The sun., 1900-10-29
BANKS SHOW PROSPERITY.
SAVINGS or THE PEOPLE GROW
UNDER REPUBLICAN RULE.
superin tendent Kiiburn Makes an Impressive
Comparison between savings Under tleve-
land and Under Harrison and Mckinley
Danger TO Depo,itors In = Vote for Bryan.


Comparison Between savings UndeT tisve-
land and Under Harrison and Mckinley
Danger TO Depo'itors In = Vote for Bryan.
ALBANY. Oct. ~ --"No better index 90 the
couu1Ry's prosperity or business depression can
be- had" said state Superintendent of Banks
Frederick u. kilburn to-day. than the sta
tisIics furnished by our savings banks While
they may not mark with exaCtness the percent
age of Industries that arc active or Of labor
that l. employed. they do Indicate with unerr-
ing certainty In which direction the current
set. and with what force II flows Logically
It should be so. and experience vcrines this com
Cllsion to which logic points The savings
banks being dlstinctively the deposit Ties of
the helpless and Of the frugal poor, the greater
portion Of their deposits consists of funds OF
widows and orphans and OF the savings OF wage
carners The former do not huctuate largely
while the latter are variable rs times are hard
or good Therefore. the gain or loss. or the
rate Of gain, In deposits reflects accurately
labors condition from year to year, and since
capital and labor are intcrdependent prosper
ing or sharing distress together, 1t measures
also the trend of business in general,
a striking illustration is afforded by the
figures returned by the savings banks In the
state OF New York for 1892 and 1903 During
the former year, which Is generally regarded
as one OF the most prosperous ever known In
the United States, the deposits increased,
in round numbers s4i. i.OOO.OOO. In 1903. tho
year when the last Democratic national Ad-
ministration began and labor walked the
streets in idleness and misery. not only did
depoSitors dra out all the dividends appor-
toned TO them. but also sl2.2j0,OOo Of their
principal. Again, all commercial and In
dustrlal statistics unite In demonstrating the
Al. g... L..
OF business and manufacturing output in our
history. and the reports OF the savings banks
corresponded by showing the unparalleled
increase In deposits OF over s7i 600 .OCO. which
is at the rate OF nearly $3.50 900 for every work.
ing day I'm the year
a comparison Of three years under Presi-
dent Mckinley with the four years OF Pre-i-
dent Ceveland's Administration Ia interesting
and suggestive. In the latter period the saw
ings banks deposits In New York increased 10y
ssS,sls6l5. an average Of 22.2O4 6S4 Per year.
During the first three years of President
Mckinley. Administration the gain was i60-
3Oa ISL or an average Of So, asa. $50 per anuum,
which is more than twice and half the rate
that obtained while Mr.. Cleveland was Pres-
dent These results become yet more impress
sive II considered in connection with those
shown during the Democratic Administration
running from 1850 10 1889. lhen tne gam III
deposits for four years was only eighty-stx and
half millions, whereas during the ensuing
four years. under President Harrison. they
bounded To a hunared and five and half mil
lions \ contrast by the number Of deposits
carrie a similar significance. During Pres-
dent IleNelands first term such increase was
Ig7, ,6;N under President Harrison. 23O.9j2
during President Cleyeland's second admins
tration. IlS.ie4 and In three years under Presi-
dent Mckinley. 244.i03
"On the first day Of July, 1900. the total re-
sources Of the savings banks Of New York
exceeded one billion of dollars. and the number
OF accounts was above two monsi The
total gain In resources since President McKin-
ley's election has been over two hundred and
twenty-five million dollars, and the increase
in the number Of accounts nearly three hun
dred thousand The following table shows
the resources of the State savings banks. the
amount due depositors and the number OF ac-
counts on the first day Of January for the past
eight Years