Savannah morning news. [volume] (Savannah) 1868-1887, 1884-03-03
snme Fnots fnr the Protectionista.

Some Facts for the Protectionists.
Mr.. J. S. Moore, who is writing in the
New York Times what he calls postscripts
on Mr., Robert p. Porter's English letters
on the ruin OF England by free trade, now
and then presents some very VaiuaOle
statistics. They must be very interesting
to Mr.. Porter, because he does not appear
TO have discovered them when he was
writing his letters from Europe 70 the
New York Tribune IN favor OF protection'
and because they seem TO show condl-
ton of affairs very different from What
his letters showed. MIR. Moore compares
the situation of the English people, with
respect to the Savings banks, under pro-
tective system and under practically
free trade system. He says:
In 1871. that happy year when in Eng
land everything was protected and many
things prohibited, when the navigation
laws were in force, the savings banks OF
Great Britain and Ireland held toJaI
amount of 924,474,6S9 as the people
savings. Now, the population Of Great ear
Britain and Ireland in 1S4l was 70, 10 ,OZo
souls. 1t therefore follows that this was
within a fraction of 1Ss. Cd. per capita.
Porter. had been suffering from the PERM
ciOus policy of free trade, the hgures are
as follows: The total savings held by the
most office savings banks and the trustees
banks were &83, $3.50, 4O2.
The population OF Great Britain and
Ireland in 1882 was 80, 2S9 $50. 1t there
fore follows that there was e IS. Cd. per
capita held by the sayings banks, as
against 1885, Cd, a difference of + ! 81 Ia.
per capita in favor 81 IsS2.ef If these saw
ings are further zastsl zeJls We silnp sun
more interesting SiHf0rmatiDn. FOE IN
stance.IreIand5 t4fst byefree trade rumed
country, had 4 APPROPRIATION Of S,l55,521 in
the year 1Sil.S 5and the total amount OF
money she had in the savings banks an
| 1871 was { :, 392, 302, which $g rave lyithln a
fractiQuofS per capItfttss 1ooZ'
ars Qf.iffd tilnes aHue I'm;
iffhe popuiattons of Ireland had dwlndled
/ down to 5.697, 730 sOuls;Sbut her savings
| in post office saVingstbanks ana IN the
/ trustees banks stand as follows:
In the trustees banks ........ f2O OSz iia
! In the post oilice savings banks l,9Z5,46O
Total ........................- f4,OOl'Sl4
which gives within a fraction OF los. oAd'
| per capita. ,
! cotton spinners, ship builders and iron
/ producers, whom free trade ought to have
| killed long ago. Well, in 1871 the total
| savings held IN Scotland by the savings
/ banks was f60S, 500 The population OF
Scotland in 1S41 was 2,000,69 souls, which
gave about As. Sd. per capita. In 1882 the
| total amount in Scotch savings banks
| was:
| In Trustees savings banks. .....-.. II OH ,5ug
/ In not ofica savings banks ...... ISL, lG7
Total. L ,s62' l9'
The population of Scotland in 1881 was
| 3, 1888, 400, which gives about 81 lOd. per
/ capita.
The per capita savings in England and
Wales in 1S41 was about 81 Is. 3D.. per
! capita. In 1882 it was about g Ids. "a.
per capita. Such is the remarkable state
! of affairs of the relation of the holdings OF
peoples money by the savings banks IN
/ 1871 and 1882, respectively, in Great Brit,
ain and Ireland. OF course, my esteemed
/ friend, Mr.. Porter, was so busy looking
after the paupers and starving people IN
/ England, and dining with fair trade lords,
/ that he had no time to lsOk into the dry,
matter-of-fact, tell-tale savings banks.