Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1888-08-31

ers Of the comparatively small state ol
Massachusetts in the savings banks of that
state day or two HtterWard tins pom
deruus and most significant fact was vlu
lrutly cuntrudictcd 10y many Democratic
papers They one and all perverted my
statement by imputing to me the declara
tiuu that there was larger aggregate sun
ui money III the savings banks ol Massa
chusetts than there was in the saving
banks aud postal banks of the British isles
As happened to know quite as well as Tia,
gentleman who cuntradictcd me the exact
figures in both cases, was very careful in
my statement. and | confined my state
nent, and confined myself strictly t" th,
amount to the credit tn the wage workers
IN Great Britain aud ireland and the
amount to the credit to the wage worker
IN Massachusetts, as viii bee shown 10y tn,
report of my speech in the very neWepa
ppr, that aftprvard misVuuted At. 1t !, re-
ally II that sp. cial feature ui the deposit'
that the lnth of the whole question lies
Let me uow give the figures for GreaI
Britain aud ireland, and 80 SO doing J Wil
use dollars instead ul pounds, >oas To- MAXI
all comparisons the more quickly apprc
h.ndrd. aud ] will give the iirtish dep">
lturs an ad, nntage Of three per cent %
reckoning the pound rs equivalent {" -
The total amount at the close of last yeai
in both the savings and postal banks ol th'
United Kingdom was IN round numbers
Sl9O. 600 900. but the whole of tins sun
was hv NO means tu the credit pi the Naso
workers of the kingdom under the ltnglioi
law NHriuu, other classes ARE pctmltte'
to make deposit, both in the saving am
postal banks From an authoritative BRIT
ish publication yuu may learn that per
SONS Of independent means, prpiesslona
men and their wives, may deposit IN thr~'
institutions. So also may minors havln-
accounts in their own names, ~o also may
females described only as married women
widows or spnsters, 50 also may 'tru~
accounts Ice deposited, including all JOIN
accounts or principally for minors. -o ais
may persons engaged in education, mail
and female which include. professors %
uuivrrsitir, and colleges, principals au'
t"nchrr- in all other ~chsul- SD also mn'
'polcrmeu, letter carriers, r"vruuo uNI
GERS, ppusuuer, and their wives.
The limit for any one drpo~itor is li'
per year, aud the total amount cannot eN
cord $1,000. with interest Mhat proper
tiou the deposits of wage workers bear t'
the " hole iS not officially reported. but. "a
in this country, is simply estimated.
found IN England that the amount belong
ing to actual wage workers was vari"ush
stated some putting IT as low rs 10 pei
cent Of the total deposits, while most o
those from whom ! sought information pu
it at about - per cent. For the sake q"
being lust aud even liberal in the cumpari
SONS let Us estimate that - per cent, or mor'
than one. third Of the total deposits, "A sun
equivalent tp ; lS. uOO, 900 belong t" actu"
wage. workers iu the kingdom. That is an
estimate many millions higher than Wa
made me hy an Euglishman of whom
made inquiry.
Let us now turn 10 Massachusetts, for th'
other side Of this comparison. At the rlu>'
Of last year the total amount Of deposit
in the savings banks Of that commonwealth
was more than S3ii 1000, UDO-aud this il
| addition to SjS oOO. 900 in trust cumpauie
and cooperative banks, which also receive
deposits from wage workers, but Of whicl
! I shall take no note, confning myself =,
the savings bank, proper As in England
| there is no official statement ns to the occu
patton of the depo>itnrs, but at the treasu
| ry office Of Massachusetts It is estimate'
| that - per cent Of the whole amount. OBJ
| $2:1. 600 UOO belong 20 the wage worker
| If the state In the case If the Brti~l
dcpn,itors, | assigned them 10 per cen
more than any estimate which received 70
| England So now let MS reduce the c~ti
mate of the treasury Of Ma>sachu,ett, b,
| 10 per cent and assign only % per cent T.
the credit uf the wage workers of tina
state, aud the amount will Ice found to To-
| S2uG. .UpO. .UOU or 81, 600, OOO more than th
amount to the credit of the wage-workrr
! uf the United Kingdom.