; the receipts increased $16,702,310; the profits Increased $4,756,837; while the average cost per message has decreased 41.1 cenls und the profits fa r message 29.4 rent. It will also be observed that from 1802 to 1895 the number of miles of line has Increased 138; the number of messages has decreased 4.079.983; the receipts have decreased $1,488,3x6; the profits have decreased $1,257,359; the cost per message has increased 1 cent; the profit per message has decreased 1.4 cents. These facts show the depressing ef fect thntthechnngeof administration in 1892 has had unon the telegraphic bus iness. The falling off of 4.079.982 in the number of messages sent, and the cut ting down of the profits $1,257,159. while at the same time they have adi'.td 13S miles of line to their plants, is a sig nificant Indication as to what effect the destruction of business consequent upon the effort to secure free trade ami lines. The total public telegraphic lines. Thi? t otal public telegraphic mileage of the I'nited States is ov-?r 210.000. besides railway, government and private lines, the length of which is not ascertainable. Increase in !iiev Circulation ler Capita. There are a large number of peonle in this country who believe that the pre vailing hard times and business dis turbance are due to contraction of the currency. They claim that the act of 1873 which suspended the coinage of the standard silver dollar has been the ir.'.'ans of lespening the volume of money, thus increasing the value of gold and greatly injuring business. Such people are controlled by a theory, and ignore the facts which prove their theories false. The Finance Reports for 1891 and the monthly reports on Flnace for 1895 con tain tables that show the population and the amount of money per capita in circulation from I860 to 1895. From these tables we copy the following: Circulation Circulation Year. per capita. Year. per capita. ism.. ....$13.85 18x5.. ...$23.02 1S'.2... is:,. 1870... 1x73... 1878... .... 10.23 .... 2'i.57 .... 17.50 .... 18.19 .... 15.32 W0... 1892... 1891... 1X91... 1895... 21.82 21.44 25.57 , 23.72 22.61 It seems from these figures that In 186'). before the war. the per capita cir culation was $13.85; In 1862, after the nar was fully Inaugurated, and before the legal tenders were Issued, the per capita circulation was reduced to $10.23; in 1865. after the close of the war. the per capita circulation went up to $20.67. There was auto, at the close of the war, a large amount of one-year, two year, and three-year notes, 'cumpouud interest notws, and seven-thirty notes, that were legal tender, which tempor arily served the function of money; but. as they were all Interest-bearing obligations, and all redeemable within three years after issue, they were taken out of circulation very soon afttr be ing issued, and were held by banks, saving banks and trust companies, as investments. After the war closed, tne government immediately began to re fund all these Interest-bearing obliga tions Into bonds bearing a lower rate of interest, and at the same time began to withdraw the legal tender notes from circulation, for the purpose of getting to a specie basis, I'nder this process the circulation per capita decreased from $20.57 in 1X65 to $15.32 per capita In 1878. The act of 1878 prohibited the retirement of any more legal tender notes, and from that time the circulation per capita began to in crease utnil it reached $23.02 per capita In 1X.X5. the year Mr. Cleveland' was llrst Inaugurated President. The next year It fell oft to $21.82 e r capita, but from thut year it gradually Increased until November, 189.1. when It reached $25.57 per capita. Since that time it has fal len on' until In November, 1895, It was only $22.61 per capita. On pages ISO and 181 of the Finance Reports, before referred to, is found a table giving tlie per capita circulation of gold, silver and paper in each of the principal commercial countries of the world. The per capita circulation in the Cnlted States Is given as follows: Gold, $9.09; silver. $9.08; paper, $6.90. Total per capita, $25.07. There are only three countries In the world that have ns large a per capita circulation of money, and but three that huve as large a per capita of sil ver as the I'nited States. Is it not evident that there Is still plenty of money to transact all the business of the country, as all of this money Is at par with gold? The Coinage of (iold nnd Silver. From the ime the United States mints were organized, In 1793, to June, 1895. there has been coined of gold $1, 755.813,763, and of silver, $685.1)23,701. The excels of the coinage of gold over sliver has been $1,070,790,062; 431,320. 