Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1874-01-13


pm chasing and holding real au J personal '-er'
rs .uf nih,r purpose, tatn iih-c necessary 10
carry on the business for which they are incorpOf-
aie,l that il nay be well 10 consider whather all
such transactions should no, bc more clearly Tor
bi ldcn by law.
These anl oiher considerations bearing upon
TVS imnOrtant subject, should receive your care
full attention.
SPECIAL LEGISLATION
In whatever direction you may feel called upon
10 exercise your authority as iaW-uakers, 700
much care cannot be exercised 10 avoid private
and special legislation, so far a. possible Asa
general principle laws should be general IN their
character and uniform In their operations lot IL
"a the business OF government To protect me rights
OF an rather than the interests of few. Too often
private aud special legislation Is ONLY dc'lse 10
secure exceptional privileges expense OF me
people. II l. the parent OF that growing loudly
system which is always injurious to the public IN
terest.: and when supported by powerful CO por'
atoms or intore.ts, becomes source OF denOral-
izatiou and positive danger.
sAvINGs BANKS
In view Of the late financial complications, the
annual report of the Bank Examiner wn,eh VIII
be laid before you az AN early day, VIII DC reau
with unusual interest. savings Banks nave be-
come so generally distributed, aud their hnanciai
operations hgye grown to such magnit lde, th~
thew afIor,l = very correct Indication 81 the ma
ierial prosperity of the people. For this reason
il il gratifying 10 know that on tie lhifd Ol NO
vember the amount Of deposits IN INC hlty-SN
savings Banks of Maine, was sls,Ai5'o!S = AN
ncIrR-eof e. t0l. 100 II, since the previous annual
examination: and that the number OF dePositor'
was ~ RS AN increase of lN,UiN The hNamner
who seems t. have conducted his inVestsa,oh'
with great hdclity aud thoroughncss, nnds thess
banks, fOf the most p1rt, conducted win th'
greatest care. aud with an earnest desire 10 con
form both To- the spirit OF the law, and Of the Wel
settled principle that savings Institutions sh0uil
regard safety first and profit secondary.
I'm this view can but commend the Examiner
Tor the important stop which he has taken iu mn
cuding IN his detailed report OF the condition "i
the several banks, a full statement OF tue nature
Of the resources OF each. such Apuslic statement
a this i due to every dvpl>itnr. and VIII eNcr.
else a most beneficial Influence IA dcterring the
guardians OF these Institutions from invest nS IN
d14htlul securities which promise large returns.
The fact that among tne securities at these btnks,
arc reported more than three miliions ol n'ilar'
IA Western Railroad bonds and stoek-, AMI mnTt
ihan four millions IA State, County and municipal
! b0nd>-mainlv tho ltttcr--out ~ the hmit> ~,
New Esgland leads the Examiner 90 recommend
lc.i-laii "a designed % discourage 10 NOT prphiba
such inVc simCuts. ANY proper legislation inst
will tend 20 retain the large accommodations ~ The
Swings OF the people. within our "wn borders
VIII uo. only couiuc9 90 the safety 90 The banks,
nut sl.o materially promote the Development OF
the state
90 providing an adequate penalty tor violations q
the saving. Bank law, aud also Tor leyiulallon 10
discourage the use 90 these Institutions Tor iarge
/ TEMPORARY luACsitucnt- are worthy ot Yuur scr-
ou. attention when it D.. rcmtmbetci that tie
,lyi,o- It~ on She saving Ranks ct Maine, have at
rUady reached iit" ald a hait million. mh,c than
the Aggregate capital AMI drpo.itsoi Tie National
Banks u tili- state, thu Importance OF thc -u'Jcd
viii bc property estimated.
rIiE r.;E~E>r AL FUTURE or MAKE.
l-,u win rejoice W ith mc over 30 uamistsksbl'
90 licat.ouS taIt Mains hJ, catered upon career
o. MA keel prosperity. Although temporarily
che AeI U} the ryv-ut financial psntc. yCt there e
mason Co believe that tho prHSrc-s of uur mater
. a Development viii hr uncNtmplci during th'
next dtcilc. Abundant evidence OF tins pros
prrit,. i- auur ici hy The admirable AMI wonder
iuliy complete import ot the state StNti-tirlIn
Which w. bc ia "a bcfo.c You in printed farm nj ~
early day, aud cannot tail o. show the importance
aal value or au undertaking, which las been ~
~ucce-- fully s-compl IA a with small means
ia - short time, such Hn annual .urrey Of th'
wealth. and luau-fric, Of the state, viii -crvc no
onls to bring prominently before the capitalists %
o.hcr states, the extent anil variety oi our ~
source. but also % give our own people suons
cr falilttIau ever ia the Future of Maine.
