The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-27
ARE YOU a DEP0siToR
In n Savings ba"k!-Facts,hat Free Sill
vrrttes Cannot Gel

Fayetteville Republican: 1t Is i'm
possible TO take up a popocrat newspa-
per without finding n and every
thing they say on the political situa-
ton either wholly foolish or wholly
false.
Here Is n sample from the Denver
News: III free coinage would enable
the savings bank 70 pay on their ST.
@5o,eoo.ON0 OF deposits in ffty-eIght cent
dollars and thereby makG a profit OF
S5Si.50O.0 600, why Is it that the heads OF
those banks, who nrc In business %
make money. are so bitterly opposed 10
free coinage? Don't they want 10 make
all that profit"
Every fool knows that as a rule, saw
lnSs banks are mutual. and for the sole
purpose Of taking care OF the savings
OF w~orkingmcn and women. Instead
OF there being only sl.S5O.0 100000 Of saw
iHGs. there are nearly one billion. eight
hundred millions, Q.S0O, 900 dollars on
deposit by the last returns. II Is n
most Important fact for every thinking
man that during the thirteen years OF
Republican policy between 1850 and
1888, the increase In the savings banks
deposit wa from tSlg.lO 900, in 1850 TO
sl.IS5.l5 20. 900 in 1893.
SN''N' . "a" WI hll16 INIDIllt
under Republican rule. were able to
I've well and pay for their groceries,
clothes and rents aud taxes. and put
by as surplus for n rainy day over
seven hundred million dollars.
o all OF the above enormous sum
has been Invested for the benefit OF the
depositors. The Denver News talks as
II It was kept In the bank cellars aud
belonged 10 the bank officers. II the
people who have borrowed this muncy
pay 1t back In deprecated silver,whirh
they would have n right to Do II free
coinage IN established, the depOs!t0r
must be paid in this same money and
tbs viii necessarily lose flrty-aevcn
per cent. or nearly Onr-half OF what
they had saved and put by, Disregard
ing everything else but this one fact,
that free Coi1Hge would practically
steal under the saRCtiOn of law, One
half Of the hard earnings Of labor ought
10 make every workman IN the land.
not only vote against Il. but work
against It with all his might and main.
as "disgraccful to the nation and disas-
trous to his fellow w~age-rarnerS. Here
Is another hard fact for Il wnrkingman
to put in his pipe and smoke. From
1870 TO 1880 saving deposits increased
from $40 millions 10 $40 millDns-frOm
1850 to 1890 from $40 to Loo millions.
from 1890 to 1893 under the Mckinley
tariff, from 100 milliona to i,7Si mill
Ions. In one single gear OF Democratic
administration and p1licy-ivc banks
were closcd-the number Of dcposltorS
decreased 1900 and instead OF any In
crease In deposits, thirty-scvun millions
were Withdrawn 10 support families
where heads Could not find work and to
keep the wolf from the door. Now dur
Ing the whole Of this tIms, silver was
dcin0nctizrd as 50 called, hut It did not
prevent the laDorInG cInpscs from get
ting n good living and saving nearly a
billion Of dollars under n republican
party. while In Dnc single year with
financial conditions M far as silver
men were concerned remaining the
same. but under Democratic rule, all
savings was stopped and instead the
fund heavily drawn on.