White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-01-12

W
factory frait crop. To produce. on
centrate and distribute these things
involves an amount of labor and
transportation difficult 10 compre-
bend. The bulk of products is con-
sumed in the country of their orr
gin. If then this country
had no trade dealings with
the outside world. business here
should be good. and there should be
additions to the population from i'm
migration that would increase both
production and consumption.
This country has extensive dealings
with other countries, however, its
foreign trade for three-quarters OF
the current calendar year having
amounted to s1,949.3O9,4 the
larger part. by $3.50. 05s.2S2,
comprising exports of natural pro-
ducts and manufactures, the former
including gold and silver. And
when il is added that the available
working men in the country have
been insufficient to fill the places
open to them@yes, and at high
wages-the proof of good business
conditions must be apparent. Per-
feet conditions there may not be
perhaps never were and lever will
be; but conditions have been and are
relatively good, unless there is in
sistenee upon a continuous business
boom, which has never been the lot
of this or any other people.
Savings Bank Figures.
Here are the annual statistics just
iss Led by the national comptroller of
the currency touching deposits in
savings banks in the United Stases:
The returns showed 1925 banks of
this class. including $50 mutual and
1926 institutions. Together the 1925
banks held s4,45O,S22.55 in de-
posts, had 10,009,S04 depositors-
an average deposit of 444.64 to the
individual and s46.52 for each in
habitant. The number of banks, ag-
gregate deposits and number of de-
positors have increased every year of
the last five covered by the statistics
though the average of deposits for
each depositor and %inhabitant has
not been quite constant. In 1910 the
average deposit for a depositor was
s445.20, and the average for an in
habitant $500, showing a gain over
the previous year that a not main
tanned in 1911, though this year the
average deposit is but ffty-six cents
less than 1910, though the average
for each inhabitant is $1.47 more
than two years ago. The comptroller
says special interest attaches to
these reports because the deposits
are chiefly the aecumulations of
wage-earners.
This is the common conception OF
these things, but it would be inter-
esting to know whether it is 20. The
smallness of the average deposit may
suggest as much, and yet it is queried
how many w~age-earners or whether
the average wage Garner among
savings-bank depositors can claim
ownership of more than $500 cash,
which happens to be about ten times
the amount in these institutions for
each inhabitant. 1t is known for a
fact that people of considerable
means, some rich people as savings
banks would count riches, avail
themselves of the safety of savings
banks and the rather satisfactory
interest which they pay to deposit
therein all that these banks will ac-
cept
There is evidence of thrift in these
savings when considered in a block,
and they suggest a prosperous state
of business so far as they represent
the savings of wage-earners, and
since they have increased in volume
from year TO year. The total depos-
its in 1908 were 1850, 553,945,
while the amount in 1912
was nearly $4,000. O00, 900 more
than that. Agriculture and
manufacturing have prospered to-
gether though whether the rela-
ton of one to the other could be
traced as other than indirect or in
cidental 1t is not easy to decide.
Farmers and manufactures have been
getting satisfactory prices for their
products, even more than the dimen-