Show bank urges spending of savings deposits at times it is possible for money to earn more for iti its owner in commodity markets and in personal requirements quire ments such as clothing real estate furniture etc than deposit ed d in the bank this Is 13 the contention of the worlds world 3 largest savings institution the emigrant industrial bank of new york which has de posits well above the no has started a move looking toward the stimulation ii buying the theory advanced Is that while every individual should lay aside money for a I 1 rainy day I 1 Is Is just as wise to wt t aside a surplus of 0 commodities r 4 1 goods that can be bought belo belos par in a letter to its depositors this bank departs from its usual system of encouraging funds to its vaults and advises the accumulation ata of goods the bank declares that the consumers dollar Is worth 16 per cent more than thin in 1928 and nd it at least 12 per c nt more has accumulated in the form of interest compounded on the original deposits the bank however declares that the depositor shoud maintain a cash reserve of at least six months alary salary in case of unexpected mit e A buying campaign should prove popular at this time due to the belief that commodities are low and near bottom and a desire to stimulate trade and industry |