Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1888-08-24
News by Telegraph
FROM ALL QUARTERS.
TIE FIGURES PROVE II.
Our Workmen Save More
Than EngIishmen Can.
Mr.. BLAINE Was RIGHT.
He Scores Another Point For
Protection.
A MESSAGE TO CONGRESS.
President Cleveland On The
Dead Treaty.
| MESSAGE TO CONGRESS-.
a mAsrERLx ADDRESS.


Farmer Has Bigger Bank Account
Than His English Brothers Ground
Down by Free Trade.
BANGOR, Me-, Aug. 23.-After two days
of rain to-day opened clear, cool and but for
the muddy streets the conditions would have
been as perfect az could be desired for the
Republican demonstration. Mr.. Blaine, ac-
eompanied by his Sons Walker and James G.,
jr., also Colonel Coppinger, Hon. George B.
Loring and DR.. Doane of Massachusetts. ar
rived on the train from Augusta at noon and
were escorted to the residence of Hon. G. A.
Boutelle by uniformed clubs, with band.
The speaking of the day took place in Gem
tral Park, where stands had been erected and
seats placed. A crowd estimated at from
5000 to 5000 people assembled, packing the
space in front of the speakers stand. When
Mr.. Blaine was sesn approaching the audi
ence broke into applause and the band struck
up 'Hail to the Chief" AS he stepped on
the platform ringing cheers were given. The
meeting was called to order by II. g. Trask,
chairman of the city committee, who intro
duced Hon. Lewis Barker, who spoke for
twenty minutes. He introduced Mr.. Blaine
as "the Agamemnon of thu American forces,
the shepherd of the people, our own James
G. Blaine" applause and oheers.) His
speech, which follows, was written, and he
evidently confined himself closely to the
manuscript which he held in his hand.
Fellow citizens: In brief speech which
made in the city of New York on the day of
my arrival from abroad, remarked, as Illus
trating the superior condition of laboring
men in the United States, that the wage
workers of Great Britain and Ireland didn't
have in the savings banks of that country as
workers of the comparatively small State of
Massachusetts, in the savings banks of that
State. A day or two afterwards this ponder
Gus and most significant fact was violently
contradicted by many Democratic papers.
They one and all perverted my statement by
imputing to me the declaration that there
was larger aggregate sum of money in the
saving banks of Massachusetts than there
was in the savings banks and postal banks of
the British Isles. AS happened to know
quite as we'll as the gentlemen who contra
dfcted me the exact figures in both cases I
was very careful in making my statement,
and I confined myself strictly to the amount
to the credit of the wage workers in Great
Britain and Ireland, and the amount to the
credit ofthe wage workers in Massachusetts
as will be shown by the report of my speech
in the very papers that nisquoted it.
deposits that the pith of the whole question
lies. Let me now give the figures for Great
Britain and ireland, and in 30 doing will
use dollars instead of pounds, so as to
make all comparisons the more quickly ap-
pretended and will give the British depos-
itors an advantage of three per cent. in reck-
oning the pound as equivalent to! five dol
lars.
The total amount at the close of last year
in both the savings and postal banks of the
United Kingdom was in round numbers
$500, 600 900, but the whole of this sum was
by no means to the credit of the wage work,
ers of the Kingdom. Under the English law
various other classes are permitted to
make deposits both in the savings and postal
banks. From an authoritative Brit
ish publication You may learn that
persons of INDEPENDENT means, professional
men and their wives "msy deposit in these
institutions; SO also may policemen, letter
carriers, revenue officers, pensioners and their
wives" So also may miners and many others
(which Mr.. Blaine enumerated). The limit
for any one depositor is one hundred and fifty
dollars per year and the total amount cannot
exceed one thousand dollars with interest.
What proportion deposits of wage workers
bear to the whole Is not officially reported.
Some put it as low as ten per cent. of the to-
tai deposits, while most of these from whom
I sought information put it about twenty-five
per cent. For the sake of being liberal let
than one-third of the total deposits, sum
equivalent to $1S2, 900, 000 belonging to act
ual wage workers in the kingdom. That is an
estimate many millions higher than was made
by an Englishman of whom I made enquiry.
FIGURES PROVE THE POINT.
Let us now turn to Massachusetts, for the
other side of this comparison. At the close
of last year the total amount of deposits in
the savings banks of that commonwealth
was more than $317 ZOO, 900, and this, in adj
dition to sos, 900, 900, in trust companies
/ and cooperative banks, which also receive
| deposits from wage-workers, but of which
shall take no note, con6niDg myself to the
4 savings banks propN. As In England, there
/ is no official statement as to the occupation
| of depositors, but at the treasury Office of
/ Massachusetts it is estimated that seventy
per cent of the whole amount
| $685., 000, 900 belongs to the wage workers Of
| the Stats. In the case of the British depos-
itors / assigned them ten per cent. more
| than any estimate which 1 received in
| England Now let US reduce the esti-
| mate of the treasury of Massachusetts by
1 ten per cent and assign only sixty i've per
| cent. to the credit of the wage-workers of
l that State and the amount will be found
to be 5000, 900, or $24,000,000 more than
4 Thu amount to the credit of the wage
1 workers of the United Kingdom.
beg you gentlemen to take in the full
1 force of this statement. / am making COM
| parison between the savings of the wage-
workers of kingdom accounted the wealth.
| lest of Europe with population of 3S, 000,-
/ 600 on the one hand, and on the other hand
| thu savings of the wage workers. In one of
/ the smallest States territorially of the Amer
4 lean union, with population at the last Gen.
| sus of million and three-quarters Il ,7S3, :
1 OS5) y What then is the In
| ferencea 1t is that nineteen wage-workers in
/ England have saved two hundred and sixty
dollars. while one wage-worker in Massaohu-
sets has saved one hundred and fifty eight
dollars and fifty cents, or that one wage
worker in Massachusetts, has saved as much
as twelve wage-workers in England.
IN OTHER STATES.
Take another State which helped to give
the country Democratic administration.
Connecticut with only little over six hun
dred thousand people at the last census has
$102, 000, 900 deposited in her savings banks;
Tor, if you choose, without considering fur
Their individual States let us group New York
| with the six New England States and you
| will find that the aggregate amount in the
savings banks of the seven States To-day is
81, 100, 200. 900. The amount in these respec-
tive States belonging to wage workers in
every State except Connecticut is reekoned
at seventy Eve per cent. Connecticut esti-
mates sixty-five per cent, while in New York
the estimates exceed eighty per cent, but to
make the statement abundantly safe take
sixty-ive per cent. for the whole and you
have over 81, 715, 900 in the savings banks of
these seven States credited to wage workers.
To state the fact in other words you find an
American population of II, 100000 in which
the present savings of the wage workers are
times great the say sao nea q the wags
Great Britain and Ireland.
At this point the Democratic advocate OF
free trade answers that these great gains to
the wage workers came from their industry