Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1864-01-27


size of Davenport. among other things. should
have Savings Institution" They are .
public nscessity. and when properly managed
confer great blessings upon oil classes. The
able to cave few doliars every week which
they wish to lay sside-not % 90 much unpro.
ductive capital, but where it will Be constant
iy aecumulating interest, will reap great ad-
quently occurs that persons who are fiaaueial-
~ independent wish to deposit money which
they feel convinced will have 10 remain In
bank for months or yeara, perhaps; this CHASE
viii find 10 Savings Bank an institution just
suited to their case. They obtain . moderate
interest on their money. whereas If it lay in
either Of our city banks that We pow have.
their u.oney Is jast % unpr oduetivs as If sew.
ed up in . bed tick. We venture to state that
there 10 at this time in the county Of Scott At
least one bundred thousand dollars in cash in
sums Say from five dollars up to Eve hupd-
red. that 10 anxious to seak jus. such 30 invest
ment. Thase email Gums, such - are found in
the hands Of the poorer classes cannot be
readily or pvo6.ably invested In any other
way than by putting them together. But
whenithsy ere all deposited in . reliable in
stitatien. and then can be put out to interest
10 . careful manner - that not only the de-
positsrs can realize reasonable ietersst. hut
The bank itself makes enough to pay al Ito
expenses and Il 10 not unirequently the case
that they gain . handsome surplus In the
course OF time. Thus On Institution Of this
kind not only benefits those who have small
Gums to invest. but II 10 . dscided advantage
TO those who want to borrow, because they
are enabled to make loans at . very low rste
| oi Interest. Sach an institution In any com.
sad economy among the poorer elassss =
Small soms Of money that are carried abca,
in the pocket Or layiag about ths houss. ere
much more opt 10 be unnecessarily spent
| than they would be II in bank. The depos.
itor. Be bic deposit ever % email. will gen.
erally take pride In Increasing II rather THAI
| didlaishing il. The SUN there laid BY 10 I
strong guaranty against future want IL Il
something laid By for ''raioy day )" - th'
saying H. A single dollar st 6rst. s9d I
dollar Of Two added from time TO time. sooa
grows into . sum that viii boy Gov and
: v. or On x. laid BY from saeb vssk's ol
each months wages. anon grove sufiicisoslJ
large 70 enable she owner 70 boy lot
build little house. Or perhaps . email farm
It requires NO great exestion Or sslf-denia
70 'sy By these soall suos. yet hsw gree
the advantage dsrtvsd 10 the hour Of need
We have bot ,neidentsilv glaosed ct th,
merits Of such 90 institstloo. IL 10 . msttsI
q songratu,s,iou that such cooe~rp 10 q
be established In Our city. W. have every
re.ssn 10 believe that it vill be under th
N .nsseus cut Of men VIE are provsrkal 70
6naseisi ability snl integrity. 10 sbou. Tel
days u Gill bs rut 10 opefation. Ia the liz
Of stock holders psbl,shsd in anothsr soluml
viii be fouad The names OF very lsse
aunber Of the best busioses mrn su 6r,D
- tie .isy. A.sssdy ws heas of sspssssis.u
u great ss,ist .stioa that sash - is.siscts.-
he been provided fsr 10 Dsssopess l.
our peepl.. Of sli elssse. take the msLls
| % lee eesssdsratios. sst ~ shsss tAsy -
l1s Adssssss he 3sssses II sucb sdtit
ooeeetetoss