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Show ITsTweakIn savings ALL NATIONS OF EUROPE LEAD THIS COUNTRY. Deposits of Eastern States Greater Than Those of All Other Sections Combined. The first savings bank in the United States was established in Philadelphia Philadel-phia in 1S16. It was patterned after an institution in Scotland, and it was Uhe forebear of the 2,159 saving banks that now dot the country. Of ' these 2,159 savings banks 630 axe mu-i mu-i tual institutions and 1,529 have a cap-; cap-; ital stock. In the New England and ! the eastern states of New York, New-Jersey, New-Jersey, Pennsylvania, Delaware and Marvland the mutual savings bank which has no capital stock is the popular form of institution. Outside of the states mentioned there are only twenty-three mutual savings banks. These 630 mutual savings banks have 8,305,562 depositors and approximately approxi-mately $4,000,000,000 on deposit. depos-it. The 1,529 stock savings banks have 2,380,496 depositors and approximately approxi-mately $SOO,000.000 of Bavings deposits. depos-its. It will be seen from this statement state-ment that the six New England states and tho five eastern states mentioned form the section in which thrift has been carried to a higher degree than in any other part of the country. The total amount of all the savings deposits in banks of the United States is a trifle more than eight and a half billion dollars. This, of course, is an, enormous sum, but when it is reduced to a per capita basis it does not indicate indi-cate the possession of large resources by the individual units of the population. popula-tion. Only 19 4-10 per cent of the population of the United States are savers. The average percentage of savings to population of the ten leading lead-ing European nations is thirty-seven. The records show that in Switzerland 55 per cent of the people have savings sav-ings accounts, in Denmark 44 per cent, in Norway 41, in Sweden 40, in Belgium 39, in France 34, in the Netherlands Neth-erlands 32. in Germany 31 and in England 30. A curious contrast 1s presented by the statistics from Japan where there are 8,189,000 savings bank depositors, but the per capita amount of savings is $3.46, while in Belgium there are only 3,000,000 depositors, de-positors, but the per capita of savings is $28.50. The United States, with the highest scale of wages, has the lowest percentage per-centage of savings, while the countries coun-tries with the larger proportion of savers all have the lower scales of wages. The comparisons shown by the figures indicate clearly that the people of the United States have a great duty to perform if they are going go-ing to win the goal of commercial preeminence pre-eminence to which their wealth entitles enti-tles them. Told in other terms, the per capita savings deposits in the United States is $39.54. In Norway it IB $62.42, in Germany $67.73, in Denmark $57.85 and in Switzerland $86.47. |