New-York tribune., 1909-01-05
hvpotheses. which might not be verified in prac-
tice.
SOUTH CAROLINA. Giles S. Wilson State Bank

SOUTH CAROLINA. Giles S. Wilson, State Bank
Examiner:
ue No. CD Large majority If not all banks
opposed no not nnGW s sentdmsns OK se FIRST
there is no necessity seeond II r ss,ashis ioss
Possibly is some Sums now on deposit with exist
Ing banks. both classes, would be transier,reu ,ns
department. (5) There are only eighteen o,tt, to
twenty banks in this state that make v sPeeay son
to about ss.5OO.ooO There 27l banks; nj all all
aSs Savings I'M t6s
in state viii amount to about SlsGGe,ooSS
ments of commercial banks. CD Practically an
banks + In b the bee that ave no ore
would be brought out than is hanks on would be
taken from existing banks Largely, That sar nna s%eG
now is snS sfh le lon Thst With
tai bank such funds would be transterrTu az AZ
os uSere fbev are most needed Postal savings
banks are not wanted in South Carolina
SOUTH DAKOTA. John F. Jones. Public Exam
iner:
No. f nanRs hk @ Saafay ff is os
in favor of this Merchants apparently are ] not ID
% times g. Of dhe eand bfnks peope @ Sl
banks and that many depostors VIII s es gut % south
l9esl banks ds Da San 2 only sous ID
fss S sessa s asvns as Many
banks have savings DEPARTMENTS but TVS WE nave
that our banks iii all needs All accept savings
at fair rates. What need is law covering
proper investment of savings. 90 NO answer.
WISCONSIN. NJ. C. Bergh Commissioner, of
Banking:
ID No. But very little talk or agitation heard;
t2} So far as am informed, banks and MERCHANTS s,
o Beed IF taxing
the OctE al wheTe It Is ses to 10 nk viii
hurt them greatly But few strictly savings esnh
IN have sTings deparments a Tie eerscses ana
savings represent about .wothirds Of total deposits
only three Deposits about si,5ooOoo.> (S3 We ex-
ence to how savings deposits shall be invested
panes doing a mixed business 80 No answer
WYOMING. H B. Henderson, State Examiner:
% No. C0 No expression. g. Government be- be-
coming a competitor in the banking business. ~
Deplete the deposit account in some instances
f5) One (6) No demand here for savings banks;
s. Pay s. OuF st savings Pix WOULD
disastrous TO the inter-mountan states. we heso
eoT AZ we cannot retain it. because only
tona banks would be as aoss
TO their limit already; consequently the money
@ Se ass a6f of the West The writer has
sympathy with the matter and regards il as mat mat
5snss am fss es9nqR to 59oEns gen
dia thsf Vng % ne' bsnfg wog benet the
few. Let us raise the standard of the banker,
make Il more difcult for men to get into the bust
whose character or business Integrity is aues,
the lack of confidence in institutions. There
will then cease to be demand for postal savings
banks guarantee of deposits, by politicians or
any other persons.
COLORADO, Henry NJ. Beatty. State Bank Com
missioner:
a. do not think there is a demand for posta
| savings banks. They discussed TO some extent
but not generally CD Banks in smaller towns OF
state are not favorable to postal savings banks
(s) Colorado is in constant state of development
and outside of a few of the larger cities the saw
| ings deposits do not amount to large sum, as
the savings of the people in these places are gong
| into investments or paying for property ALREADY
| purchased. In the larger cities the savings De
poStors well taken care of by conservative aho
| we'll managed savings banks, and trust companies
| with savings department. These banks pay =
| and per time deposits tD Would nat
| urally affect savings to some extent; in larger
| banks would probably reduce the amount of time
certificates, and in the smaller banks in the state
would greatly reduce their inactive accounts which
would of course cause them TO reduce their loans
| savings BANKS with deposits amounting to 1851
1922. i6) Not entirely. C0 The savings department
of the trust companies and the time certificates OF
| deposit in the larger banks. and in the smaller
| towns. where both commercial and savings banks
could not pay the savings accounts are taken care
of by time certificates of deposit. () The fact tha
| the Legislature of 1907 passed a banking law anC
| created this department, which has supervisory
all the banks OF the state tother than nation
alb IS bound TO have good effect and create great
| confidence in savings banks-this, together
| with Colorados prosperous condition, WILL in ny
| opinion. greatly increase the savings deposits.