Postal savings

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Monograph

Identifikator:: 869930397

URN:: urn:nbn:de:zbw-retromon-49420

Document type:: Monograph

Author:: Kemmerer, Edwin Walter http://d-nb.info/gnd/101827717

Title:: Postal savings

Place of publication:: London

Publisher:: Humphrey Milford

Year of publication:: 1917

Scope:: 1 Online-Ressource (VIII, 176 Seiten)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I - The movement for establishment of a postal savings system in the United States

Collection:: Economics Books

18 POSTAL SAVINGS troller of the Currency 31 showed that during the eighteen years 1892-1909 inclusive there were in the United States 1523 bank failures (exclusive of national banks), with total assets of $457,- 640,000, and total liabilities of $565,345,000. In these figures are included 153 failures of banks which were strictly savings banks, with as sets of $47,717,000 and liabilities of $51,786,000. Within the same period 344 national banks failed (exclusive of those restored to solvency and per mitted to resume business within a year of re port). In these national bank failures the net loss to depositors reported was $16,806,062. 32 Doubtless a considerable percentage of this sum represented small accounts of a saving or “semi saving” character—how much is not known. After all, such figures give us no adequate measure for losses of this kind. “Among the ex periences of working people none is more de moralizing and few are more cruel than loss of savings through failure of banks or absconding of individuals intrusted with funds.” 33 To such people there is cold comfort in the assurance worthy data as to the extent of these losses year by year.” Charities, XXI, p. 718. 31 Rep., 1909, p. 69. 32 National Monetary Commission, Statistics for the United States, 1867-1909, pp. 40-41. 33 Florence Kelly, Charities, XXI, p. 717.

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