The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-18
Dormant Deposits
PsuDIsn ssr iAs
Banaerx


rant accounts.
The savinss hanks are putting sorth un-
usual efforts Just now 70 dIscerse tAs
ownership OF dormant accounts. Ths e.
position % such funds has long eiven the
banks trouble. and the efforts o. the leg
islators at the last session 70 place DOR
marft accounts under state eoatraa or to
divert them 20 other uses has arouasf
their preent custodians to the need q
prosecuting careful investigadons VALE
some fthe banks DO everything pousibis
10 ascertain the whereabouts 81 lang-fost
deposltons. ethers have given less attta-
ton to the matter. and have never par-
sued their investigations. = = said, N Z
systematic way. The problem was ean.
sidered at sength at the recsat maStlne
in eNw York City OF the savings BanAs
association OF the state Of New YORK. ana
ave or tho banks have lately Issued s.ats-
ments giving IN detail their Way e esor.
coming the difficulty.
| Edward s. Dawson. president a N
onondaga County Savings Bank % ayra-
clase. IN a recent letter TO bankers N New
York City explains thus ne Efforts en-
ployed BY his bank 20 reduce tbs arsfe-
4 m.1NA|E
/ OF dormant accounts n savlnss hanks.
which has slielted 60 much disepsssoa IN
the legislature. and which has hrouRhR
about such persistent efforts 10 get these
aeeumulations out OF the savings hanks.
where they belong. and into the STATE
treasury. where they do not belong. / an
led to explain the method pursued BIZ thls
bank 20 reduce and keep down the nun.
Der and aggregate OF such accounts, ana
10 recommend a similar course Of action
by all other savings banks, believing tkaa
by constant and systematic Efforts IN thia
direction We can reduce them 20 q Verr
small aggregate. and remove the bue-hear
which has been 50 terrifying 90 our lav.
makerA IL has been our praetics fac
many years 10 Indicate by chack marsa
on our accounts the dates 20 which ne
CORES ponding pass-bo0k have bS&a uSlt-
ten up, and OF course In looking up The
dormant accounts. We need rot 20 rack
OF teh eheck-maFk 20 deterunina the are
OF the account. out simply count forward
from the date OF the checking. We have
given a great deal Of time and iAhor IN
the pact IN trying to hnd the ownsss az
accounts which have not been reeeesse
urging the presentation OF paas-hooRs.
Beginning In 1894, every pass-book ~
sued BY this bank contains q conspicuous
notice printed in red ink. as folio@s: ne.
tioe: To prevent errors or omissions. the
book must be presented AZ thls baak a
often as once In each year. in order thai
Il may be Writtcs up. the dividends en-
tered therein. and the balance ahoWn. IA
payments Will be made except upon prs-
seniation OF this BOOK The praetics o.
booking for owners Of books which have
not been written up within twc or mere
years IL continued diligently ana psfsis.
tently and every effort h made 10 reaoh
them By letter circular or 81 oer.
.sonal inquiry, with the result mat sk ths
present time out % $50 open aecousts.
and total deposits Of more than eiAooaaea.
We have only e accounts leas than e.
and III accounts % s. and upwards, &C.
s'thsr asgrega;lng Bsit. including lnsers
ar. which are classified ~ tUea.v-7we
years OF dormant accounts. aud shleA
lPve cea 'ed &C scar interest ne IS az
counts les than Is eAh amount 10 enly
Sl7s. while the l5i accounts Of s and ever
average bat n fraction more than "a
mant accounts. including intsrsse. 4 a
small fraction more than 10 cents 60 sash
account now open on the books OF the
hank. and less than "a Ia cents on each
si.0o OF our present total Of deposRa.
None Of The aforesaid accounts have been
closed on our books; they are s,iii open
and SubJeet Go the demands Of tha g.
posI;ors or any party Ssghtfully claiming
the money. The obHeation Of q ssSfag
bank 20 pay proper claimants h fully
recognized. such obligation never b..
comes outlawcd ard never ceases until
thu claim Il paid
The Brooklyn Savings Dark haa. per-
haps. the mas: elaborate system % kssD-
ing check OF accounts and tracing DEPOSIT
tors. A detective r. employed Zoe sust
such work. Thirty years ago a French
sailor made a deposit vita TIE bank Ne
left the c0untry soon afterwards and Wns
never heard from again. Ths cuatan.
house records we're searcAsd and fhe
manifest Of a Etesniss which bad aaiIef
during the week the deposit vas maes
Disclosed tbs mans name among ths Ne
% Its crew. marine insBrases eoRDanv
Ras then appealed 90 foF information ~.
speeding the ship. ana n wa sooa learn.
Fl that tAe vessel had been net On bss
voyage out The French consul IN Hsw
YORK vas communicated wnh. aaa shs
bank opened correspondence wfh taa sa-
thoritles ~ The town IN Ehich ths maa
lived. TIE deposliors relatives Wsss hs-
ally traced. and the money. si.so IN Ell.
turned over 90 ths public saminstrssof
for their benset Another case sqssiiT
Interesting Vas that - q secrstfEa o..
poslior. Nsbo prstefrs5 TIA; no ore sbsuia
know that ~ had siasts3 = bank as-
count, isfrs dsVosii. nsds yssse sE8.
had grown steadily. bot boislnG eoaia -
Earned respecting TIE mans wssreasguta
Finally o; 49, fgand that he Was SsaA
but that q dsJEhtsr vas probably asivA
Ths detective iocsied her ~ = SsW Jsrs
- town. sns President Eralth hnAiiY
rave her g. ~ which hsr fashsTs espssi1.
EiiA Interest. sfn0BHted g.
women are sai8 % BE gf'snfiasza mn1s
IsrEetsai sb9gt shTir scc9ansa. sens e
.hsn EiH n0t bsiisTs tAat Ehsg hare
Money "a a bank. sCf ons instanes u ~
ztsss where q s8man cgsid set - pr.
ruaaed that fbs had fns.5s a a~p1sa anff
,hgvn her name ia as tsst-Bpok. TIA
Br5ossysbznk hol4s ass bit Bsfia ever
10 G in dormant see5aata- A5tagsthaf
s.re are sz5s % - asstyaoe u ssEh So
-.us.s bed IN Ns~ York statA - fAs
Irsoent rnors shss hsa - sid q - -
,eposif via hires saaks n Nee Yea
ssy. Accounts beossBs -Ssfzasl-' after
Esaiy-ts3 yesrs-
WHERE TT WOULD FLOW.
Al asnssss q 4 asas N ggiebssa fhas