The sun., 1896-08-18
THE SAVINGS BANK VOTE.
I,7Sa,SS. Dt tPOAITORs MINIS STATE,
SAYS SUPP. KILBURN.
The H>ssht Dollars w Itch They Move
Placed "a the Bnakr rud Hope to Get
RNck Number 7l5,O3o,, SS-Ne, Ircreuer
. Dapos,tn In the Last n ear, Dh5. 900 600

The H,s-At Dollars w Itch They Mnvs
Pinced iu the Bnuks nud Hope TO Gea
R,ch Number 5O3o., SS--No, I,cre.s~
. Depo-,tn In th- Last Year, 0t5.Oo0 600
ALBANY, Aug. l7.-superintendent Fred
erick ID. Kllhurn OF the State Banking Depart
ment has tSbulated the reports OF the 1877
savings banks In tie state, showing their hnnn-
cia. operations for tho year ended In Jane 30.
1906.
This tabulation shows that, compared With
the year ended on Juno 30, 1893. the total re-
sources Of the savings banks Of the state in
creased S44,24O, ,198; tho amount due depoat-
ors increased Si5, 1905 .ssa; the surplus de-
creased S1,435, ,352; the number OF depos tors
increased 77,O55; the amount OF depoaita mndS
during tho year increased Sl6,Ss0 1863; tho
amount of deposits withdrawn during the
year increased l,055, ,lg5; the amount OF
interest credited depositors during the
year increased S1,564.45s. and tho current
expenses for the banks increased by S54.o93
The following figures are taken from tie
Statistics tsbulRted by Superintendent Kilburnt
Total resources, SsO8, 75l ,42o; due deposltors
Oh July l. 1896 S7l ,032, 500; other liabilities.
S%l,I57; surplus July l. 1890 SD ,30T,S70t
number Of deposit rs July I, 1899, I,732,ispI
numler Of accounts opened durinp the yenr,
34j, ,l47: number OF accounts closed during the
Jcar, "6S, 1850; amount Of deposits received.
S215. 400, ,5jS; amount of deposits withdrawn,
$l0i, 90, BOB; amount OF interest credited de-
pos!tors. S24 ,95s. 727. currc..t expenses OF the
banks, S2,3gT. .808. .e
In speaking OF the operations OF tho savings
banks of the State. Superintendent Kilburn to-
day said:
Next to tho tremendous resources which
theee reports reveal, perhaps the most impress
,ive Of tho hgores quoted are those eho wing that
more than Une IN four of the population of the
State, or, to be more exact, 26ls per cent, are
deuostors in the savings banks, and that their
money Ia recr,v sd. invested. and cared for az
the low cost Of 3M mills per dollar per year.
This publication makes it opportune. especially
In view OF recent attacks upon the sa-.ngs
banks system, To state facts which cannot be
too strongly emphasized. Our savings banks are
distinctly benevolent institutions, organized
and supervised merely from ohilanthrop.o
methods, with the aim OF stimulating frugal.
y aud thrift on tho part of the poorer people.
The law expressly requires that .he State Su-
perintandent of Banks satisfy himself that
u proposed bank would be n public benefit he.
fore IL can lie authorized, and also to as certain
that its propOs> d trustees are men of RESPONSE
biity. character. and general fitness 'or the
discharge of their duties. This It is the un-
varying practice nt the superintendent TO do
with great care and thoroughness, and also 10
require such trustees to execute an agree :
ment that they themselves will defray the ex-
penses OF q bank until such time as II returns
81 per cent. net, TO its deposito-s.
NO trustee or Off cer OF n savings bank may
have any interest, direct or indirect in the gains
profits ther~of. nor receive any pay for his
services except for regular and faithful attend
apce at the institution: nor. directly or indi-
rectly. for himself or a. agent or partner Of
others, borrow any OF ite funds or deposits, or