Full text: Banking and finance (Vol. 1, nr. 17)

Approximately $8505 is now on deposit in Savings Accounts 
of the Banks of Metropolitan Pittsburgh for each resident of 
the community, and it is estimated by the Pennsylvania 
Department of Internal Affairs that savings have increased 
in the district by 113%, since 1919. 
Pittsburgh retail stores sell each year an average of ap- 
proximately $431 for each resident of Allegheny County. 
New building construction in the Pittsburgh District is 
larger in volume than in the metropolitan area of almost any 
other city in the United States. $50,000,000 was spent for new 
buildings and repairs in Pittsburgh for 1928—representing 
approximately 6,000 jobs. 
Pittsburgh Bank Clearings show a gain of 399%, in the last 
seven years. Bank clearings figures are a true barometer of 
business activity. 
Pittsburgh income tax payers number 78 to each 1,000 
residents, as against 72 for Detroit, 39 for Cleveland, 48 for 
Philadelphia, 62 for St. Louis, and 64 for Boston. This 
leadership indicates that prosperity is widely distributed 
among the families of the district. 
Pittsburgh is one of the country’s leading life insurance 
centers, indicating a fine sense of moral responsibility on the 
part of citizens, in addition to widespread individual pros- 
perity. 
It is undeniable that there is new civic consciousness 
throughout the district. Leaders in all lines of activity are 
displaying faith in team work to make secure Pittsburgh’s 
right to be considered as one of the world’s great cities.
	        
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