Excerpt from The American Legion Monthly, Vol. 17: December, 1934 It is notable that In the Federal bank holiday of March, 1933, one activity only of banks and trust companies, except for mere change-making services, was continued as usual without restriction throughout, that of safety deposit. Customers had access to their rented safe-deposit boxes or their stored bulk valuables, whatever else was closed down. Hoarders of money, who received blame for having contributed to the very conditions that had led to the holiday, were able to put more money in their boxes or to take money out despite the general shortage of currency. Persons with interest coupons falling due, insurance policies to cash in, notes to collect or renew, wills to revise, simply went and got the papers. Culmination of a period that had seen men having less and less of valuables to be stored, the holiday stressed the peculiar nature and convenience of a safe-deposit box. I mean to go into these considerations presently, but first something on the evolution of the safe box seems in order. The modern safety-deposit vault, in which the safe-deposit box is contained, is the latest word in the long series of successive advances in means of guarding man's possessions against the menaces of fire, theft, storm, riot, flood and his own carelessness. It connotes not only the crude depositories of prehistoric folk but the (continued on page 44) About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.