457 standard silver dollars have been coined, or represented In certificates, and $35,965,924 in trade dollars. From 1793 to 187.1 the coinage of silver was free and unlimited. Previous to) 1873, only 8,031,238 standard silver dol lars .had been coined. ' The act providing for the coinage of the trade dollars was In operation from 187.1 to 1877; under this act, more than $75,000,000 In silver, Including fractional currency, was coined during the four years. I'nder the Compulsory Coinage act of February 28, 1878. and subsequent acts, there have been 423,289.219 standard sil ver dollars coined, or silver certificates representing them Issued. There huve been more than fifty times as many standnrd silver dollars coined during the eighteen years since the Compulsory law of 1878 as were coined during the eighty years previous to that time. The average price of sliver In Lon don was only $0.7383 (for four months ending October 31. 1893); In New York. $0.7350. On June 30, 1893. tin price of silver was down to $0.6105 an ounce. The silver In the silver dollur Is now worth about $0,498. It will be noticed from these figures that, notwithstanding the coinage of silver has enormously increased since 1S73, the price of silver In the market has gradually declined. Such being the fact. It Is inevitable that If the coinage of silver became free. It would change the standard from gold to silver, a change of value of almost one-half. If such a policy were ndopted suddenly. It is absolutely certain thut it would cause one of the most gigantic panics ever known in the history of the world. Male of (iold by the I'nited States iovernnient. As soon as the war was over gold began to accumulate very rapidly In the Treasury, und being at a premium. Congress ottered to sidl all the gold not feeded: these sales began July 20, I860. und continued until December 31, 1878. a little over twelve years. The gold sold (luring that period amounted to $520. 5o6.273.81, and the amount of premium derived from these sules was $106,827. 815.86: the average premium being 20 3-10 per cent. The highest price at which gold was quoted during the war was 285 per cent., which occurred July II, 1864, ami the lowest quotation was one sixty-fourth of 1 per cent., Decem ber "0, 1878. The premium disappeared on the resumption of specie payments January 1, 1879. On the 2d of January. 1879. the Treasury Department began to redeem Cnlted States notes In coin at the sub-treasury, tin the first day of resumption there was more gold re ceived into the treasury than was paid out. The same took place for seteral days a lier. The reserve In the treasury for re demption purnoses on December 31. 1878. wus $126,464,332.24: otl October 31. 1879. It was $151,047,044.24, showing an Increase of $24,582,712 In ten mouths. If the revenue had been kent at the same standard ns In 1879. the govern ment would huve continued to accu mulate gold until the entire public debt was paid. The Itullion Value of flic Silver Dol- Inr. i In the Report rf the Director of the I mint for 1895, on page 210. Is found a j fable giving' the bullion value, or the Value In gold, of :i7Pi grains of pure ! silver, the amount In the standard sil- 1 ver dollar, for each year from 1837 to 1X95. Inclusive. .We quote in part as follows Year. Year. lx.17 $l.fio9 1S4X $l.oo( 1X38 I.011X 1S50 J.11IS 1810 1.023 1X52 1.1125 1X53 1.013 1X76 X94 K.7 1.046 ISM xx.1 1x59 1.1152 18X3 X5S 1X62 I.oll lxso s.19 1")i6 1.036 1x92 i;73 1X73 I.1104 1S91 . fit 1874 998 1S95 in", These variations and fluctuations have arisen from various causes, one of the most important of which Is the Increase of production without corre sponding Increase of consumption, Prodncliou ol'Gold nnd Silver. From 1793 to 1873, this country pro duced $l,070.3.l6.769 more of gold than of silver. Since the year 1878 we have produced $370,400,000 more of silver than of gold. In the year 1859 an nunc of silver was worth $1.36 In gold. When silver is at par with gold coin, on a ratio of 16 to 1. one ounce of silver Ij worth $1.2929 in gold. In 1859 only $100,000 worth of silver was taken from the mines of the I'nited States, while in the year 1873 there was $35,750,000 of silver obtained from the su me. In 1853 there was $05,000,000 of gold obtained from the mines of the I'nited States, while In 1873 there was otilv $36,000,000. n 1874 there was $33.500.0oO of gold produced, and $37,300,000 of sil ver. This was the first year In the his tory of the country when the produc tion of silver surpassed that of gold. Siinje 1879 silver has surpassed gold In production every year. In 1892 the pro duction of silver In the I'nited States was more than $82,000,000, whll" the production of gold was about $33,000, 000 Now 'consider the effect that this enormous production of silver has had upon the price of this .metal. In 1V73 the price of an ounce of silver was $1. 