Total Oct. 1, 1868.... 1,685 1,629 $426,189,111 420,073,415 415,278,969 October, 1867, and Oct. 1, 1867 1,643 Oct. 1, 1866 1,643 70 Banks, October, 1867. 69 Banks, January, 1869. $172,586,416 $187,101,591 73,487,509 63,683,736 6,915,407 7,867,241 14,989,417 3,920,864 24,454,661 14,033,388 8,804,653 11,607,858 60,400,438 53,164,586 129,693 182,735 8342,965,362 $355,384,831 $84,272,200 $84,003,616 28,417,201 29,477,170 34,904,914 35,110,641 57,470,956 57,567,849 Individual Depositors.... 137,573,007 146,913,413 Miscellaneous 327,084 2,262,642 Total Liabilities...... $342,965,362 $355,334,831 $1,496,927,146 $1,558,367,502 SAVINGS BANKS.-In Massachusetts the deposits have increased in one year from $67,900,571 to $80,431,583, or over 18 per cent.; with an average of $230.76 to each depositor. The population of the State, in 1860, was 1,231,066; the deposits, in 1867, were $80,431,583. The surplus on hand was $3,172,877, or nearly four per cent. The average rate of dividend last year was 5.42 per cent. The gross annual expenditures for the management of these 108 savings institutions were $254,226, or less than one-third of one per cent. These depositors hold thirty millions of Government and State bonds, ten millions of bank stock, and twenty-one millions on bond and mortgage. Rhode Island has the largest savings deposits to each depositor, being $362.51 for each. In Rhode Island the deposits have increased from $17,751,713 to $21,413,648, or about 20 per cent.; with an average deposit of $362.51, and 59,071 depositors out of an aggregate population, in 1860, of 174,620. This shows that the savings depositors are more than one-third of the population. This is a most remarkable exhibit of labor and thrift. This State is, in fact, a vast "bee-hive" in its industrial pursuits. The following table shows the relative number of depositors to the inhabitants, the average deposit to each inhabitant, and the average deposit to the credit of each depositor in each State named, near the close of the year 1867: STATE. Connecticut is the second State in New England as to the average savings deposits, having reached, in 1867, the sum of $261.32. The deposits have increased from $27,310,018 to $36,283,460, with 138,846 depositors, who form thirty per cent. of the whole population. This Massachusetts... is strong evidence of the industry and economy of the people. New Hampshire shows the next largest average of savings. In this State the savings have increased from $7,857,600, in 1865, to $13,541,535 in 1867, or about 72 per cent., and the depositors from 42,903 to 55,218, or nearly 30 per cent., with an average deposit of $245.24 to each. This is a larger increase than is shown in any other New England State. Massachusetts has a net average sum of $230.76 to each depositor, being the fourth in the average. In the State of Maine the savings deposits have increased, since 1866, $1,652,000, or about 42 per cent.; and the number of depositors about 37 per cent.; showing an average of $213.71 to each depositor in November, 1867. Vermont stands the sixth in the New Eng land States for its number of savings banks and amount of deposits, having only ten of these institutions, with an aggregate deposit of $1,805,086, an average of $140.54 to each depositor. We now present a recapitulation of the savings banks in the States of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, and New York, and in the cities of Baltimore and San Francisco: STATES. Maine. New England. THE SAVINGS BANKS OF NEW YORK.-From the official summary it appears that the largest savings funds outside of New York City and Brooklyn are, in Erie County, $7,517,132; Monis the next; Albany County is the third; Oneiroe County, including the city of Rochester, fourth; and Rensselaer County (mainly Troy) da County, including Rome and Utica, is the is the fifth. There are thirty-one counties in the State having no savings banks, and six counties having no national banks established. There are four counties in which there are neither savings banks nor national banks, viz., Cattaraulation of 92,840. gus, Essex, Hamilton, and Yates, with a popu The savings accumulations are mainly in the York, Brooklyn, Albany, Buffalo, Troy, Rochlarge manufacturing centres-such as New ester, Utica, etc. The city of Buffalo alone has over $7,000,000 savings deposits. The next in importance are: Rochester, $5,221,000; Albany, $3,944,000; Syracuse, $3,429,000; Troy, $2,457,000; Population, No. of depos- Amount of depos Auburn, $1,179,000. No other place in the Utica, $2,400,000; Poughkeepsie, $1,318,000; RECAPITULATION. itors, 1867. its, 1867. State has over one million in savings de$5,598,600 13,541,535 posits. 1860. 21,413,648 January. New York 3,380,755 537,466 151,127,562 1859.. 1860.. 1861 1862. 1863. 51,235,225 1864. 8,451,962 16,850,996 62,174,604 10,817,650 20,794,130 76.538.183 93,786,384 72,928,796 13,266,576 25,598,052 111,793,424 76,989,493 14,429,734 24,053,339 115,472,566 86,574,343 17,160,474 28,034,257 131,769,074 95,983,110 19,988,826 34,155,609 151,127,562 THE CLEARING-HOUSE.-The Clearing-house, at New York, commenced operations in Octo$5.598,600 ber, 1853. The aggregate operations for fifteen years, October, 1853, to October, 1868, were-I. The aggregate exchanges for each 21,413,648 year. II. The aggregate cash balances paid 36,283,460 each year. III. The average daily exchanges New England.. 532.331 $117,496,175 640,729 $159,073,912 for each year, and the average daily balances, New York..... 400,194 93,786,384 537,466 151,127,562 as shown in the following table: Rhode Island.. Connecticut... 