Democratic Sentinel, Volume 1, Number 51, Rensselaer, Jasper County, 1 February 1878 — French Savings. [ARTICLE]

French Savings.

Savings banks were established in France in 1835, and have notinade much progress,-in comparison with the growth of savings banks in Great Britain or the United States. In 1869 only 56 in 1,000 of the population were depositors; in 1875, the proportion had increased to 65 in 1,000. The total amount in the savings banks at the close of 1875 was $132,085,000. The average deposit was, in 1869, J&SS; inTB73?lUi was $2.85; and ia; 1875, $3.65. Most of the depositors are inhabitants of the manufacturing districta or large cities, The peasant proprietors prefer Government bonds to savings banks.