FINANCIAL KKY1KYV OF 1896. 



FINE ARTS IN 1898, 



283 



pieces in September to 2.198.000 at the close of the 

 year. The ir<>n trade was also greatly depre>-ed. 

 and the output declined to 180.532 tons per week 

 by July 1 and to 110. 7*2 tons liy Oct. 1. or at the 

 rate of about 5.HM).ooo tons per year. After the 

 election there was a little better fed in. 2. and at the 

 end of the year the output was 163.576 tens per 

 week, though without any real improvement in the 

 trade. Toward the close' of December the steel-rail 

 p. M,I made a reduction of $3 per ton in the price, 

 unsettling pit: and manufactured iron. The copper 

 trade wa< active during the year, and the situation 

 was quite encouraging at the close. Exports were 

 125.913 tons of fine copper; home consumption. 77.- 

 and the production was 203.209 tons. Exports 

 of manufactured goods were large during the year, 

 chiefly refined mineral oil, copper ingots, agricul- 



September; and the St. Joseph and Grand Island 

 in December. The reorganization plan of the 

 Northern Pacific was submitted in March. A rate 

 war broke out in July between the Southern and 

 tin- Seaboard Air Line Railways, which continued 

 until September, and in November the last-named 

 line passed under new control. In December a 

 Kansas State court appointed receivers for the 

 Atchison on the ground of a technical violation of 

 the alien land law. but later the receivership wa- 

 vacated. The foreclosure suit of the New York 

 and Northern was reopened by the Court of Ap- 

 peals in October. The Southern Railway Company 

 declared the first dividend on the preferred stock in 

 December. 



The following shows gross and net earnings of 

 the trunk lines : 



tural implements, colored and uncolored cotton 

 cloth, builders' hardware, sewing machines, bicycles, 

 typewriting machines, and manufactures of wood. 

 The collapse of the speculative deal in the Diamond 

 Match and New York Biscuit Companies in July 

 somewhat disturbed these industries during the 

 summer, and the former suffered by the competition 

 of the Continental Match Company. The American 

 Tobacco Company was engaged for the greater part 

 of the year in a contest with the Western manufac- 

 turers. In December it was announced that Ar- 

 buckle & Co. had decided to engage in the refining 

 of sugar, whereupon the American Sugar-Refining 

 Company bought a controlling interest in the ^Vool- 

 son Spice Packing Company, of Toledo, intending 

 to compete with Arbuckle & Co. in their coffee busi- 

 ness. A classification of the failures for the year 

 shows that there were 3,418 suspensions of manu- 

 facturing establishments, involving *9s.4r>:!.sr>i. 

 a-ainst 2.635 suspensions in 1895. involving s7:',.- 

 ".'\: banking failures numbered 198. involving 

 inst 132 in 1895. involving *20.710.- 

 210. The total of all failures for the year was 15.088, 

 involving s226.09<',.*34. against 13.197 in 1895, in- 

 volving S173.196.060. 



Railroads. Among the important railroad 

 events of the year was the dismissal in May. by 

 Judge Wheeler of the United States circuit court. 

 of the Government bill and the denial of the in- 

 junction asked for against the roads forming the 

 Joint Traffic Association, which organization, since 

 the beginning of the year, hail been a powerful fac- 

 tor in the maintenance of rates. The principal re- 

 ceiverships during the year were the Baltimore and 

 Ohio at the close of February : the Central Vermont 

 in March: the Detroit. Lansing and Northern in 

 April, and the Louisville. New Albany and Chicago 

 in August. The principal sales at foreclosure were 

 the Omaha and St. Louis in January : the New 

 York. Pennsylvania and Ohio in February: the 

 Louisville, St. Louis and Texas and the Green Bay. 

 Winona and St. Paul in May: the Cedar Falls and 

 Minnesota and the St. Louis and San Francisco in 

 June: the Northern Pacific and the Oregon Rail- 

 way and Navigation in July: the Norfolk and 

 Western and the Philadelphia and Reading in 



FINE ARTS IN IsOG. Under this title are 

 treated the principal art events of the year ending 

 with December, 1896, including especially the great 

 exhibitions in Europe and the United States, the 

 sales and acquisitions of works of art, and the erec- 

 tion of public statues and monuments., 



Paris: Salon of the Champs Elyses. The 

 exhibition of the Societe des Artistes Francais. in 

 the Palais de I'lndustrie (May 1 to June 30). com- 

 prised 4.879 numbers, classified as follow : Paint- 

 ings, 2,093 ; cartoons, water colors, pastels, minia- 

 tures, enamels, porcelain pictures, etc.. 1.073 : 

 sculptures. 756 ; engraving on medals and precious 

 stones. 58: decorative art. 168: architecture, 246; 

 engraving and lithography. 505. 



Honorary awards in 1896: Section of Painting: 

 The medal of honor was awarded to Benjamin- 

 Constant for his " Portrait de mon fils Andre." 

 bought by the Government. No first-class medal 

 was awarded. Second-class medals : Lionel Rover, 

 Charles Amable Lenoir, John Henry Lorimer. Jules 

 Boquet. Louis de Schry ver. Charles Duvent. Thomas 

 Cooper Gotch. Jean Alfred Marioton. Gustave Pope- 

 lin, Henri Cain. Paul Chabas. Mme. Daniel Lesueur, 

 Henri Biva. Charles H. M. Franzini d'Issoncourt, 

 Marie Augustin Zwiller. Third-class medals : P. 

 Melton Fisher. Albert Gosselin. Mile. Jenny Fon- 

 taine. Edmond Debon. G. Ilarcourt, Ernest Gaston 

 Marche. Evert Pieters. Maurice Levis. Leon Fauret, 

 Mine. Marthe Abram. Mile. Madeleine C'arpentier. 

 Francois Charles Caehoud. Maurice Realier-Ihimas. 

 Louis Maurice Pierrey. Paul Albert Stock. Emile 

 Louis Thivier. Arthur S. Cope. Paul Edouard Me- 

 rite. Henri Perrault. William Didier-Pouget. Henri 

 Guinier, Mile. Noeinie Schmitt. Edouard Paupion, 

 _-es Marie Julien Girardot. Cesar Pattein. Numa 

 Gillet, Maurice Dainville. Mile. Mattie Dube. Mile. 

 Laura le Roux. Henri J. F. Bellery-Desfontaines. 



- lion of Sculpture: Medal of honor awarded 

 to Gustave Michel for " La IVnsec " (marble statue) 

 and " L'Aveugle et le Paralytique " (group in 

 stone). First-class medals: Paul Gasq. "Hero et 

 Leandre " (marble bas-relief) and " Medee" (marble 

 statue) ; Jean Marie Mengue. " Cain et Abel " 

 (marble group 1 ). Second-class medals: Corneille 

 Henri Theunissen. " La Defense de Saint-Quentin " 



