Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1913-06-26
LOCAL POSTAL
BANK NOW 9Th
Perth kmboy Has High Rank
in the State,

That the postal savings bank is
growing in favor In this city is evil
dent by the fact that Perth Amboy
stands sixth in line with large de-
posits. At the last official account
ing on June 1st. it had 248 deposit
tors with $26,178 on deposit. New
ark leads the list of thirty postal banks
with 1888 depositors and $l19,715
on deposits. The Newark branch had
1896 depositors and $64,358 on de-
posit June 80, 1912. At that time
Perth Amboy had but eighty-fve de-
positors with $2,94S on deposit, hav-
ing been in existence but a short
time.
"The first depository Office estab-
lished in New Jersey was at Ruther-
ford, and at the close of the fiscal
year, June 80, 1911, the system had
been extended to six offices of the
ended June 80, 1912, the repositories
were increased to 203, including sew
en- branches and stations.
During this same period the de-
posits increased from $5,297 to
$358,841, the number of depositocs
from 21S to 1916, and the average
principal, per depositOr. from $24 to
$48. On December 81, 1912, there
were 217 repositories in operation,
with S,995 depositors and deposits
amounting to $527,423, or an aver
age of $50 per depositor.
"Up to March 81, 1913, the latest
date for which these figures are avail
able, the total amount deposited was
81 200, 1855 and the amount with
drawn $592.462, leaving S616,893 10
the credit to depostors.
"On May 81, 1913, there were 1913
Offices with PIT repositories tinclud-
ing branches and stations) in opera
tion and of these 1913 offices 191 were
of presidential grade and seven four
tn class. 1t is estimated that the
amount on deposit, on this date, was
$646,000. "The funds were deposit
ed in 180 banks, of which 128 were
National banks. II State banks, l
savings bank and 40 trust companies.
the $685. 900 is exclusive of $27 $50,
which Is the sum withdrawn by de-
positors for the purpose of buying
bonds.
"Of the s646,O00 s376,133, or S.
q per cent, was on deposit in the
10 Offices having SIS, 900 or more on
deposit; s440,307, Of 68.2 per cent,
in the 15 offices having $4,000 or
over and s53S.127. or $50 per cent,
In the 28 Offices having $4,000 or
over on deposit"
OF the s358,841 on deposit June
80, 1912, 1921, ,264, or 64.5 per cent.
was held by foreign born whites;
s123,544, of 34.4 per cent, by ma
tive whites; $3,881, or IL per cent.
by negroes, and 1852, or less than
tenth of 1 per cent, by other
non whites.
OF 1916 depositors this year A.
457, or 59.3 per cent, were native
whites; 1858, or 38 per cent, fore
ign born whites; 1877, or 20 per cent
negroes, and A, or one-tenth of l pei
cent, other non-whites.
Application for the conversion o1
deposit accounts. into postal saving
bonds have been made in the State fol
$16,42O of the securities, and amo IL
| the applicants Newark leads. The
next issue of these bonds will be
made July 1 next The bond appli
cations for $500 and more have beer
made as follows: Newark, S5,520i
Trenton, $500; Jersey City, 81,
900; Vineland, $1,000; Dover, s940'
Newton, 5000; Rutherford, 5000
Glen Gardner, $3.50; Washington
800; Passaic, $500; New Brunswick
$500; Weehawken, $500; Camden
$500.
| A compilation shows the following
data for New Jersey offices:
| u