The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1852-01-28

For the Middlebury Register,
Mn. ERROR:

|
II you will allow me a small space
in your columns, would like To presen,
to The community some remarks, upon a
subject OF interest to all, and more par
ucularly, To class of people who are
operatives in our midst. 1t is known to
this community, as yet, however, too
lImitedly), that we have in this town a
Savings Bank" Instituted years since,
by few benevolent citizens, in compli.
ance with an act Of the Legislature, for
The express purpose Of inducing a class
OF people. who wish a sure place for a
sale Investment of their daily earnings,
to avail themselves of such benefits as
flow from such an institution, well man
aged by prudent. discreet men. Tie
Savings Bank affords to the artisan, the
day laborer, the household mHid, an on,
por,unity to deposit their small earnings
from time to time, bearing interest from
date Of deposit. of , per cent, declared
semi annually. These dividends thus
declared are placed To The individual
entitled TO them, and upon both lnteres,
aud principal, thus accumulaiing. the s
per cent. Is constantly going on. No
sum, however. less than one dollar is
received on deposit al one time, aud
from that sum, To an, amount offered
1t is a truth, well understood by care
lul men. that small amounts carefully
husbanded. produce. in the course of
wears, an amount, To inconsiderate
minds, perfectly astonishing, and this.
too, without any interest accruing This
being true, hon much more asioni.hed
would that class Of persons lie, TO real,
Ize an amount including interest, that
would in The course Of years accrue
from safe investment, on deposit Of
their small earnings.
There is growing disposition among
class of young men. Just starting into
active business life, TO spend as fast as
they earn aud often to ruu in deb, over
snd above their means TO Ply. The
Savings Bank affords a safe place, such
as they need, where their means depos.
tied, gradually accommodating. are draw
ing interest, and from whence, if they
are deprived Of their health, they can
draw 10 meet their wanty, imme date. or
prospective. This remark applies with
equal force 10 our young ladies', who
work out bJ the week, or other wise. To
earn All honest living. Instances are
on record, where girls, operatives 10 the
factories OF Massachusetts, have, BY a
dlligent course Of carefuness AID econ>
omY, acquired means and prudently de.
posted them in The Savings Bank, in
the end appr' priatlng those very means,
To save beloved Homestead from being
sacrificed. aud an aged Father and
Mother turned houseless aud homeless,
upon cold. calculating, selfish world.
Our large towns aud cities abound
with these Saving Institutions. where at
The presen, time millions Of d0iiars are
safely deposited. drawing interest. and
Immediately aud prospectively where.
with perhaps TO render declining years
comfortable aud happy.
There is not half The risk usual, run.
IN loaning money, experienced in these
saving institutions. from The fact that
money thus deposited. is lnaned by one,
who is well acquainted with all those,
VINO, in active business demanding funds,
apply Tor loan, aud also as unbounded
security is demanded. and that, too, of
nature rendered almost morally impossi.
BILE to prove worthless. While Rail
Road stocks are sought nfer with un-
wonled greediness by many in the CO IN,
munliy. possessing money and SEEK ny
an Investment, there are very lew. so su re
OF adording safe semi annual returns of
dividends or interest, as an investment i :