Daily capital journal. (Salem, Oregon) 1903-1919, 1905-01-02

The bank reports showing the aggr'-
gate savings Of the people who have
placed the fruits of their trugaIltl III
the several savings institutions pre-
sent one encouraging feature of our
American life, and it is made moro en-
couraging when placed in contrast WIN
the reckless, s]pcndthrift practices Oh
the larger portion Of almost every
community. Not ouly are the aggre'
gate savings of the people of mail
means placed at q good figure, but the
savings banks themselves are IN a
highly prosperous condition.
In considering the prosperity OF
these institutions it is worth consider
ing the character Of the patronage
that is accorded them and making a
comparison with that accorded the
concerns that do a general banking
business. The people who patronize
the savings banks are a separate and
distinct class.
There are the people whose earnings
are small and who put away at stated
intervals, each week or each month, a
small percentage of their earnings,
This percentage is necessarily small
because their respective incomes are
small, but the aggregate amounts to
something satisfactory when the prac
tice be extended over a period Of sew
eral years.
The dominating factors in business
life are men and women who are adj
characterization to get rich in
hurry. They handle large amounts,
or think they do, and are not among
those who patronizc savings banks.
According to their spectacular no
tions, the matter of placing a few dol, |.
lare each week in a depository where !
il will draw 3 or 1 per cent interest 20
each year is a too slow process Of max y
ing money accommodations. ~
Yet the history Of the race proves {
hat the patient saver who finds his !
'eserve fund to be a little larger with u
zach succeeding month is he who wins I"
n the long run, and in the end finds
hat the Spectator and the plungcr is VI
broken down old man. II
The matter of saving is one that has o'
furnished the topic for a good many III
ermons, but it is a sermon that can. p
ot be preached too often to all PEG. IL
lie that are disposed to grab at the ="
lany get.rich.quick schemes that are P'
before them. 1t is very neces.
lry that a young person have deeply
impressed upon his mind the notion ,
ga penny saved is a penny
1t is only by practices along
lis line that there accumulates Il fund "
hich can be drawn on when that ~,
'overbial ''rainy day. arrives.
The Importance of the practice of
wing is we'll illustrated by the con y"
tions Of the many who do not save. ~
persons income may be ten, twenty ~
fifty dollars a week, yet it is OBJ w.
rvable that he has little or none Of
is worlds goods and no reserve fund
d by. When a time comes that he
.uld like to visit his friends he must
'ego the pleasure because he has no VI"
.ney. SCI
Christmas time he cannot
Ike the presents that he would like '''
do for the reason that during the lug
lr he has spent all Of his earnings WI
fast as they came to him. Persons P''
situated are made so because they '''
'er begun the practice Of saving
The people who begin the practice of q
ing and who stay with it as they tho
lld with the tent Of religion, are for
Sc who surely enjoy an independence sun
the end. They may not see their evo
les displayed in the stock markot ora
'rts, nor be the leading charactcrs Geo
on "Frenzied F|inau.r.U for
they sleep well Of nights. and II =,
n their sun passes the meridian and Con
ms to sink slowly towards the west. oov
- "aue more enjoyable man
ugh the absence of that worry for
is inevitably connected with +bo c ,