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Updated: May 25, 2025
The working people have also thriven as well as their masters. Great numbers of them are known to possess reserved funds in savings banks and other depositories for savings; and there are others of them who have invested their money in cottage buildings, and in various other ways. But have not the men risen above their lot of labouring spinners? They have.
It was proposed to make them receivable everywhere and to establish at various points depositories of gold and silver to be held in trust for the redemption of such notes, so as to insure their convertibility into specie.
Sir, you may raise new regiments and issue new commissions, but you can not without such atonement restore the high moral tone which befits the depositories of the national honor. I fondly wish that the highest and lowest in the country's service might be taught to regard this House as the jealous guardian of his rights, against caprice, or fanaticism, or outrage from whatever quarter.
This includes the sum of $215,000 deposited in the Mint and its branches to procure metal for coining and in process of coinage, and which could not be withdrawn without inconvenience, thus leaving subject to draft in the various depositories the sum of $645,000.
All the struggle of those times was the fight for the "one three six," and the hardest effort of my life was the most valuable, because it gave me the key which opened the door to many depositories of unexplored wealth.
On January 3, 1911, postal-savings depositories were established experimentally in 48 States and Territories. After three months' successful operation the system was extended as rapidly as feasible to the 7,500 Post offices of the first, second, and third classes constituting the presidential grade.
At present, there are not five hundred inhabitants, and half of these consist of the Turkish garrison and the persons attached to the different Vice-Consulates. The streets are depositories of filth, and pools of stagnant water, on all sides, exhale the most fetid odors. Near the town are the ruins of a castle built by Godfrey of Bouillon.
With no trusted associates, he splits and divides the funds from the mine, placing them in varied depositories. He refrains from an undue appearance of wealth or improvement at the rancho itself. No one knows the aggregates, the net returns, save himself. Cunning old robber. To identify himself with the interior and southern part of the State, he enters the higher body of the Legislature.
And should the measure be found useful here, similar depositories for laying up as well as for building and repairing vessels may hereafter be undertaken at other navy-yards offering the same means.
I mean not to comment upon these measures, present or past, and much less to discourage the prosecution of fair commercial dealing between the two countries, based on reciprocal benefits; but it having now been made manifest that the power of inflicting these and similar injuries is by the resistless law of a credit currency and credit trade equally capable of extending their consequences through all the ramifications of our banking system, and by that means indirectly obtaining, particularly when our banks are used as depositories of the public moneys, a dangerous political influence in the United States, I have deemed it my duty to bring the subject to your notice and ask for it your serious consideration.
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