As the houses built or paid for are taxed, this is of course but just, but it is an exception to the rule of the illogical general property tax.[14] Sec.14.

#Possible developments of savings institutions.# The social importance of increasing and improving the agencies of savings for the masses is being more fully recognized, but much more might be done in these directions.

Some possible changes have been suggested above, and a few words more may be added.
Probably the greatest developments in the near future will be through the savings departments of commercial banks (favored by the reserve rules of the Federal Reserve Act) rather than by the increase in the number of special banks for savings.

The initial expense and risk of starting a savings bank is considerable, and outside of cities of some size this is prohibitive.

Whereas a savings department, with its funds and reserves separated, can be easily and cheaply operated in connection with a general bank.