PROSPEROUS AMERICA
A RECORD YEAR ALL BUSINESS FLOURISHING. Press. Association —By Telegraph—Copyright. WASHINGTON, November 13 Treasury officials declare that 1926 is the most prosperous year in United states history. The total deposits in 28,000 banks is 48,809,000,00(3 dollars, which is an increase of two billions aver 1905. The demand deposits total 18,800,000,000 dollars. Majority time deposits and individual accounts, such as savings, increased by 4,000,000,000 dollars. Tne Christmas season will be one of the greatest buying holidays. The banks will pay Christmas savings, amounting to 1,000,000,000 dollars, early in December. It is estimated an additional 500,000,000 dollars will be spent by the public, and charity contributions are expected to amount to several million dollars. It' is officially stated that every business, with the exception of agriculture in some sections, has experienced prosperity, Mr Mellon, Secretary to the Treasury, predicts that the cycle of business, which was sound and progressive in 1926, will continue in 1927.
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Evening Star, Issue 19406, 15 November 1926, Page 5
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155PROSPEROUS AMERICA Evening Star, Issue 19406, 15 November 1926, Page 5
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