Robinson Crusoe's father : the projector of savings banks / . derfullysince then. The present number of loans outstanding to the credit ofthe bank is 5,183, amounting in the aggregate to $28,097,895,or an average of $5,421 per single loan. The present numberof depositors is 99,438 and their savings total to $53,615, is only a question of a few more months when the depositorswill exceed the one hundred thousand mark. More Than 12,000 New Depositors PutMoney in the Bank in 1909. During the year 1909, 12,279 persons, representing prac-tically every civilized country and every phase of relig
Robinson Crusoe's father : the projector of savings banks / . derfullysince then. The present number of loans outstanding to the credit ofthe bank is 5,183, amounting in the aggregate to $28,097,895,or an average of $5,421 per single loan. The present numberof depositors is 99,438 and their savings total to $53,615, is only a question of a few more months when the depositorswill exceed the one hundred thousand mark. More Than 12,000 New Depositors PutMoney in the Bank in 1909. During the year 1909, 12,279 persons, representing prac-tically every civilized country and every phase of religiousbelief, opened accounts with the Williamsburgh SavingsBank for the first time. Were you one of them? Since the founding of the bank in 1851 the stupendoussum of $679,573,358 has passed through it. In other words,the total deposits for the fifty-nine years of its existence haveaggregated $345,177,094, and the total withdrawals to$334,396,264. It has paid out in interest during these fifty-nine years $42,835,757. The Williamsbnrgh Savings Bank of Brooklyn. Have yon gotten any of this money? If you have not, you are that much poorer; but you maybegin to participate in the future distributions of dividendsby opening an account of your own now. The Williamsburgh Savings Bank is aPerfect Investment Machine. That a savings bank, and the Williamsburgh Savings Bankin particular, is the most highly developed investing machineyet devised by man is an irrefutable fact. Greater sums ofmoney can be invested by savings banks with a consequentgreater aggregate return at a less expense than by any otheragency. The expenses of operating the Williamsburgh Sav-ings Bank for the year 1909 amounted to $181,830. The rateof expense for each dollar of liabilities was little more thana quarter of a cent; for each of the 99,438 persons who hadaccounts in the bank, $ In comparison with the com-missions demanded by brokers and other banks employed inthe investment of capital this rate is ridiculou
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Keywords: ., book, bookcentury1900, bookdecade1910, booksubjectbanksandbanking
