Frankreichs Bank- und Finanzwirtschaft im Kriege

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Monograph

Identifikator:: 1747756261

URN:: urn:nbn:de:zbw-retromon-120730

Document type:: Monograph

Author:: Jüngst, Ernst http://d-nb.info/gnd/13351241X

Title:: Die wirtschaftlichen und sozialen Verhältnisse im Kohlenbergbau der Ver. Staaten

Place of publication:: Essen

Publisher:: Verein f. Bergbaul. Interessen

Year of publication:: 1927

Scope:: 81 S.; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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12 POSTAL SAVINGS Conclusions based upon averages of the kind above given must of course be drawn cautiously, for the figures are not complete and the possible “fallacy of averages” is well known. The figures, however, are sufficiently complete, and the “story of the averages” is sufficiently truthful, to justify the conclusion that the country was many times over better provided with post office facilities than with savings bank facilities, and that this was particularly true of the Southern States. Fear of Competition with Existing Banks An objection strongly urged against the es tablishment of a postal savings system was that it would prove a competitor to existing banks. Opponents of a postal savings system argued that postal savings banks would have an undue advantage over private institutions because of the great confidence in the Government held by working people; and they said that funds would be withdrawn from existing banks and deposited in the postal savings banks. In support of this contention the experience of England was re peatedly cited, where, in the early days of postal savings, there had been a “marked tendency” for the postal savings banks “to absorb the patron age built up by the trustee banks.” 20 20 j H. Hamilton, Savings and Savings Institutions,No full text available for this image

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