This is the greatest deposit the bank has
ever had. All this came from the national resources: the weekly
payments are still a million and a half francs, which are paid without
compulsion and without legal processes.
The individual deposits in the great credit establishments of France
which, on the thirty-first of December, 1914, amounted to only 4,050
millions of francs, amounted to 6,050 millions on the thirty-first of
December, 1917.
And during the first three months of the year 1918, from the first of
January to the thirty-first of March, the surplus deposits made by the
peasants and the working classes in the National Saving Bank was
seventy-five millions of francs, an excess of more than eight hundred
thousand francs daily.
* * * * *
A nation that is worn out and bled white is incapable of manufacturing
and sees its commerce and industry perish. Here is the statement of M.
Georges Pallain, Governor of the Bank of France, representing the
accounting of the Counsel General of the Bank for 1917:
From the industrial and commercial point of view, a
satisfactory amelioration is noticeable. The investigation
of the Minister of Industry in July last permits the
statement that the percentage of factories and business
houses rendering a periodical accounting, of which the
advantage is not yet established, is only twenty-three per
cent; it was fifty-five per cent in August, 1914.
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