Sacramento daily record-union., 1888-08-24
FACTS AND FIGURES.
Blaine on the Savings of English and
American Workers.

Diaihe On tne Savings OF English and
American Workers.
lCopyigat, 1888, 5y Ge aEtornia Asso-iatef Prerr
BANGOR (Me}, August 23d. - To. 6ay
opened auspici0asly for the Republican
meeting and the reception to Blaine.
Hearty cheers greeted Blaine as he ascended
rhe platform. Hon. Lewis Barker intro
duced him as 1.-THE grand Agamemnon of
the Republican forces--the Shepherd ofthe
peop@er our own James g. Blaine" Turzs,lt-
uouS applause ensued.
Blame confined himself closely to His.
manuscript, which he held in one hard!
He was. listened to atteatively, and at va.
T1ous points was raptU-ously applauded.
He was slightly boarse tc~ard the close Of
his address, which he opeEed by referring to,
his address IN New York, where he stated
that w8ge-wOTker ers in the United Kingdom
did not have In the savings banks as large
sums to their credit as tEcswage- workers
IN Massachusetts. He raen alluded
to the contradiction of this state
ment by Democratic papef1, and went
on to say "The total amount 1t the close
of last year in both the savings and postal
banks of the United Kingdon was, in
round numbers $500, 900 900, but the whole
OF this-su was by no means to the credit
OF. the wage work ers of the United King
dom. Under the English law various
other classes are permitted to make depos-
its, both in the savings and postal banks.
The limit for any one depositor is $3.50 per
year, and the total amount cannot
exceed 81, GOO with interest. What
proportion the wage-workers bear to
the whole is not officially reported, but
as in this country-is simply estimated. | |
found in England that the amount belong
ing TO the active wage workers was vari-
ously stated, some putting it as low as ten
per cent. of the total deposits while most
of those from whom 0 sought the informa-
ton put it about twenty-five per cent. For
the sake of being just and even liberal in
the comparison, let US estimate it at
thirty five per cent, or more than one
third of the total deposit, sum equal to
$1S5I 5I000;o00 belong to the wage workers
in the Kingdom. That is an estimate
many millions higher than was made to |
me by the Eoglishmen Of whom l made in.
qpiry. Let us now turn to Massachusetts !
tor the other side OF the comparison. At |
the close of the last year the total amount |
deposited in the savings banks of that COM |
monwealth was more than $317 ,000, ,0O0, and |
this in addition to sos, 500 ,O0O0 in trust |
companies and CO. operative banks, which |
also receive deposits from wage-workers,
but of which l shall take no note" Blaine |
said that, admitting for the sake of argu-
tie the English wage-workers and 1870 00O- |
800 to the Massachusetts wage workers, the |
former represented savings among the |
workers of 3S;0o0y000 of people, and the |
latter only among 100000, show |
ing that every Massachusetts, worker |
has saved as much as twelve Englishmen. |
1t is said New York has $500, 600, 900 !
on deposit, Connecticut $102, 900, and |
grouping New York with the New Eng |
land States the aggregate amount of saw |
ings is 81, ,1O0,O00,o00. Seventy five per cent |
of this amount in every State except Con- !
necticut belongs to the wage workers, but |
taking sixty-five per cent. as the average and |
it yields total of $3.50, ,000,00 in the banks |
of seven States credited to the wage |
workers as the result of twenty eight years |
OF protection-nearly eight times the |
amount gained under twenty eight years
free trade in the same States. The popula- |
ton of these States at the close the long
era of free trade was 7,250,000. Now, at
the close of twenty-eight years of protection |
1t was probably IL 100000.
A STRIKING COMPARISON.
The wage workers of these States, toll |
ing under revenue tariff such as is recon- !
mended by the President had earned for |
each person surplus amounting to $13, !
while the wage-workers for the latter |
peIlou' 1uueT u protective taTlH, naQ earned I
$50 per head for the total population In |
other words, the average wage worker |
under the protective tariff in the United |
States has been enabled to earn four times |
as much as the average wage worker under |
a mere revenue tariff.
Blaine then proceeded to show that dur
ing twenty years of the protective tariff the |
wealth had increased in far greater ratio |
in seven agricultural States of the West |
than in the seven manufacturing States |
first under discussion. He also alluded to |
the present prosperity of the South and the |
development of manufactures in that ter
ritory as evidences of the benefcence of the !
protective tariff
AT the conclusion of Blaine's speech ad- |
dresses were made by J. A. Kasson of Iowa, |
G. r. Loving of Pennsylvania and others. |