| Show S A V I 1 N G S SER MONETTE number two WHAT IS A SAVINGS BANK A savings bank is an institution which receives money in large or small sums on deposit for safe keeping and tor for accumulation it loans or invests in safe and productive modes the money deposited with it and pays to the owner of the deposit a fair proportion of the profit to tie be derived from its use in this way it assists the industrious and frugal in taking care of and increasing their earnings carn ings and nd may be of service to th the a more ore wealthy by assuming for a moderate compensation the risk an and trouble L of investments which the experience peri ence and superior opportunities enable them to make in the most secure and advantageous advantage forms it also receives money upon deposit and pays it back whenever demanded in but does not pay interest thereon for it cannot afford to pay interest upon deposits liable to be withdrawn at any time without notice for the reason that to meet the frequent or sudden demands of depositors a large portion of such deposits must be kept constantly on hand and can not be loaned to a greater extent than Is sufficient to repay the trouble and risk of taking care of them |
