The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-01-01
THE MONTANA SAVINGS BANK.
Its Increased Deposits Bespeak n Healthy
State OF A fairs.

Its Increased Deposits Bespeak n Healthy
State OF A fairs.
While there have been Some complaints
Of dull times in Helens. the business of the
savings banks. which can be taken as a
people, show q different state OF affairs.
The Montana Savings bank can be cited as
IN instance. Its deposits hRve increased
from month to month. showing that whilo
there has not been a great amount of i'm
provement. the laboring GLASSES lave been
very saving. In fact the general business
Of this bank shows that the prosperity of
Helena has been much greater than tho city
has been given credit for. The Montana
Savings bsnk was started in May, 1891, and
since that time has opened over l 200 40
cunts. The deposits have increased right
along; In fact, not q single month has wit
messed q decrease. Besides. the bank has
prospezed sufficiently in the short time Of
its existence to pay its stockholders about
10 per cent net on their investment. The
savings deposits alone amount now
does not engage in commercial
business. 1t confines itself strictly to the
receipt and care of savings deposits and
trust funds. and therefore especially CON-
mends itself to trustees, teachers. clerks.
mechanics, miners, laborers and all others
who wish to lay up their surplus earnings
and idle funds where they will be safe and
also produce an income. Deposits are re-
celved in any sum from one dollar upwards.
Interest at the rate Of five per cent is paid
on oil deposits remaining in ban three cal
endar months or more. Children and mar
ricd women can deposit money in their
names and it annot be drawn out by 9th
ers. interest Is credited or paid to depos-
itors on the first days of January and July
each year. and may be drawn at any time
thereafter. Interest not drawn out is added
to the principal and bears interest at the
same rate. thus giving depositors compound
interest twice a year. Certificates Of de-
post are issued for six months or longer at
higher rates of interest than allowed on
book accounts. The bank also loans
Its funds on first mortgages on i'm
proved real estate. exercising at all
times a conservative policy. The easiest
way to get d start in life is to save a part
OF ones wages, salary or allowance, and de-
posit it in the Montana savings bank of
Helena. The money thus deposited grows
during sleep. likewise rainy days and Sun
days. After a short trial one becomes 80
accustomed to this mode of saving that it
gets to be q second nature, which no one
will relinquish until there is a snug NEST
egg laid aside for old age. The officers of
the bank are: president, Wm. .. Walton;
e Mshn,I James M. Tp &c trustees; r. L.
Billiard, W. E. Walton and James NJ.
Tucker, The aggregate wealth of the
stockholders, many of whom are Helena
people, ia many millions. With few excep-
lions they are all experienced bankers, of
large individual wealth. Under such cir.
cumstances the prosperity of this young in
stitution is not to be wondered at. The
late Col. G. A. Broadwater was one of the
trustees from the beginning of the bank up
TO the day of his death.