, 1875-08-05
An Interesting ncrieH Of tho bfors
Prominent Of Those Instiiu-
lions In ChtcsE0,
Bans Wherein Security and Reo-
ompense Ara Combined to
Perfection.
A City Which Contains Some OF III
Best Savings Banks ir
the World.
THE sAVlNCs-BANk SYSTEM.

II inln mhnkud u 'tB primeval darkness and IL.
norance; Wick 'eparatea the civilization OF tss
nineteenth century from The barbariam OF ths
ages WHOM the flight Of lime itself WAS unreck.
oned. may be aummed up in tho ono word. Econ
omy. With mau lived to eat aad sloop and por-
posuate bis raco only. procuring his sholter md
bic food as fo needed It, and Ding or hunted only
~ appetite impolled him, ho was In tho lowest
possible montal condition. The moment ho laid
ln stock Of food for the uext meal ho
COMMENCED THE STUDY or ECONOMY.
Ho began TO accumulate and hoard tue frutts Of
his iabora, aud that meant progress. To-day,
hgcH since lie learued TIM. ftet important losson
taught by the voice OF Nature to tue savage hs
turns the surplus Of his products Into money.
and deposits that money III savings bank to 10.
cumulatc aud 10 drawn out ns ho needs 1t. Ths
:avsgo merely laid by aomethin.g-f food. Of course
Tho prorsro ho1ds with tho depositor IN tho SAT.
inRs bsnk. lie lays by something for rainy day.
but ho dopostta not TIN equivalent OF food oulJ.
His necesslt1oH arc more numerous. ana ohat hs
oarnH stands aa an equivalent for them. Whit
he lays by IL tnonoy. which moaus-for It fs COZ.
yafttb'o into--food. eholter. clothing. education
Tor lis family. and tho million necesblEos OF cir
iizcd life. The sasinga bank IL therefore
sYMn0L oY CIVILIZATION.
In itB present form It Is . Sign OF 4 modern
civilization for IL ~ not yet century old.
The fisst suggestion Of = savings institution
.ts Mas mauo ng pn,osopnet. ana 70 ne credit q
.aa naet!oen peupa 10 was ono o1 them
luastet q . eentq5y peIoto any eneh institution
W. estnuaneo' heoJanla fFanHAa atBod III
sostsao11''y.
.,,,; Ias r1Iss IT, sAv1Yoe nANx
Ha6 essabl'shod IL @ !77a a. hamburg tho Hecond
a. A., peeno a. ~ Ia ILL., Isi. Iao hfst over o1gan-
izeo ~ tne untoa ssatea vas u Plula-
aelph!s IN iolu, ha1 century atsor IN
Atuel'G1u pu'aoe1p1ol 11u po!hteo o9s ts heees-
stt5' ooa.un a"u raw tolA 1uno"eo tnls EXAM
p!9 s.noss lmnea1atelyt ana ~ time the "lo's
n!!an!lo sehpoaIa nas PfoVlaeo "1tn tnese u
ssttn.lons. ! % !n tnets !n9Aucy they recelYea do-
tohs.e L.o. ou.y .oo poo!et c'aseGIh-nceuan!est
a uonesuo 8e13knts, ana otners OF tnolf pecunlafT
eonainon. cong from tnsa % small commoncoinent
.t .hoy pecamo popu'11 iassisouo1s ano extonata
d;a then 1uaness 70 sno 1.Gn % aoa poor until shols
me Savings LINK ts not onty symbol of cayil'
Eatson, toefeloto. II 10 ~ eoadfnc9 Of It, o.
cAuso IL nas ooen maao poasaols only ny aAVsn&
"eaita- ,iH
InG llae1lcal "otkihs anu euees Q, tnoso IT,
11us!ouS oeara out tho 1aeo9'es o. sne1s eataD-
lshmens aha 1assinEs lHsI t1o Foresight of the
utlk'9Atot o1 theM. 1ue ssAtoe WHICH poeaeaA
.nY nsses nuos a;ea.e.t ~ snuaa u yF9p1on 70
ropuiat1on sto hassaonusetss ana Gnhtofnls,
and tho comparative comfort and wealth Of tha
laool'oR oasseh N .nesa ~ osssea ta4y answers
esos5 4ueatlon 70 ~ sne!e !uuuenca 1pt 8ooa'
~ ta eot eo1'nt 10 ~ ~ tuA4a ~ sua Iol
a.a'e natnoos " .asso ~ 'oStutaon8. psoPostionea
o - ~ aho ~! A.'u ooa!nesa
s.aios; ~ gues % W snum ~ LIN. "nese tne aastnes
DanS .antshitt., ~ Nv Sn.1G n a.so ~
eou'' asnpeotty, amoas.I t, anu ptogsesS snere
e.' ,iec.% ''A 'ne4' % o'1a1'' peop7t1sh''
ALI - HosaJ :" .,a-..,s ,uoa,., a.. .,.,. .<.,.
