The morning call., 1893-12-17
VALUABLE GIFTS
Progressive Lock Boxes
for Small Savings
Novel Idea Adopted by the Pacific
Coast Savings Society to
Encourage Frugality.

"Just look at the pile of pretty boxes In
that window" said bright-eyed little fel-
low to his father as they were passing along
Montgomery street. opposite the Lick
House, yesterday afternoon.
''They are little banks, my son." replied
the parental relative. as he stepped into
the society's office to examine the deposit
cries for encouraging small savings.
After reading a printed slip which is
given away to each customer with bank
free of charge, the boys father secured
two of the novel progressive banks" as
they are called by the savings society issu-
Ing them.
1t is only about a week since they were
introduced and the staff of the society has
been kept busy dealing them out to young
and old.
At first glance il occurred to CALL
representative who was passing the insti-
tuition yesterday afternoon that there was
a run on the society, but upon making in
Quiry the true reason of the rush was ex-
planned and the courteous manager, Mr..
Murdoch, stated that the members of the
board of directors and he had for some
time been endeayoring to devise some sort
of system that would encourage the saving
OF money on small scale.
Finally they concluded to adopt the fol-
lowing:t
1t is called progressive savings bank.
The bank, which IS very ornamental, is
made of bronze. 1t has a superior Yale
lock, and otherwise is convenient and
neat.
They are loaned to persons who will
agree TO save their money by placing it in
them, and at least once every two months
deposit the contents with the society upon
the understanding that interest at the rate
If per cent per anDum shall be paid
therefor.
Many people. and more particularly
young men and women, overlook the funda-
mental principle that leads 10 wealth. viz:
To save. 1t Is an old adage, but it always
holds good. Save the pennies and the
pounds will take care of themselves"
This Is just what the new progressive
banks are for, and those who do not care
to open bank accounts on small scale in
the regular way can make their deposits
from nickel upward in their own bank
at home, and nUbndy can touch the coin
but the society, which holds the key.
Has it occurred 10 the great majority of
persons that % cents day, saved and
placed on interest cnmpOunded at Der
cent, will amou' TO $500 in ten years?
Then the big father of these cute little
banks, the Pacific Coast Savings S ciety.
and having at its head a well-known sue
cessful business man of high standing.
Wendell Easton, will attend 10 the inter-
ests of small depositors just the same as
II they were milliOnaires, and the institu-
ton, as every one knows, has high repu-
tation In the city and throughout the
State.
Already about 1000 of the banks have
been given away IN this city and the de-
mand Tor more of them continues.
Young people who will secure one OF
more OF these banks will IN short time
find that instead of spending a nickel or
dime on candy or some other luxury the
will be eager to swell the amour IS In the
little banks; and il must also be borne in
mind that parents and friends often drop
something into them, whereas if the
amounts were going in some other dirac-
ton IL would not be Forthcoming so readily.
Laboring men and women Will also find
the banks help TO save money that nigh,
otherwise be sQuandpreds