New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-30
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out of every three persons-mcn, women and
children-is dcposltOr In some one OF these
banks None of them is a dime or halfdmc saw
ings institution in fact, none OF them Will receive
less than s. for first deposit. The total de-
posts foot up SG6,276,l57 A. In some of the
banks no further deposits will be received from
depositOr after the amount due him has reached
81 900, for the intention is 10 keep these banks
as repositories for the working classes only. The
average due 10 each of those l36,64S deposl'ors
is S4S3. The total deposits increased during the
year s., 556G65. The number OF depoNltors IN
creased 4,oJ6, whereas the increase IN 1890 was
1854. The number dcposting under 5000 has
increased 3. 500. OF those dcpositlng $500 and
under 81 900 the number has increased so, and
Of those depOsiting $1,000 and upward there Is
an increase of j67. During the last ten years
the deposits in the savings banks have Increased
50, 5O4, 434 OF, and the number of depositors has
grown 1851 In 1881 the average OF each de-
positor was S4j4 in 1891 it was S4S5.
There are besides these savings banks
seven trust companies in the STATE
doing a savings bank business and having
resources aggrcgating SID co'', mere mere are
investment companies constantly receiving ue
earnings of the wage-workers. Were 1t not iol
this fact, the increase IN tle amount oI urpGoiS
fqur : show. Rhode Island savings banks are
exactly what they purport TO be-lnstli u'iohS Tor
receiving and investing tie surplus earnings ol the
laboring classes and the splendid showing Whlch
they make i rTefutable evidence thal me Work
ing people, mi hands, machinl>ts ana artisans IN
fahric and metal, have prOspercd WonderiulN under
the operation of the protective tarlH system ana
further that that prosperity has been paf'lcuI,rY
marked during the first year under the MchlnleA-
Aldrich Tariff bill. :,
These are the conditions of prosperity Tor all
classes in the State under which the rcope are
asked 70 vote against the protective system.
Pawtucket from all | have learned to-day Is not
likely 10 repudiate the policy which has con
trihuted LARGELY TO its industrial fortunes me
Republican League has done splendid woIk IN tius
CITY and by its superior organization has maze
a victory well nigh certain. It's leaders conn
IDENTIFY expect 10 wipe ont the Democratic majority
on the State ticket and to elect five ana possibly
six of the seven members of the Ice stature To-
night Republican meetings are to lie held IN every
one of the five wards of the city ana are 70 DE
Congressman J. II. Walker, of MassachusettS;
David Hall Rice Of Mas achusetts Major
A. NJ Hancock, Of Maryland; waiter W
Lindsay, Of Vermont; Henry h. llcpkc, f. {;
Pierce Adm b. Capron. George II. tier ana
Others This is bold experiment in campaign
ing. but excellent results are expected from H.
The General Assembly in Providence passed 70
day the enabling act required for repairing me
results Of trickcry and neglect on me part oil hic
Democratic politicians OF Lincoln by the techni-
cal ir1egulaiitics Of the nomination papers the
Democrats of the large town We're deharncd from
voting next week, and the election of six he,
publican members of the i"glNlature was secured
without opposition. The Republican majority
nf the General Assembly has given
fine example of hi-h-minded action and
love of fair play II has passed the act IN the
interest OF honorable politics and Justice 10 tie
common people and refused 10 take advantage oil
the technicalities Of the case. llliSm in New
York differs from Republicanism IL Rhode Island
as darkness from light y. +.