Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-03-31
INCREASE IN BANK ACCOUNTS
SINCE DIES MONIES CLOSED
SALOONS. I
MORE MONEY ON HAND
THAN EVER BEFORE
All Banks With Savings Departments
Show increase in Small Deposits and
Bankers Freely Attribute Improves
Conditions to Absence of Open sa-
looms.

Des MONIES, March 3l.-While IT IS
closed saloons on savings accounts IN
Des Moines local savings banks show
an increase of deposits and some OF
this increase is attributed TO the effect
of a dry town.
Thirteen clearing house banks OF
Des Moines show deposits for March
an,ountinS to s36762 600, the largest
amount OF deposits that has ever oeen
shown BY local banks az this time OF
the year. In 1914 for the same period
they were s35 100000 and in 1913 they
were S3440Q,000.
There is a good demand for money
for real estate investment and for
building loans.
At the Des Moines Savings. which is
the savings institution of the Iowa Ma
tfonal. the March deposits are $500
00e. and show "a large increase for the
month 1t was the opinion OF the bank
that any increased prosperity due to
the closing Of thu saloons would pe
more strongly reflected in the IN
creased mercantile deposits. The
spenders will continue 10 spend their
money as usual was the comment.
but they will spend their money for
clothing and groceries and il may oe
some time before there Will be an!
noticeable increase in the number OF
savings accounts.
How Deposits Gain.
The savings department ofthe Des
MONIES National Bank which on the
first of the year absorbed the German
Savings. shows an increase of deposits
for the month of 100000. bringing the
deposits to $2.500,00O. John H. HOGAN,
assistant cashier. thought that some
of these accounts might be due to
closed saloons but he expressed the
opinion that it would require several
months to gain a comprehensive effect
of the closed saloons on savings &C
counts.
The Century Savings showed an in
crease of deposits amounting To $3.50
600. The Mechanics Savings show an
increase of $4,000 The state bank
also shows a good increase OF deposits,
The Commercial Savings shows a
March increase of deposits amountins
to $4,000.
Some of the increased deposits of the
savings hanks look abnormaily large
as compared with each other as
compared with the savings depart
ments of the national banks This
seeming discrepancy is due to the fact
that the state and savings bank in
cIude in the increase their commercial
deposits Some of them also do con-
siderable business with country banks
In the case of the bank doing a strictly
savings account business or from
which the country bank account Is
eliminated the Increase does not APP
pear so large.
Working Peoples Accounts.
Nearly one hundred of the accounts
for the month shown by the bank are
for amounts ranging from $40 up tc
$500. n. A Elliott, vice president. sale
today that he attributed some Of tbs
accounts TO the fac. Of Des Moines
closed saloons. A list Of fifty saving.
accounts taken at random showed tina
they were all new accounts Of work
ing people. Mr.. Elliott expressed tn
opinion that is was too early TO deter
mine how much effect on small saw
ings accounts the closing OF the saloon
has had Some Of these accounts. n
doubt are due to this fact. he said.
r. A. Slininger, cashier Of the PEG
pies Savings expressed the same be