Camden Post Office Business Has Huge Increase – 1936-10-15 – 4


"Now here is what happened after President Roosevelt took over the reins of the federal government. By teh end of June 1933, the number of accounts rose to 2429, an increase of 1754 depositors. But still that doesn't tell the story of the confidence abroad in the land. The amount on deposit to the credit of those 2429 depositors had risen by the end of the June 1933 fiscal year to $1,318,613, a gain of $1,199,638. "And another thing which the figures of savings show, is the return of confidence, a confidence that had been sorely shaken during the last days of the Hoover administration, when banks were failing and people generally were hoarding all of the money which they could get their hands on. "Each year since President Roosevelt took control, there has been a continued upward surge. At the end of June 30 this year the number of accounts stood at 4209, an increase of 3534 over the 1931 low mark of 675. At the same time the total deposits were $1,657,505, or an increase of $1,538,530 as compared with 1931. Both of these figures, too, are the

“Now here is what happened after President Roosevelt took over the reins of the federal government. By the end of June 1933, the number of accounts rose to 2429, an increase of 1754 depositors. But still that doesn’t tell the story of the confidence abroad in the land. The amount on deposit to the credit of those 2429 depositors had risen by the end of the June 1933 fiscal year to $1,318,613, a gain of $1,199,638.

“And another thing which the figures of savings show, is the return of confidence, a confidence that had been sorely shaken during the last days of the Hoover administration, when banks were failing and people generally were hoarding all of the money which they could get their hands on.

“Each year since President Roosevelt took control, there has been a continued upward surge. At the end of June 30 this year the number of accounts stood at 4209, an increase of 3534 over the 1931 low mark of 675. At the same time the total deposits were $1,657,505, or an increase of $1,538,530 as compared with 1931. Both of these figures, too, are the


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