The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-03-27
SAVINGS DRIVE
URGE D BY
BANKER
By RICHARD HATToN

T + T & !
"Savings" are much to the
fore in the banking world just
at the moment. The Eastern
regional savings conference has
Just closed in New York, and
on April 5 and S, the southern
regional savings conference
will meet at Richmond.
Local bankers have expressed
much interest in the remarks oil
Henry Bruere. vice president OF the
Bowery Savings Bank, at the recent
New York conference, and expect
discussion along similar lines during
the Richmond meeting
Stressing the necessity OF under
taking q campaign to bring about
old age independence for the work
ing masses, Mr.. Bruere said at New
York: I'VE must think today OF .
working class population not strug
Cling out Of adversely. but one thai
is on the high road to economic
freedom.
'It is against this new back
ground that the opportunity OF the
savings agencies must be examined
What savings institutions may dc
is governed by what business car
do. There are more than 100000
depositors in savings banks in New
York State, vet the average amount
to the credit Of each account is but
$S44.70. 80
These figures show that men
and women have /. the impulse
20 protect themselves economically
but that they have not as yet sue
ceeded in achieving the measure OF
protection that obviously. they need
in present day American standards
of living. The question is what is
the measure of those standards and
what can the savings banks do to
help the great American public
satisfy that need?
Proposes Education
II propose that all savings in.
stitutions join in q sustained cam
paign of popular education in the
desfrability Of neutrality-suspicious.
saving. BY every means in their
power let savings banks impress
upon the public, young and old.
the golden opportunity now present
in this age for the. first time
for the conquest of poverty, and
especially that most poignant form
OF poverty. dependence in old age.
May not the savings banks set
out collectively to become tn q
means OF educating our communis
ties in the economies of personal
financial management, on the rela-
ton of sustained business activity
to general individual prosperity?
Above all else we need to make
it clear that the element OF great
est Importance Id keeping times
good is the conservation of the
individuals power to make rea-
sonable purchases
ID. c. Delegation
An exceptionally strong delega-
ton is scheduled to represent Wash
ington at the coming Richmond
conference. including President John
Poole, Of the Federal.American Ma.
tiona1 bank; Eliot H. Thomson,
publicity director of the Wash
inkton Loan and Trust Company.
AID Frederick p II. Siddons, sec.
and Trust Company.
these bankers is an expert in the
matter of financial publicity aud
popular education along banking
lines and it is believed that they
will carry considerable weight at
the regional conference. Subjects
to- be discussed at Richmond in
cltlde:
Need of Uniform Methods of
Paying and Figuring Interest"
us Interest Paid on Special
Savings Clubs Justified"2s
a'Snan Loan Departments"
s'Should Savings Deposits Be Seq
regated and Put Under Special
Regulations as to Investment?
f'Diversification of Investments
for Saving Deposits"
Is it wise to Urge Depositors to
Invest in Securities Offered by the
Bank?"
Necessary Safeguards in Making
Mortgage Loans.
Can Banks Meet Building and
Loan Association Competition in
Making Mortgage Loans?" n
How Far Should the Bank Go in
Rendering Individual Service?"
How to Plan Your Savings Ad-
vertising."
cooperative Educational Adver-
Using for Thrift Accounts"
Value and Need of Systematic
Saving"
Some Plans for Securing New
Savings Accounts"
Securities Report
The annual report of International
Securities Corporation of America,
an investment trust of the general
management type, which was pre-
scented yesterday to the stockholders
at their annual meeting in Balti-
mere. shows the gross income of
81. los, $50 equivalent to 1913 per cent
on the average capital and surplus
Of 1901, 500.
New contracts covering period
Of years, which should yield to the
Commercial Credit Companies, Bal
timore, from SIS 200, 900 to $40, 00O,-
900 per year additional business are
announced by A. E. Duncan, chair
man of the Board OF Commercial
Credit Company, Baltimore.
Closed ears and open eaFs--ODe sure
70 suit You listed for sale in tOday's
TfmaaN and Herald elnaaiffad ralupaana