, 1869-04-01

fCducfd to pf1GfA bottd H.K1
reduced Y the generAl afeIAge of
nss examine - u :i.iiis:ies of savings bapis
stmtar Thus according to the returns Of the
rhlladtphia savings Fund Society, the ia.Ees. H.
asa fse T ri u Jsa ss xo,1 v.. s,
SANE ,utueed to so'a- At LIZ aove1t noi averise
s.at irae.d to ns.,r la.s, tis;
s.ae s Eysd = e F-s' Fns ;, fH5 ea' II Al kinda @
ssne rSasrd Fiers far So..d ii:5 1is
Even Tie average sd7snce ance isS5 in '.i 1ns
price Of the commodities essential to the e11s:ence
and comfort Of wotkinsmen has been oni1 50 peF
cent a. you nay, the purchasing bower Of he .vr1.
aSe Of individual deposits In the savings hsnfs Of
Me sac e. Of !, Neg ioFk would be 3niy is. u ise8
ph!a, 40 - compared with ~
bt objected that it Is not fair IN this ep,1ps11-
eon 70 fed4es @ currency TO gold-or that dollar is
ton cannot fairly be urged a4atust connsrfsnn
Q! the purchasing power Of the mo,ler on uepoGt
a. ,a oinssent periods tn respect to other eoamod
comparison, It may be asked, could have been in-
ssitntsd IN case the preeent cu.rcrcy- nad dcpFe-
Gated 70 an equal extent with Confederate money
u ne quantity OF deprecated paper money depos-
lied In savings bauks to be inide the tesi Of lie
IfosPeas5 o. me people: II 20, then the greater
ne 6xIa 6nspFfea5ien sne g.saeE tns ptnspe1.ty
the statistics Of The saving. hanks OF Philadelphia
rereals which commend % your consideration as
Of spectsl interest It Is that the increase IN tie
nunher Of tepoeitoss tn that city has not kent
pace with the lncrease Of population Thps, In lie
safeN Fund Savings Hanf The tpcreasc in The
number Of depoaators nom 1850 to 1853 vas M
les ont while the population OF the CITY during
the sa1Ee period estimated to have incTease3
from s6Auo To 10000, or at the ra.e q nearly
"a Per cent ''
cArsz OF xcEEAsr OF DEros11s n sArpas
1ANLx
But Interesting and conclusve as are the state
neuts koomlttea 70 Fe3pect 10 savings banka, The
story Is Jet out hall told Formerly the deposits In
these Institutions represented In great parr fne
ha.d-earned Aecumulauona Of petsons Who YER.
enu!eiJ dependent for support upon the wager
ieesMsd eosi for The peEfornaxnce Of dsily
Gay laboEetx, mechanics, needle women. CLERKS,
aod ksnan t1adels- Now, on the eoptraTy all the
evidence evidence; tends 70 show hat exactly the contrary
lol example, IN the manufacturing city OF Law
renee Aasa with populauou Of =, ,ooo, Of whom
sS eS ass opssaaFes directly eErpsoyed In the mA.
ttors n that place for the year ending october,
le:e no& Of tols number only oue-Ioursh, We arc
omcasy informed, werr operatives
In short the recent Increase pf saytnSs-bank de-
posits n the Eastern 5sstea Il chiefly due u" o"the
! iaet teat They s1s more lightly ta1ed than any
9.nes f1ad Y s 81 n!ested properly MS A y TsN ns
year INC t21 on saeing8-hank deposits IN thai State
Fa4 only oue.har OF one per cent, and as the H.
bsnV o1 es1 e 11sa nese dt
stocka The dcposltor received ret Increase ol :.
rer cent Without risk or trouble The consequence
sasn oans, nsTef 81 m and .no I'D
no right to AvAl themselves or their eleeno5yna5J
Character, began to use them. and to deposit vac
That amount IN Massachusetts Il required 70 be
lesH than Il 900 standing TO the credit OF one per
! SOL But 70 avoid this. deposits are made n tne
orten amount to several Thousand dollars Nor
| pnlpahe violations Of the iaW than this arr ase
1esofsed t. Or 2smitssd by some nsd nsataa3H 9hs