Salt Lake Telegram | 1925-10-14 | Page 8 | Hoarders Hold Out

I Hoarders Hold Out 1 4 S. S F. F Chronicle The sock bank hank and tomato can savings accounts are supposed to have gone out of fashion but federal federal fed fed- eral Investigators have learned that the owners of tenth one of or United States currency are cheating themselves out of ot Interest on their sayings savings 1 Hoarders Boarders are holding out about about tucked away In parlor clocks sewed Into mattresses hidden In odd corners and burled buried in back yards Foreign resl residents are the greatest hoarders and aro arc estimated to have e about In currency currency currency cur cur- rency hidden There are about bOo genuine misers misers- who hoard coins not because they think they are safer in their own po possession session but because they lov love oe e to possess cash Farmers are aro held responsible for keeping about out of circulation For them there are more extenuating extenuating- circumstances than f for r some of the b because cause it is not always alway's convenient to get into town to bank But In a day Clay when most i business except the small change variety can be carried on by checking accounts even the rural hoarding is out of ot date IThe I The system of today is so well established and supervised that any recognized bank is a far safer sater depository than any hiding place however cunningly chosen In spite of this the European peasants peasant's notion of hoarding boarding has been carried d over 30 so that more than a Year ear In interest Is Is' Is being lost to the owners of or inactive money It pro es that old ideas die hard