The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-18
|I[0KUK PEOPLE BANK
FIVE MILLION DOLLARS
the million and half dollars In her
savings banks explains this.
Up at Fort Madison.

Up at fOFI MaOlSODs
Fort Madison has about two-thirds
as much money deposited by her
people in the banks as has Keokuk.
Her deposits Of all kinds total
three and a half millions, as COM
pared with the five millions in Keo-
kuk.
The exact total in Fort Madison is
50, 532,694.S2. and in Keokuk it is
S5,169. 045.54.
The checking accounts, which In
clude those of business concerns, in
Fort Madison amount to $957,72S.31
against nearly three millions in Keo-
kuk in the same accounts.
In Fort Madison, however, the GER
tjficates of deposits, drawing interest
and more or less permanent thrift
investments, amount to $2,032. 52751
and in Keokuk to only a little more
than a half million dollars.
About Business and Thrift.
But in the savings bank accounts,
Keokuk has over million and a
half dollars, and Fort Madison only
s541,6 82.66.
An analysis of these figures show
that in business banking Keokuk is
doing three times as much as is Fort
Madison, but in that form of putting
away money permanently represent
ed by certificates Of deposit Fort
Madison has four times as much
money as Keokuk stored away.
But this does not tell all Of thrift
ness, for Keokuk has three times as
much in the savings banks as has
the other county seat Of Lee county.
Probably, the excess Of certificates
of deposit in Fort Madison repre-
sents considerable fortInes invested
in the certificates, while the younger
and more moderately financed people
are more plentiful in Keokuk and
put their money into the savings
side of the banks
The combined deposits denoting
thrift-certificates and savings
total about the same in Fort Madi-
son and Keolcuk.
The difference between the two
cities grand totals is en- tirsly il the
checking accounts, those used in
business every day. and the differ
erce il that respect will cause 20
surprise to anybody familiar with
both cities.
Fooled down, the comparison re-
suits: Keokuk has three times as
nuch in checking accounts as For.
Madison, and about the same amount
as Fort Madison deposited in the
a:.ourts denoting the investment Of
savings.
considering population, Fort Macf
sou PEOPLE are about one and half
tin.s az thrifty as those In Keokuk,
and Keokuk does about twice rs
much business as Fort Madison.
The population Of Keokuk is about
one and a half times that of Fort
Madison.
In Thrifty Nauvoo.
But after all, one must go to the
country towns to find the really big
bank deposits in this part of Amer.
lea.
That the farmers have the money,
and the city folks are poor In COM
parison is shown by even cursory
examination of bank statements pub.
lished in the weekly papers of the
rural communities.
For instance, the Nauvoo banks
have deposits Of S1,450.965.51 which
on a population basis would require
Keokuk to have ten millions. That
Keokuk has half this ten millions,
as matter of fact, really shows
well for this city Of all kinds of
people, in comparison with the very
rich farming land and farmers in
Hancock county.
Carthage, Warsaw, Hamilton, Fer
ris, and other towns in Hancock
county have banks with large de-
posts, as have those in Montrose,
West Point and other
Lee county, Iowa, towns