New-York tribune., 1880-10-29
III E1rLNGS ElNK hApO1LTORS.

No doubt many Il sayp IS bank drp0Sltor,
whose n.O"eJ Is laid away III one ot the great
SWINGS Dtuks Ci Ncw-lrlG or BrUOnyn, say,
I'd himself thai, 10 matter now DcnJcrduc
victory might nur1 b"ouc3>, 1t could not mJue
his blnA account. 1t mm read these lew
figures, wncn may ehcd some llgnt upCr that
auul l.ct
lhc sayngs banks in Newlork Stalc
nave invested in United States bonus, at
par. %I2O,OO0,OOO; At market value,
Sl.2tOO.UUO. f.o numUcr OF depoShOrs
.Ju.v |. 1850. wa, 81, 900 The saVlu4s
Dauks IN New-i ork City nave in THESE bonus,
at Lar, S13,j0O, 900; at market vaiuc
S7g. 40. 600. Ine tOal number OF city d.
po,fo.s jay was 453. .4j3; he total am0unt
of 1t puslt, W the cIty, 4lSIJlG,O0O. Forty
ccui> Opt of every dOiai dcpJs.Jcd n tue say
ms, banks ot N,w-YOrh CIy aft invested IN
Coye.n.nrno Onds. Inc savings banks o.
kr-s COan.y hOh, IN Government bonds Al
uar - 800 900; at tie market price,.
.523.6JO. 600. Inc depOsl or, u tuCe" banhs
JoAy |, 1850, numocr,d 1JIZ@O, ana the de-
uo,i1, amounted 10 P5G641OU0 here also
almost 30 cents on cvcy dollar are invested
A. Government bonds. IN NcN-1Olh and
iluEs Comfy, Therefore, $4,000 sayIng>
b.nk dcpo,iJo.s hOld $I03. 900. 900 at market
Drlres lr Government ponds. EyJ.y one Oh
tbr.e totn Is Interested III seeing the pIIce OF
rhe.r bond, Sustained, lOI, as We have sad,
nearly one hall 0i ey-ry dollar he hos 81 Il say
in.s uank Is luyes Ell IN thcm Jucr prlcc ls
nnyays strengthened Dy a he ubl.ctu yIc.OIy,
and always ,naEea 5y Dem"crAtc ylctOIy.
lnur piOud position to-day IN tGc uarKe,S ol
tne world is the work MT.ely OF Repnhh, dn
i'm ncieis and 1t has been achieved IN spite OF
the persistent opposition OF the Democratic
ual.y % almost every heal,n,ul lnc necessary
financial measure ever proposed III Congress.
W.ich Is the saior cOurSe-tO leave The Gov
clrmcnt IN the hands OF tne men who have uade
Government bonds worth wuat they are u to
pu it mo lhc hands OF men who may exhaust
ihe Ire Slry Ilth thousand schemes OF III
teiual improvements N the South, with The pay
ment of claims, etc, amt VINO Will, at the hest,
b. sure to leave the credit OF the GOycrnm"m.
worse of than they found in
How many savmes bank dep0sitoIs are there
who know that tue savings banks of these tWt
cities have already suffered heavily through
the financial methods OF Southern Democrats Z
| The reporis of the Bank Superintendent for
| 1876. 1877, 1873, and 1879, show tnat eight
savings banks IN NcN-YOIk and King, Counties
invested money in The bonds OF Alabama,
Arkansas Georgia, Louisiana. North Carolina,
South Carolina, and Tennessee. Some of the
Investments wcrc made before the war: some
in bonds ISSUED before the war; some IN HOnGs
issued after the first sealing down was made by
the States. These eight banks held Sl,21S6l
in these bonds, which were then appraised ~
only 3Gj. 900. Since then many Of chem h3v Q
been r.pudiated entirely, and some are still IA
default on their interest. The Mechanics and
Traders Bank failed because Of 10 losses IN
Souiheia bonds. The Sixpcnny failed, and lost
many thousands of dollars through them. The
total lo.s on all is likely to foot 40 $l,0O0,000
all e which comes out Of the pockets Of
New York and Bio0klyn savings bank de-
poStJIs.
Dors tLt depO.itor in the solvent banks OF
10 day asa how this concerns him Simply
because the Democrats OF the South whO com
uiitcd those nets of reputation delbe ately and
without shame, to-day control the Congress OF
the United States. Every important measure
which Is supported by the Democrats of that
body is first submitted to the caucus. When
, eyerv DemuCrauc Senator and Representative
is present, this consists OF 100 Cor gressmcn, and
1876 Of them are from the South. Twenty-Five
committed chairInen out of fOrtytwo i'll the
House, aud seventeen out of twcntye .ght in the
! Senate, are Southern men. The Southern
Democrats control Congress now "a absolutely
n they would control che President if General
| Hancock should be elected. They favored these
! acts of reputation at time when most, il not
all. of the States were ablo to pay their debts
! Reputation is not regarded as theft in tie
South they call it readjusing," and have nc
horror of It. Does the New York OF Brooklyn