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MINER.

Tue Daiwy xa

JANUAKY 27, 1880"

_

A Few Facts.

CERTAIN unpatriotic persons are trying to make the public believe that the peeple ot this Province are much worse off than they were before the Railway was built and the Island entered Confederation. They would have us believe that the efforts of our hard workine farmers and artizans, during these latter years, have been, owing to the Rail- way and Confederation, unavailing. ‘¢ Money is scarcer; “ trade is duller ; ‘the country is poorer ;” ‘‘ the Island is going to the dogs ”—** all on account of the Railway, Confederation and the National Policy,’ —such are a few of their favorite erpress ions.

Now. in March, 1871, the money de posited in all our banks amounted, in round numbers, to about $500,000, In September last, before we received the re- turns of the surplus from the year's har vest, there were deposited in the three banks of Charlottetown $811,671.23; and the latest return of the Savings Bank shows that, in addition, there are upwards of $600,000 in that institution, not to speak of the deposits in the branches of the Mer- chants’ Bank of Halifax.

In 1371 the total circulation of all the banks amounted to about $150,000. In Sep- tember last the circulation of our three city Banks amounted to $472,724.77—and counting in the circulation of the Mer- chants’ Bank of Halifax, it would be con- siderably more than $500,009.

One needs only to drive into the country and compare the farme (re¢ ntly made free)

and the homesteads, the labor saving ma-

-food formed one of the largest 1tems 1n

chinery, the improved stock, the comforts

with which the bulk of the people are sur- | roundel, with those of 13870 and previous

is no truth in the

years, tosee that there statement that the condition of the people is not impreving.

The writer was, the other day, informed by a bauker that the debts owing by our merchants to foreign creditors are not one amount as they think this state-

quarter as large in were 12 1872-3. We ment may be accepted as a fact.

Auy leading merchant will state (if he cares to do so) that the prices of goods, as they are retailed to the people, have de- creased, since the entry of the Island into Confederation, at least twenty-five per cent. In cottons the decrease is about 334 per cent, in woolens, 25 per cent., flannels, 15 per cent., cloths, 25 per cent., all fur goods 25 per cent., fancy goods, 335 per cent, silks, 20 per cent., carpets, 29 per cent., ete., etc. And yet all these goods are now subject to the new tariff, whic the croakers say is imposing unprecedented burdens upon the country.

These facts show that instead of the Island being poorer its people—the men who deposit in the banks—are richer by many hundreds of thousands of dollars than they werein 1871; that, instead of going back, the Island is steadily prospering ; that, in stead of higher prices and heavier burdens, the prices are lower, and the burdens of the people, consequently, lighter than they were in the pre-Railway-Confederation days.

Still, there remains the fact that there is a stringency in the money market. In view of thefact that there are hundreds of thous- ands of dollara more in the Province than when"‘‘-better times” prevailed, how is this stringency to be accounted for? It will have been seen that the bank circulation has not very materially increased—that al- though there is a great deal more business done, there is very little more of the circu- lating medium to do it with. Hence the stringency. How is this? The hard times abroad, which compelled foreign creditors to make their debtors here to pay up, and which obliged men doing business here to force payment the farmers and mechanics whe owed Another reason

from them, afford one reason. is that a very large number of our people haveleen adding to their capital—paying for the fee simple of their lands, erecting new buildings, buying improved machinery, ete.—and have been taxing too severely the resources from which they derive the revenue whence they provide for their yearly expenses. There are, no doubt, several other causes for the existing strin- gency. but, unquestionably, Confedera- tion and the Railway and the National Policy have little to do with it. In fact, he money obtained from the Dominion te buy out the lands of the preprietors, and the large amount annually taken out fof the Canadian Treasury to work our Rail-

way, tend rather to make the times easics than they otherwise would be; while the sharp competition of Mon-

treal and other merchants, consequent upon the union, has certainly contributed towards the reduction of prices which has

‘has been identically the same in value for

icotton piece goods last year was £46,837,

1879.

a

Trade for

British

The London “ Times” of the Sth of Jan uary contains an interesting acceunt of the trade of the United Kingdom for the year one week after the year had the

1879, just closed. From it we learn that both exports and the imports for December last er than for the same month in the - the increase in the imports , The imports cf the list, the imports not only being much larger than they were in December, L878, but the prices much higher. For the year 184 _ total imports of the [ nited Kingdor amounted in value to £362,128,0900, and the total exports to £191,504,000. Adding to this latter the re-exports of raw products, merely held “in transit, which may bo taken at about £140,000,000, would make the total exports £231,504.000. There would thus be an apparent balance against Great Britain of £130,624,000, In reduction of which would have to be set of the profits of the foreign carrying trade, foreign investments, and net exports of bullion, together with the proceeds of the ships sold but not included in the trade accvunts.

