Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1868-04-03
NO 9.
&c Arlstoeratie Boadbolders.

! Anu EAAAla4aL aaeAa l4l4leLaA. LaUaaa
/ If the demarogues. either west or
east either Republican or democratic,
who are pushing schemes that viii In
/ evitablY depreoiate the value Of Uni.
I ted States bonds, fancy that they are 20
/ ing to make friends thereby among the
people, they are vastly mistaken. They
/ may raise a cry for time by their de.
! nunciations Of the s,arfstoeratic bond
/ holders and the capitalists who are
/ supposed to hold the national securi-
tiesi but they will find ia tire end, to
use a common phrase, that "they are
| barking up the wrong tree"
The bonds Of the United States are
not in this county generally held by
| men who may be called capitalists -
I 1. e., by men Of realized wealth who
l live upon their incomes, We have ta-
ken some pains to inquire, at the reYe-
nue. offices, how that might be tn this
city, where so much capital is coneen-
| trated, and we have been astOnished a.
/ the result. Of the five richest men Of
the metropolis, only two hold, individ-
ually, any United States stocks at all
and those to very inconsidera bic
amount. OF several others who paw
taxes on incomes over a hundred thous-
and dollars, we could not find that they
were bondholders. The same thing,
We are told, is true OF Brooklyn and
Albany and we doubt not that it IS
true Of Boston and other cities,
These bonds, besides the three or
four hundred millions held abroad By
our friends, principally in Germany,
constitute the investments Of savings
banks, marine, fire and life insurance
companies, and Of trust estates. In
this state the savings banks alone hold
no less than 40 millions Of dollars /:
in Massachusetts, twenty-five milllons 7;
in Rhode Island, thirteen millions, and
so on Of many of the other states. In
this city the surplus funds Of the life
insurance companies, TO the amount Of
twenty millions, are invested IN the
same way. The marine and FIRE inaur-
ance companies hold no less, or in the
aggregate, about forEy-siX millions Of
dollars. In other words, again, the
saving banks and the insurance COM
panies doing business in the state alone
hold one hundred millions OF United
states stock. In this, trust estates,
which we have no means Of getting at,
are not included.
The precise amount thus held in 9TH
er states it is difficult 10 get at, but
Judging by the figures we have, it is no
s5ctTavagance TO assert Gba6 at least two
thirds OF the public stoczs-not owned
abroad or deposited by the national
banks as security for their note eircula-
tion-are owned by these various qua
rsnty companies.
Now, who are the members Of these
com panies, who are the persons direct
" interested in them, who are the real
proprietOrs of the capitals they repre-
sent2 Are they capitalists By no
means Capitialists do not put their
money in savings. banks. Capitalists
only to a small extent, that is, when
they are enEaged in active business, H.
sure their properties. Capitalists are
not commonly the benehc1arleB 1nteres-
ted In trust estates.
In thestate Of New York alone the
deDOsitOrs in the savings banks who
own this 100000 Of United States
stock are no less than 48S, Sol in NUM-
Der. In the state of h1assachuesetts
they are no less thau $4,000 ia number,
making in all, in two states alone,
nearly q milHOu'of persons W BIO are VIZ
tally. concerned in the pernamemC8 and
appreciation Of our national cecurities.
Now, let us ask, are these all capitalists,
are thew all aristocraCic bond holders
are they even Of the easy classes? Lei
as take q list Of one of the banks now
before us, and trauscribe some Of the
principle occupations to which the de-
posieors belong Artists. bakers,
butchers, bartenders, blacksmiths,
boarding house keepers, bOatmen,
boiler makers, bookbindeEs, caTtmen,
eoaehmen, carpenters, clerks, domes- /
tics. engineers, farmers, fisherman.
gardeners, hatterss hucksters, junk
dealers. labOTeIE, m0sons, mil kmen,
milliners, nurses, 0stlers, porters,
plumbers, seamstresses, shoemakers,
soldiers, tailOrs, tanners, washers.
walters, Weavers. OF these several
classes the largest in its numbers are,
1st, domestics I'd, laborers Sd, seam
stresses 4tb, clerks 9Th. tailors 9th,
walters, and 9TH, cartmeu. These are
the "aristOcratie bOndholders, whom
the politicians, in an ignorant and vul-
gar notion of playing upon a supposed
feeling Of jealousy against wealth,
would drag to the ground. Rich men
who hold bonds have other means, al
so but these have nothing to frast TO
but their little economies invested In
the faith of the nation.
They are the poorer CLASSES, then.
who avail themselves Of the benefits
of these institutions, and whose little
means accumulated make up their
capitals, The savings banks alone in
in this state have a constituency Of no
less than four hundred Thousand per-
sons, poor men, widows, orphans, sew
ing girls, teachers and others who are
thrifty enough to put By all they have
earned against the day Of ill-luok, or
disease, OF old age. These are the /
"aristocratic bondholders, we repeat, /
whose property the politicians are aim. /
ing at, whose securities they would /
render worthless, whose very means Of /
in their darker hours they /
would turn into worthless rags.-N /
7. Post