The Hickman courier., 1872-08-10
Savings Banks.


it The ChildyeDs Bank % She had
sound idea of the system OF Swings
Banks, for she guaranteed the safety Of
The deposits, and inspringly made diyi
dends in premiums to the deposit0Ts
Great and blessed woman But the ac
cepted founder Of Savings Banks 10
Great Britain was Rev Dr. Henry Dun
can, who conceived the idea from read
ing tract on social economy by John
Bone, aud in 1898 the Grst bauk was
established By a few rich and benevolent
genilemeD, to benefit the working people [
by receiving any sum, however small, re
turning Il at Christmas with the addition
OF one third as the bounty for economy
But there, and here, all such institutions ]
were voluntary organizations till 1917. /
when they were first chartered by Par
lament, aud since which time they have
increased vastly IN numbers and efhcien
ey, and scattered their blessings all
through that suusetiess empire.
Philadelphia had the first Saving
Fund Society" in America, il was char
tered by the Legislature in February
1916 4 month later the Legislature OF
New York chartered "The Bank OF
/ Savings in the City Of New FORK, which
/ has grown steadily every year till lis
depositors now number seventy thousand
Savings Banks had their origin ex
clusively with View to better the con-
dition of the poor aud even Low the
popular idea Is that they are. Us Mr.
Keys says, "a part Of the charitable
machinery of society, like asyiums and
homes for the INDECENT, whereby the poor,
the weak, aud the deteuseless are pro
vided and cared for aud that as such
these enterprises arc to be cherished and
promoted. Bat they have outgrowD
their early instructive character as chari
table institutions. and taken their place
/ proudly in the front rank among the
great powers Of the social stale.
ADVANTAGES or SAVINGS BANKS.
Here we enter upon bouudless field
/ I or who can measure the want and suI
fering relieved ia dark days Of trouble
the Increased industry, thrift, aud iD
/ dependence which the habit of saving
/ promotes-how much temptation to idle
ness, sensual Indulgence, vice aud crime
prevented-how much greater tie pay,
aud how much slender the demand ior
the superior and reliable labor or services
of a sober, intelligent. sturdy work man
how the standard Of thrift and ec0no
my in wife aud daughters Is Fai>ed d-howt
much more decent and decorous in dress
and manner all the members of the lami-
iy-how they rise, insensibly to them
selves it may be. in the respect aud con
hdeuce of the best clas-es IN their neigh;
borhood-how much otteuer in church
or lecture room. or at the circulating
iibrary-how much promp'er at school,
and how marvellous the progress how
ali the blessings of this life cluster
{ around such household-how happy
marriages, future houors. fortune, friends
: usefulness, happiness greet the manhood
and womunhood Of the Savings Bank
deposition Children when his WORK Ia
over-aud how brighter he prospect fol
such a family when their serious thought.
stretch off to the life to come?
INFLUENCE OF SAVINGS BANKS.
The best labor IS first in demand for
, any enterprise. and no new one csn be
carried out without capital, and there is
40 capital except the savings of labor.
This sends enterprising men to the
t Savings Bauk for money. Many thou
, sand mechanics and laborers Of New
! \ York would have been out Of employ
ment had their employers not been able
to borrow the very money which the
wor king men had deposited Depositors
: are often enabled TO start enterprises
with their savings, and make large gaius
, by profitable purchases of land, or MA
chinery. or business, especially in periods
of panics or depressions There are
thousands Of rich men in this city who
can trace their fortunes to their first
savings deposited; and afterwards, the
first start thus gained, secured all the
rest Savings Banks have been the
reservoirs of capital from which hun
dreds Of millions of dollars have, during
this generation. flowed out into the
myriad channels OF public enterprise.
Society gets no good except from the
industry and virtue of its members
Tho>e who produce nothing are droues
in the public hive, and live upon the
workers. II we sean it down close, We
shall fnd that takiDg out children, the
aged, sick, helpless, yagrant and idle
all those who consume without pro
dueing-the work Of the country is done
only about one IN five Of the population
so that each working man aud woman
is obliged to support four others besides
themselves. and what these eight millions
of producers save after all this, con-
stitutes the wealth of the country. What,
then, does society owe to those who do
the work 2 Its very existence But
how few of the workers save surplus
Over $500. 600, 900 a year goes for rum
aud alcoholic, drink which leaves moth
ing but blackened ruin iu its track. The
drunkard-be he 4 tippler or u sot-is
curse to society. Depositors in Savings
Banks have one great virtue, if no more.
They build up society, and as rule
they are good members of it. They oe
ieve in social order and promote It.
Who so deeply Interested in preserving
public order as the man or woman who
has something to lose? Especially If
the stake be the surplus of hard honest
toll. Mr.. Keys we'll says; They were
not the depositors in Savings Banks that
went sureing through the streets OF
New York in 1868. threatening, burning,
destroying apdonurde
If then, NJ whole body polite Is
nourished only by the producing aud
saving classes, It's moral strength comes
from the example aud conduct of good
citizens. These sustaining forces all
originate in the family. The depositor
, is better husband, father, neighbor'
friend and citizen. He takes his vile
into his business confidence as he should
do-she knows how much he makes and
saves, and his example inspires her with
greater economy, self-depial aud ambi-
? ton for Improvement and independence
5 Every wife is ennobled by this conf
dence. She is generally "a ,partaer for