Evening Republican, Volume 20, Number 181, Rensselaer, Jasper County, 29 July 1916 — Money In Swiss Banks. [ARTICLE]

Money In Swiss Banks.

Switzerland has the distinction of being the richest country in the world in a savings-bank sense. While the Dane, the German, the Norwegian and the American have only $75.46, $56.16, $52.11 and $42.46 in deposits per unit of population, respectively, Switzerland averages $86.46 per capita. The school bank of the country, however, while an Interesting institution, is not an unqualified success. Indeed, its success is somewhat sectional, as at Berne the undertaking has been a distinct failure. Deposits in that city are declining each year, and in six of the eight school districts it has been necessary to liquidate the banks.