St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-28
NICKEL SAVINGS STAMPS.
A New Departure by the Ramsey
County Savings Bank

NICKEL SAVINGS STAMPS.
A New Departure by the Ramsey
County Savings Bank.
1t has been truthfully said ut is not so
much what you earn, as what you save
that makes you rich," In June of the
present year the Nickel Saving Stamp
system was first introduced in this
country, having originated in Frankfurt
on the Main, Germany. The Ramsey
County Savings Bank, It's South
Wabasha street, is the first institution
introducing it III st. Paul, aud much
credit is due the concern for its efforts
in behalf of promoting economy among
the working classes. children aud those
who would not ordinarily have deposit
of any proportions. The system is
simple and business-like. Agencies are
established all over the city, where one
may obtain a printed card divided off
into twenty spaces. Each day or'week,
as the case may be. when the patron has
a nickel to spare he goes to the nearest
agent, presents his fiye-cent piece, and is
provided with stamp, which is pasted
upon the card, which, when filled,
entities him to savings bank deposit
book. All deposit are turned into the
bank, 81 at a time. and credited
up. Ere one knows it there
is a handsome balance to his
credit, and the amount is never missed.
1t needs no argument to show this is
better than dropping the nickel or the
dime into the saloon Or some other place
from which no benefits are obtained.
When out of work, when sick, your
no ,dx I nj
awhile, it provides You with capital to
start in business.
This feature-and it is an interesting
one-iS but branch of the business of
the Ramsey County Savings Bank.
which was the first to organize and open
business under the new state law. 1t Is
on the mutual plan. and all earnings
above actual expenses go to the de-.
pOsitors. They conduct savings bank
business strictly, not general banking,
SO the deposltor's money is not exposed
to the risks of stocks, uncertain Securi-
ties and speculation. The laws of the
state define strictly such Investments as
shall be made, and such laws are of
course rigidly adhered to.
The trustees consist Of many of the
best known and most reliable of our
business men, who each file a 5000
bond on the state auditor and receive no
compensation, nor can they borrow
from the bank.
The deposits of the Institution during
the first four months of its business
reached the generous sum of $4,000.
Though young in years. the Ramsey
County Savings Bank is already firmly
established; has bright future; is do
ing noble work for the laboring classes;
and its new departure, the Nickel Saw
ing System, places the bank and the
small depOsitor close to each other, and
encourages economy in manner never
before tried in this locality 1t is pre-
dicted that deserved and abundant
success will follow, resulting i'll habits
of economy and thrift among a class as
yet not reached by banking institutions.
The following are a few of the agents
appointed. a full list will be published
later on: go,
Bigue & Sorenson, 104 South Wa
basha street.
Newsboys' Club Room, Chamber
Commerce.
A. I. Hall, South Wabasha and Isa-
G. f. Clifford, East Congress and
State streets.
Hans Madison, Concord and State
streets.
Joseph Anstett, Concord and Annapo-
lis.
H.F. Pieper, George and Ohio streets.
ii. E. Linse, 1856 Concord street.
Oliver German, Fairfield and Eaton
avenues.
Annual Red-Ffgure Mark-Down
Sale.
The Plymouth Clothing House.
<R.---
See our assortment Of Piano Lamps
and get prices before buying. Dwyer's.
P. V. Dwyer & Bros, 96 East Third
street.
"Oh Woman, Lovely Woman, :
Nature made thee to temper man,"
also to cook him Puritan Griddle Cakes.
Annual Red-Figure Mark-Down
Sale.
The Plymouth Clothing House.
Dyspepsia
Would be a thing OF the past if Flaked
Hominy was in daily use.
The West Side Turnverein will give gym
nastic exhibition aud concert on Wedues.
day evening i l the West Side opera house
corner of South Wabasha and Colorado
streets The exhibition of physical culture
will be we'll worth seeing, aside from the
concert and ball which is to follow