St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1890-05-24
OR WHAT

The social standing and political
rank Of Senator-elect White give Al
unfortunate importance to the mis-.
information with which his anti-lOt.
terry speech was studded that car
hardly fail of much more harmful
consequence to the general public
than to the corporation for whose
hurt it was devised. The German
Gazette says Of one part Of it:
SENATOR WHITE AND THE SAVINGS
BANKS.
Saturday evening the mOralists
held another a~nti-lottery pOw-wOw
at Grunewald hall. and on this oc-
clsiOn unmasked their heaviest gun
in the person Of Senator f. ID.
White. The speech of the famous
politician and bosom fri md Of His
Excellency, was a sad failure and
has decidedly benefited the Lottery
Company more than damaged it
for not one Of his allegations could
face the judgment Of sound COM
m IN sense. The Senator had his
head well washed by the English
papers and We will therefore conline
ourselves to = single argum int.
which has escaped the attenti ,n of
Our English confreres, but still de-
serves calculation. Senator White
says:
SIN 1880 the deposits in the saw
ing banks Of Louisiana amounted to
s., OOO, 900. In 1890 this sum fell
to s9l5 900, and what is the cause:
The Lottery"
This is an intentional pe~rversiOn
Of facts. The Senator ought to have
said: In spite Of the lottery the
deposits reached $1,000, 600. That
is not the fault Of the lottery, but a
consequence Of the robbing and
plundering Of the New Orleans
Saving bank by our coolest and
best" This bank was the third one
ruined BY fraudulent practice with
in = few years, and the people who
have been swindled Of their hard
earnings can not be blamed for their
Discrimination to have anything more
to do with the savings banks.
Only after German business men
Of recognized honor and respecta-
bllitv established saving hanks upon
. perfectly solid foundation did the
distrust Of the people gradually
abate. The two German saving banks
the fnll confidence Of the pub
lie, and their deposits = constantly
Senator White commits another.
probably unintentiOnal, error in
quoting the amount Of the deposits
in the saving banks at SOFA 90.
We beg to inform Mr.. White, for
MS own S IN future stump speech
IS, that this assertion is very far
the truth.
The Germania Saving Bank holds
,l,2l2 600 in deposits. and the
Metropolitan Savings Bank, which
las been in existance but little
more than a year holds $4,000 in
is Golfer, both together Sl.3S7 900,
md the calculation of Senator. +.
}. White therefore contains .
light mistake of S472 900. And
his amount of sl.387, 900 was in
to honest German admins
in spite of the lottery.
The ''antis" should send their
Jig gun back to their arsenal. 1t
ar OvershOOts the mark, and the
yer jealous artillerlst calls forth
'ut 3 feeling Of sincere regret from
hose who formerly esteemed him
o highly. |:
Another important matter Which
latOr White overlooked, is that
lille the working people have con-
iderably more than he gave them /:
redit for in the savings banks, they
lso have over four million dollars !
vested in homestead associations. '
'heSe facts all show that instead of a.,
he people being poorer than they ,
ere ten years ago, they are wealth. G
r BY several million dollars.
Referring to this subjec, the City !
.em says: IS