New-York tribune., 1900-10-29
WINGS BANKS AND BRYAN.
Continued from first page.

erable amounts in the savings banks and with
drawn again when confidence revives and new
enterprises or old ones revivihed. call idle funds
into use again. Thus the gain IN savings banks
deposits In period OF distress gives better i'm
preston than the facts really warrant while the
increase reported in Of prosperity falls to
measure fully the savings which the army OF op-
orators in mine and forge and factory are making
Indisputaby these comparisons possess signih-
canoe which the personal interest Of depositors
and wage earneTs requires each one Of them 70
consider seriously and quite independently of any
partisan prejudice. 1t is not accident or chance
that during a period covering fifteen years there
were two terms Of four years each during each
Of which the difference between labor's earnings
and the cost Of living low. while one term IN
tervened during which employment was so steady
and wages so high that large earnings were pos
sible, and another has followed with conditions
permitting greater accumuatons. The eN-
plana ton is to be sought and discovered in STUDY
of political causes and policies. Enterprise. ac-
tvity and prosperity in evidence only when
confidence rules. They require certainty upon
which they may rest calculations, and tariff rates
favoring American labor and industries Denied
these conditions. they hesitate. apprehension en-
ters. demand slackens. production is diminishe,'
prices break, wages are cut, and every interest
suffers. The threat of change in the first CleVe-
land Administration wrought evil and its con-
summation in the second caused panic and then
paralysis OF course, and inevitably. labor suf-
fered, and to that fact the reports Of the savings
banks testify.
1t IS not irrelevant in discussion Of the interests
OF savings banks depositors, and Of the bearing OF
political policies upon them to consider the eX-
pansion question, No element in all our popula-
ton will derive relatively great benefit from
our acquisition and retention Of the Hawaiian
Islands, Porto Rico and the Philippines as the
manual worker. Where our sovereignty has been
established American enterprise and energy will
follow il sovereignty be continued, as it sure
ly ought TO be. and it surely will be If Metir-
ley is elected and these will cause demand Tor
a constantly increasing volume of manufactures
and products of the soil of the United States
Railroads will be built and equipped in our new
territories developed, mills erected and the
multitudinous improvements and luxuries intro
duced which Americans insist upon possessing
in undeveloped countr es. The natives TOO
will be educated to larger and better living.
Thus we shall find new markets, making all our
industrial works buster, and rendering employ ment
for labor constant and more remunerattVe' wnere-
by comforts will be added to thousands or homes
and the opportunity for saving broadened 10 vast
number OF our people
II is for depositors in these institutions to de-
termine by their votes in November whether they
will endure in the coming four years repetition
of the experience which they suffered from 1888
to 1897, enjoy continuation OF the condluohs
which have blessed them under the Adm1nistrat ton
of President Mckinley. This too, they should not
forget: Mr.. Bryan is a radical He stands not
merely for extreme tariff revision, but also Ior
financial revolution. His election would surely
precipitate panic, bring business chaos and
paralyze manufactures. 1t would be followed by
action concerning the currency which would bring
the country TO a silver basis Then the wage earn
ers who are depositors in savings banks would ind
themselves simply deprived Of opportunity for
adding to their accounts but made subject To the
payment of their deposits in dollars OF a dimin-
ished purchasing power. In word a vote for
BRYAN is a vote to decrease future earnings and
to reduce the value of savings already made.