We have % ch ready, perhaps too ready, 90 con
csi, that Aain' IL not cuot agricultural state
Yet with al the drawbacks % climate anil soil, 0
. fs capable o! demonstration that the farmers 10
. those .cC;lon~ 81 our state where manufLriurin.
aud industrial operations have developed hom'
maxi vts, arr a- prosperous ~ those OF >t"tc
~hirh hSve "a more genial climate aud "a more fer
tile .oil. but are further removed from the coc-
.utucr The >t1te Industrial CHmmi inucr wa
myte. That The hAy crop OF Maine for ISIS, wa
about tNo million tons. worth twenty i've miillon
crop CT nuy state Of IN" fertile wet. with ~
suuai population. The value ol 0ar dairy pool
urgs. which aIv rapidly IN 'rra. ng. Wa over iV'
millions OF dollars and OF an production, OF im
farm. including live stock nearly hftl -.ctcc mil
P liens n! dollars. Yet the territory 10 Maine thu
Gar reached hy the t,licr ni tive soil 3. much small
I or than that which Is Sin wjliein -. Nnt @
s,ctA lt thr great body og unsettled productive
. Snd living between ihs Andro-coggy aud Pcno5
g .-oiftntrc stilt fculltn- unuupIoNct nearly Tire
million, ct acre. in tbs Aroo>tupN region. Whid
. surpa-srs IA size the territory 90 Nassachu-rU.
h, q soil equal ru depth aud fertility tp That 81.
. any portion uf The Union. and b. capable 0f .uI,
. porting million pvr-ou-, The tact tAat .umi.. \
tua ifum This state O. the great west, ha- prlc
i tsbiy ceased. aud that the tide ha, O. some ~
tent Turned ca-tNtru. ahlN iniIrlts- t.s
even a- IN /. - cIiturui state, Maine has = prom
I t-.ng future. Wuateter policy will give needle,
I saCuurr cement o. thusc rural pursuits viii "a en-
b ylo,~ the cu"rg.r cot majority OF our ci' seus
l should De- pur-ut tot SIMPLY because < VII
. promote The interest. of 30 MANY citizens. hn
q 80 and specially Dee .au.c thereby win hr lat
d III, uu't cuiutin< i"uada tuu~ Tor She mftc,il
and moral prosperity of tAc whole Sta.s
IL Dr. ~ turh dctvlupmeu' st our u8tu ID o.
SOURCES ~ VIII creates homes markets, that thus,
engaged lu A. ..u.iut.l pursuits must look ios
c rtau.ut lsfuruutins IS Iartr Interest," H. the,
D r.cnurCC- M.uus occupies Cd prc-rnIucut position
. ~ .tllu a frN 1taI-. fu.ltcl oug manufacturing
/ commercial. mechanical au' mining miu-trir,
+ have wonderfully expanded. The value of 90,
D cotton mauUttrtUfre 90 tlc thc lJ-f year, Wa
nearly twelve alI 90 llil 100 litugs OF dollars. o.
I the manufacture ot wool seven millions: boot,
: aud -h0c,--an industry that has cVrl,lcd VIII
I RENAL liable rdpdIty nearly niuc millions; lcath
I or. four millions paper thrive millions: hour au,
(. Isl mill products, two and quarter IN Hons
I ron cast aul ol-cl, two aul a hall millions
machinery. two AMI hdli m ilirn~. Cigc tool =
D nraYlN three iturtu- q! = million. 90 cloth.
million an a hali, bricks. halls million: fcriiHl
T crs. ueatiy eighty thou-Aud>- ucuh,dru aul kst
. u. enc oils. half million. n-hcrr-, more fItt
three iuultha ol q miIii'u. yui canned pruduct,
Il o. q H.. DID,.
lIr value uf tNr lUr eng from aUr riVvr. Ws- pgt
D uaii million dollars, OF the granite qua -ti
. from uur rock b-uuu shores gui % Us. four Hui i
. halt m. Hons. OF the l.mc burned from The ahUul
f ant mttyIIai. az hand. Que million eight hundred
Thousand dollars. aud OF thr lumber cut from tte
b immense foUc-t-, which. with proper care. mty
Doe handed dawn 70 tutuic generations. nearly tea
millions OF s'lIu-.
4 But. 10 possible. more encouraging still. D.,
uuly nn account of tine immediate value of 'hc
industry it-e.. bat also becsu-e of 10. great iu.
huci. ou national pros pcrty, l. thc revival I'd
shlp-builtius along oar coast and rivers. - evil
dcnrgd hy returns showing th.t daring the past
year there have been bu,li BOO Maine 30 vessels
with tonnage ui -1,>l6 toa- valued a uciriy
tsc aul q half millions Of dolays-mug, han
douole thr tonnage VI i>'3. and lArgcr even thau
auN 20 fde pro- PEE oUS years 90 tlu- ministry
before the rebellion. AMI what l. more hopeful
vel, tHc indications ne that ID Congress shall con
tuuc, and II possible eNtsud the wise policy
alop'rt 20 promote the development of American
commerce., aud the consequent growth OF Ameii-
b can power AMI influence on the ocean and m Tor.
E ~ lands, We NAV reasonably look tor sucl pros
prrty Of our shii-bllldihg interests hH, never
before known
Gratifying as are the statistics which show that
our agricultural productions representing values
wring Il ON the soil have reached nearly hty
seven millions OF dollars: and our manufacturing
aud other industrial products representing the
value OF raw materials A. well Of labor, have
reached ninety xix millions 0fdolars, an increase
| OF p per cent wiihm three years making the
aggregate value OF the products Of Maine soil an1
industry tor the yesr lsI3 nearly one bundled and
I hny-thTee millions Of dollar-,-yet even these
I figures give but faint idea Of the magnitude OF
Z the natural resources Of the state. | have spDk
ep Of The great extent OF fertile territory yet
awaiting the tley uf tine soil. but which cannot
I be well reached until our railroad system, which
has inc esscd IRON 80 miles ln 1880 20 i,j miles
I ia ls5I, shall be extended into new regions The
/ beginning that has been made in sulp wing the
/ increasing demand for the crystal ice OF our
nj II