The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1875-08-13

From onr Special Cnr-cspDndentl
THE SAVINGS BANKS OF NEW JERSEY.
TRENTON. n. J., July 2, 1875.

The animal report of the Legislature
of the different Savings Banks of thi,
State, as required 10y law, for the yeaI
1874, is at hand, and makes wonderful
exhibit. and one that is well worth close
study
At that time there were forty of these
Savings Banks in the State, and theiI
deposit account ran from $500 to S14,.
OOO. 900.
The whole amount due depOsitors was
the enormous sum of S3I, ,795, 503 81
(thirty-one and three-quarters OF a mil.
lion dollars. These deposits represent
sums Of twenty-five cents and upward,
and are entirely the savings nfthe work
ing people.
The banks have on hand surplus
fund, which is really due the depositors,
of 81, 353. 934 22 Zone and one third mil
Iions). This fund is kept by the banks
to save their depositors from any loss
that may occur in the depreciation of
securities or a panic.
but what do you suppose this immense
sum of nearly thirty-two millions is in.
vested in, for it must be keptinvested to
pay the int rest to the depositors?
We find that S14, 75S, 5O7 is invested in
first bonds and mortgages on property
worth double that amount. These mort
cages run from 800 upward, and in loan
ing the money the preference is always
given deposition.
Think how many homes that large
amount has helped 10 build, and as long
as a man pays his interest You never
hear Of n Savings Ennk asking for its
money. Like loan association, it can
lay aud he paid of ~ the borrower
plcases, for where one pays of amy part
Of his mortgage, half dozen stand
ready To borrow.
Next we find these banks helping our
State, counties, cities and borCuslis' in
their improvements, ai,d they hold *,
6SG. $50 or the bonds of the different
eiiirs &c, al iile STATE.
Then tl" government must receive "A
IifiIc aid. and We find these banks hold
ing 81, 3G9, 900 United STATES bonds.
These can he turned into cash at hours
notice, and they represent tilf same as
ready cash on hand.
Also, to parties who hold bonds and
stocks, but do not care tn sell them, but
want to borrow Il little money for a
week, month. ar 80, We fad these banks
extending a. helping hand and invested
thus: 81, S7S, l3l l3; aud to our business
men, manufacturer, or professional, what
a halp tliesF Temporary icaFns prove "a
beg
Lastly, these banks, with their large
deposits and Responsibilities, must have
a place of business, and we find they
have invested about on" million dollar,
in bank buildings.
For ii moment let us reCapitnlate:
Amount Of ,lcpoSiis s3l, 79j, ,5O3 81
| Amount of surplus 49,. ,i'l3,93l -
The Inyastmelts.
In first hand and mort;
| cages Z T. i''H,''oi W.
City, county, ana hlHic ~,
| hands .......-.. S.iSI ,9.0 O1
United States bonds. 4, 1868, 600 40
ON collateral secunty-..- 3,S5S, ,l3l U0
| In banking buildings, say. 1,OJ0,OOO 90
You, who are depOsitOrs, would you
think your little deposits of l, 2, 3, 5, ol
10 dollars would 90 SO much good. Were
you to try 20 invest the little sums, you
might not get a prime s'rurity for yOnr
savings, and if you kee? IL about yuu
before you accumulate the desired
amount about oue-third will be spent,
1t is by the pcttimG together of many lat
tl.. siiil~. that thr ; linr Investments oiln
b. made Aud then hy laying LITTLE
away each payday or when you have it
then you have a snug LITTLE sum. You
can draw it aud invest Tor yourself, OF
any one of the tsutk; will T. you. have
one of IFS Investments for your amonnt
we haye two banks ia cur city, and i
yon wish to sxe what little spIHs are de
posted. and by people from every par
of our city. and every grade Of employ
ment, stop "a az rl,r nf onr hanks an.
afternoon or Saturday evening aud se'
for yourself. They are doing more goo'
for our lahoring and even better elaSse
of people than all the associations pu
together, aud they 5iln,ild Aa,a Fgrr
encouragement from all CLASSES.
From one of the State charters, "
note that all the profits, save a sna
salary to tie icorkiHg officers and clerks
goes to the drpositnrs. 50 that these il
stituiion~ rHnnot l,nt be eonsId' re'
good for rli. people and the good of
community
Open au account ia one OF the nanks
it, costs nothing. and IL yon are no
pleased, you can Withdraw without COS
OF any kind. II. g. L.
Ocer three hundred millions Of d"liB'
That's the amount of nleney the peopl
have in New York Savings Ranks 70
safe keeping and to draw interest, unit
such time as it may be called for.
IT requires the experience OF neglec
toward ourselves tO te Ich us to whh
extent the human heart may be iuade Z
suffer from carelessness and want c
thought.