Evening journal., 1920-04-27
women OUTDO
MEN IN Saving
AT Least Chicago Indicates
They Are Doing Twice
as Much
HUGE INCREASES
IN DEPOSITS SHOWN

CHICAGO. April 27.--It's going 10 be
a soft life FOR the men in 1920.
This was the prediction today OIL
women who have invaded the field OF
finance and business. based on bank
deposits by women In the last four
years.
According 10 Mrs. II. C.. Klein
corger. ia charge OF the women's de-
partment OF the Continental and Com
Mfrclal bank here. the evolution OF
woman from clinsing vine TO ilnan-
cial giaItcss Is prlgi csSiug rapidly
aid within a few generations Wuindh
VIII 'akc her siIlI with the men
gnanciers. That wOmans evolution
VIII mean her supplanilng The man
and his ielegatioh 10 being house
husband Is not entirely improbable,
NOmen said.
Banking reports, according 10 re-
ports, showed women prupOrtiOnstely
saving more money lnln men.
In the last four yelrs the number
Of women depOsllOrs as well as The
enount OF. Savings hos doubled. they
showed.
SO rapid is the inc"a1se n W0men's
activities in tho business world and
so great Is the business banks ore
now transactlng wl.h wOmen, that
big banks have already established
or are preparing 10 establish, separ-
ate department FOR women depOsitors
Scores OF women In the middle West
have opened wOmen's 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 a Chicago
bank.
Five years ago the number OF wo-
men depositors az her bank, according
TO Miss Carter, totaled 2i5 with S30O,-
900 in savings. Today there are 100
with a total deposit Of one million
dollars.
Women are not holding their saw
ings in the bank II good investments
are offered. she said. Small certain
profits are demanded by them in pref
erence 10 big dividends on speculative
stocks Most investments 20 into
and 6 per cent. glt-edge bonds.
Other Chicago banks report huge
increases in savings deposits by wO-
men. The First Trust and Savings
Bank reported that women have
checking accounts totaling s6,OOOOO0
Reports from leading central West
ern cities showed women engaging In
business and increasing women
share In investments and bank de-
One-ihlrd OF the deposltors at the
Iowa Loan and Trust Company, Des
MOnes, are women. an Official said
This Official estimated that IN pro-
portion these women were saving
more than the men.
SprIngheld, H., bank books showed
three out OF every four new deposit
Ors are women.
The high cost Of living. according
TO George r. Keys, yice-p president OF
ihe Ridgely Farmers state Bank al
Springfield. has resulted In womer
assuming charge OF the weekly pa,
check.
The number Of depositors IN Nil
waukee banks are divided equal,
among the two sexes. Half OF th'
women, said George p. Fleischmann
assistant cashier OF the First Naiiona
Bank, are wives deposltlng husbands
savings American born working
girls are poor savers, he said.
one 81. Louis bank reported IL
number Of women depOsiiors had in
creased 33 i-3 per cent, another
per cent, another 20 per cent. and an
other 25 per cent.
In the last three month 56 per cent
Of the new savings accounts openet
in Denver have been by women.
"They deposit more than half o
the total savings In Denver bank
and 70 per cent. IN any bank saving
line are women" said II. l.. Morgal
OF the international Trust Company
Denver. 1T certainly means the hus
bands are giving their wives thei
wages"
President l.. 3. Howey, Of the CIT,
National, Lincoln, Neb.. says womel
In Lincoln are not saving any NOR
than the men.
Il think The women workers ar
spending Just about as much as the
earn he said