Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-03-15
DAVENPORT, IOWA, WEDNESDAY,, MARCH is, 1865.


Oovln9Sp Doa ~ -Rruga1lsy.
HitAsste " havs ffequeatly callsd ths
attsstoa of cur prudent artisans md +
bessss ssassally to u inpsstanes ef hus-
banding portion ofthe earnings through the
agency Of that excellent institutisn-th
Dsvsnpest Savings Bank. Il y no part oi
our design isadssnaing this jsdscious pvae-
tice, to inculcate IN avaririous or pernicious
disposition; but simply to awaken SO much
Of habitual and systematic providence as
will at least ensure something ahead for .
necessit.ous hour. and perhaps enough to
surro und those who have the wisdom to
adopt the plan with the comforts, conven-
fences and independence Of home Of their
own.
Already, in many parts Of the Union, our
mechanics have been swift to avail them
selves Of the advantages Of Savings Banks !;
and although the prices of ali the necesearies
Of life have been greatly enhanced by the
war and it, consequences, at no period of
our national existence have they laid up so
large amounts IS they have within the past
few years. The apprehensions as to the fu
ture-the fears that some revulsion would
take place in our business affairs upon the
return Of peace, and various other causes.
have predisposed our people to unusual fru-
gality; and finding that manv articles of
mere luxury or comfort, which they once
considered indispensable, may be dispensed
with, without materially abridging their
happiness, they are very generally retrench-
ing their expenses and laying by the savings
thus effected as q store for future day.
In single one Of our States, namely the
State Of Massachusetts, this provident dis
position Of our mechanics and operatives is
very clearly shown by the annual returns Of
its Savings Bank for the year which has Just
closed. In that State no larger sum than
$1,000, is allowed BY Law to be held by
Savings Bank for any one depositor, unless
it be religious or charitable corporation.
In the year 1862 the number of depositors
in y5 Savings Banks in Massachusetts, was
272, ,2l9. and the amount of their deposits
vas $56, ,SS3, 1928 "a; against 29l GIG depos.
itors in 81 Banks, and So, ,557 ,6O4 80 of
deposits in lS64--bcing gain in one year,
Of 1887 depositors and Of &5,673,775 20
deposits During the last four years the in
crease Of deposits has been &l7 500, 1863 30.
This immense sum Of over sixty two mil
lions Of dollars, for the single State of Mas
sachusetts, represents the surplus Of the
earnings of The labor of its mechanics and
operatives; and It ID most hopeful sign.
It indicates thrift, economy, industry and
providence. Il is pledge for the continued
practice Of these virtues, and also Of sobrie-
ty, by those who have contributed to make
up this great amount. It is also pledge to
society Of obedience tn law, good order, de-
corun, home attachment, and increased pro-
ductiveness. Each Of these depositors has
All additional incentive to work for man
without anything saved ahead Is often i'm
provident through recklessness or despera.
tion. lie is without hope and SO he is also
without effort. But when he has once got
something ahead, he is constantly urged by
thousand motives to add to it something
more. And the larger his savings grow the
more difficult it is to persuade or tempt him
to encroach upon them for any frivolous
purpose. Each dollar laid by is an argu-
ment in favor Of saving another dollar, and
Of placing it in similar secuaity; and by and
by the habit Of regularly and Systematically
depositing fixed sum becomes formed and
cannot be easily broken. The man feels hap.
pier and more independent as his store grows
larger; he and his family know that if an
evil day comes they will have chance to
turn around without want and beggary
staring in at the door There is now cheer
fulness where before there was only carking
care and these Contribute to health also, as
every man can testify, who with an aching
head has also suffered from an aching heart,
and has been cha ned down to bed Of sick
ness. more by eating anxiety about his A.
fairs than BY any absolute bodily disease.
We have recurred to the subject again
because We are firmly persuaded that we
can perform no greater service to society or
to the large class Of men engaged in indus
trial pursuits, than by fixing their attention
upon the importance ofinstituting regular
habit Of laying by portion of their daily
or weekly earnings, as capital for the fu-
ture and as precaution against its possible
exigencies. No matter how small the sum
thus saved daily or weekly may be, it will
form a respectable amount at the years
end and the satisfaction which will he felt
when the resnlt Of cne or two years work is
contemplated will amply repay for all the
temporary petty self denials that have been
practiced.
GRAM Dealers, Produce Dealers, Farmers
and Business men generally are referred to
the card Of s. g. Wheeler, Chicago. This is
. first class, prompt and reliable business
houss-second to none in responsibility and
fair dealings Consignces will receive lb
eral advances on consignments, and they
may rest assured that their g,ods will be