Friday, November 5, 2010
Dime Savings Bank
Today's picture is from about 1900, and is shows the interior of the Dime Saving Bank. I find it interesting the number of old banks we looked at this week that had the word "Savings" in the name. Also, as I look at the interior of the bank, I see the "Savings Department", and the word "Savings" over another part of the counter. Our culture back then was one of being "Savers", and the banks helped us by providing a safe place to put the money, and offered us modest interest on our savings. Now, the big banks rarely focus on saving, instead they focus on "Borrowing". Just look at all the advertisements from banks encouraging us to borrow and spend. When was the last time you saw a bank commercial about saving? We have become a debtor nation, composed of debtor families. I fear this does not end well.