Turning to the details of the export trade of the year, France and Italy stand forward as larger purchasers for coke and coal than in 1878. Germany likewise bought more for the year, but not for the month of December. In iron and steel the United States have taken abont 227,00) tons of pig-iron in 1879, as compared with

were larg previous year being particularly large.

food, ete.,

32,700 tons im 1878; and Germany has taken a few tons more in anticipation of

the new protective tariff; but france, Bel. eium and Holland have all taken less both for the month and for the year. In rail- road iron the increased demand more widely, including British erica, Holland, Italy and Brazil: but In- dia, Germany, Spain, Peru and Anstrala

Unite

for the

} has spreau

North Am-

I

have taken decidedly less, and the States has taken barely 45,000 tons

whole year. That is for the States a great “inerease on the previous year, but still hardly an indication of a wide revival of business. Exeept 0 the United States the tra le ‘a 4 n plates may be considered stagnant, and fully as much so in December as through-

The United States, newever, f i f re-man't-

> > ss

: out the year. ron tor

i

‘

°.9 : ‘ y if

Li Ut

? tro OV L 4 } took 1/738,00 tons oF oi

‘ re as compared W COS

racty for the previous year, and their purchasus of steel have been 9,300 tons. OF all kinds of iron and steel] the exports of 1870 have been but about 583,000 tons wore than in 1878, and most of that has been in the cora. moner sorts—old iron and pig iron moat of all. The machinery and millwork exported the last two years. In textile fabrics there ia likewise no sign of revival given by the figures. The total value of the exports of

against £48,104,000 in 18738, and £52,442,000 in 1877. Of haber- dashery the total value £3,487,000 last yesr, and £3,961,000 the previous year. In linen yarn the values were, in

V00

{n linet piece goods, sail cloth, etc., £0,- 474,000 and £5,535,000 for 1879 and 18/7

respectively. Jute manufactures, however, came to more last year, being £1961,000 in 1879 as compared with £1,588,000 in 1873 ; but silk manufactures have failen off, on comparison of the two years, £227,000. Woolen yarn, also, was exported te tie value of only £3,714,000in L879, as against £3,908,000 che previous year, and woolen and worsted manufactures to the value of but £15,851,000, as against £16,727,009. These figures would seem to show that tie business revival in England was not of so pronuunced a character as to redeem the trade of 1879 from dullness, and that the people of the United Kingdom have to look to 1880 to redeem the country from tie effects of the three bad years which it bas passed through.

—<e —

John Bright's Americanism.

John Bright, the great Free Trader, is being very roughly handled by the English press for his fulsome ilaudation of the

Protectionist United States. A leading

English paper says of him :—

The Right Hon. John Bright is a great orator, and he possibly possesses other qualities not yet developed, which might entitle him to rank as a statesman, but net not even his warmest friends will credit him with the possession of any super- fious ‘patriotism,’ nor even with such an amount as distinguishes the ordinary Englishman. Although gad to live in this country, and = un- willing to leave it, there is ‘‘a land beyond the sea” which has to him special charias, and whose praises he is never tired of sing- ing. America is to him the ‘‘land of promise,” in view of whose advantages, if we may believe, those of Eugland pale inte insignificance; and we can enly suppose that it is the dread of a sea voyage +at prevents his casting in his lot among cur “American cousins.’

pigs Fat Herrine, Cheap for Cash by J. PB. Harry. jy tf

1879, £1,075,000, and 1878 £1,213,000. |.

“MIR. EARLE’S CONCERT Wiil be Repeated for the

Renefit of the AMATEHUR

Quintette Club

IN THE

Y. M. 6. A. HALL, Monday Ev'g, eb, 2nd,

With a slight change of Programme. S. N. EARLE, Musical Director. January 27, 1880—6i a ae ee ’ Pictures, Books, dc.

