New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-31
STA TISTICS For WORRMEN.
WHAT PROTECTION HAS DONE FOR THEM

| THEIR SAVINGS AS COMPARED WITH THOSE OF Brit
IsH woRKINGMgv UNDER FREE TRADE.
| In me Edit0r Of The Tribune.
SIR : One Of the most significant incidents IL
American politics OF the present day is the Importance
attached to even the most commonplace uterances
| Mr.. Blaine Almost every word spoken, and everJ
remark made in connection with puzzle affairs by him.
circulated by the press OF this country and thus given
the widest publicity. ibis interest In THAT he says finds
stronger Illustration than the eagoness with which
those political economists who generally termed Free
Traders each any idea he may advance respect
lug the protection OF American Industries Mr.. Blaine
opened the canvass In Maine with speech on August
24h last wherein he made reference 10 the statistics
OF the savings banks OF this country showing the great
strides that the working people have male ~ evidenced
by their deposits In the same. He showed. generally,
that the OF savings In tho banks OF nine states
comprising tho New ngand States NewYork, Pennsyl
yania and New Jersey siaco 1861 from 600OO00O
10 81, 1OO,000,000 He further showed that while the
American worknen In these nine States working under
a protective t.ri6, have over thousand millions OF
dollars savings banks the vastly greater mass or
worklngncn In England ireland. Scotland aud Wales
the whole United King ION, all working under Free
Traie have about four hundred million dollars In :he
aggregate In the savings banks and postal
savings banks Mr.. Blaine then said " These figures
and these d)rs the most persuasive CT arguments
and tho conclusion they teach Is PLAIN that the
running man may read"
The above statement was made already indicated in
general way IN language and form iD which 1t would
be understood by his audtors it predicated on
facts upon statistics accessible to all who take interest
enough the subject to look for the No speaker
OF experience, addressing audience during political
canvfss would think OF wearying Or worrying his
hearers with tabuated statements which lead up to a
general result; hs slways gives the general RESULT this
Mr. Blaine has done in this instance aud forth
Prnra Of
Free Traders this country. sits himself down and
writes a carefully prepared magazine article founded
upon the above noted statement made by Mr.. Blaine
and which article published n the october numbsr OF
The North American Receo. In that article he denies
that there is any relationship etweon the increase OF
savings OF the workngmen of fats country and tho pro-
tective tariff and, it oh .llenges Mr. Baines
statement thus:
If had good Statistics covering sufficient period
showing the amounts dep posted, the amounts drawn,
interest credited, then might, by studying the
fluctuations In the net amount deposited. draw some
nerences to the increase decrease OF the earnings
Of these casses the decrease or rugality
amongst them"
Well. lot whether good statistics " cannot be
furnished Will, for the purpose Of my argument In
support OF Mr.. Blanes conclusion. contne myself
to only one OF the nine States referred to- and give
Professor Sumner the benefit OF tho others. will take
tho State OF New York The deposits in the savings
s5s TO- This the last year of the Democratic
Administration, and Immediately prior to the ntcoduc
ton of the present protective tariff In 1885, under
this tariff the amOlnt in the savings banks reached the
enormous OF Sl37 50l being Increase during
this period OF 34l this Increase being equal to
651 per cent. During the period the Increase o;
population OF the State was, according to the
reports 81 per thus will he til the savings
increased twenty times as fast as the population Up to
1860 the ontre accunulatOns OF tue swings BANKS OF
the state OF Nev-YUk amounted TO SjSl7S, 100. OF
which amount the gng3 banks Of the city of
held Si3)SS.32l, an the s1vnss banks Of tho balance
Of the State hal S01s9,339. In 1885 the amount OF
deposits Aggregated 437 jOl. OF which the
banks OF the cty OF New York are credited with
$40 100000 Tnis that the workingnen OF the
entire state have shared in the general prosperity,
indicated by these figures
rno aggregate OF deposits including interest
credited, from OF the ution the
banks III the state OF NewYork up to the year
1860. covering period Of nearly fifty wears,
$3.50, 269,27D The aggregate cunt deposited from
1850 to ls53. being in the era OF the protective tariff
49, 9.9035, being nearly twelve times tho
amount deposited in the first period The amount OF
iHeret credited to the depOsors FROM 1860 1856 was
81 70, J0G26l, leaving the amount OF ac ual money
deposited during this perioI $2.5lO972,77L During
this last period nearly billions and eight hunlrd
millions 2,7Iss7l534) OF dollars, draw u from the
savings banks. This money largely into the
channels OF trade ami commerce, ana in small pro-
portion WIS invested in real estate This money made
merchants AM manufacturers of our wOrkngmen who
in turn employing Others, and It goes Ou 1t VIII
be seen by those suIo. which are taken from the ohca
reports OF tue state, that the amount credteu
during the past twenty five years IS r27J006, pol,
while the aggregate deposits, iucluding interest
credited for the years from 1919 to leGO amount 20
$3.50. 269.279.
since tne institution Of savings banks in this state and
these banks Aggregates T3. l662 1911 OF which SUN
So, 1888 979035. or 81 zee cent, been depostel
Turing the past twenty-five years and III The present
FRA OF the protective tariff Now lot me compare tho
prosperity OF tue American wOrkngmen OF ths state of
New YORK. shown by their savings. with Of the
vorkinsncn Of Great Britain, the Latter enjoying the
rec trade spocy. The amounts In savings banks in |
ho years named below was:
1860 1855 Increasc
Iew York....... $5s l7slG0 $iS1lO1j0l s$7s92g 5ll
treat Sl9j69OjOl Si35OOOO0O S23J3O9 1919
1t is well remember that in Great Britain arc compre-
,eDded England, ireland, scotland. Wales and the
jhanuel Islands. The increase Of population in the
tate OF New YORK. for The above perOl 81 cent,
he increase of savings 65l cent Tie increase
II population OF Great Britain during the same period
vas 20 per cent ana the Increase o. savings was III
emf 1t is well here to note that the population Of Great
britain Is 4S2 while the population o; the state OF
'ew-lors IA DOe3.sI The nanDer OF persons en-
oyed In Great Britain Is l5,lsl.lO3 while tie number
I persons employed in the state OF New-York is
let us now compare tho progress of ths worlngmen
8 by their savings OF the greatest or all free |
ade countries Di the world 10 when college professors
uch Mr.. Sumner and other advocates OF free trade
light to point. an example ~ follow, with that
OF the single state of New York. have
nd are enoyn the blessings OF protective A. aud
mat do we ull
la 500 being Immediately prior to the Introduction
the protective tariff the population OF the state OF
loyed was l.335.569. Tue deposits in the savings
,nks at that tine aggregated hfty -eieht millions OF
Olars. At the same time Great Britain, with poput-
on of 30 32l ,2sS Uf which IL 762,ll3 PERSONS were
mplOyed, had two hundred millions of dollars IN her
lyings banks. Let us look at the situation rhe
tate OF New York has population OF OS2,s7l, Great
rtsin has population OF 322ai.ts2, or seven times
great that or New York. The number of per-ons
Dyed In tue State OF New York Is ,Ss4,6i5 the
lumber employed IN Great Britain IS 10 JOB. or
than eight times many are employed IN tho |
tate Of New-York and yet turing the period |
reat Britain being under fres trade ami New York, "a
nge state under. protection. mud that the savings
Great Britain (Which comprises England, Ireland |
,oand, Wales aud tne.Chinnel Islands have increased
ut two nunGred and thirty-ive millions (235. 1909 I99
dollars, while the savings OF the wording people OF
CIV. York state and would repeat, a single State OF
great Union have Increased three hundred and
QOl dnllara Va Ind