The sun., 1900-10-29

Increase In the Number and Amount Of Deposits


Increase In the Number and Amount OF Deposts
Dunng nrst Cleveland Admins.
tratlon ....................... s,.5Si sis,S5.I5e
During Harrison Administration 4S.2s5 24.s5o.b5O
During second Cleveland Ad.
miuisration. ..........,....... 2b,o6A lbbOe.bl7
During Mckinley Admnista-
ton IS years only ........... $1,000 2I,656 t3S
MASSACHUSETTS
Number. Arouai.
During nrsi Cleveland Admins
trauon n......................,ls ,SaIoI.924
During Harrison Admlni,,ra-
ton .,.....,. ,..,,.... 2Oo.73i 7T634702
During second Cleveland Ad-
m'nIs,rauon n...................iso7, 10000. sss
During Mckinley Adminlsira.
tiun "a years only. ..,... .iS6779 ao8i 79i
"Truthfy as these figures picture forth
the conditions well known TO have prevailed
during the periods which they cover, they yet
fail To represent the whole truth, for Il is we'll
understood that in times Of business depression
and industrial dulneSs unemployed capital
Is deposited in considerable amounts In the
savings banks and withdrawn again when con-
ndence rcvvcs aud new enterprises, or old
ones revvincd. call idle funds into use again
Thus the gain in savings banks deposits i'm "A
period Of distress gives a better impression
than the facts really warrant, while the Increase
reported in an era Of prosperity fails to meas
ure fully the savings which the army Of opera
tors in mine and forge and factory are making
"Indisputaby these CONF arisons rosssss
n significance which the Personal interest of
depostors and wage earners requires each one
Of them To consider seriously and quite indie
pendently of any partisan prejudice. II H.
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 wing ran low. while one term interveued
during which employ ment was 70 steady and
wages 80 high that large earnings were Tos-
sbln and another has followed with con-
ditons permitting even greater aCCumula-
tions The explanation ia to be sought
causes aud Iolicies Enterprise, activity
and prosperity are in evidence only when
confidence rules They require certainty.
upon which they may rest calculations,
and tariN rates favorng American lahor and
industries. Denied these conditions. they hesi-
tate. apprehension enters, demand slacken'.
production il diminished. prices break. wages
are cut, and every interest suffer- Tho threat
" change in the hr4t Cleveland administration
wrought evil. and it, consummntion in the second
caused panic and ;hen paralysis. OF cour'e.
and inevitably. lahCr suffered. and to that fact
the reports ~ the savings banks testify.
1T Is not irrelevant in n discussion Of the
interests Of savings banks depositors, and
Of the bearing Of political policies upon them.
10 consider the expansion question No ele-
ment in our population will derive relatively
40 great benefits from our acquisition and
retention Of the Hawaiian Islands. Porto Rico
and the Philippines IA the manual worker.
When our sovereignty has been established.
American enterprise and energy will follow
II that sovereignty be continued as IL surely
ought to be and as II surely will be II Mckinley
IL elected, and these will cause a demand
for a constantly Increasing volume Of manu-