The times. (Owosso, Mich.) 1882-1897, 1891-03-20
Nickel Savings Stamp System,
Something New and Novel
MAKING IT POSSIBLE 10 DE-
POST AMOUNTS AS SMALL
AS FIVE CENTS.
INTRODUCED By
The 0wosso Savings Bank,
owosso, MICHIGAN.

Bank found itself confronted with the
fact that its location and business policy
were not in arcord with the general thrift
and energy of the community. The first
difficulty was Speedily remedied by the
purchase of one of the finest blocks in
the business portion of the city. This
building was elegantly refitted with
vaults, safe, safe y deposit boxes and
furniture. second to none. Deeds, mort
cages, insurance policies, and in fact
every description of valuables can be
kept in these boxes with perfect safety,
for one half the interest on the pur-
chase price OLA common fire proof safe.
The second problem was not so easy
of solution, involving as it did the change
from an institution owned almost ex-
clusively by foreign capital, with three
members of its board and its President
and Vice. President non-residents, and
with large per cent of its money loan
ed outside of Owosso. At the earliest
possible moment majority of the stock
was placed ut home and board of direc-
Tors and officers elected composed en-
tirely Of Owosso men, whose interests
demanded that the Second National
Bank in its favOrs should be for Owosso
first.
They also took time by the forelock
aud organized savings department in
connection with their other business.
This movement met with such hearty
support from all sides that it doubled
the volume of business. The results
more than fulfilled the expectations of
the Directors.
Out of this grew the idea of making
this bank the representative of the
economic interests of Owosso and vicin-
ity. The savings law Of the State SEEM
ed to afford The best means of handling
large number of small deposits, aud of
loaning these funds on unQuestioned
mortgage security; hence, the Second
National Bank of Owosso, Michigan,
surrendered its charter January 13, 1891,
and its entire assets were transferred to
The Owosso Savings Bank.
Every day proves the wisdom of the
change. But the present management
was not content to stop here, and is now
introducing, at large expense, the
Nickel Savings Stamp System, that nc
persons. however poor, may be debarre0
from having sure and safe place for
their small savings.
The bank establishes agencies at diff
ferent points in the city. The system
explains itself. On entering a store
having an agency, your attention is at.
tracted by q handsome card 22x2S en-
closed in rich frame. In silver letter
ing are the words ''Only a Nickel"
On the upper portion of the card is a
scroll with $500 years, $555. It's not
what you earn, its what you save that
makes you rich," also large lith-
ograph nickel and a savings stamp
book. The center has a black back
ground on which in prominent gold
letters is, "The Nickel Savings Stamp
System" The lower portion of the
card has a sheet Of 20 savings
stamps and savings bank book, also,
agency, Owosso Savings Bank, Owosso,
Mich. Nickel Savings Stamps"
Children and ladies, nine times out OF
ten, invest their spare change in stamps.
With the first stamp purchased, Nickel
Savings Stamp Book is given. A page,
when filled with stamps, represents III.
When the page is filed the depositor
takes the book to the agent, who tears
out the leaf and sends it to the OwOsso
Savings Bank, which enters upon its
register the number, name and address
of each depositor, and issues regular
savings Bank Book, showing a credit to
the depositor of$l. This book is deliv-
cred through the agent to the depositor,
who begins to fill another page of his
stamp book.
This new system of making small de-
posts brings the depositor and bank
closer together.
Often workingmen, ladies and chill
dren cannot spend the time to come to
the bank during banking hours, but if,
by strolling around to a corner store in
the evening, or by stopping to or from
work and school, they can make depos-
its by buying stamps, many Titles will
fast grow into "mickles" The desire to
save grows by what it feeds upon. 1t
teaches depositors that what maintains
one vice would bring up two children,
and that "if you would be wealthy,
think of saving as wellas of getting.
The system is no experiment, and is
destined to become an important factor
in the banking interests Of the country.
The Citizens Savings Bank of Detroit,
alone, has sold over 100000 nickel saw
ings stamps.
Stamps can be purchased at the Owes
so Savings Bank also. The following
are agents:
Osburn e. Sons, Parkill & Son,
w. s. Hunt, G. A. Conner,
l.. NJ Eighme, G.. +. VanDusen,
johnson & Henderson, Theo. Laubengayer,
NJ. A. Sprague & Co., Wendell Klaus,
A. 4. Thomas, II. j. Stever,
J. g: Haggart,. F:B. Richardson Co.,
+. Il. Brooks 81 Co. III. AFFORD.