The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1892-04-16

ioHfth page Is printer 3
stauols in New York ana
where deposits can be ii
are also blank lines 10 be
wnen the account is closed.s. - =
tor the amount of money witEhawn
another is for the date of the witIirawal,
aud the third is for the signatu: OF the
depositor in receipt of paymen.
Wnen boy, tor instance, wishes 10
save his pennies he goes to- a station
and makes known his desire. A sigma
ture slip is han ed to him. ca Il ne
writes his name and place of residence.
a stamp card is made out for him, and
If he has penny or five cents to de-
post one cent or five cent stamp is
put on one OF the squares of his card.
He is made to understand the impor-
tauCe Of keeping his card safe. If 1t is
lost he loses all the money that he has
deposited. As no books are kept at
the station or elsewhere, there. is no
means of knowing how much has been
deposited. When a card is filed With
stamps it can be exchanged for pass
book on delivery at the central deposit
station at 2I University place.
In this book is recorded the value of
the stamp card. Another stamp card
can be taken out, and, when filled,
record of its value can likewise be en-
tered in the pass book. All money
must be Withdrawn at the station where
it was deposited, and by the person
dcposing it. This is to insure identlf-
cation and to prevent cards from be-
coming current in stores and saloons.
No sum less than the amount On the
card can be Withdrawn. Stamps not
attached to cards are not redeemable.
Under these rules and regulations
the Penny Provident fund began opera
tions on the Est OF August, 1888.
Stations were first establish at the Offices
of the friendly visitors of the Charity
Organization society. But the system
became so popular and the demand
fr- ,a fol h hltch nf CT =,
churches, chapels, schools, stores,
working girls club, etc., became so
urgent that the institution was reorgan-
lied. 1t was separated from the
Charity Organization society and placed
upon an independent basis. As the 8
per cent. interest received on the
deposits, which were placed with the
State Trust company, of this city, was
insufficient to pay expenses, a number
OF gentlemen pledged themselves to
pay $Ioo year tor five years to main
tam the institution. The number of
stations in this city and and Brooklyn
was largely increased. Stations were
established in other parts of the state,
aud also in Kentucky, Pennsylvania,
New Jersey and Connecticut. Ga the
Ist Of last November they numbered
I39, with 1887 depositors, and de-
posts amounting to SI1, ,264.55. Since
the fund was started there have been
over 10000 depositors.
Among the depositoIs are persons
of all ages, including kindergarten chill
dren of three and four years. Their
depoSltors reach as high as forty years.
Their deposits reach as high as forty,
fifty and, in one case, sixty dollars.
Many OF them become depositors in
savings banks, thing that never would
have been thought of without the
encouragement of the Penny Pfovident
fund. They save for all purposes
shoes, clothes, riggs, pianos, horses,
tcmbstones for parents, graves, Christ
mas presents, Easter bonnets and
summer vacations. One of the great
incentives to saving now is the desire
to have money enough to go to the
| Worlds Fair in Chicago.
FRANKLIN SMITH.