Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The law relating to the civil service has, so far as I can learn, been
executed by those having the power of appointment in the classified service
with fidelity and impartiality, and the service has been increasingly
satisfactory. The report of the Commission shows a large amount of good
work done during the year with very limited appropriations.
I congratulate the Congress and the country upon the passage at the first
session of the Fifty-first Congress of an unusual number of laws of very
high importance. That the results of this legislation will be the
quickening and enlargement of our manufacturing industries, larger and
better markets for our breadstuffs and provisions both at home and abroad,
more constant employment and better wages for our working people, and an
increased supply of a safe currency for the transaction of business, I do
not doubt. Some of these measures were enacted at so late a period that the
beneficial effects upon commerce which were in the contemplation of
Congress have as yet but partially manifested themselves.
The general trade and industrial conditions throughout the country during
the year have shown a marked improvement. For many years prior to 1888 the
merchandise balances of foreign trade had been largely in our favor, but
during that year and the year following they turned against us. It is very
gratifying to know that the last fiscal year again shows a balance in our
favor of over $68,000,000. The bank clearings, which furnish a good test of
the volume of business transacted, for the first ten months of the year
1890 show as compared with the same months of 1889 an increase for the
whole country of about 8.4 per cent, while the increase outside of the city
of New York was over 13 per cent. During the month of October the clearings
of the whole country showed an increase of 3.1 per cent over October, 1889,
while outside of New York the increase was 11.5 per cent. These figures
show that the increase in the volume of business was very general
throughout the country. That this larger business was being conducted upon
a safe and profitable basis is shown by the fact that there were 300 less
failures reported in October, 1890, than in the same month of the preceding
year, with liabilities diminished by about $5,000,000.
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