The Meeker herald., 1898-04-30
THRIFT In GERHANY.
asvsns, aan,, Wen 1aAsunassa h
ths yadssaanA
~ WAsse FOotea1o Doos oeolAAng8,
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0alssy eoA 1sssAA.A-


n osrma.y the savings baat sys-
- y managed BY the municipal gov
efnnenta. instead OF the national au-
thoritles, - IL, England. France. Bel
gium. Italy and other European conn
tries. The sy4tem dAtes back for near
" . century. and. with he exception
OF some unimpoftant details, y nni-
form shreushont the empire. German
thrift 10 pxuvefbt0. These eSe NO other
people h tie world who can Do without
iuxurses and things thss thsy do not
actually need with 10 great . degree
Of eontentmsnt From the cradle the
children are taught economy. It. kas
musA Q nAtter of education ~ the
catsehism. In some Of The schools the
children are Instructed 70 gather during
their play hour, and on their way to
and from their homes. all such sap-
parentiy valueieas objscta a. OLD bottles,
tin cans, refuse metals, etc, which are
sold TO the junksbops and the proxeds
deposited to the credit OF The sshiM
in the nearest savings bank. TheAime
spirit that insptxss this eeopomI ms
caused the number Of depositoEss IN
the savings banks Of the smpiEs r. ex-
cred the number Of HOUSEHOLDS. II IL
often the case that every child and
every servant IN . family has big own
account at the bank, which. when II
amounts to . certain sum, u Withdrawn
for permanent investment. 70
The usual rate Of interest paid by
the municipal ssvings banka in Ger
many Is three per cent. and. although
their management Il intruated to the
municipalities, the banking inspectors
Of the general government exercise
supervision over them There 10 usual
w O general odicc, with director in
chief At the city, hall. whosc principal
duty is to receive renittanccs from
branch Offices that are established In
every ward. .Thase funds he invests
in government bonds or in securities
Of equal value. The latitude Of invest
ment is much greater than is allowed
the postal aaying. banks authorities
in England and France The funds may
be invested in gilt-edeed real estate
mortgages. and even in the erection of
buildings, but before this is done the
proposition must be submitted to tho
committee of the common council
which has Jurisdiction over the aav-
ings banks. This committee, which is
composed of practical finnnciers, bnnk-
ers, merchants and manufacturers and
men who are in the habit Of handling
| money. nets a. n sort OF board OF d.
rectors for the system.
In Berlin there are - branch ohiefA
with isa ,0co depositors out Of popula-
tion Of 1850 GOO, and the total deposits
are little more than 10000, 900. In
Dresden the savings banks show q tttll
larger utility in proportion TO tie Hop-
ulatipn. Although the number Of fso-
pls IN Dresden Is only about one-Anh
al snany ns In Berlin. there are BALI
- many depositors In the sevtpgs
banks, and the deposits exceed $97 .6oo.-
900. In ecme Of the other cities the
proportion is much lnrgcr. In the tpwn
Of .Aix-la-Chapelle, for. example, with
only l1o,4so population, there are ever
100000 depoxitors. with credits Of more
than $50, 900 900. In Altoona. . city of
l4o, 900 people. thsre are over 10000
dspositors, with nearly so0,ooO,0 90 to
their credit. -.-, =
The late Emperor Frederick was =
great believer In the postal savings
bank system, and II he had lived It il
probable that it would have been adopt
ed in Germany long ago. -
In addition to the municipal savings
institutions. there has been a system
Of private associations, known as the
Eberfeld banks In southern Germany,
for. the last rs Or 80 years. which are
managed on plan very much like that
Of ordinary savipRs institutions in the
United States. With some improvements.
They are undsxs the supervision Of the
government. ard are inspected from
time to time byrPpblic officials. There
il generally a,central office, at which
deposits are received and checks are
paid, and branch Offices at various con-
venient locations for the receipt OF de-
posits alone. The amount of deposits
10 limited by law TO 5000 marks, The
rate OF interest Is fixed annually on
January by the board Of directors,
and formal. advertisement is made, of
that fact In the newspapers. At pyee-
ent it is three per cent. Under the
rules Of the bank. not more than, POO
marl1 can be checked out. on anyr one
day. four wee}s. notice must be given
\ Tor the Withdrawal. of,i 900 marks, ,apd
pnder. md six Rths' potice OF Ia zGer
sums. although the board of direct9rs
cen suspend this rule ut thsir ditsFe-
1 tion, e,,,.. ~. . ,-r ~.
The hr,t; bank Of this kind VAS ~
tablished in Frankfort in 1888, and dgr-
ing the hrst year there were 294 de-
positors. with credits amounting to 60
s34 marks. Atthe last report there were
s6,6o7 depositors out Of q populatio4 Of
22s 900. with credits amounting to a.
a1s,697 markA-Chicago Record.
i The Best Liniment. Chamberlasu's
Pain Balm Is the nnest on earth, )" writes
Edwards e f1ikSf. Of Plains. Ga. This
is the .verdht Rf 'Ml who use #. For
~ 4s.au1LxfL4stnxL ..-. ,p