The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-08-24
Which Demonstrate the Truth of His Recent
Statement as to Comparative Savings of
English and American Wage Workers.
Splendid Showing of the United States
in Comparison with Great Britain.
A Magnificent Presentation of Facts and Fig
ures Which Will Delight Republicans
and 0verwhelm Democratic Cayilers.
JAMES q. BLAINE.
The Maine Statesman Tells Some Things II
Knows About Savings Banks.

Il.
The Maine Statesman Tells Some Things He
Knows About Savings Banks.
BANGOR, Me-, Aug. 23-After two days of
rain. to-day opened clear and cool, and but for
the muddy streets the conditions would have
been perfect could be desired for the Re-
publican demonstration. Mr.. Blaine, accom-
panied by his sons. Walker and James, Colonel
Coppinger, Hon. George B. Loring and DR..
Dosne, Of Massachusetts,, arrived on the train
from Augusta at noon, aud was escorted to the
residence of Hon. c. A. Boutelle by uniformed
clubs. accompanied with band The speaking
OF the day took place 10 Center Park, where
stands had beeni erected and seats placed A
crowd, estimated at from 5000 to 6,000
persons, had assembled and packed the
space in front OF the speakers stand
When Mr.. Blaine was seen approaching
the audience broke into applause and the baud
struck up "Hail to the Chief" As Mr.. Blaine
stepped on the platform ringing cheers were
given. The meeting was called to order by VI.
G. Trask chairman Of the city committee He
introduced Hon. Lewis Barker who introduced
Mr.. Blaine as the Grand Agammenon Of tho
Repu blican forces, the shepherd Of the people,
our own James G. Blaine Applause and
cheers. His speech. which follows, was written,
and he confined himself closely to the manu-
script which he had in his hand. A slight
hoarseness was noticeable during the latter part
Of the speech. and once be stopped for minute
to ask president Barker for troches The speech
was as follows
"Fellow Citizens-In q brief sneech which l
made in the city of New York, On the day OF
my arrival from abroad, / remarked, as
illustrating the superior condition of laboring
men in the United States. that the wage-work-
ers In the United Kingdom Of Great Britain aud
Ireland did not have in the savings banks Of
that country as large q sum to their credit as
did the wage-workers Of the comparatively small
State of Massachusetts, in the savings banks Of
that State. day or two afterward this
ponderous and most significant fact was violent
ly contradicted by many Democratic papers.
They one aud all perverted my statement by
imputing to me the declaration that there
was larger aggregation OF money in
the savings banks of Massachusetts than there
was iu the savings banks of the British isles
As l happened to know quite as well as the gen.
tlemen who contradicted me the exact figures in
both cases. was very careful In making my
statement, so i confined myself strictly to the
wage-workers In Great Britain and Ireland, and
the amount to the credit of the wage-workers in
Massachusetts,. IL will be shown by the report
OF my speech in the very papers which after
feature of the deposits that the pth of the whole
question lies. Let me now give the figures for
Great Britain and Ireland, and in so doing will
use dollars instead Of pounds, SO as to
make all comparisons the more quick
ly apprehended. and will give the British
depositors an advantage of per cent. in reck-
onirg the pound equivalent to So The total
amount at the close of the last year in both the
sayings and postal banks of the United King dom
was, in round numbers, $500. 000, 600. But the
whole Of this suS1 was by no means to the credit
of the wage workers OF the Kidgdom. Under,
the English law. various other classes are per-
mitted to make deposits, both in the savings and
postal banks. From an authoritative British
publication you may learn that persons of inde-
pendent means, professional men and their
wives, letter-carrers, revenue officers, pension
ers and their wives: so also may minors having
accounts In their own names: so also may fe-
males described only as married women. widows
or splnsters; so also NAV trust accounts oe de-
posted. including all joint accounts or princi-
paily for minors SO Also may persons engaged
In education. male and female. which includes
professors In universities and colleges, priuci-
pals and teachers in all other schools The
limit for any depositor is Sl50 per year.
and the amount cannot exceed 81, 600 with inter.
est What proportion the depositors of wage
ported, but, as in this country. is seemingly
estimated. L found in England that
the amount belonging to actual
waRe-workers was varously stated-some
posits, while most of those from whom sought
information put it at about % per cent For
the sake of being just. and even liberal in the
comparisons let US estimate it at 80 per CENT
or more than one third Of the total deposits--a
sum equivalent to $lS2, ,000, 600, belonging to
actual wage workers In the KINGDOM. That is
estimate many millions higher than was
made me by an Englishman of whom made
inquiry
q c1o caof
last year the total deposits in the savings banks
of that commonwealth WIS more than S3l7 OOO-
600. and this in addition to $5S 000 600 in trust
companies and cooperative banks. which also
received deposits from wage workers but of
which shall take no note, confining myself to
the savings banks proper. AS iu England,
there is official statement as
to the occupation OF depositors, but at the
treasury Office of Massachusetts, IL is estimated
that 20 per cent of the whole amount,
OF $237. 600, 600, belong to the wage-worke.s
of the State. In the case Of the British deposit
tors, assigned them 10 per cent. more than
any estimate which received In England. So
now let us reduce the estimate of the treasury
of Massachusetts, by 10 per cent. and assign
only 90 per cent. to the credit of the wage work
ers Of that State, and the amount will be found
to be s206 600, 000 s24. 600, 600 more than the
amount 10 the credit OF the wage-workers of the
United Kingdom.
II beg you, gentlemen, to take in the full
force OF this statement | am making compari-
son between the savings of the wage-workers of
kingdom accounted the wealthiest of Europe.
with population Of 49, 000 900. on the one hand,
and on the other hand the savings of the wage
workers In one OF the smallest States, territori-
ally, OF the American Union, with population
at the last census. of q million and thrseuuar-
ters II, IS30S5l, and only little more, perhaps,
than 100000 to-day. The British artisan,
working under a system of absolute free trade,
the Massachusetts workman working under o
well organized system of protection-the figures
have such portentious meaning shat it is no
wonder the free-trads Democratic papers
hy from them and reject their conclusions. But
they cannot escape. for am willing, after vim
statement, as made in NewsYork, to take the
statement which they imputed to me, and ask
them to publish the figures and tho comparisons
which readily deducted. Admit for the
argument that the whole sum Of $500 O00 900 in
the savings banks belong to the wage workers
OF the United Kingdom, and that on the
other hand the s3l7, 600 600 in the savings banks
of Massachusetts belong to the wage-workers of
that State. What then, is the ipfereucef That
the ge-workers among thirty-eight millions Of
people have saved the sum, while the wage
workers among two millions of people have saved
the other; or that nineteen wage-worksrs in
ENGLAND have saved $780, while one wage worker
in Massachusetts, has saved $50 80. or that one
wage-worker in Massachusetts has saved as
much as twelve wage workers IN England.
"But anticipate the fling from the Demo
cratic editors that these startling statistics are
in Massachusetts,, and that sho has always been
especially favored in the accumulation of wealth
by the protective tariff, and has grown rich at
the expense of other States OF the Union. Let