The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-08
NEWS OF THE CITY.
Interviews with Prominent Citizens
About the New Savings
Institution.

gMDTlnF contemporary the rev orleans Jf'nea
that 1t Ind determined, for the cake Of an III
jured people. to set itself up an Independent
savings bank, this community has been all agoa
With excitement and the professional deposit
rFB, who have any money left are beginning q
200 another chance OF making disposal Of the
remainder.
The DEMOCRAT. always sensitive when the
public pulse ID beating. sent a reporter around
II fU Interview prominent citizens. and lay hands,
10 1t were. on their sentiments concerning the
noble Observation-Disclosures Of the Times In Offering
4 Nh save their money.
The gentlemen vino were seen answered
questions very readily, but requested that their
s names should be kept out of the paper. to which
The DEMOCRAT man agreed and, therefore. Will
designate them as III ahakspeares plays. as
First Citizen, Second Citizen, etc
The First Citizen approached was rather
plethorie man. who hal evidently seen better
times It'd the wholesale grocery business, but
showed unmistakable signs or having rubbed
aRainst at least two or three savings institu-
lions.
Rep0rter-Did yoa see the savings bank
scheme III the New Orleans Times, and what ID
ron think OF 1T
First uftIaen-Yes, saw the announcement
tn the Times of It's brilliant and entirely novel
scheme fur raiRing The wind. The more think
vi II the more am convinced It s good thing
tor the Times. Accepting the Carlyle estimate
of the enormous number of fools In the world
Ne are bound to concade the wladom aud prae-
Heal buslnass .eense displayed by the Times IN
departure The refreshing freedom from red
tape Hia the absence of the usually perplexing
ss a afb bsr ssSs and and s ~ bs i
4 epntMend Il to all those who have had sad espe-
rienaes in fhs savings institutions whose awful
u wrecks are almost hidden from view by The tow |
ering mas4 OF Law which envelopes them.
II banks around which every conceivable le.
gal safeguard was thrown have failed II Is Ger
tAtnly a logical conclusion that one entirely un- |
lrnmmeed, free as air and responsible only ID |
Itself will surceed and be Il beacon light to the
and henithr place TO deposit their shekels
III nave NJ desire 20 ohtrude my views upon the
toW I'LL ~ that nea ana
namental sign with solid gilt letters Oh 4 very
green back ground, would be elegant aud appro.
and leave his last greanbaek on deposit there.
Noulu deserve the awful fate that awaits him ia
E,,m N Other less securely guarded establishment
Rep. Do you not believe that United States
Der cent bonds, or lottery ticket would be u
II Nrst Oitisen-By no means Oh, no; not Nv
any means whateveri YOU sec this Rlori-
aggregate, aud the nation. not even be written
with q little y. Of course. In that event it's bonds
VIII rapidiY be quoted ~ par with Confederate
never OF hardly ---: excuse me- ! wont har-
row your feelings: and do remember several
lhe Times Savings bank, cir. permit nue. to OBJ
s . VII make Al other lottery schemes sick
Kep. ID yoil believe the plan will take?
First Citizen Take like hot cakes. air or the ,
lnaasles or the iteh-a fat take. In fact But
aes viii aSs every I, dollar arf LETT IPp BY con-
hdinE friends and give we'll. possibly. d re-
aalpt. hut,hpt lev IT not ask for too much re. !
ne lose our money. II
Rep Have YOU any fear that this scheme VIII
national banks ~ the resumption q specie /
Fret Citizen These questions smack of ley.
ffy. They are clearly irrelevant. and calculated
ssn throw rIdfcule upon the .deenest aud most :,
FlgEantic financial scheme II The century. Str.
nhHl low-pafad trickstar. sir compared with Tie \
genius Oh tho Times, and cannot be party to
an thing nat n hlnls a. Joke In thia matter.
ii First Cltizen- he money will naturally Fot into
tlan hank and from thence. by "a perfectly eaey Il
aud simple process, into general circulation h
ron gentlemen of the DEMOCRAT are either pre- n
1naiosd or nave not yaty clear ideas Gf finance
hide ita Really, your questions are too absurd, /,
: the reporter, upon this. etraightway went :,
Tor his next man. whom we will call ii
SECOND CITIZEN "
a He was tall. gaunt and possessed of d maa- y
RIFe brow indicative OF prompt deetsiun and ct
~
appearance showed that he also had had a v,
asshier or 90 TO cave his money. Ii
!. Ibid you see the savings bank scheme In o
lAa New Orleans Times? n
III aid not heard 81 II. though. !
l.-- What do you think Of Il.
.Great thing. eir-glorious. Fills want m
ong felt-in the Times uffiee. 10
n-Do yeu not believe that the United States -, \,
Insr cents or lottery ticket would be safer ~ n
A.-.No, sir There is ia element Of absolute o.
about this plan which is to be found hs
kaF
i, Yon. couldn't and a safer place for your sc
apney A YOU had II cremated, decidedly pre-. til
D. the Tunes Savings Bank 70 any other method Il
u hiHpusing permanently Of my money VII
A-i DO That is, believe it will take all it in
l,--Have rou any fear that this scheme will ~
nt%rfere mater italy with the business Of the
Iaaaonal banks or the resumption of specie pay
A--N-no; can't say that have. But the
unlect requires thought. Many large deposit :.
Times Savings Bank but AZ 1t Il always best To Bt
Ieep enough cash TO I've on and meet immedi-
ain q working margin, and may be able to drag
ut miserable existence. As for RESUMPTION
nss " fHrther aqng rhe depostors may BY
I'll the thing takes, what will become Of the
AL suppose you mean the money deposited
Ii the Times Savings RankY well, il good many
hings might he done with IL. II II came In the
orm OF pager, ior example. II could BE- exhih
Ted as ltlliputian postage stamp Of the value ,
i one mill. or 1t could be gained off as the bit
+ court. plalster used by Bernnardt when she
esratched nin point with her knee. In either
I these capacities 1t would work No into an /,
Interesting relic and would defy detection. IT,
u the other hand. he whole bulk of the deposit
Fere In silver. 1t might be Jumped aud melted
own into Q bangle Tor the bugzing Bee. or
Aaty hodRfn. or something Of that sort. The
money ~ Al right. There would be no trouble
d disposing 81 II III some useful manner. Id
ase OF a very horid and plethoric deposit there
niKht De SILVER enough to trepan the Times
nnny mans head though itwould take good I
val Df salvsf-say as much as a half dime-to
ever the entire cavity. But think you need
ave no uneasiness AS to what will become az
be money. So far as you and tha iepostors a.
&c concerned. it will never be an anxiety again, >
Ls--H How does the idea Of dispensing with iii. a,
enTors and capital strike you2 al
A.-The finest stroke Of genius In the whole
usiness. Heretofore directors have been dis
nnuished either for robbing the iepositors {
aemselyes or going fishing while some one his
ia robbed them. There wilt be none of this sa1
i the IIaEaes cnncarn. A. tor captal-MhY asI