Connecticut's Most Prosperous City --- A Good Place To Live -- i} ' , 42 Per Cent Oi The ‘People Own Their Own Homes ? race my, ., r, The Following List of Boosters Have Joined In A Co=operative Effort To Make Norwalk A Bigger And Better City: it . ' O - ' 011'! RATIO!“ sass scorn scams: Io. semis ,_ ,_,_ Cou- savnros sass ' so. semis _ cons. .-. -_.. . WALT]! 3. COMM This Story Is The Best ' Boost N orwalk Can. Have seems... um 1,33% mar READIT ANDTELLYOUR FRIENDS OF NORWALKS’ ~/ “m “"- ‘ fi ' PROSPERITY! , . fi . ‘ Ibfifi'fiuwzm 01011000113 01501500001150 lN TEN'YEARS? ‘ - - 'At Start of Fiscal Year of 1916 They Were $13,000,000 — Today ‘ ”m“. 9.2%” W" .They Are $27,500,000. City’s Per Capita Wealth is High. 8915‘ , we W m- T- ”when for Every Man, Woman and Child — Three Times Greater Than I That of‘Country’s. ‘“ The people of the City of Norwalk have in the past 10 years more than doubled their bank deposits. At the start of the fiscal year 1916, the nine banks of the city. had on deposit in both savings and commercial accounts close to $13; 000,000. This year, with eight banks, the figure has reached just short of. $27,500,- 000. ' , 8916 res Everyone In the same time the amount of de- posit, if divided among the people, would have been suificient toggive every man, woman and child in the city $491 in 1916 and the amount had jumped by January 1 of this year to $915 for each one. Norwa’lk’s per capita wealth on de- posit is three times that of the country as a whole and nearly twice that of Connec- ticut as a whole. At the present time, from statistics compiled by R. N. Sims, secretary-treasurer of the National Assoc- iation ot' Supeivisors of State Banks, it is calculated that the nation’s _ deposited savings and commercial deposits of 34 billions pt dollars would, divided, give each American 8810. Connecticut, with over 800 million dollars and a population of a million and a half, could give 8533. figures Arc Accurate . The figures are presented as qualified statistics, but are considered reasonably, accurate. as to distribution per capita be- cause, in the opinion of authorities, the amount of money deposited in local banks by rural eats not calculated in the 30,000 pop on about oflsets the uncut deposited by orwalk people in banks at nearby larger cities. . In the 10 years since 1916 be per capita deposit'amount has just: from ' 8491 to the 8915 mentioned before. Lack- ing census 8‘ the population can only he estima on a normal rate of in- crease between 1910 and 1920 and this gives‘an approximate 26,000 residents'm 1916 as‘cgmpsred with the 30,000 figure new claimd. So, while deposits more- thsn doubled, the per capitssdeposit did not quite double in the period »: ‘ lithe-entrant- limp ' * Savings deposits, however, increased . 0 ~ A tremendously. In one bank, the People‘s Trust company, the 10 years saw the total of all deposits increased 251 per cent. During that time, the savings deposits on ‘ the other hand, increased to six times their former total, according Ito officials _of the bank. Norwalk’s banks decreased in number from nine to eight in the period. They, are, therefore, correspondingly richer. In 1916 the ayerage deposit balance was $1,- 421,000 and at the start of this year it grew to $3,430,000. The reason for the lessening number of banks was the amalgamation of the Central Trust com- pany and the Fairfield County National into the Central Fairfield Trust company about three years ago. Norwalk’s average bank deposit is more than double that of the banks in the rest of the country. There are 20,289 banks in the United States, with an_ average deposit of $1,681,000. This con- trasts with the $3,430,000 average here given above. Following is presented the table of de- posits for the local banks for the begin- ning and end of the 10 year period used ' in comparison: Deposits Bank Jan. 1, 1926 Jan. 1, 1916 Norwalk Sav- ,0 ings society .. 6,436,051.87 4,249,000-00 Central Fair- field Trust Co. 1,972,895.66 ° Central Trust company .3. . ° 282,187.76 Fairfield :- County Nat. ' 732,260.02 Norwalk N a- '0 tional 1,818,185.43 334,737.37, Bo. Norwalk Trust Co. 5,910,022.74 1,859,842.91 People’s Trust company ..... 833,317.94 237,071.63 City National 2,784,065.83 623,218.00 So. Norwalk Savings ..... 4,994,777-27 2,680,247.68 Fairfleld County Savings 2,696,456.90 1,793,987.12 27,445,773.“ 12,792,55249 ° Non-existent, . Reprinted from The Evening Sentinel of Aug. 18th. scams ART IMO COMPANY ‘ 118 Washtnston at. Tel. “8 lo. Nos-walk. Conn. DAN’S ms SHOP Daniel J. Mellllo 98 North Mun Street In. Romain c... . ,‘5 m o. a. showtime: comm . Established ever It years ‘ \ , Paper Bones and Wood Ones Io. Nomlk Con} am I%O:§MB¥ .7 Pro . 9.13:. at so West Avenue. Norm Conn. _ m nooswoon inc. comm . Io. Nougat 9' , Conn. I " seem a nun. Hats Io. Norwaus Conn. m TAYLOB 8 GOLD!!! comm telephone 1330 So. Nonalk, Ct. ' savers auracassr' 88 lo. Ulla Street ' fl. Nos-gal! N,“ Conn. .1- W. 3. ausrm 1 Chevrolet tales and on" Railroad Ave. lo. Ne Conn. warp-e-df‘fiy , .~.. lu‘I~;~ ruminant so. as»... m es, lo. m ‘ rs mama f. T, I cssran. ’ TIMI! OOH“! ' r Nos-walk . V ‘ m .2 l“? 7 NATIONAL BANK 013 , r? ' NOBEL“ ' 4 Wall St. - Nerve. - ' 3. I: sac-rs Plumbing. Heating, Iheet lists] I w ll w": 1 . a Street. a ’ Con. Phone "Tut! . mom more m ; STUDIO! 70 lo. Main St. lo. Norwalh. as I. G. Vincent—Phone It" 4 . murmur. ' summits, so. . . .. lo. Nor-gala ,_ _ eons. ' JOHN. LT. 8 POW! If 00. Power Norwalk , ‘ F-fii Conn. an... .. .. n. ' “Um I n”? ' ' a.“ I l NOI'WIJk ' Coal. ’"" I. I. 10ml ""1 Leading Emissary-list. 80 yrs.- ‘ 81 North Main 8L. Be. Norm! ran seaward: nan! co. ‘ , 1, , ransom lath and has :1 ss Center an. Warpath. Conn. ‘ srsaanrsrnssnm OO. 51-" North Iain trees lo. Nos-pals, Conn. ”_Jflgi; .. , ~ ' 1.1 v1.1. . lagoons! m, ' . l mums } The Experts er West Avenue, 8mm
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