The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-18
800 Millions Commercial,
M;ll;on and a Half in Saw
;ng, and Halt Million in
Certificates.
Fort MADISON THRIFTY
18th Less Population and
smaller Business, It Has as
Much as Keokuk in Saw
ings and Certificates.
,-.,s,t people have over $4,000. 900

veokuk people have over $o'ooV'oVo
..nos;,ed in Keokuk banks.
ue y ,he HUNS had attacked us first
.air scheme of world conquest and
y .n dnre 70 us what they did to Bel
nau thew would have taken $4,000,
sa 1an 90 he price Of saving Mayor LOT
Wv commissioner Hickey, Judge
W. and some other OFFICIAL
sinzens from the firing squad.
w. - became desirable, KeokuA peo-
~ oon1d write their checks for q
p w, If over $5,OO0,000. This is an
average of over 81 900 for every voter
a the city, and an average OF over
ssoo for every man, woman, child and
haby in Keokuk. !,
The hank statements made at the
.,ose of business on June 80. show
tnsl deposits in Keokuk banking in
stitutions Of 5,169.045.54.
Best Evidence Of Thrift
NJ this amount, 5000, 128.05 is in
checking accounts, available instant
" nv writing checks for ia few
Kindred dollars less than 100000
which Keokuk people have subject to
their own checks, or an average of
s900 for every inhabitant of every
age.
savings banks Of Keokuk This is
little more than million and
half to add to the three millions in
the checking accounts. 1t is inter-
esting that the savings deposits are
exactly half Of the checking account
deposits in Keokuk. This indicates
universal thrift in the city as perhaps
nothing else could do.
Two Millions at Interest.
The savings accounts are drawing
interest, of course, and so are the GER
tificates Of deposit, of which Keokuk
people hold over another half million
dollars worth-exactly $500, 447.41.
These certificates logically belong
to the people who keep larger
amounts handy, but yet drawing in
terest in the banks; the saving de-
posts logically belong to the people
who have smaller sums each: the
actual facts about these things are
impossible to ascertain, as they do
not appear in the published bank
statements and are bank secrets, OF
course.
other deposits Of various kinds,
subject to demand by the real owner,
amount to $161,959.14.
Quickly Available to Owners.
The certificates of deposit and the
savings accounts are technically sub
iect to thirty days notice of with
drawal, if the bank chooses to stand
on its rights, which the Keokuk
banks do not do as rule, 30 that
savings account is actually generally
closed out as easily as checking
account. *
The total of these items Of check
ing accounts of three millions, the
savings accounts of million and
half, the certificates of deposit of a
halt million dollars, total over five
million dollars, and the various other
demand deposits raise this total to
the total of one-sixth Of million
more.
The three millions are available to
their owners instantly, and the ''est
In not to exceed thirty days.
Much Money In Bonds.
The best estimates by the most
competent men, are that there are
today $2.200.OO0 Of Liberty loan bonds
owned in Keokuk. The total pur
chases here Of these patriotic bonds
were a little more than this, but
some Of these bonds have been dis
posed Of by those who bought them
from the government
The amount that Keokuk people
have invested in other gilt edged
bonds Of various kinds can only be
coniectured. The men who might
estimate it pretty closely will not
lalk at all on the subject. Every
body knows that 1t is large amount,
VINO sees bond statesmen from the
esading financial houses making reg
llar trips to Keolcuk, not to speak
u the purchases through the Keokuk
banks and trust company. There is
money invested in farm
mortgages here, too.
keokuk bought considerable
amount Of thrift stamps, but not
Yearly as much Of this investment
Is some other Iowa towns. Perhaps
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