The sun., 1889-11-29
ONE WAY TO SAVE PENNIES.
THE CHARITY ORGANIZATION SOCIETY
IN TIE STAMP BUSINESS.
sn,an Deposits Reeeivea aud Stamps Issned
as Certificates = Nearly Ten Thousand
DeposItors In the Fund Already.

Certificates - nearly Ten Thousand
| DeposItors In the Fund Already.
On the first OF tho present month ss46
persons in this city were in possession OF
pieces OF brown cardboard about six inches
square, covered on one side TO a greater or less
extent with bits OF briRhtacolored paper stuck
| on like postage stamps on letter. and repre-
senting value OF from one to fifty cents for
each stamp. and OF over $4,000 in the aggre-
| gate. THESE stamps were first put upon the
| market n little over n year ago through
the Charity Organization Society, and the
| object OF them is TO encourage people
especially people OF small means. to
| save their pennies. The institution that
issues the stamps is called Tho Penny Prov
ident Fund OF the Charity Organization
Society OF New York" There il a similar In.
stitution in Baltimore started little before
tho one in this city, but practically the idea
was q now one when the society took It up
here. 1t has grown naturally and without any
| special effort to push It, and the extent to
| which Il has been successful 10 shown by the
number OF dspositors at tho present tmo and
the fact that they are increasing at the rate OF
about thousand q month.
The scheme had its origin or its suggestion
In the fact that the visitors OF the society were
so frequently requested by persons upon whom
they called to keep for them small sums Of
| money. IneS0 uIuOuHtb WbTO u0hTlp always
| less than a dollar. Savings banks generally
refuse to receive deposits OF less than that sum.
The cost OF bookkeeping rendered any ordi-
nary banking system OF caring for such petty
sums too costly to be attempted and at last It
| was decided to try the plan OF Issuing stamps
for deposits received in this way. The nine
district offices OF the society In this city were
made places for the receipt OF money and the
issue Of stamps. In few months the scheme
had been caught up SO eagerly by those for
| whose benefit 1t was intended that 1t was nec-
essary to enlarge the facilities. In one dis
trict the depositors were 80 numerous that
| the whole time OF one clerk was required
10 attend to them. The expenses. which
the society had heretofore borne itself. were
| becoming too heavy. and an appeal was made
| for assistance. Mayor Hewitt one OF the first
| persons to whose attention the matter was
called promptly offered to be one Of fifteen TO
| pledge 500 year Tor five years to pay the ex-
penses Of establishing the fund firmly. The
following persons thereupon iolned in agree
ing to be responsible for the expenses OF the
fund up to 50 500 a year for five years from the
lst OF last February: Abram s. Hewitt. Robert
W. do Forest George p. Rowel George E.
Dodge Mrs. George E. Dodge. d. B. Ivison, d.
Willis James. W. F. Whitehouse Titus b.
Melgs. Chas. T. Barney, Alfred Corning Clark.
Mrs. George Lewis D. o. Mills. Andrew Car
John g. M9res, and,se Z Thomas: ,.,
Il Il eS eRa sSsSF &s q SaSs $
esshS SeoSn tie n' B9assR
were were Guiekly Sstablishod in eonneetiS9 con 90 i, with
o Se c and h IN Of Is
city win 70 pretty .hoEo9GhS SSs soysrsd The
the society at 90 William street. l2l Varick
street; at the Church Of tho Holy Trinity, t5
AZ East sixteenth street: Working Girls Pro:
gressive Club b. 939 East Nineteenth street; Girls
Bae se S Bed6PG g. 5n SceSps4 es"n
h0S Gd 4 Hs
IS ASonue 6: Gslilee Mission. $40 East Twop.
ttyy;third street: United states SAVINGS Bank.
EeiloHes Tspley. SIG East Fifty seventh street;
Mrs. Frederick Hoffman. 10 East I12th street;
asrSFss da5 D. l Ess Esss 4Nyh street,
Prospect Heights Club. ~ Bergen 5 M :. street.
lished this month stations at holy Trinity
Mission st. Chry sostom' 8 Chapel. Grace Parish
A person wishing to make deposit In tho
name. residence. and occupation to . little
blank, IN which no agrees to be bound BY the
brown paper folded In two about: the size and
| appearance OF the cover OF an ordinary savings
6H5k pass book Ills nfms n deP9s1 b
| page OF this whore are also printed the rules
| and conditions Of the fund. briefly and to the
| point. as follows:
and surrender Of the card At the stamp station or office
10 ana maT one he rsSr notice OF
DEPOSIT. must Ss nade ey ssiaeSiaE stamp. to .hi.
is aIisd ask for another when card alIed or the sum
o thS sSDs b book Or on % 4S
gard Al the Central Deposit Station OF the
'Is'isS NJ Ss sum can the
f.. o dssssFqy.d psS@sat WI e RR.Ss thereon;
I. This card is not transferable.
s%a C s Gf'S c All
sS.a.sa dHiy .sS.Tsst y FssslS: srnss fSnds
EyeEy deposit Is made and accepted subject to tho
The other side OF the card is divided by ruled
lines into thirty. six little squares. each about
the size oil a postage stamp laid sidewise.
amount in a large figure in the centre and the
words Ponny Provident Fund" above and
6i one three. SseT i've @ ten t%onty.ve, and iits
cents The would-be depositor hands In his
money ana receives tnlS cara, anu tno agent OF
the society sticks to the card stamps repre-
senting the amount Of the deposit. The stamps
are not sold loose. and are not rede0mable ex-
cept when attached to the card. II this were
not the case they would quickly become, cur
rent as cash In the corner groceries and sa-
looms OF the neighberhood. and the object OF
the fund would be entirely lost. The stamps
are OF different color for each denomination.
dull orange for ono cent. blue for three cents,
green for five cents. brown for ten cents, red
for twenty-five cents. and purple for fifty cents.
Each treasurer, as the person In charge OF a |
atntiOn ia cnllAI has to for the stamina |
when they are taken from the office OF the So
eiety. and consequently there can can neyer never be any
treasurer to turn In money deposited. When a |
depositor wishes to withdraw his money. he |
goes to the station at which he deposited it. |
presents his book. and II required. may be |
made to give weeks notice OF his Intention |
TO withdraw AS a general thing. however. he |
has immed lately handed out to him the money |
representing the stamps upon his card. The |
card. with the stamps cancelled. Is returned by |
the treasurer to the cashier at the central
as cash. Bookkeeping Is thus reduced to Q |
minimum. The central office deposits all Its |
49,.