The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-11-03

state-being the smallest state in the I'm
ion, with an area of territory only trifle
over one-half in extent of the state next
larger. But it is busy hive of industry.
Taking the census of 1870, as authority.
the population of the whole state, men,
women, and children over ten years old,
was two hundred seventeen thousand,
three hundred and fifty-threc. OF
these, one-quartcr were engaged in manu-
featuring, mechanical and mining pur-
suits, and one out of every ten, of this
whole population, were employed in the
manufacture of cotton goods alone. The
entire wages paid out in the state, in all
branches of industry, was over nineteen
and half million of dollars; while to
those employed in the manufacturing of
cotton goods the amount was over five and
half millions of dollars, or more than n
quarter of the whole. This is not oil :
more than seventy three millions of dol
lars is annually expended in that state, for
the purchase of materials, with which to
carry on the manufacturing business. The
withdrawal of the proportionate amount
of these expenditures, by the failure or
suspension of the Spragues, presents fear.
i'll subject of contemplation at the APP
prolch of winter. Tho is not the worst of
it. yhc operatives were accustomed to de-
post their surplus earnings with the savings
banks for safe keeping and it now appears
that if the Spragues fail or suspend, the
savings banks fail or suspend with them.
There ought, if there is not, to be some
way to reach the managers of those Provi-
dcnce savings banks, who have loaned over
million dollars of the deposits of en-.
ploye back to employer, but we presume
there is not. We have no doubt that these
honest toiers will obtain their money in the
end, but the bitter, memorable, comfortless
winter is upon them, and what will they
do! We doubt not that one out of every
twenty-five of the residents of Rhode
Island men, women and children, will
suffer by this failure or suspension. If it
was confined to Rhode Island alone, ii
would be enough to make the heart of the
charitable bleed. We read of five hundred
men thrown out of employment in Oswe.
go; of troubles In New York city; of
thousands discharged in Maine of a fac
tory stopped here, bank suspended there,
or a mill closing its doors all through the
difficulties of this one firm, because this
one firm furnished the money to conduct
the business. We have spoken of the
Spragues because it is historic family,
every one knows them or of them, and
their money has benefited the country.
Such disasters and embarrassmcnts do not,
and will not, assail them alone in times
like these. Every individual can read,
mark, learn and inwardly digest the por-
tentious lesson embraced therein, as well
as we can He who unnecessarily spends
money is false to himself and false to his
family. The most favored will go through
the winter with difficulty, and no matter
how the situation may brighten, there is
suffering ahead. If not to u.s. to some one
whose wants we can relieve. Let us, one
and all, cut off needless expenditures and
be prepared to help those who will stand
in need of our aid, unless miracle should
intervene.