The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-02-13

drawing semi-annual dividends, but are
intoxicating into the young minds the i'm
portance and value OF dimes in making
dollars and dollars in providing safety
from sfuture financial stress
The increase in savings during the one
year just past Is very encouraging as an
Indication that the people of this sec
ton are coming to appreciate the great
importance of saving a part of their In
come.
The man who spends all he makes is
making no Roadway in the world. He is
an absolute nonenity in the community
and will pass out from the world as he
came into 1t, making hardly a ripple on
the ocean of human activity
The savings in the banks of Birming-
ham represent something like $40 per
capita. That is, if the total amount
were distributed equally every man, WON
an and child in Greater Birmingham
would have something more than $40.
Can YOU claim your share of this money?
Or is your $40 deposited in the name
of some more thrifty depositor? II you
have no savings in the bank someone
else has his own and yours as well.
Foreigners are better savers than native
Americans in Alabama. The larger part
of the savings deposits in the banks OF
Birmingham is held by men and women
who have immigrated TO this country
from some foreign land
They brought with them the art OF saw
ing part of their earnings and they seem
to better appreciate the value of dollar
laid away for rainy day than the native
Alabamians.
Southern people do not save as well as
the people who come to the north. This
is not so much for lack of disposition as
lack of training. The banking institu-
lions in the large cities of the north have
for many years made 1t part of their
business to educate the people along these
lines.
The savings banks of New York, Bos-
ton, Chicago and st. Louis show large
gains in savings deposits during the past
few years Cleveland, O., | believe, shows
the largest percentage of gain. This is
explained by the fact that one or two
banks Of that city introduced the system
of banking by mail and for number OF
years have been gathering deposits from
all sections of the United States
Banks in other cities have adopted this
system and 1t is proving popular ano
beneficial. Through this means people
who live in the rural districts or removed
from convenient banking advantages car
have their savings accounts with prdc'
tically no inconvenience.
The banks of Birmingham were quick
to recognize the Importance and value
of this plan and people from all sec
tipns of the state are availing them
selves of the service.
The people of the Birmingham dis
trict are taking to the saving habi
to an encouraging degree and the In
crease in total desposits will probably
be much larger this year than last.
One bank in Birmingham which ha!
set apart one department for the &C
commodation of savings depositor'
opened $500 new accounts during thu
past year. This bank opened 800 new
accounts during the first Is days o
the present year.
| Increases in volume of business. Oni.
one bank in Birmingham shows los
total amount of savings deposits thai
year ago. This is explained by tn
fact that the particular institution ha
devoted but little or no attention t
this class of business preferring 9th Q
| lines though ready to take care of al
the savings accounts that are offered.
One bank in the greater city show
| ings accounts.
Most of the banks of the city pa
per cent on savings accounts. SThi
is paid. as rule, semi-annually an
compounded.