The morning call., 1891-10-21
PEOPLE WHO SAVE.
Table Showing the Nationality of
Depositors in One Bank.
Teaching Lesson of Thrift, and How Homes
Are Being Built Up in This City by
Means of Stamp Deposits.

Only those who have availed themselves
of the stamp system of deposit adopted by
the Peoples Home Savings Bank can real
iZe the amount of benefit that has already
| accrued and is still augmenting its useful
ness and benefcence. The terms "Peope' s
| Home Savings Bank" and STAMP Deposit
| System" are synonymous. The bank is the
institution in which the people accumulate
and save their homes. The stamp system Is
means to the end. The possession of a
home indicates thrift. How often do we
hear the expression, "Oh, yes, lie is smart,
and he knows how to make money, but he
is shiftless." He simply does not husband
his means. II the same man was placed in
such position that he would be compelled
TO save his surplus earnings lie would be
astOHished to find how soon his apparent
shiftlesSness would turn to thrift. Let us
Illustrate by fable.
Two men were in camp near stream OF
water. and all they had to carry the water
in from the stream to the camp was very
fine seive. One of them took the seive, and,
going to the stream, filled 1T with the water
and started to carry 1t to the camp. Upon
arriving there not drop was left. He was
astonished and said: why the holes were
so small that did not think the water would
leak Out" The other took the seive, and,
going to the edge of the stream, rubbed Il
coating of stiff clay over the bottom, and he
had no difficulty in carrying the seive full of
water into camp. He first man expressed
astonishment, and asked: How did you
do that?" 81 simply stopped the holes"
was the reply. If men in their daily ex-
perience in life would simply stop tie holes,
and thereby prevent the leaks, they would
be surprised at the amount they would be
able to accumulate. The stamp system
stops the leaks. The children are being
educated to the system, and the result is,
that short as has been the time since its
adoption, the Peoples Home Savings Bank
has to-day upward of 5000, or approximately
10000 depositors who are stopping the leak
by this stamp system.
Unless one would take the trouble to in
form himself positively as TO the growth of
the movement it can SC rceiy be realized.
On Saturday, October 18th, there were 76
new accounts opened, and on Monday, the
18TH there were &C new accounts. This is
sufficient to show that the people are being
educated up to the idea of thrift. The fol
lowing statement of the nativity, number
and percentage of the depOsitOrs copied from
the records of the Peoples Home Saving
Bank argues well for the thrift of the wage
earneTS of this city Ii is Interesting as
study of the dispositions of the peoples of
the world, and 1t naturally suggests this
question: If one bank can make such mag
nificent showing, what must be the per-
centage of the population having bank ac-
counts in this city in all of the banks?
There is every reason to believe that very
large proportion Of the people are laying
up a store to protect themselves against
troubles in the future and the iutirmiiies of
old age. The following is the statement: