Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-05-18

! $3.50. 900. 600 Of capital; they psy les:
| than $50, 1000, coo yearly for wages, and the
+ ctal annual value Of their production Ii
only Ss20,000,000. Let me make the
other
POINT OF COMPARISON.
find that the total estimated true val.
uation OF all the property in the country
In 1880 was about S44 600 100000, the
assessed valuation being Si7, 0OO, 0OC 900,
or about thirty per cent OF the whole.
OF this property the six New England
states had $4,000. 600, 900 and the twelve
southern states s6, 900, 900 900, but the
$1,000. DOC, 900 of New Boglapd property
Was assessed for taxation at 50 $50, 000,-
900, while the $4,000, 900, Oee OF the south
were assessed at only S2.229, 000,-
900. Thus 1t will be seen that
the six New England states,
with less than 5000 900 OF people, pay
In revenue to the government more than
the twelve southern states, with ever
$4,000. 900 OF people. Might it not be
we'll for some OF cur southern friends on
the 4 )or, when they are talking OF the
rob cries and extortious of New England
manufacturers, to psy little attention
to this circumstance and explain how it
happens that S5, 0O0, ZOO, 900 of northern
property should be worth 1920, 1000, 900
more for the purpose Of taxation than
sc. 600, COO. 900 Of southern property? Let
me also Gail attention to the fact that
there is in New England
FORM OF BANKING
almost exclusively for the protection of
the earnings Of labor. The New England
system of savings banks stands apart
from all other financial enterprises. The
savings banks in these six states hold In
trust the enormous sum of S575, 000,0 900,
or considerably more than one-half the
amount in all savings banks of the coun-
try, which aggregates S1,37s. 900, 900. In
the report of the Comptrolle,I of the Cur
rency dnd mention Of but one savings
bank in the southern states, having on
deposit S1l,672 There are in the
United States forty-two official trust
companies, aggre. sting about S24S,-
900, 900 of resources. Nineteen Of these
companies, representing $57, 0O0. 900, or
nearly one-fourth of the whole, are In
New England. There are none in the
southern states, and for trusts and guar
antees they rely on the north. In New
England there is deposited in savings
banks over $3.50 for every man, woman
and Child,
WHILE IN THE scUTH,
upon the basis OF the figures Of the Comp
troller, the-e is just shout one-fourth OF
q cent per cspita. This immense fund,
1915, 1000. 900, represents to a large ex-
tent the earnings Of the lsboring classes
Including the farmers) of New Endlsnd,
and is Of itself the grsn1est possible trib-
ate to their industry, thrift and
And when are added |
he millions of New England |
capital invested in loans, in property In
western cities and in western, southern |
Ind trsnscontinental railways, some idea |
ian be formed Of the prosperity of her
people. These are hard, stubborn facts,
or which the tenth census is responsible. |
New England farms have long been care
uily and intelligently titled by the hands
II free men, and, Notwithstanding the |
sterile soil and early frosts, she produces |
DER acre twice the yield of wheat, corn,
,sts and rye that is credited to the south. |
New England farmers, Nsw England me-
hanics and New e Igland workipgmen |
re all prosperous, the result Of DIVERSE
led Industries and ready markets.