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Show Take Note of American Thrift ; Much has been said of the thrift of the French. Much has '. been ?aiJ of the waste, the absence of thrift, among Americans. Now comes evidence to upset the old time notion. A few days before the armistice was signed the lines of depositors in all the savings hanks of many American cities began to lengthen. Day after day they increased in length. In one New York bank the V deposits for November increased $ 1,000,000 over those for No-.: No-.: vember. 1917. j : In the v hnle country the savings banks deposits are SI.oo,-j : 0(10,000. ' ' Saving bank officers give various explanations of -the sudden j increase iib deposits. Some . ascribe it t' the release of hoarded, money, to turning' into bank vaults of gold and silver and bank j imlcs hidden away by persons, particularly of German or Austrian j binli or descent, who feared their possessions might be subject to) 4 . Miore by the alien enemy properly custodian. . j Whatever the explanation, the flow of money to the savings banks continues. December promises to show almost as well as' ; did November the country over. j ' Savings bank funds are investeTmostly in real estate mortgages and seasoned bonds. Increase in deposits means more money lor j : building operations. If building materials were at a figure to wars' war-s' rant it this sudden increase in savings deposits would suggest that real estate activity is near. The big lesson taught by the savings deposits is that if the " American rcoPe werc no thrifty they arc now on the way to be- rftming acquaints vitn inrirt. : In Liberty bonds and savings banks accounts t lie American people have upward of Jt20,ono,noo,ooo to their credit, practically alt due to savings. That is approximately $200 per capita, not tonridpring the two billions nil-vriHH for war stump'.. Thrift is sure coming to America! |