Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-09
NOW MY IDEA is THIS!
Daily Talks With Thinking Pladelphians Subjects They
Knov Best
nent and municipal bonds and mort

Government and municipal bonds and mort
cages on real estate.
"As between the deposit in mutual saw.
ingS bank and an investment in stocks and
bonds. much may be said in favor of the
former. especially for those Of limited income.
In the first place, deposit in mutual
savings bank Is drawing interest and the
interest is certain Secondly, the money
on deposit is available when it is needed and
can be withdrawn either in whole or in
part as the occasion demands. while with
an investment, If only part Of the money
invested be needed, the whole investment
might have to be sold in order to obtain
the required cash.
Market Fluctuations
I'm addition to these reasons, an invest
mcnt is subject to market fluctuations
whether it be in stocks, bonds or real estate.
and when the money is needed it may not
be obtanable without loss, while with
money in the savings banks the whole or a
part of it is available at any time.
1.-The thought of the mutual savings banks
is service. and that service is to encourage
thrift and to help people to save. Their
on" ambition is to make that service so
vital to the community that instead of help
ing one out of every four persons in this
great city Of ours, our service will be
extended to every man, woman and child
within our geographical area.
II think. on the whole, that the war
taught people to save. In our own insr,-
tuition at any rate there has been n sensible
lncrcaS" from the time the war broke out
until the present time. both in the number
of the depositors and in the amounts which
they deposited. Of course. the amounts are
lower now than they were during the peak
of tn" high wages.
War Made Investors
"Ihp war also made many investors In
securities among those who. previously to
that time, had never owned securities of any
klnd. This was especially the case with
the Liberty Bonds. We took care Of the
ilD'rty bonds for such of our dcpositors as
desired US to do so, collecting their couDons
and crediting the amounts in their bank
books.
''To show to what an extent tho wor
Influenced savings. We received on depost
from January to November of 1917, SOS,
,oo'Ooo. In the same period of the follow
ing year there was n gain of n million
making the deposits 500 900 600. Then came
q big Jump in 1919, when We took in S43.
900 600 and an increase Of 50 600 600 /,
lo2O, the total for the same period tben
being Si5, ,WO,O 900, which was the highest
point reached. In 1921 came the dcnression
and the deposits for the eleven months sonL
to S33,ooo0OO, and they were also Sax oon IM''N
No in the present year. So they have n
little more than doubled from the time wa
went into the war to the present time,
Orgy Of Spending Over
'Of course, when any nation is thrust
into such sudden and unprecedented pros.
pcrlty' an orgy of spending is bound to
follow. The United States was no eycrntion
to this rule But it looks to me as though
this orgy was over and that the Amer
ican people are again back to common sense
in the matters Of saving and of sncndinr
when you consider the amount of une,n.
nloyment that existed in this city during
the worst of the period of depression tbe
figures of deposit which I have quoted
which, 1t must be remembered. are for one
INSTITUTION alone. are perfectly astounding,
There is still some unemployment, hnt
not very great amount Of it. Some Of tho
trades, such as building, are rushed onJ ~"
ma mn It almost impossible to get men, but
oil OF the trades are not yet entirely hrsU
stu, one OF the most encouraging things
about the whole situation is that the n"nnio
seem to have regainrd their, sense NJ nrne
portion and that they are both snond;u,
more wisely and saving what they can '''6