BY AUCTION, ON

Wednesday, Jan’y 28th,

AT 2 AND 7 o'CLOCK, At Dorsey & J ost’s Old Stand, South Side Queen Square, 100 Paintings and Chromos, i y 7 > ’ , 4} . as on! 100 Volumes Books, and sundry other articles. No lKeserve.

see utalogue.

A. McNEILL,

i Auctioneer. Jan. 27, 1880—l1

bh fetoege The Second Term of the Danc- aN ing School will commence on FRIDAY EVENING, the 30th inst., at the usual hour.

P. S.—Private Lessons given at hours to suit applicants.

A Juvenile Class will be opened on TUES- DAY, the 3rd FEBRUARY, at half-past 3 o'clock.

The Dumb Bell and Deportment exercises will be carefully taught in this Class.

E. BURRIS.

Jan. 27, 1880—2:

ZION CHURCH

CONGERT.

i.e SABBATH SCHOOL in connection with Zion Church will give a

BASEMENT,

Thursday, the 6th February.

Assisted by the Choir and several musical instruments, we intend this to be one of the most enjoyable eutertainments of the season.

Admission 15 cents ; children 10 cents,

Doors open at 74 o'clock ; concert to com- mence at &.

IN THE

D. M. FRASER, Musical Director. J, A, LAWSOR.

Supt. 8. School, Jan. 26, 1880—-2aw wth, pres pat ar

HOMINY!

4 Gants Per Pound,

—AT—

BEER & GOPE'S.|

Jan, 12, 1880,

Valtiable Property for Sal Valuable Property for Sale, f ty tod FARM lately owned by John and Peter Meikle, situate on Lot 23, in ! Queen’s County. lor further particulars apply at the office of Messrs. Hopason & McLeop, Charlotte-

town. Jan. 9, 1S80—eod

Fj a L d frac infan aggies, UST RECEIVED per Northern

eF choice lot of Pinnan Haddies, at FISH MARKET, Grafton Street.

CARNIVAIT = ~ = 2 ~ 2 aE is a

A Ualies Garnival

Light,

Jan. 17, 1880.

s

Ludon-—

On the 8th inst. at the residence of the’ bride’s father, Charlottetown Royalty, by the!

taken place.

Rev. M. Ross, Mr. William H. Ferguson. | of West River, to Miss Marie Patridge. |

Cin following are the selling rates for £x-| C if} al ange at the Agency of the Merchants Bunk | IZen 3 :

| ' | j i j |

| By order of the Directors, i

OG co = 6s ine es $2 per cent. prom |

oo |. Se re 2 pero ...* New York—cheque....... § per cent. ’ Boston--cheque.......... 4 percent. ‘‘ Montreal, Toronto, etc... 4 percent. “ PO a Gh ie oN wks ks 6 ot 4 percent. <‘ i OE ree 4 percent. “‘ t.. demas, WGd........ 2 percent. “‘

Ot - - ON ee cee ele

MARRIED

é . j

WILL BE HELD AT THE Skating Rink, WEBRESDAY EVENING,

Febraary 4, 1880,

|Those wishing to take part will oblige by

| }

sending their names to the Secretary before the 20th inst.

W. ©. HOBKIRK,

S January 9, 1880—4i taw ecretary.

UBSCRIBE jor the DAILY EX

Concert and Literary Entertainment, |

AMINER the Cheapest and . Paper published the Sashes a

CHARLOTTETOWN Mutual Fire Insurance Co’y,

Qy= HOURS, from 10 a. m., to 1 p,m,

H. V. PALMER, Acting Secretary Secretary's Office, Kent Street, Jan. 26th, 1880-—lwk eod

er ee

———

‘

FEBRUARY ! S30.

STOGK-TAKING.

W* hereby inform the pub-

lic of this city, and the

Island generally, that previous;

to Stock-taking, we have re- solved to clear out as much of our Winter Stock as possible. We are aware that at this season it is hard to get people to buy even at reduced prices; but in the face of this difficulty we have made up our mind to adopt full measures, and sell our Wool Goods and Dress Goods at a sacrifice.

