Robinson Crusoe's father : the projector of savings banks / . this little booklethas been written. The Williamsburgh SavingsBank is one of the strongest savings banks in theworld. It is the strongest because the proportion betweenits total resources and its surplus is represented by a greaterpercentage than that of any other bank. The surplus of a savings bank is the amount of moneywhich it has in excess of the total amount it owes to , if the Williamsburgh Savings Bank were to pay all itsdebts to-day it would have left more than 13 per cent, ofits total resources. In other word
Robinson Crusoe's father : the projector of savings banks / . this little booklethas been written. The Williamsburgh SavingsBank is one of the strongest savings banks in theworld. It is the strongest because the proportion betweenits total resources and its surplus is represented by a greaterpercentage than that of any other bank. The surplus of a savings bank is the amount of moneywhich it has in excess of the total amount it owes to , if the Williamsburgh Savings Bank were to pay all itsdebts to-day it would have left more than 13 per cent, ofits total resources. In other words, if all of its depositorsdemanded their money, the bank could pay them and stillhave $7,172,738 left. No other savings bank in America has a greater percentageof surplus than the Williamsburgh. It has taken a long while to pile up this amount of moneyand as it represents, in a way, a surety for the liquidation ofall debts at one hundred cents on the dollar, it is to the advan-tage of any one who is seeking a place to put his savings tochoose an old THE VATLT IX MAIN Robinson Crusoes Father, the Projector of Savings Banks
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Keywords: ., book, bookcentury1900, bookdecade1910, booksubjectbanksandbanking
