The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-12-30

ciass savings INSTITUTION the IOloWlng requi-
sites are indispensable:
I. CAPITAL.
2. Business TACT AND EXPERIENCES.
3. HONESTY.
4. CONFIDENCE OF THE PUBLIC.
All of which the managers Of the State
Savings Institution possess in an eminent
degree, as the following undisputAble facts
abundantly prove. First. then, a. TO its
CAPITAL
The State Savings Institution Of Chicago
has paid up capital of $500, 900. and
surplus Of Sl20. OO0-making an available az.
gregAte Of $3.50 600; in addition to which the
stockholders embracing many Of our most
wealthy citizensl. are responsible for twice
the amount of their subscribed stock. making
It one Of the most reliable monetary institu.
tons in the United States And in times
like the present, when it is AS essential to
know E'here to deposit "a when to deposIt-to
distinguish between banks with bona fde
paid up cash capaal and those with a So
called guaranteed capital, which frequently
means no capital at all; in fact, the distinc-
ton between the bogus and the genuine
these figures will speak more eloquently than
any labored argument, and furnish the best
assurance and logic to depositors and the
public at large.
BUSINESS TACT AND EXPERIENCE or ITS Man
Ayers
Judged by it's success, and the stand
ard that " a tree is known by ITS fruit"
and We know Of no better-the business
tact and experience Of its managers have been
amply demonstrated alike in seasons Of de-
preston and commercial prosperity. At all
times and under all circumstances, for nearly
twenty years, they have proven equal to
every emergency. During this penod We
have had panic upon panic, many Of them Of
needless and some Of them Of an alarming
character; and, a. a matter of course, the
State Savings has frequently felt their full
brunt. yet it has successfully defed them all,
and never for an hour suspended payment or
closed its doors. This may be luck, but it is
the same kind Of luck which usually attends
the vessel whose captain is more anxious TO
make safe than a speedy passage; who,
seeing the approaching storm, prepares for
the emergency, and who is always at the
post Of duty to meet the threatened danger.
With rtference TO the third RECRUITMENT,
HONESTY.
| 1t is only necessary to add that from the
first hour its doors whre thrown open tor the
transaction Of business no depositor has ereT
lost a dollar ia principal o. mterest-either
through is iaaJility astciiingneSs to pay.
For the protection Of its customers certain
intiexible business rules must be Observed.
Unless this were the case-it would he im.
possible that an institution Of such magni.
tude-snd doing such an immense business
could occupy the position it does. but where
these requirements are observed-every de.
positcr feels assured that has funds are safer
to his call
And last but not least a. u it, enjoying
THE CONFIDENCE OF rHE PUBLIC.
| Though - a~ss.@o an eminent d4gres
is not blind or unmeaning eonfdence-it il
a confidence established by the test OF years
begotten by a knowledge that its assets
| United States bonds and first mortgages on
improved unencumbered real estate-are the
best, safest and most available that the mar.
ket affords; that no enterprise Of aspecu-
lative character finds fav6rs at its hands, that
the investments Of its depositors are scrupu-
lously guarded that it is controlled BY men
| of means, established character, prudence and
reputation, and that so far as human foresight.
sagacity or business management can secure
immunity from loss-it is as safe--as the val.
uables contained In its vaults
We repeat then that the possession Of these
indispensable requisites must commend them
selves to the consideration of the stranger,
who intends to open an account, but who is
anxious 10 know where to deposit, "safe az the
State Savings" has almost passed into an
axiom, and its career has amply justified the
expression.
To those Of our ieaders who have failed 10
make beginning the New Year furnishes
an excellent opportunity to do so. No mat
ter how small the first installment may be,
let them keep on adding, remembering "tall
oaks from little acorns grow" and when
sickness or loss Of employment overtakes
them, OF when an opportunity is presented
to purchase a homestead, they will thank the
WoRKINGINGMAN' Advocate for advising
them to lay up their surplus earnings TO meet
an emergency or a rainy day.
SAFE DEPOSIT VAULTS.
In Connection with the State Savings
Institution there has lately been fitted up
q series of safe deposit vaults, fire and
burglar proof, where the miIlonaire's
bonds and the mechanics deed or policy
can be deposited, where neither moth nor
rust can destroy They possess every mod
ern improvement and all that human inge-
nuity and skill can accomplish, have been
brought inio requisition in their constrac-
ton. Safes can be had at an annual
rental of So, and certainly there is not a
mechanic in Chicago Eho cannot afford to
pay this sum for the preservation Of docu-
ments upon which his all may depend.
They are located at 80 and so La Sale
street, in the very heart Of the business
portion Of the city.
TEXTS FOR THE PEOPLE.