The Washington times., 1911-11-26

/ opsSk0GOu hfoiu tuc uuanClhI 0ID4
trict to the Army and Navy game yes
| terday.
Interesting totals and many especially
interesting facts were brought ont 1T
| the meeting of the savings bank section
tori OF the Security Savings OF Los An
geIes read a most interesting paper.
He showed that the Monetary Com
ihrsa hh,ssions u. . publication proved that the
continually encroaching on each other:
that the percentage OF growth favors
trust companies. State commercial
banks In order named.
There is now over Si13,0O0 900 demand
deposits In capital stock savings banks,
ssylnss and time IN
ings and time deposits in trust COM
panies. $7l3, 100000 savings and time de-
posits In national banks. and s1.sl7,0oo-
600 savings and time deposits In trust
companies. Throughout the country
$500 national banks are now receiving
savings regularly. and many national
large cities through control of allied in
st.tuttons or on the trustee plan.
The report of the committee on meth
section is decidedly Interesting. ~
Two Of the most interesting questions
and answers in a list of twelve follow:
No 10. Have you ever had to sell
or part to satisfy the demands OF
The answers to this question are .
revelation and refute the arguments
often advanced in support of the
proposition that a savings bank must
sooner or later cash In Its bonds for
the purpose Of meeting the demands
OF its people. six hundred and fifteen
banks out of 81 reply that they
have never had to sell q bond or call
IN a mortgage for such purposes. and
1 w h hfnl h 1t.l
| to do have done 80 under conditions
such as obtained in 1898 and 1907
Many banks admit that in the reducs
change Of policy they have sold bonds
! to meet withdrawals. but this has
been anticipated when the step was
taken and cannot be classed as seils
ing securities under pressure. 4 very
few-probably less than twenty-fivs
report that they have called in
mortgages In whole or In part to
conclude that savings banks as 4
whole operating with fair margin
| OF cash reserve need not be over
inpPrehsns;iys iIT on the question Of sell,
No. H.. What has been the general
| effect of the notice of withdrawal
upon deposits and depositors when
Fifty per cent of the banks report
that they have never been obliged ID
! enforce the notice of withdrawal. One
Jain III massachusetts,, In operation
ninety-three years. states that they
! have never had occasion to fall back
1 on this safeguard. while another in
New York in business sixty years has
| 1898 and 1907 are perhaps the only
occasions where this has been widely
| used. and where used with proper
| There are banks. notably in Pennsyi-
! vania. which require notice on all
Withdrawals. and therefore never exs
feature Of the business A few, quo5
tations on this question may be in!
teresttns from the human interest
General acquiescence." "a
Increases the crowd and decreases
"Baely scared and the notice scarsd
The depositor takes his medicine. bat
with wry face
The depositors treated us nicely. but
During the panic we were scared
blue"
Where there is competition the rnie
is demoralizing: otherwise the public
get used to II and arrange accordinglys
Everybody usually wants all their
ultimately all the notices are with
drawn
"Timid during the next crisis."
"Depositors disappointed. Few get
mad Restrictions renoved-confidenc
restored-things go on as usual" 81
,o,;D Wall never n.rus use e. II again unless the
Made, US a. lot of friends" T
| Pad. Carried us nearly to liauida-
| ton" n
Shows strength rather than weak-
ness" T
BAD. Sign Of weakness" ~
Creates NEUTRALITY-SUSPICIOUS. deposits
| increases Withdrawals" ~
Always serves its purpose. Out Of
one hundred ten WITHDRAW"
"Depositors perfectly satisfied
"Depositors regard it ss a reasonable
bank is entitled to notice"
| Three or four depositcrs got fresh IN
1907 and we asked a notice Of them
Just to show them"
| Educated the depositors in savings
| banking more than anything that has
occurred at any time before or since. 'sT
"Dissatisfed at first, but general calm
I'm 1907 the depositors We're better
eSucated ,s ,sos and behaved very much better
I'm 1907 all savings banks in Conneeu-
the depositors without question"
/ Not well received
! mo Ill effects" s
Decreased deposits" =
Had a reassuring effect"
,r,,a,,ua, mAs q whole not good; they are dis
mo detrimental effects"
a., 'Apprehensive in case of future with
drawals."
HELPED stop the run
! "Unsettling."
/ stopped the run Immediately in every
| case" ....
| In the long run salutary effect"
"Depositors much more reasonable in
! 1907 than in 1S93."
| Excitement over In few days"
! only 200 out of 5000 depositors filed
| notice. We were sorry we required it,
Sn H.
No bad effects"
General effect not good-always re-
! gretted it," IJ