River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1888-08-30
sLAINE's BANGOR SPEECH.

UtteranCes and Compares British aud
American Savings Bank Deposits to the :
Dismay of His Opponents How the
Toilers Prosper and Grow Happy Under T
Protection
Hon. Jas 6. Blaine opened tho Bepub- /
lican campaign al Bangor. Ne. on August 7
=, with a fore bic speech on the benefits OF
protection A. he stepped on the platform .
he was enthusiastically greeted b. the /
multitude assembled His speech was as
follows:
FELLOW CITIZENS: In a brief speech
which made in the city OF New York on
The day 81 my arrival from abroad, / re-
marked, as illustrating the superior con
ditiOn OF laboring men in the United
States, that the wage-workers in the
United kingdom Of Great Britain and Ire
land did not have in the savings banks OF
that coUn try as large a sum 70 their credit
as did the wage workers Of the compare
lively small state Of Massachusetts in the
savings banks Of that state. a day or
tw5 aftcrward this pCncerUus and most
sigulii-aIt fact was violently cOntradictcd
by many Democratic papers. They one
and ali perverted my statement BE- imput-
ing % me the declaration that there was
larger r-regati0u of money ia the savings
banks OF Massachusetts than there was
IN the Savings banks Of the British Isles
As happened 70 know quite as We. as the
gentlemen who c0ntraGicted me the exact
figures ia both eases. / was very careful in
making nv statement. and / confined my
self strictly 20 the wage workers in Great
Britain and Ireland, and the amount TO the
credit q the wage workers in Massachu-
sets 10 Will be shown by the part Of
my spccct in the very papers that after
ward "a squoted IT, IL is really in that
special feature as 70 deposits that the pith
OF the whole question lies. Let me now
give the figures Tor Great Britain and Ire
land. ami in doing so I wilI us dollars in
steal 81 pounds. - as 70 make all com
parisous the more quickly apprehended.
and ! VIII give the British depos tors an
ADVANTAGE OF 3 per cent in reckoning the
pound as equivalent 70 -
The total amount at the close Of last year
IN both savings and postal banks Of the
United K ,nCdom was in round numbers,
So. tsl on Bat the whole Of this sum was
by no means 10 the credit Of the wage
workers II the kingdom Under the In
Elish law various other classes are permit
red 10 make deposits both in the savings
aud postal banks. From an authoritative
British publication you may learn that
PERSONS Us Independent means. profession
al men and their wives. may deposit in
These institutions; so also may policemen.
letter carriers, revenue officers pension
Crs and their wives so also may minors
having accounts in their own names; so
also mag females described only as mar
ried women, widows or spinsters;" so
also may trust accounts be deposited.
Including all joint accounts or principally
for minors. so also may persons engaged
IN education, male and female, which in
Uludes professors in universities and col
leEes, PRINCIPALS and teachers in all other
schools. The limit for any one depositOr
is $50 per year, and the amount can not
exceed SI,DO0 with interest What proper
ti0u Tho dcpos Is Of wage workers bear TO
the whole is not officially reported, but,
IN this country, Is simply estimated. /
found in +. gland that the amount belong
ing to actual wace-wOrkers was various
stated, some putting il IS low as 10 per
cent Of the total deposits. while most OF
those from whom I sought information put
IT at about = per cent For the sake Of be
ing Just and even liberal in the cOmpari
sons let up estimate at - per cent. or more
than one third OF the total deposits, sum
equivalent - SiS2 OlO 0OD belongs 20 actual
W. workers in the kingdom. This is an
estimate many millions higher than was
made me by an Englishman Of whom I
made inquiry. Let Us now turn 10 Massa-
chusctts for the other side Of this com
amount Of deposits in the savings banks Of
that commonwealth was more than SII7,
OlNOO aud this in addition TO SIS
O0lUOO in trust companies and CO.
operative banks which also receive de-
posts from wage workers. but Of which /
shall take no note, combining myself to the
savings banks proper, in England there
Is no official statement as u the occupation
Of the dcpOsitOrs, but al the treasury Of
- per cent Of the whole amount or Sl37.-
co. 900. belong to the wage workers Of the
State. In the case Of the British deposit
Ors, / assigned them 10 per cent more than
any estimate which I received in England
80 now let rs reduce the estimate Of the
treasury Of Massachusetts BY 10 per cent
and assign only - per cent to the credit
Of the wage workers Of that State. and the
amount will be found 20 be S20i.O00. 600, or
S24. 00O. 900 more than the amount TO the
credit OF the wage-y workers Of the United
Kingdom I beg you, gentlemen, to take
In the fun force Of this statement / am
making comparison between the savings Of
the wage workers Of a kingdom accounted
the wcalthicst Of Europe, with a pOpula-
ton OF B. Oh. 900 on the one hand, and on
the other hand the savings OF the
wage-vorkers in one Of the small
est States territOrially Of the Ameri-
can Union with population at the last
census Of million and three-quar-
ters tI.7S}. lSll, and only a little more
perhaps than 2OnO0O today The
British artisan working under a system
OF absolute free trade, the Massachusetts
workman working under a well -organized
system Of prOtectiOn-thc figures have
such portcntiOus meaning that IL is no
wonder the fres-trade Democratic papers
fiy from them and reject their conclusions.
But they can not escape. for | am willing
after indicating as / have the correctness
If my statement. as made in New York, to
take the statement which they imputed 10
me, ami ask them % publish the figures
aud the comparisons which are so readily
deducted. Admit, for the argument, that
the whole sum Of S53O. OOl 90 in the saw
iur-s banks belonged 70 the wage workers
Of the United Kingdom, and that ON the
other hand the entire ssii5, 900 in the saw
inEs banks Of Massachusetts, belong to the
wage workers Of that State.
What. then. is the inference! That the
va-c workers among :zS,O00,0OO OF people
have saved the one sum. while the wage
workers among :. rOO,Oo0 people have saved
the other. OF. that nineteen wage-wOrkers
in England have saved $40 while one
0age worker i'm Massachusetts has saved
SIS, -, or that one wage worker in Massa-
Chusetts has saved as much as twelve
wage workers I'm England But l antici-
pate the fling from the Democratic editors
that these startling stat stics are in Mas
sachu-etts. and that she has always been
especially favored in the accumulation Of
wealth Us the protective tariff and has
grown rich al the expense Of other States
of the Union let them, then, turn TO New
York. whose electoral vote transferred the
National Administration TO the Democrat q
PARTY New York has to-day about 6.OO0.-
Ool IF people, or perhaps somewhat less than
onc-sfNth Of the population Of the United
Kingdom Their savings banks contained
at the beginning Of this year S5sl5 COO OOO
or il the exchange be correctly made. the
fun equivalent of all the deposits in the
savings and pOstals banks Of the whole
United Kingdom. II the United Kingdom
had the same proportional amount Of de-
posts in her savings and postal banks as
New York, the sum total would exceed
three tn usaud millions Of dollars tS3 COO
O10Osl. and would almost Offset her gican-
tic National debt
Or. II you please. take another State
which helped 10 give the country Demo
cratic administration Connecticut With
only little over 6l0OnO people at the last
census. she has SlG1.OiU 10 deposited in her
Swings banks Or. II you choose
without further t-nnsiflerfuf- Individual