Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

John Pierpont Morgan, der Weltbankier

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Monograph

Identifikator:: 833814885

URN:: urn:nbn:de:zbw-retromon-28477

Document type:: Monograph

Author:: Baumberger, Georg http://d-nb.info/gnd/119200082

Title:: Geschichte des Zentralverbandes der Stickerei-Industrie der Ostschweiz und des Vorarlbergs und ihre wirthschafts- und sozialpolitischen Ergebnisse

Place of publication:: St. Gallen

Publisher:: Hasselbrink

Year of publication:: 1891

Scope:: 1 Online-Ressource (278 S)

Collection:: Economics Books

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DEPOSITORS AND DEPOSITS 79 positors are at first more concerned for the se curity of their savings than in what they may earn. They are thinking of the principal not the interest, and it is only after they have learned the rudiments of saving that the interest feature at tracts them. . . . The banks then get the ac counts.” 19 Concerning the inroads made by the postal savings system into the former expensive prac tice of buying money orders payable to one’s self as a means of securing Government custody for savings, Third Assistant Postmaster-General Dockery said in his annual report for 1915 : “The use of the postal money order service for savings purposes, in the absence of a postal savings sys tem in this country, was quite general in the years preceding 1911, it having been ascertained that the value of money orders so purchased at first and second class offices during 12 months prior to March 1, 1908, was in excess of $8,000,- 900. These investments were made solely because of the security afforded moneys so intrusted to the Government. With the establishment of the postal savings system . . . the money orders purchased for savings purposes were gradually cashed and the use of the money order service for this purpose thereafter was negligible.” 20 10 Com. & Fin. 'Chron., A. B. A. Conv. Suppl., Oct. 18, 1913, p. 195. 20 Report, p. 15.

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