26,197 55,218 12,844 62,604,076 348,553 44,352 12,815,098 59,071 121,682 29,142,238 138,846 1,805,086 80,431,583 1867. 1868. Oct. to Oct. Exchanges. Cash balances Average daily Av. daily 92,182,163 3,642,249 The Philadelphia Clearing-house.-Aggregate Operations from March 22, 1858, to January, 1869. Kentucky, 1865. Av. daily balances. Louisiana, 1860. Maine... Maryland... Massachusetts. Michigan... 234,290 Minnesota. 227,566 3,434 268,200 Mississippi, 1860. 118,969.363 4,188,632 887,522 Missouri... 527,533 New Hampshire. 507,796 New Jersey... 536,654 New Mexico, 1864... 49 New York.. BAPTISTS. The collective name of those Christian denominations which reject the validity of infant baptism, and hold that the ordinance of baptism can be administered only to those who have made a personal profession of faith in Christ. The Baptist churches also, in general, maintain that the entire immersion of the body is the only scriptural mode of baptism; yet the Mennonites, who are generally regarded as Baptists, use sprinkling. The most numerous organization of Baptists are the Regular Baptists in the United States, who number over 1,000,000 members. The Free-Will Baptists are Armenians in theology and open communionists, while the Regular Baptists are Calvinists and close communionists. The "Liberal Baptists" and "General Baptists" in the United States generally agree with the Free-Will Baptists. The Disciples of Christ reject all creeds and confessions of faith as of human origin, and believe that the effect of baptism is the remission of sins. The "Church of God" believes feet-washing to be, in addition to Baptism and the Lord's Supper, a positive ordinance of perpetual standing in the Church. The "Particular Baptists" in England are Calvanists, and divided on the subject of strict communion. The "General Baptists" lean toward the Unitarians, while the "New Connection of General Baptists" are Armenians. The Baptist churches on the continent of Europe, in Asia, Africa, and Australia, are chiefly branches of the Regular Baptists in the United States, and of the Particular Baptists of England. I. REGULAR BAPTISTS IN AMERICA.-The statistics of regular Baptists in the United States, and British possessions of North America, as reported in 1868, were as follows: Ohio 80 482 33,869 3 29 1,082 18 427 47,700 3 56 8,537 18 473 62,984 24 663 46,564 22 Baptist Quarterly, the National Baptist (weekly), and the Young Reaper (monthly), the total number of publications, now on the society's catalogue, amounts to 982. The American Baptist Historical Society received during the year an addition of 294 volumes for its library. The receipts of the American Baptist Home Missionary Society were $6,237 less than for the preceding year, amounting to $135,736. The society sustained 331 missionaries, 30 of whom devoted themselves to the education of colored preachers. A magnificent donation of 25,000 acres of land on the Osage River, in Kansas, was received from the Ottawa Indians, to establish a university. A delegation from the Colored Baptist Convention, at Nashville, reported that that body represented a hundred thousand colored Baptists. The American Baptist Missionary Union supports twelve missions. In Asia there are 18 stations and 400 out-stations; in the European missions, 1,328 stations and out-stations. The total number of American missionaries in the Asiatic missions is 93; of active helpers, about 400. The number of members connected with the missions is 43,775; the number of churches, 568; the number of baptisms in Asia and Europe, 4,200. The American Baptist Free Mission Society, which is now in the twenty-sixth year of its existence, expressed, at its anniversary, continued devotion to the antislavery principles of its organization, which it considers not yet wholly beyond the need of support, and opposed to all the ends and objects of colonization of the blacks in Africa, asserting their equal right with the whites to choose the United States as their residence. The union of the society with the consolidated Missionary Convention (of colored Baptists) which met at Nashville, Tenn., in August, 1867, is regarded as accomplished, so far as harmony of action is concerned, though an organic union has not yet been effected. A correspondence has been carried on with the American Baptist Missionary Union, which has as yet not produced a definite result, though both parties seem willing to enter the union. The receipts of the society for the year were $19,005.72. Besides the missionaries in the Southern States, the society supports missionaries in Burmah and Japan. The Southern Baptist Convention met at Baltimore on the 7th of May, and was attended by about two hundred delegates. A delegation from the American Home Missionary Society, with which the convention has not been in correspondence for many years, was warmly welcomed. It was resolved to remove the Sunday-school Board to Memphis. Thirty churches have been constituted among the freedmen by the missionaries, twenty-four meeting-houses have been commenced, and ten finished. The Board of Foreign Missions of this convention sustains missions in China and Africa. The following are the statistics of the other Southern Baptist Societies, as reported in 1868: Home Missionary Society-Receipts, $25,994.75; missionaries, 108; number of persons baptized, 1,918, of whom 611 were colored; sermons preached, 7,369; visits made, 12,467. Indian Missions-Receipts, $452.83. Sundayschool Board-Contributions, $2,521.98. Publications, 2,000,000 