298: in 1878. the year that the Compul sory Coinage act went Into operation, silver had declined to $1,152. and has gradually depreciated from that time to the present. In 1885 it was worth only $1.0645; the following year It was only $0.9946. In 1894 the vnbie of a fine ounce of silver was only $0.63479. Although the total coinage of stiver In 1873' was only $4,024.747.60. while in Continued on Page . 1 413 Lackawanna Ave: THERE'S MORE THAN ONE REASON! For the steady stream of buyers coming here. Our styles are the latest and best ever shown in this city. Our prices are in many instances lower than other stores can buy at wholesale. We do a large business supplying stores and milliners. SPECIAL BARGAINS THIS WEEK Trimmed Hats Trimmed In very latest style, fine ma terials only, every one a beauty at $1:9. $3.48, $2,981, $3.98 Would positively cost double the money at any other stora Untrimmed Felt Hats Tn nil the newest shapes, every stylo, and Quality, 9C. 39c. 45c, 73c, 98c Every one worth double. HATS TRIMMED FREE. 413 Lackawanna Avenue. C'jR1?LEX!0.1 BL:H115HES Mny be bidden iui:erfoctly by cosmetic and powders, tut can ouly be removed perma nently by HETSEL'S SUPERIOR FACE BLEACH. It wl.l positively remove Freckles, Tan, Moth, Saltowness, and curu any disease, of the skin, such us I'implej, Acne, Blackheads, Oiliness, mid renders tliu bkin soft and beau titul. I'rice $1 f.ur bottie. l'orsaleut E. M. HETSEL'S 330 Lackawanna Ave., Scranton. Pa. 1 GREAT SLUMP IN 1 m m Has been predicted all through the seaxin lust past. THIS IS THE WAV HU.MBIiKS HAVE IlKl.N HI'ULCIiU. '96 Price. '97 Price. Roadstsr, $110.00 $115.00 Tourist, 112.50 117.50 Lady Kumbsr, 117.50 122.50 Racer, 125.00 150.00 Prices scum Iiih, but then you know it's IIL'.V.BLK QUALITY. CHASE & FARRAR 515 Linden Street. AYLESWORTH'S MEAT MARKET Tlie Finest in tlie lit). The latest improved lurnisii ings and apparatus for kcepiuj meat, ItittiT unJ cs. 223 Wyoming Avenus. - . The St. Denis CrcsUway and Eleventh St.. New Vo'k, Opp. Urace Church.-tiurnpeart Plan. Rooms $1.00 a Day and Upwards. n a modeit aid uno'.tnisivj way th-r ar f-w btttur coratactud uotclj in thi uietropolj tl'. in the St. Ueui. The trtut p..pu arity it h s acquired can readily be tear .. 1 to its miirite 1 -at inn. Its linm.'iik" :itin-.:f.:i-r. tao vrculitr u--eilence ut lis cuMue and survicu, sad Its very iuudep ate pr.ct-s WILLIAM TAYLOR tliD SON. Thrrm liny t-mweirs iw "wMrli I op-Urn. t.V"y bebe nil Infections fall. V Ostrich Feathers Ostrich Plumes, fine quality, rich, glossy black and all colors, at 19c. 19c, 37c, 48c. 75O Worth more at wholesale. Birds and Wings loc. iac, 13c. age. 37c, 480 In all colors and newest styles. Would cost double elsewhere. New Veilings In today. 8 JS. 33 ! 40 Cents a Yard Ribbons The largest stock In town In every Btyle and quality, every color, at l nioat half the prices other stores auk. ON' as, as? a MANSFIELD STATE NOKflAL SCHOOL. . Intellectual and practical training for teachers. Three courses of study beside preparatory. Special attention given tu pruparatloii fur college. Students ad. tnitted to best colleges on certificate. Thirty graduates pursuing further studies last year. Great advantages for special studies in art and mnsie. Model school of three hundred pupils. Corps of sixteen teachers. Beautiful grounds. Magnificent buildings. Large grounds for athletics. Elevator nnd Infirmary with attendant nurse. Fine gymnasium. Everything furnished nt nn average rost to normal Ktmb-t'ts of $1 43 a ynr. Fall term, Aug. 8. Wlr.er term, Dee. 1 Spring term, March lfi. Ptnients admitted to classes nt any time. For catalogue. Containing full Information, apply to S. II. ALBKU, Principal, Mansfield Pa., And You Will ba Happy. Tbe way to keep your home comforta ble at this seas jn of the year is to buy one of our Gas or Oil Heaters Just the tiling for your dinln? room in the inorninj;. or your batli room, und in fact any place you want tt little heat without start' inn yuur furnace or boiler. We have over CO style sizes of lias heaters, and ID or more of Oil Heaters. Without question til J best assortment in the city. FOOTE I SHEAR CO 119 WASHINGTON AVEML STANDARD STABLE -and FARM SPECIALTIES :,UCS AXLE CREASE. SCSI Ul tHC WORLD FOa.HtAH.WAGOMS HEW YOfiK CARRIAGE GREASE. BOSTON COACH AXLE OIL Ct AW) MB BIT Wl MA CASTOR OH; tSTBUniiPn I FATHER OIL. 'BEST LCATHIH PfifSiHUII IH.THtJtOJIlD) iriiMiy m i m nann mr m tvntns nnnnci uil. J HE BEST HAP HESS OIL MADE P.UDQY HARVESTER OIL. USE Hit' BOD' fOK fAB HACMitERl AV0RITE UTti"'0"11 011 electric QUEX&WS 1 OIL r Coach end Carriage Candles Bandies S VivFOS SALE EYEPYWHEH FOR SALE BY THE ATLANTIC REFINING CO SCRANTON. PA. mm Oeletmteel Female FowoVrd nrrnr fad. k,l) u. iHMnnwifli KEEP COMFORTABLE 1 1
Significant historical Pennsylvania newspapers