New-York tribune., 1873-03-03

re In savings banks is not an index OF the pros
ger,pcs Rank Commissioner, and more espccaly rom
returns furnished TO the Bureau by lago ~ ,his
o'in,s hanks the Commissioners have arrived ny ,s
Conclusion Blanks. with questions INVOLVING All ,h ,he
points issue were sent to every n Of deposts
made and the percentage OF wageabor representeui;
The method of keeping books ~ most Sann in many
Instances Out of about 60 Savings Danks IN .ne
H. rePed Of pe in these III banks at the
present time, is A7As the amount Oh usposstS sps
ss "a Tine average amount of each depOs0r this year
is given, but from returns OF last year "ouu w
Another table gives the occupation OF depositors but
unfortunately only 80 banks are represented IN TINS ta
would affect more or the returns Of occupation We
would naturally expect that bankin Lawrence OF Low
ell would have more factory deposors than seahen'
From these Sc banks the total number OF wageabOr de-
positOrs appears TO be 2O OF hOusekeepers 2i9J trust
account depostors, 220o total NUMBER not wagea%po %
ers $685. unknown, 40; making total OF 35,6D3 Inls
would give 10 per cent OF dcposors as
The returns made the percentage about 60
Add the housekeepers and unknown TO thc nunDel o,
wageabocrs and 1t would give q per cent 10 % % een
other than wageabOrers. From the returns OF 6i banks
appears that S3 of the deposor winch inly lncus
the class hold 80 per cent OF the deposits WINE lg
remaining l6i per cent OF the dep0sitOrs hou oil
per cent As stated previously in the re-
port nearly oneha Of n.I, tne s aO on nne Gi tmc snm
that wagelab0rers cannot save from tne erhs' V T
single year, much less place as single depoSl; hne
large portion OF the deposors are wageIaDot,ys'
widows. orphans religious ana este
would be exempt under the laws OF Masachusetts al
increase of the savings banks TAX wod Pe gross ne
cent OF small depOsitors may be cassihed as i3lows;
Unsled laborers. mostly foreign, VINO 9udg % e , ni'
crowded together in the large cities win some ew IN
country towns expendnS 9u nv S the Si ad Of tie wife
TO save from $50 to SIS year II they nave iauiy
earning of the family Will from 500 to $780, and
sometimes $500 year, every member OF tue h0Isenou
being early put 70 some productive industry DOnesuc
| ia
able I'm many cases to save 500 or $50 year Cat-
Ole priest in large city explains how large sums APP
near agnst their names IL is safe vOuch that many
Of the family servants from their salary can 1907 up SDO
in eight years 1t is easy to account for the large de
POSTS made in the savings banks from time 10 time by
aborers rather by bequess left ry their friends uemso
than by amount saved from their own daly earn,
ngs The report further states that being often cded
10 make out wills and settle estates wherein several per
have bequeathed large sums Oh money 10 tne oi
heirs and friends, the chief OF the Bureau can Wen
explain how such come TO appear at once upon te
bank books. While ordinarily, VIII laulf VI tnioo y,
feur Children and pay Of IS per day ana soDeI
at that, the laborer after the payne OF & domestic an
church expenses (the latter from sli 10 s-g per ca &
enabled to make only an average ahhua ueost VI 80
The Commissioners add that among our nat'o PoPu,a r
q years OF age aud few married men Win very sla
families The number OF married men, wh an aVeId-o
Family who deposIt is remarkably small. Tue great
number depOsOrs often quoted as one IN 5ot oi to
population gives entirely incorrect impression as 70
iLe prosperity of the people. 1t is doubtless true that
nearly all persons have 40 some period Ol Ire epOsle
I'm the savings banks but the attempt to save mas more
failures than successes The number Of Withdrawals for
the last three years nearly equals the number Oi ue
4 =.
gitbdraw walls are full have hint OF the poverty OF
| the people who have made the deposits.
According TO the Bank Commissioners report from
1861 TO 1871 inclusive there has been an increase III the
number depOsitOrs of Ga per cent ana an Increase VI
9S per cent in the number Of deposits Ol anu d
500 How far this percentage OF increase OF anu eA
ceeding $500 be accounted Tor Wthout tno
that savings of capital the commissioners leave
| others to Judge.
| The Lynn Five Cent Savings Bank in making its re-
turns, SAYS: Very OF our laDOrerS save hte OF
nothing, the reason being because they 90 not Try anu
the why they do not try Is because some VIII hot
undergo the selfdenial thinking fortune, hrge or
small. cannot come by slow and patient savings some
do not know how about II. have seen man VINO
could not save a dollar, pay for a house when shown
how Increase of wages cannOt long Denet the IooeI
because all prices including salaries PROFESSIONAL iees
rents &C. adjusted 10 the increase o wages anu e
laborer is left relatively where he was fhahelay, tne
reading of the life OF Dr. franklin tue study Oh inter
est simple and compound the study OF anhulties and
the seeing that steady slow gains VIII amount 10 large
totals, would be of great advantage TO tue laoofer
| DISTRIBUTION OF WEALTH.
One OF the PRINCIPAL efforts of the Bureau this year has
been to ascertain far possible the actual distrbu
ton of wealth as shown by the ownership OF real ana
personal estate in the OF the Commonwealth The
cities were omitted for the purpose OF making the in
vestgatiOn in another manner the computations Dised
upon returns Will be more llheral IL IA belleyeu
their allowances 10 the wageaOorer tan hey s wou th
be If corresponding returns were oDheu Iron so s,o
cities. The blanks were sent 10 the esSors Vi %"
towns, and 295 have replied computations ne ,po
based upon the amount Oh taxes pau aS sho"" W '"
returns. These show: q, -,
Total number paying tax under s'o-...'. ss r;'.i
anoraoo ornonnt 81 nronerfv --. Sl,OT9 81
Total value of property. sooVIi'of ~
Total number paying between $50 ana SJOo. sIo %
a',ora5o annonnt ~ nronerty ..., -. Sf,009 50
Total Value of i25.2i9 6S
Total number paying over sOo-..'.-.-..-' a, oco ~
Average tax =; ro1:r; ss5,SHs Sis 80
Totai ySlne of property O69,l56 Is
| Total number Of women paying taxes III .oo,o
these tOWnS