The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-04-03
MANY WOMEN
BANKING MONEY
Figures Show That Depositors
Among Women are Increas-
ing at Rapid
Rate.
TWICE AS MANY NOW
Several Reasons Given for Situation
Which is Putting Check Books
in Hands of
Women.

| UNITED Press Leased Wire Service.l
| CHICAGO, April SITS going to
be soft life for the men in 1920.
| This was the prediction today OF
women who have invaded the field of
/, finance and business, based on bank
deposits by the feminine sex in the
last four years.
! According to Mrs. H. c. Kleinsor-
! ger, in charge .of the women's depart
ment of the Continental and CONNER.
cial bank here, the evolution of
woman from clinging vine to a.
financial giantesS is progressing
| rapidly and within few generations
woman will take her stand with the
men financiers. That wOman's evotI-
| tion will mean her supplanting the
man and his relegation TO being
house-husband is not entirely improb-
able, woman said.
Banking deposits, according to re-
| ports today, showed women proper
! tionately are saving more money tnan
men.
In the last four years the number
of women depositors as well as the
amount OF savings has doubled, they
showed, u
4 So iApid iS1iie increase of women's
activities in the business world AMI
so great is the business banks are
now transacting with women, that
big banks have already established
or are preparing to establish sepi-
rate department for women deposi-
tors.
Scores of banks in the middle west
have opened womens departments.
"Twice as many women are saving
money today as before the war; said
Miss Nina Y Carter, in charge of the
woman's department of Chicago
bank. @
"This is caused by the fact that
there are more women who have had
occasion to handle money since the
war; that there are more women who
have gone into business, and that
more have been thrown on their own
resources" she said.
Five years ago the number of
woman depositors at her bank, ac-
cording to Miss Carter, totaled 215,
with $500, 900 in savings. Today there
were LOO with total deposit or
81 100000.
Women are not holding their say.
ings in the bank if good investments
are, offered, she said. Small certain
profits are demanded by them in pref
erence to big dividends on specula-
tive stocks. Most investments go
into five and six percent gilt edged
bonds. -.
other Chicago banks report huge
increases in savings deposits by
women. The First Trust and Savings
bank reported that women have
checking accounts totaling $6,000,000.
Reports from leading central west
ern cities also showed women engag- |
ing in business and increasing
woman's share in investments and
bank deposits.
One-third of the depositors at the
Iowa Loan and Trust company, Des
Msoines. are women, an official said. |
This official estimated that in pro-
portion these women were saving !
more than the men.
Springfield, H., banks books show
ed three out of every four new de-
positors are women.
The high cost of living, according |
to George e. Keys, vice president of
the Ridgely Farmers State bank at
Springfield, has resulted in women
assuming charge OF the weekly pay |
check |
The number of depositors in Mil
waukee, Wis, banks are divided /
equally among the two sexes. Halr t
of the women, said George E. F1eisch- ,
mann, assisting cashier Of the First
National banks, are wives depositing
husbands savings. American born |
working girls are poor savers, he
said.
One ST. Louis bank reported its
number of women depositors had in
creased 33 1-3 percent, another seven
percent, another 20 percent and an
other 25 percent.
In the last three months. Sc per-
cent of the new savings accounts
opened in Denver have been by
'sThey deposit more than half of
the total savings in Denver banks and
rs percent in any bank savings fine
are women said II. l.. Morgan Of
the International Trust company,
Denver. 1T simply means the hus-
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