The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1907-08-08
POIiC0| Comment.
Sayings of the People.


Judged by the steady increase in
the deposits of money, that represent
the surplus of the many, prosperity is
moving along as usual. The savings
of the people are piling up at rate
never exceeded. A bank on the east
side of New York City reports that its
deposits have reached S1O0SOO,OOO for
the first time, and these credits are
held by $4,000 persons. The average
deposit is $500. and by law no one may
any New York savings bank. Its de-
oosts for several years have been grow
ing at the rate of S6,OOO,OO0 a year.
and the gain was as great as ever dur
Ing the last six months. Another saw
.ngs bank in the same city reports de-
,osits exceeding sol ,OOO.O COO. owned by
10000 depositors. an addition of 6,OO0
new depositors since January / last
One of Philadelphia savings banks
has deposits of more than $S0.000,O00
But this condition is not peculiar to
The East. 1t is general throughout the
country. In all the banks of Texas,
deposits have passed S500,000,O0O,
largely composed of small savings. Dur
ing the last ten years, or since indus
rial conditions improved, with gen.
aral demand for labor at good wages
an increase has been noted in savings
deposits everywhere in the United
States
The habit of saving is Of great na-
tional import. and it is gratifying to
find it so widely established in this
country. If each inhabitant saved 81
a month the sum would be Ss5,00OO0
at the end of each thirty days, or ST.
020,0G0O0OO a year. A saving of even
one dime a month by each American
would produce more than $100,O00OO0
a year. In France it is small savings
that enable the peoule TO loan vast
sums to foreign countries and enter
prises. Russia turned to France for
borrowed billions. Japan is going there
for its latest loans. AT the end of the
war with Germany. the thrifty French
paid at once, in cash, the 1000, 100000
indemnity imposed. Saving is SO uni
yersal in France that a child there
acquires the habit as easily as If it
were part of natures environment.
Forty millions of saving people make
a strong combination. The population
of France may be stationary in CEN
sus count of men, women and children,
but when all are trained in practical
economy they stand at the front in
material well being. and in that prll-
dent provision of money for the future
for which no substitute is known when
unexpected difficulties come.
As long as this reserve of ready cash
belonging to the multitude continues
to grow, prosperity will abide in the
land, for general savings are another
name for abundant employment with
good pay. Wall street may make wry
faces over the investigation of some
corporate methods, promoters of crop
sensations may exert themselves to the
utmost. and jingoes may prance to
break down speculative prices, but a
nation of busy workers can feel that
all is well as long as their labor is
wanted and affords return with an
encouraging margin for savings. Much
money is Withdrawn from the savings
banks from time to time to 60 into
real estate, but there never was a per-
iod when depositors were so little dis
posed to try plunging or go into get
rich-quick schemes. Good times are
still here. and the people can do much
at the ballot box next year to maintain
them Indefinitely.