the MORA taat asG9edss 10 t 1asor o. sao svatem
t..s. - aaot sea.ostunut ta"s "Ae1o aouoy IL ao-
p'o''0s 4ot aceau.uaetou
!, d,,,,, 1T q athsS 1lasoa f de- s9uAnp1aED ad H.
s ~ 1are sta usaee y. ,eu. ,. ane s"vngs
ohnk lcrt1ss !s;a missionary m9r1 among tlose
az, w ~ LUZ. ~ 4oooneo ~ sno eaoouoeSe
-. eoa s,t .e>. ~" ons eusnes. Ie4otel: ~
ill., a eeat epmrounu 'oteles. nas ~ a'srao!iont 70
sas. tot IT,. LAY, Insussod ol!Rasee
Viii his savinpoa IL m speeaIstIon. ] sud IT stoass He
ueS .esr. nvnr 49,. t.ar raa nos a1y uof
"ossy usSl 'ng i'se aiu !a'4 ~ sna vAtae o.
nany nay ,aota M ;a ha n.9 noas 1eeg'ss a e
a ~ ~ Mat hs s ~, sa y ,e ~
n'9,o5 Mn5. tos ~ NV. ~ Wills III tto Seei,s.
t..a, rt;,,, .1J usIaJ uoel 1es.eu ~ aa'oss
mt difiicut Ia n,.a u I'D ts,iss nn
T., snooso @ oa femamoerea @ Every sl9ou deposited
~ T., naY,nGs @ ~, nsn. 4uanlAnea ehp!oyment e H.,
IN uaonse .oa1 A'A WV ssA' A1a s"ao Asopa 0na
!" 1noney. ...u., A., .,, a..
country nan ha,5iy @ n,,da1si.nd o saD'o'' IL 'a''
Souo''' 'An 1'AaI1 ~ aIusts,nnr ,uMsms,r,
popu.aalsy q taeso institutions n ~ East. IL
Inc e1nso spaee 81 h eo Hn,on Fs,s1oncs
pes ssnt On deposits wtsh o.csp1ons g. Of veTg
1ssKo 1.5H ~ E'asd ,t o. aepos,ts' yls!as G!ov y
la1e !he aepoalts 70 tl'e @ saynEs M banks Q! W.
state smounsSa xa,a 10 70 ~ whiIo IN lsat
oa,I "aa 1ye9 s1tfgou. 'a n the tnsEess noa moa'
eompa1se uAnh ou.nns y .ne ~ Wn'eo o@sseS -
SAYINGS g. @ 1sna near, near S1w t, fotx es1 cty:
~ u ~ oNen ussaa uat .no taie o. lntofes!m eas!;.o
pef oonfIsIowea @ on aep1alts y below sl.o tn'soS
tatosi ta Th ~ s.ao na1 tIole y gtaha feasoa
%, .va ~ ne n,a osks .ske no saRp ans no
nsso " cutno anto shatp compeat1oa Mlth tIe
oommef! 1ie;a nanks IN tue purchase of valuable
eooasas'oa Ecu laey ats compelled. iuEthesm1Es 70
,Iss xssp = ,nsko saIp'as on nAna eafan9 aothinSt
tnef hta snsoftaetng oxPenses sro heavy s1d tnG!
psy pes.o1 ss'a.1ea los ctefeat "ofk. a.! w
selvea 20 reduce Aelr rate Of lateFeat. but u
noa OF snis tnsy return 70 their nepositots aoso.
tass ILL.,. eoonrsY: S9 see!.! isRlt,mate savings
naaxs eYes ~. Ihe franklin uaak came 10
etie1 20 re o!oAIine- House, WIN Nhtch eas. .
lags hank % has nothing legiamAteIy to 40. ~
same sprlies to other banks where tue aaV'nas
department was merely III appsndago Of COED