The Washington times., 1910-08-05
WASHINGTON IS ENJOYING
MOST PROSPEROUS ERA
Record of Increased Bank Deposits Accepted as Proof of
Thriving Times in Captal-Optmistic Conclu-
SionS Drawn by Bankers of the City.

Washington has enjoyed ten years OF
Astounding prosperity in the period be-
tween 1890 and 1g19 and is right now
in the midst OF the best OF IL
More than this, Washington, together
with the country generally, Is slated 20
enjoy a prosperous fail and winter.
These statements can be made with
hnality as result Of the compilation
BY The Times Of the accompanying fig
ures on Washington bank deposits, and
as result OF canvass Of a number
Of Washington bankers by a represen-
tative OF this newspaper.
The table published herewith shows
that the total individual deposits OF
4 washington savings banks, trust com
panles and national banks have Nearly
doubled in the last decade. increasing
1910.
The most remarkable increase has
been ID the deposits in savings banks.
These amounted 10 less than a million
ten years ago. and are more than ten
and half million now The bulk in
crease IN trust company deposits was
greater than that Of the savings banks.
out Jhe percentage Of increase was less,
the trust company deposits increasing
from a little less than eleven million to-
more than twenty-five million National
Ddnk deposits increased from a little
more than eighteen million 10 more
tnan twenty-five million.
Index Of Prosperity
As 1t is a generally accepted theory
that there is no better evidence Of a
community's prosperity than the con
ditiOn Of its bank deposits, Washington
may be said TO be decidedly prosperous.
There nave been plenty Of other evil
denCes Of this fact. but none IS more
striking OF more easily comprehended
than that offered by the deposits in its
/ banks Washington has simply been
saving Money It has been able 10 nav
its bills, I've vel. and lay By an amount
that now totals the huge sum Of SIS
G21.776
The Times presented its figures on
bank depOsits-whiCh were obtained AZ
the Office Of the Comptroller OF the
Currency-tO Milton + Allies vice pres
lde1t OF the RiEEs National Rank W
V Cox, president Of the Second Ma
I tiOnai Bank; B. f Saul, president os
tie Home Savings Bank. John =. Sic
/ man: IT. olFecIof ana former treasurer
OF The Union Savings Bank. and An
drew Parker vice president Of the
Washington Loan and Trust Company
As Interpreted by these washington
bankers. the figures justify the follow
! ing conclusions.
That the deposits reflect the pros
perity OF the community
That the Government emnIove is one
. Of the biggest single factors in the
upbuildinE Of WashinEton's deposits
That since the classified civil service
became general and effective. Govern
menT employees have been more provi-
dent
That the Federal payroll takes the
place Of the wages Of employees in IN
dustriaI and commercial communities,
and in many respects causes steadier
and greater prosperity.
That the 135000 permanent white popu-
latiOl. exclusive Of Government en-
ployes. has benefited from a steady and
E substantial development Of commercial
and Industrial interests
That one important factor in fncreas-
+ ing hank deposits has been the acquire
ment by the city Of a large number OF
/ Wealthy people as residents
Saving Habit Stimulated.
That the increase in the number Of
I savings banks from four 10 fifteen has
/ stimulated the habit Of saving amozg
/ the people.