The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-01-07
WOMEN EXCEL men
IN SAVING MONEY
This Statement Made Clear
By the Books of the
Savings Banks.
FOREIGNERS ARE LEADERS
rWENTY-THREE PER CENT OF
THE FIRST SIX MONTHS BUSj-
NESS is DONE DURING FIRST
WEEK IN JANUARY.

New York, Jan. THE busiest
time of the year at the savings banks
Is the first week Of January. The
president of the Greenwich Savings
Bank told an inquirer that % per cent
of the first six months business of
1909 was done during the first week
Of the year. The cashier of the Ger
man Savings Bank said that, speaking
generally the deposits at that bank
during the first week of January rep
resent Is per cent of the deposits of
the entire year. At the Bowery Saw
ings Bank, the largest institution of
its kind in the world, the deposits dur
ing the first week Of January usually
aggregate a little more than Is per
cent. of the years total business.
These data, which throw an interest
ing light on the saving habits of a
large proportion of the population of
New York, city generally credited
with the spendthrift habit, are pretty
well known, because the same figures
have served for half dozen years or
more. What is not so we'll known is
the part woman now plays in piling
up the assets of the New York saw
1ngs banks. If woman, as some per-
sons believe, is really more extrava-
giant than man, certainly the fact can't
be proved by the New York savings
banks.
Majority Are Women.
At the Greenwich Savings Bank, for
instance, situated in the shopping dis
trict and the first savings bank to
have separate womans department,
1t is occasionally necessary during the
January rush to open a dividing gate
and divert the tail Of the line of wom-
en- to the mems line, which maybe is
only one-third as long. But this is not
all. Says the president:
''Of the 1929 accounts on our
books about $4,000 represent, women.
These are exclusive Of several hun
dred more women who appear regu-
larly to deposit the family savings or
the husbands savings in the hus-
bands name
"A large majority of the $4,000 are
wage earning women, representing al
most every kind of industry and most
of, the professions. We have a great
many teachers on our books, also
many stenographers, typewriters,
saleswomen, factory workers., domes-
tics and others.
Increase in Deposits.
about eighteen years ago, before
the bank was moved from quarters a
little farther downtown to its present
situation, our yearly statement showed
assets of about $22,5OOOOO. Our as
sets now are see 100000 and the in
crease is largely due to the great in
crease in the number of women depos-
ftors, many of whom let their deposits
stay In the bank to accumulate inter-
EST. far larger number do not do
this. which is another way of saying
that there are more transactions now
than formerly connected with savings
bank deposits and depositors.
For example, we have woman de-
positors who, shopping near the bank,
and getting short at cash, run in to
draw the necessary amount which per-
haps in few days they bring back to
deposit, and depositors who after a
shopping trip drop in to deposit few
dollars they saved maybe by getting
bargains and which they may decide
to take out again a few days later on
another shopping trip.
Germans and Irish are the best saw
Frs and don't you believe it that only
the Germans know how to save and
that the Irish are an improvident lot
given to squandering rather than saw
Ing. 1t is surprising the amount of
money Irish servants often save in a
few years to send to the old country.
AT the most conservative estimate
It is certain that today women put 10
per cent more in the savings banks
than they did twenty years ago. ire
spective of the increase In population.