Pine Bluff daily graphic., 1903-09-13

amount ten years ago io,oOoouo
Amount in 1890 $1,000. Il, $4,000
Savirgs deposits ii Chicago banks
have passed the 100000 900 mark
in the past year they have increased
npward of So ,000 GOO, or more than
according to one of the bankers in
eerested. Chicago is just beginning to
34nrn to save.
The savings held by Chicago banks
IN 1890 footed up only $12,35%,0S8. In
1897 they mad only doubled the amount
neld seven years earlier, while in the
sast six years the amount has been
more than quadrupled.
Chicago is just beginning to get
ats education in the matter of saving
money" says one of the leading bank
presidents "The trust companies and
savings institutions have been going
out after the people in the past few
Vars as they never did before to
,,low them how easy 1t is to save
money and how valuable thing 1t Is
- have a good balance in the bank
Gives Official Figures.
The Introduction of the little steel
banks has started thousands of people
20 saving money that wa; wasted be
fore. They have imbued many boy
and Girl wage Garner, as we'll as older
yo1k. that 1t is good idea to put aside
something for rainy day. And 50
iny as has been observed the accounts
that are started in that way grow and
grow ard are never withdrawn except
in cases OF absolute necessity.
The increase in savings in me last
twelve months has been the most re-
Jnarkabe in the history Of Chicago
SAVINGS institutions. with the excep
aion OF that in the calender year OIL
1902. And even during the last month.
while several strikes have interfered
seriously with the earnings of thous-
:ands Of the wage workers. the Increase
;.as gone on steadily. In one Of the
hanks that pays particular attention
30 savings business it was stated that
the average amount on deposit in its
savings accounts was increasing at
The rate Of between IS cents and
, dollar day.
Little Banks Useful.
The rapidity with which the savings
have increased is best illustrated by
the figures furnished by the banks
themselves In the statements they
nave just made to the auditor OF pub
lie accounts at Springfield.
Helped by New Banks.
A considerable portion OF the IN
,yease in savings deposits has been
.1ue to new banks. six OF which have
added nearly $4,00o.000 OF the total
xain OF the year Three OF these
hanks were started to do only a sav
lngs business in localities that were
not furnished with opportunities fo'
saving before.
The most remarkable gain was thai
of the Illinois Trust which showed
savings increase of nearly s8.OOo.OOO
But this bank has upward of 100.00'
savings depositors-enough to make
larger town than any in the state out
side OF Chicago.
The Hibernian, Home Savings, MOI
chants Loan, State Bank, Royal Trus
and Northern Trust also made notable
gains. The Royal, for instance, In
creased its savings about 80 per cent
after doubling them year ago.
Notable Instance Cited.
Quite remarkable instance OF TN
Importance OF the savings business II
local banking is furnished by the ex
perience OF the Pine Bluff Trust Com
pany, whose ad. appears elsewhere il
the Graphic. Although the younges
bank in the city and began busines
during the dull season of the year.
started it's savings department onl
three months ago. 1t now has saving