pages. II. "FREE-WILL BAPTISTS," "LIBERAL BAPTISTS," AND "GENERAL BAPTISTS," IN AMERICA. According to the Free-Will Baptist Register for 1869, the statistics of this denomination in 1868 were as follows: Showing an increase of 2 quarterly meetings, 2 churches, 27 ministers, and 2,033 members. There are also 87 "licensed preachers." The societies, etc., of the Free-Will Baptist Church, are the printing establishments at Dover, N. H., and Chicago, a theological school at New Hampton, N. H., a Foreign Mission Society, a Home Mission Society, an Education Society, a Female Systematic Beneficence Society, a Sabbath-school Union, a Temperance Society, the Western Home Mission Committee, the New York State Mission Society, and the Commission for the Promotion of Education in the South. The Free-Will Baptists have four colleges: Bates College, at Lewiston, Me.; Hillsdale College, at Hillsdale, Mich.; West Virginia College, at Flemington, W. Va.; and Ridgeville College, at Ridgeville, Ind. They have thirteen male and female seminaries and academies. The twentieth Triennial Session of the General Conference of Free-Will Baptists met at Buffalo, on the 7th of October. About seventy A members and a number of visitors were present, among whom was a representative of the Free Christian Baptists of New Brunswick, who reported that his denomination had adopted the Free Will Baptist Articles of Faith, and that they had received six hundred members, by baptism, during the past year. prominent feature of the business was the adoption of articles under which the society should be incorporated. The subject of changing the name, by adopting that of Baptist or Free Baptist or Union Baptist, was agitated; but the Conference resolved to adhere to the name of "Free-Will Baptist." The Liberty Association of Free Will (heretofore General) Baptists of Indiana, numbering 25 churches and 1,653 members, and the Ohio Association of Free-Will (heretofore General) Baptists, numbering about 12 churches and 500 members, were received by delegates into the Conference. A net increase of members was reported of 9,420, the present membership being 63.440. The Home Mission Society, now in the thirty-second year of its existence, reported its receipts to be ten times as great as during its first years. The American Missionary Association states that this denomination has done more, according to its numbers, for the freedmen than any other people. Over thirty-five thousand dollars have been raised, in a little over a year, for the various departments of mission work. Taking the Eastern and Western work together among the freedmen, this society has sustained 37 laborers and 1,800 scholars; has established ten new churches and one quarterly meeting, containing 1,300 members, and is supporting two normal schools. In the department of Home Missions proper, there are 24 ministers, making altogether 60 Home Missionary laborers. Several associations are reported in Alabama as agreeing with the FreeWill Baptists, with whom the Society hopes to arrange for a Union. This Church has had for many years flourishing missions in India. The last annual report again shows favorable progress. The report recommended the policy for the future of keeping a sufficient force only in the field to superintend native preachers and teachers. In Turkey the field seems to be open. The receipts for the year have been about $10,500. A resolution was adopted looking to the opening of additional missions in China and Turkey. The members of the Church were advised to give this Society the preference in their contributions over those not of their denomination. The Home and Foreign Mission Society are to be united into one after 1871. The "Liberal Baptists" or "General Baptists," two associations of which, as reported above, joined the "Free-Will Baptists" at their General Conference in November, had previously (May 28th) held a convention at Fort Branch, Indiana, for the purpose of promoting a union of all Baptists believing in "free salvation and free communion." It appeared that These denominations have 5,022 members. The fifty-fourth General Conference of the Seventh-Day Baptists was held at Albion, Wisconsin, September 10th. A prominent subject of discussion was the expediency of creating a denominational literature, particularly in the matter of Sabbath-school libraries, and of a Hymn-book. Measures were taken to publish a Sabbath-school paper. The organization of the General Conference was perfected by the adoption of a constitution. The state of the churches and missionary interests of the Society was reported as hopeful. The annual meeting of the German Baptists or Tunkers was held at Millersburg, Indiana, on the 2d of June, and was attended by about 5,000 persons. Among the questions discussed were: the nature of Scriptural divorces, which has been under discussion for the last ten years; taxation for church purposes, which was decided to be not unscriptural, but inexpedient; lyceums, which were not indorsed; whether voting for persons in the ministry is more in accord with the gospel order than casting lots-decided in the affirmative; the reception of ministers of other orders; feet washing, the Sunday-school system; the stand of ministers; support of evangelists. The question of adherence to the name of German Baptists was decided in favor of adherence. IV. BAPTISTS IN GREAT BRITAIN. The largest body of Baptists in England are the "Particular Baptists" or "Calvinistic Baptists." Most of the churches of this class are connected with the "Baptist Union." In 1868 |