South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-01-01
BANK DEPOSITS
IN 1915 INCREASE
Gain of Million and Half in IL
MonthS-BuSineSS Con-
ditiOnS Good.


ing to Myron Campbell president |
Of the South Bend Clearing House |
association. Figures available at
this time show deposits. according
10 November statements Of South !
Bend banks. to be upwards to 3d.
$4,000 while a year ago. at the
same time. deposits were given at
s12.O21.82s.47.
Business in all lines is better this
year. declares Mr. Campbell who is
IN a position TO know financial facts
from angles. And it is not so much
because Of the war, says the South
Bend man, but owing greatly to
psychological state. as well as Of a
strictly material cause and effect
which is encountered every so often.
There are periodical periods Of
depression" said Mr.. Campbell in
comparing conditions Of this year
and a year ago lover production is
responsible. and one finds that when
the manufacturers get rid of their
again. II is the rise and fall of pro-
duction and is governed by the man.
ufacturers themselves.
Not the Sole Cause.
periodical financial dopressions
have been common as long as / have
been in business and longer sure
4 ". OF course, the war has put men
10 work on lines formerly imported
in this country; war orders have
helped bly,-but they are
not the sole cause OF the present
: prosperity and the prosperity Of
1915. by any means. AS to the psy-
Geological part of it. less work for
the relief committees TO do, fewer
unemployed. and other things along
this line, cause an optimism hard TO
combat in talking against prosper
ity."
That the deposits OF South Bends
merchants have grown at a rapid
rate the past year was a statement
made. This means a great deal:
Prosperity in other lines; plenty Of
work and wages ample for the pUr-
chasing OF goods; large factory
ders making work plentiful.
last. but far from least. b. mp,
conditions in the rural commUaities,
which. If any. had a reason TO suffer
from the weather of last summer
Lost on Corn Crop.
St. Joseph county agriculturists
did lose 10 a great extent on their
corn crops. this due to the cold
weather OF the summer and a fail
Al
ness OF some Of the corn caused lit
tie financial unrest in comparison
with the success of other crops. st
Joseph county farmers have no rea-
son to feel other than prosperous"
said Mr.. Campbell.
deposits are indicative of better
business everywhere" said Mr.
Campbell. Money is plentiful and
there is not the trouble borrowing
that we found a year ago. This
means a great deal TO the investor
large and small. and To the mer-
chant with the heavy stock on his
hands"
one item of South Bends savings
was seen in the Christmas club fund,
which aggregated $4,000. This
fund was saved mostly by those with
modest incomes and speaks great
zeal for general conditions. 1t is
pointed out this is but a percent Of
the deposits Of employees i'm South
Bend. and that placed weekly with
amounts averaging between five
cents and three dollars it speaks
plainly OF other and greater gener-
al savings
South Bend bankers questioned ON
the matter of business conditions
here the past year spoke openly and
clearly TO the effect 1915 had been
comeback financially over 1914
The consensus of opinion is that
this past year was no record breaker
and that last 1914. though bettered
by the 1915 reports wasn't exactly
an CT year. except in SO far as the
periodical relaxation of effort on the
part o. manufacturers was concern
ed.
report OF financial affairs. sent
annually 90 the state and national
clearing houses follows:
Clearings for the year 1915-Jan-
nary. S6,2S9.4OI, February Sj.364,-
622; March. S6.166.4O4; April. So
S2T.0SS; May, S7.555.104; June, So
1878. July. $7.571.71T: August.
S6.S9S.936. September $7.629.245:
October. 81 t0O.S90, November. 81
s43.077: December. S7944I.TS2. To-
tai. Sf9S2.115.
Clearinss for 1914 were S7S,643.-
s2s
Clearings for the weeking ending
Dec 81, are. $500.531; S2S2.475:
Se53.211. S253.150; $24I.3oS Total.
S1.6&0.575 Clearings for the same
week in December OF 1919 were ST.
1S1.155
Clearings for the month of De-
cember this year were. ST.s41.7S.:
for December of 1914. S5.SSo,G5S.
EIDE nee Dit AT cOEO