Our Goods have been very cheap all winter, as the run of trade we have had fully testifies. Our store has become the resort of those Ladies who know how tomake a penny go a long way, and who know a cheap article when they see it; and when we say we are going to reduce the prices of our Dress Goods and ‘Trimmings, we know we shall be believed. We are particul- arly anxious to clear out our present Stock, in order to intro- duce as much of the newest style of Dress Material as possible, and at the very lowest prices. We shall make special prices on Black Cashmeres, Black Meri- nos, Black Cords and Lustres, Lustrines and Brilliantines.

Our Fancy Wool Goods will be sold at less than cost. Our Stock of this class was the larg- est, most select, and finest in the city, and the remains of it will be sold at a great sacrifice.

Blankets, Quilts, Horse Rugs, &e., will be cleared out at great Bargains.

We make no apology to the Tea-drinking public for drawing their attention to our fine flavored and rich Teas, 32, 36, and 40 cents. per lb. They are receiving the highest praise, and those who use them, strongly recommend them to others. Our trade in this article is growing rapidly. Tea appeals to the most subtile cf the senses, and as the proof of the pudding is in the eating, so the proof of the Tea is in the drinking. Friends, try it.

}

83, QUEEN STREET,

TREMAINE & METCALF,

€h’town, Jan. 21, 1880,

a tr

FOR SALE.

PEDLARS’ SLEIGHS, all complete ; } “ad YUNning part new. Price low.

—ALS0— 1 Light Wood Sleigh, price $6 only. 1 Box Sleigh, price only $6, 1 Light Sleigh, suitable for hauling water,

HENRY COOMBS,

Jan. 26, 1880—3i

Ea

AND OTHER

Choice Brands,

FOR SALE AT

BEER & GOFP’S.

Jan. 12, 1880.

to Carriage Builders |

y E have in Stock a large lot of Wood Stuff, in Spokes, Rims, Shafts, Hubs, Common Axles,

4 Patent Axles,

Steel Axles, Carriage Springs, Bolts and Nuts, Castings, Rivets, Bands, &e, 50 Tens Assorted Refined Iron. BEER & SONS,

Jan. 16, 1880—3i pat pres lm

Dissolution of Partnership.

raN\HE Co-Partnership heretofore carried on

by the Subscribers, under the name of Dorsey & Jost, has this day been dissolved by mutual consent. All debts due by the Firm will be paid by R. K. Jost, to whom all parties indebted to said Firm are requested

Queen Street. JOHN DORSEY, RICH’D K. JOST. Charlottetown, Jan. 15, 1880—rg ar pat 3i

NOTICE.

TAKE this opportunity to inform the

public that I have leased the new Shop recently fitted up at McGill's Old Stand, on Queen Street, a few doors below the Londoar House; and having bought the Stock and Machinery of the late Firm of Dorsey & Jost, I shall be prepared, in a few days, to carry on the Boot and Shoe business in all its branches. Custom work a specialty—on cash

principles, JOHN DORSEY. Ch’town, Jan. 15, 1880—ar pat

§, §, “NORTHERN LIGHT,”

wi MAKE DAILY TRIPS betweea ¥Y Georgetown and Pictou, until further notice, (Sundays excepted) leaving Georgetown at 6a. m., and Pictou at 1.40 p. m., weather

permitting. WM. MITCHELL, Agent o Dep't.

Ch’town, Dec. 19, 1879.

COOK ED

GORNED BEEF,

Mest Economica! for Family Use. belag More than Twice its Weight of Uncooked

Meat. Dold by tie 1h, and in Tins,

BUR & GOFPF'S.

Jan. 13, 1880.

GOLDEN SYRUP.

Very Choice. 8 CTS. PER POUND,

conn aie

BLER & GOFPS.

Jan. 13, 1880.

The New Year Has Come,

UT MANY PERSONS have failed te

come and settle their accounts. The subscriber respectfully requests all

parties owing him, either by

Note of Hand or Book Account, To Settie the Same at @nce.

J. QUIRK.

Jan. 2, 1880—9i eod, h ne 3w

‘BUDA’ FLOUR,

to make payment—at McGill’s old stand, .

Hanh? apie PES

Lat ine eae ah ns ix

;

ena RE a, MMe 2290

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