The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-12-13
OUR WASHINGTON LETTER.

WASHINGTON, D. c., Dec. 8, '73.
The annual report of DR. Young,
Chief of the Bureau of Statistics, ,
has been sent me in manuscript
The work of the Bureau during the !
past year seems to have been quite
formidable. The statistics of labor
are referred to and compilation
thereof promised at an early day.
The present exceptional condition
of our industries. not fairly repre-
senting the state of the lnbor mar
ket; he suggests that short delay
will add to the value Of the work.
This will also. enable him to secure
more recent data from the places
which he visited last year in Europe
and also from the British posses
sions.
A Bureau of immigration is dwelt
upon at some length, and its i'm
portance canvassed. considering
the important bearing Of immigra-
ton on national welfare" says DIR.
Young, sit would seem to be the
duty of the government to the M
ton, as we'll as the immigrant, to
afford the latter all possible protec-
ton from the moment he leaves his
native shore until he reaches his
destination in the West or South"
The total number Of persons OF
foreign birth who, in the year ended
June 80, 1873, decided to make the
u. S. their future home is 1885,
500, of whom 275,792 were males,
and 1S4,O11 females, being en- in
crease of 54,997, or 13a per cent.
over the immigration of the fiscal
year 1872. The largest increase
from any country was 25,734 or
184 per cent. from Germany, while
from England the excess over the
previous year was 5.o34. or q per
cent. and from Ireland, 1912, OF
l2a per cent. The increase from
France was nearly so Per cent, be-
ing 9.317 in 1872. and 14,798 in
1873. # the average value of an
immigrant, as stated by the Stats
teal Chief in the report for last
year be $500, the economical value
of this addition to our population
in the past year amounts to $685.
942. 400.
The report contains detailed
statements Of the commerce be.
tween the United States and all
other countries, including Cuba and
Porto Rico for the fiscal year 1873.
POSTAL SAVINGS BANKS.
Letters from different parts OF
the country received here show that
the people are generally DESTROYS
of adopting the views of Post Mas.
ter General Creswell on the sub
ject of Postal Savings Banks. Since
SO many failures have carried ter
ror into families who have dsposi
ted their earnings in ordinary
Savings Banks, the postal system
in which absolute safety TO deposi
tors is guaranteed by the govern
| ment, has become the popular need
of the industrial classes. When
this is supplemented by the many
substant ial reasons why these Pos
tai Savings Banks would prevent
panics and the devastating effects
OF stock jobbing and brokers' cor
ners, the pressure upon Congress
can not 1all 10 secure pfCnpG actiof
on the Post Master Generals an6
the Presidents recommendation
in favor of these institutions fol
the prudent industrial classee
Through this means laboring mer
and women will not only be pro
tected, but the method of it vii
rebound to the general financia
stability of all other Glasses. LIE
Congress see to it that this reform
be instituted, and let them protec
also other sound Savings Bank!
who will agree to maintain tn
features of absolute protection *
depositors. E