The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-04
BEN BUTLER AND SAVINGS BANKS
AN MrEnvrEw ON THE STAY LAW OF MAssA-
caUssTrs-BurLEs's EEMEDiis AND PRO-
Posxp MEASURES or RELtEY.

caUssTrs- BurLEl's EEMEDiis AND PRO-
PosEp MEASURES or RELIEF
BosToS, August B. 1878.
General Better hes allowed himself 10 be interviewed
TIE savings bsuks Of the State OF Massachusets tor
tSs psrpsse. no aeust, sf opssiag his campaign on
The ansscsi issues nov before the people The Stay
lac which was passed by the Lcgs laturs last March
meets VIA hS aisspprsval ne. 80 much ia intent
10 The ssssr ~ which vas put through and the
iAca'sy afforded Ter large deposition. to withdraw
ssss funds ssa cripple tho banks while
ths poorer depesisors whs were outside Of
the ring had 20 ssnsG He skasw Tor soms
vssss sstsrs the lac was passed that such .
prspos,uss lad been usdsr sssusa,oa secretly. He
al lss.s ssssssssa VIA sns SanKs. or who knew
sssat ~ 10 vlthsras we large sums deposited Ia
npss zee savings ssssmsuoss py the one, two
three, iesr ana ave thoasasd dollar dcposiors
sss forced ne savings s.nks 10 sell lhsr bans
sna oshsr qsiek sss~,s ~ sscount 10 this run.
irsm lns saass ~, .ss usss ONES began 60 l.i ssa
ths matter osuis hot he postponed Tor this
reason that the April aiv,dsBds would nave 20 Do
paid lee day q anu They paid, II
tss banks woaa psy lnsn, large deposiiors who mad
eses vsstssg Tor ihs1 a,y'assds Dsiere they drew
banks a. tssy snoaid draw before aiviasnd day,
you'd have prss-es lhe banks sti closer; therefore
zee ssspp&ss asa,d MOI ss postponed.
rns stray Law sLLrsrKArKp.
The roubie be Leland WIN a. that 10 did not 20
snourh ihefe ought sr
asssefs wao e-st pay a. we'd - Tor savings esHks.
wsiie me savings banks oan't pay their creditors
they, a. ereaors, ~osid press ths dsosors pay.
msss shs destroy Their proycry by ths foreclosure oil
ssssssses Ne said 81 val lnus,rass ~lal mean.
sapyess mechanic ave wears ago had morlgaged mis-
house vsrth $1,000 too o. vvo asabls tue isl day
OF Aprt. ISIS AZ pfsdsns man ns would bul all
hs sarpas EARRINGS "a ssme savings bank, 80 as TO
have "a ready 90 pay hE mortgage when a. became
au Bss sy ,hs stay lac me savpngs banks won't
pay hi- @snsy possioiy Tor three yoars, sad lbs
mortgage Sscomiss sss me IA, OF ipni Mould be
IN ma IA Wou In. ala
house.
much 40 the osaxsf 10 this c"ndiiivn 81 thIngs the
say lss. teesing up t2s0 voo. wv ysy sbc suOs4a-
ay on call 10 sssass e.ss, -oaid sisc. all classes
sss ass,ssn sas e.ssrs OF the immsns. sum locked
NJ ID IRE stay l.~ 90 shc osher. hope thai lhs
n,tt Lessisturs stii adde's hs-ii 10 tbis condition
Of tnsnss remssy. ne, under me aus.
psnssoa OF the rses bessvsf hui aaasr fui and law
Say Iss 70 90. las. ssa... scr. ~. v.rs men -ss
ssrs 90 snhios. iof zoe s,asie gold standard and
ssa'sss ssy sassssrs y rslsi lef Toe peepis.
Tnk siLvhs etnsrloS.
al said IA my sp.ssh tss hill you Oil re-
Dsmsss that "a 90. sishsr isss.sf. Of rsnei on
ssme. - ias az s1ss@ essslss tss,ns,oss sers COO
eorsea. "a ths rtchsst ana sresssst state "a tue
West " a. ,ssssslos % psss slsy sw ssslnss ,as
eeisscsses 81 ssbs D. % oct voaasrisi that OF
hssss-a nss~sss &c h.ss sesA iefo.s, 20 s.fss oar
ssss.sSks 70 ar sssis "a t1s sloe, tats p.ss as
:., .s,s .s., .ssss, ..s -. :, ,s.s .ssr%s ,
- The slrsf soasr. 80 tar tee have sone
isss sssspssrsA. nsss ss<a "a q 3rsmpaU, Aas ssla
sss TIE ssses tsss sfpfselsi~1 - tnss tae baaks
ocss nsss sss th~i. stsss ths sss~sSn ~ tue saver
hsl ne ssfe th.@ sbsy ossa ssisrs a msy be-
eees ss>ssssfg ier eSssr~~s. a. 70 sssslei. tbey
Asss re psssf snasr ces~sftutioa.l prsvtsiess 20
n@ss ssussm sssts~ 81 ssskreplsy 10 rsss "a
rns r.srstsscs 90 sssrss..
"rhsy .,h eefss..s hsss 70 40 .. anisss some
nssss's - rect ss-.. I've psss'. ssssos bear
tnts tnsseai astfs.s tsse ths s.ttsl 81 tbs aaos.
vsers 90 satsuasa svss~ns 80 esas. IL Iusss
snd ths fspeft ~ tbs seats ~ ms.l.h taat Va
pepalstioa 81 lsu~o. los atsa i..t year iron
soa aspfs stivn ~ zee ne.as ~ sastousne~
stt~aassss. sad over l~au.~n theassna 90 iaoss
tnsn PEE usst Of tus ~uet. Iggsiattsn. sought
iesSinss - ne sstisn egasss last sltter. iSc
troues 10 tnat stse - re@f aa~saafe as TIE silver
sdA. shsrs 81 az gs~sr - smse@@snss. c-@s tso
tst~. sas ne conrtciten tat snf stnss %
rensl vsela ~ stfsnsisd w frssiaenust veto 10
fefsiss ftssu h~9s spec ths cosstry. 80 tbst 90
eyes sst th-t feliet shich hoFs sthsf
ore. vsss ave ne pfopefty OF me eoaatfy. hsvs
ssid tnn mseh tscssss I desirs. - isf az an
csfsea. 70 sfeass tbs people VI me css1ry
Of ImDendins aankef"