Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-06-11
MAGAZINE SECTION for June II. 1916
Why Banks Have So Much Money
By ALBERT W. ATWOOD 4

large percentage of gold and other real
money in their vaults as formerly.
This country has lent more than a
billion dollars to foreigners since the war
started. But hardly dollar has left the
country. These so-called loans were sim
ply book credits extended to foreign
governments, which promptly used the
credits to buy more munitions from our
manufacturers, and those purchases in
turn resulted in creating still more bank
credit money.
Perhaps the most interesting ex-
PLANTATION of the increase in money is
one that can not be proved at this time.
Europeans of wealth, it is rumored, have
sent their possessions to this country
for safe keeping until the war is over.
When the banks are flush with money,
as they are now, it should be easy for de-
serving individuals and enterprises to OBJ
tain loans. The. fact is that innumerable
concerns which could not have got
hearing two years ago are able to borrow
now. But they are mostly in lines of
business that are booming and that can
show big profit within year or two
The very fact that they have so much idle
loose, easy money makes, or should make
bankers more cautious than ever about
placing it at the disposal of merely Wis
ionary or unreliable promoters.
Free Booklets that You May Have
for the Asking
Arrangements hare been made by which any
reader mentioning this mdgaziae man hare
any or all of these booklets on request.
Write slattery l. Co., 40 Exchange Place,
Twenty Payment Plan which enables one
to buy bonds, New York Stock Exchange,
Curb Market, and active unlisted securities,
with small initial deposit, followed by con-
venient monthly payments, Ask for Booklet
ICE, including statistical book on high
grade dividend-paying Coppers.
The popularity of the partial payment
plan, by which you can "buy as few shares
as you wish of stocks or bonds. and "pay
when you are able is steadily growing.
This method of saving and investing is inter
estingly described in Booklet LIZ, entitled
"The Partial Payment Plan, which will be
sent to any applicant by Sheldon, Morgan 4
Co, members New York Stock Exchange,
AZ Broadway, New York. The firm also offers
to supply information about any security.
Any one who is interested in the sound in
vestment of moderate amounts from time to
time will find it of interest and advan-
tageous, to read the 500 Bond NeWs. This
is a monthly magazine devoted to secure
marketable bond investments, and contains
list of more than one hundred and fifty
500 bonds. Address Boyer & Company,
122 Broadway, New York City.
The Citizens Saving & Trust Co., of
Cleveland, Ohio, will furnish to our readers.
upon request, Booklet p, which contains
some very interesting information on bank
ing by mail.
Sample copies of the Odd Lot Review. a
small weekly paper which tells in terse, frank
language of financial developments of inter-
est to the small investor, will be sent on
request addressed to 81 Broadway. New
York City. The regular subscription price
Is 81 a year.
Baruch Brothers. members New York
Stock Exchange, 60 Broadway, New York,
have issued for distribution to investors an
interesting booklet on Odd Lots which out
lines their Partial Payment Plan.
A Market Digest which reviews the i'm
L., tIo hisvk, do 10