The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-12-05
SAVINGS SPIRIT
IS SHOWING
GAIN
Large Part of Christmas
Funds Are Going Into Per-
manent Accounts
By RICHARD HATTON

By RICHARD HATTON
That the widely heralded spirit
of saving, which seems to have
swept the country during the
present year resulting in gains In
savings deposits in every section
of the United States, has lost none
of its force is indicated by the
first available reports in regard 20
the 1926 Christmas savings clubs
organized by many Washington
banks.
Enormous sums recently have
been paid out to members or the
1925 clubs and there has been
considerable interest as to how well
the lessons of thrift have been
learned. Estimates have varied as
to how much of this saved income
would be returned to the banks in
the shape Of permanent savings ac-
counts and what percentage would
be regarded merely as an adj
ditional amount to blow" upon
personal qualification.
Check-ups Encouraging
A check-up today is decidedly en-
couraging from Nthe standpoint of
thrift, for it shows that very
many of those who received Christ
mas saving club checks either at
once paced the whole, or large
part, OF the amount in already
existing savings accounts or used
the proceeds of the years saving
effort to open a new savings ac-
count.
What is of importance to the
country at large is the growing
habit among all classes of people
to save something from stheir earn
lngs. be they great or small This
Is shown by the fact that probably
the total savings Of the American
people reaches well over twenty
billion dollars and it is estimated
that there vii be large increase
noted when the final figures for
1875, including the entire country,
are made public.
in banking circles it is firmly
expected that 1926 will show a de.
cIded advance over the savings
figures for 1926 in Washington and
mat the influence of the Christmas
Savings Clubs will be no small
factor in the creation of more and
larger local savings accounts.
Find Good Response
The following Washington bank.
ing institutions are finding ready
ana encouraging response TO the
thrift call in their Christmas saw
ing clubs for 1926 indicating that
public interest here is not tagging
2ehlnd the rest of the country.
Rlggs National Bank. Second Ma
tonal Bank. Lincoln National
Bank, Washington Mechanics Saw.
ings Bank, Commercial National
Bank, Park Savings Bank. Wash
lngton Loan and Trust Companv.
Bank OF Commerce and Savings.
Northeast Savings Bank, The Ana-
costa Bank, Federal-American Ma
tlonai Bank, National Saving. and
trust Company. Mt Vernon say
Ings Bank, Columbia National
Bank, Security Savings and Com
merclal Bank, McLachlen Banking
corporation, Franklin National
Bank, Citizens Savings Bank. Amer
lcan Security and Trust Comoanv.
washington Savings Bank, Poiornac
savings Bank. Chevy Cfase Saw
Ings Bank. Merchants Bank and
Trust company. North CAPITOL Saw
!ngs Bank, East WASHINGTON Saw
lngs Bank and the District Ma.
konal Bank.
That holiday buying in Washing.
ton has commenced in earnest ia
indicated by the busy shonnine
throngs that are daily seen sfone
the main commercial arteries of
the city. Earlier predictions of
Drlsk holiday trade are being born
out Dy the activity of the buyfng
public and the local pre- Christmas
trade situation is, in the main.
coming up to expectations.
MANY Washington banks have
placed just outside of their massive
portals large representation OF
Jolly old Santa Claus bearing a
legend urging the starting of
christmas Savings Account. The
Inquire of the familiar patron saint
OF the holiday season is pointing
encouragingly toward the bank
where a start may be made for a
better Christmas next year.
The fact that building construc-
ton is continuing throughout the
country at a high rate. according
10 early reports for the month of
December, indicates that the end of
the year will see no let-up in this
Ahipol CohI IdCLOT III economic pro-
gress. From present evidence the
outlook is for a continuation of
the present activity well into next
year.
Financial observers seem to be
a unit regarding the steady revival
of Industry to the pre-war stand
ard of prosperity. This, in a meas.
ure, accounts for the generally bet.
ter condition of railroads and the
larger and more favorable oppor-
tunities presented the investor.
While November was Remarkable
for the size of bank cIearings in
the United States, they having been
reported the largest of all times
There are indications that the No.
vember figures will be surpassed
In December.
Because Of the present business
ACTIVITY in all local financial in.
stitutions few Washington bankers
will be out of the city over the
week end. In most banks the sea.
son for vacations, even of the week
end variety, is overs and every de-
partment is pushed to handle its
regular bushes.
Swift & Company
0nIon Stock Yards. ChIeagc
Dividend No. 100
Dividend Of TWODOILARS (eeOOl nay ahaTe