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Show Miscellany N Sleeping -Money. Many persons besides soldiers and sailors sail-ors have given rise to dormant accounts. Sudden death, shipwreck, insanity, for-getfulness for-getfulness and absolute Ignorance contribute. con-tribute. Even nowadays many sailing ships and tramp steamships carry persons per-sons whose names are not registered in any public office ashore; so that the Identity of an individual lost in the sink- lng of such a craft, may never be dla- closed. Many persons carry their pass- books with them when they travel, and In this way fhe cije to the existence of the account is lost when the owner of the account is lost. This is particularly true of emigrants who move from one country to another, settling in. a new land, or returning to spend declining years in the land of birth. In such cases only the bank knows of the existence of the" deposit, and it may be a year before the bank's attention is directed to the dormancy. This is owing to the fact that many depositors do not put in money oftener than once a year, nor do they call to collect or get credit for the interest. in-terest. Old people have a habit of putting in bank a fund to be used for their burial and then paying no further attention to the account. A depositor is likely, in drawing out the principal, to forget to draw the interest. When he draws the principal the interest may not have been credited, and even if he realizes that fact he does not stop to bother the clerk to enter the interest, leaving that for some other time. depositors lose their passbooks and never have them replaced, because of the bother, In case the balance on deposit is small. A wife will sometimes carry an account ac-count without the knowledge of the husband hus-band or it may be the husband who carries the secret hoard. A widow may keep secret the existence of her savings bank fund in order that her children may have no excuse for falling to support her. Some persons forget all about a savings bank balance, especially if they are carrying, carry-ing, as is often the case, a number of such accounts. Then, when the dormant account is brought to their attention by the bank, they sometimes, out of pride, deny ownership, saying it must have been somebody else of the same name. There is at least one such case on record, where the forge tter was a wealthy man. He stuck to his denial, and went so far as to repudiate his own signature on the bank's general identification book. But when he was finally informed that the despised balance had grown to more than j t $1000, he said he guessed his memory I was at fault and then he signed for the money and took it. New York World. |