New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-19
NEW-YORk SAIINGS-B4NKS.

Well worthy Of the careful attention of every
voter are the tabulated reports. just made pub
lie. of the savings banks Of the Empire State.
There were on June 80 last, 127 of these inst-
tutions. They were patronized by 1.732.3S2 de-
postors to whom they owed S11J,0'2, 800, and
TO whom they paid S249JS.12T interest during
the year. The increase Of deposits during the
wear was SO 7G6SS3, and Of interest $l,5G4 ,4IS.
Statistics Are commonly reckoned pretty dry
stuff But proper pressure may extract few
drops of juice from these. They Indicate. for
example, that every fourth person in this state
has money III a bank. or to be exact. go per-
sons in every thousand That means that there
is. on the average, a savingsban account for
every family in the State. an account OF about
S412 Moreover. these accounts. in spite Of the
hard times Of the last three years. are steadily
increasing in number and amount More peo-
pie have bank accounts now than a year ago.
and their accounts are larger. The people are
saving money Wealth is being more evenly
distributed among them year by year. For these
savlngs-bank deposits are chiefly made by the
plain people. by farmers and wage-earners Rich
people do not commonly patronzc savings banks,
for such banks do not accept large deposits.
This vast sum of S715.032. 800 represents the
savings the investments. of the frugal working
people of the State.
Now there is no use in any Juvenile Declaimcr
or any one else saying that the people of this
State are growing poorer. are being "crucihed
upon a cross of gold" in the face of these facts.
There is more than a hundred dollars in bank
nj interest for every man. woman and child in
the State and the amount is growing larger
every year Nor is there any use in going into
bn IF no
These 49, $50 depostors form creditor
class" They are creditors all of them The
savings banks owe them S4l2 apiece And that
indebtedness Of the banks TO them is increasing
wear by wear. Many Of these deposors. prob
ably most Of them. are heads OF Families, WIN
others dependent upon them. Taking that fact
into consideration. it IS well within bounds to
reckon that considerably more than half the peo-
pie Of this state are directly interested in saw
inrs shank accounts They. the majority of the
people of the common people farmers and wage
earners. are the "crcditor class" against whom
/ the RepudatonistS rage and against whom The
Juvenile Declamer Is leading his nalucni cru
/ SADIE
This savings-bauk report is magnificent
tribute TO the industry, thrift and integrity OF
/ The people of New-York II IS one of the strong
est of arguments for the preservation of an hon
est standard of money. Every one Of those de-
posl,ors is personally Interested IN preserving
such a STANDARD. If that be done. If the dollar
be kept at the value OF hundred cents those
deposts will be secure. ana the full Interest on
theRt will be regularly paid There is no safer.
or more profitable. or on the whole better form
Of investment of small sums than their deposit
in savings-bank There cen he no more abom
Unable attack upon the welfare of the people thail
that which Mr. Bryan and his followers are
making They are practically demanding ina.
all these sayingS-bank accounts snail De sch!c'
down II per cent. and for every doiIar ne has
pald in the dcpositor shall be allowed TO draw
out only SO cents This army Of 1,I32,3S2 de-