Evening star., 1925-08-12
PLEAS FOR THRIFT
PRODUCE RESULTS
Encouraging Aspect of Edu-
cation Campaign to Teach
Importance of Saving.
BY CHAS. r. SHAEFFER.

The nationwide intense educational
campaign on how and why TO save
money, which has been carried on in
an unofficial way for the last few
years, particularly by better business
bureaus, banks and banking houses
throughout the land, has brought most
encouraging results
This disinterested. conservative ex-
pert advice has instilled an urge for
thrift and savings, and created in the
minds OF the guliible an air of discre-
ton and precaution. As a result. the
thousands of hard earned dollars
which are being lost every year in
hair-brained schemes are gradually
being diminished, which has the addi-
uonal good effect of thinning the
ranks of purveyors of worthless secur-
tiles
Savings thus effected are finding
their way into the savings depart
ments of banks, where they are alb
solutely safe, statistics recently made
public by the Federal Reserve Board
here indicate. In the fifth Federal
reserve district alone, which comprises
the District of Columbia, savings de
posits on July l amounted TO $3.50
571 900, = gain of $40, PIG 900 in the 70
month period. During the month or
June, last, the region reported an in
crease of SS,571 900. which, compared
the trend Is upward.
Savings deposits reported by qO2
banks distributed throughout the
United States totaIed 1888, ,373 600 on
July ], stupendous gain of S533-
36S,000 in the year. Increases were
reported in all except the Philadelphia
district, the greatest advance being in
the Atlanta region.
War on Bank Bandits.
Recently 100 banks in Chicago and
Cook County posted notices Offering
a reward of 81 800 to any policeman
or bank employe killing d bank ban
dit, and offering 81 900 to any one Civ
ing information leading to the arrest
and conviction of such a bandit
This is the elimination of a cam
paign Of over a year to reduce bank
robberies, md has been adopted as =
last resort to protect the lives of bank
employees and the money of depositors.
by making il, in the words of L. y.
Baty, executive secretary of the Chi
caGo and Cook County Bankers Asso-
citation, ''as profitable for a policeman
to kill bandit as it is for bandit TO
kill a policeman"
During 1924 there were more bank
robberies in Chicago than during the
three previous years combined. This
situa ton has engaged the careful
thought of the members of the asSo-
citation for months. To remedy 1t. in
addition to posting reward for
bandits, they have established seven
patrols which visit each member
bank seven or eight times each day
Furthermore, the police department
has stationed a dead shot within good
shooting distance of each bank in the
outlying districts during banking
hours, with orders to shoot to kill
where an attempt is made to commit
crime with a gun.
Maryland Hay Prospects
On the average date of August !
condition of haylands in MARYLAND
was estimated by the crop reporting
board of the United States Depart
ment of Agriculture at So per cent Of
normal, comparable with the 10-year
average of 50. Rains came too late
to save the crop from the persistent
drought and the intense heat of June,
according TO the United States De-
partment of Agriculture.
a condition, of 65 on August | SuE-
gests a production of 4S5 900 tons
Production last year was 740 900 tons
and 595, 900 tons is the average of pro
duCtior for the five years from 1920
TO 1924. Pastures suffered keenly
from the drought and the heat. but,
belated rains are causing pastures 10
improve.
Business on Local Exchange.
On the Washington Stock Exchange
today, with but three active issues.
was one of the dullest of the wear.
Ten shares of Riggs National Bank
brought 800, the new peak esta blished
yesterday, and five shares of Capital
Traction brought par and a quarter
Capital Traction per cent bonds
sold al 9S&.
T. Hunton Leith. chairman of the
educational committee of the local
chapter, American Institute of Bank
ing, has called a meeting of his aides
tonight for the purpose Of construct
ing study courses for the following
year.
Lois A. White. newly named editor
in-chtef of Dollars and Sense, the Of
ficial organ of the local chapter. will
assemble her associates tomorrow
night to map out plans to make the
publication bigger and better.