New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-12
TAKING CARE OF THE CENTS.
THE PENNY PROVIDENT FUND AND ITS
ENTHUSIASTIC YOUNG PATRONS.


Animated and brimful Of life they look the white
aproned little maids scampering mp % the assembly
room over Hope Chapel on a Monday afternoon each
eager TO get ahead OF the others. 1t is a sewing
school links ;he visitor. cooking class SONG
thing of that sore: but. no. peep into the room
shows just many boys girls there is the chinl>
OF pennies ring of silver the hourlsning OF many
gay-coored cards The patrons OF the Penny
Provident Fund have come to secure new stamps or
get theii well-flled books redeemed. For an hour
more the treasurer is busy. and the deposors
gather in ltte knots and groups about the dis
cussirg their various interests.
What you going to do with your money Jim.
when you get 1t of the bank asks the treasurer
OF pae-faced lad, who has just asked her 10 keep
s. with the rest
Going to buy oyercoat." says the boy Il have
almost got enough You know took some out to
buy coal"
Has the Proyicnt Fund as many adult patrons as
II has children?' was asked OF enthusiastic Officer.
Not quite many. bat a goodly number For
some reason the working people opposed 10 say
inss banks. but they have faith in our fund, and.
really. great deal of money is saved in this way
which would likewise 80 for stupidness-l say
stupldness' for lack of a better word. We begin
with the children. because through them reach
the parents. then too the of the different
stations. winning the confidence Of the children In
this way, come to know the needs and circumstances
OF the various families and able to minister TO
them
GENERALLY /; is the ambition of a Gcposior to save
Up a certain of money for a definite purpose
When ;hat sum 10 attained the money is withdrawn
but that is not the original purpose Of the FUND.-
NO. We hope that the money saved viii ne
put into Il bank that the dcposiIOr may nave II 10
rely on in sickness or misfortune. II have the
chance TO do 50. always advise putting the
money into BANK but W. have to be careful about
the SUGGESTION be,aus, Of the prejudice az iin,t
banks which. somehow or other. obtains among
.rhe treasurer Of an out-of-town station she
contnled coiiiided TO M h"r rNtFenr "iIipspi',
lh' III regard 10 one ~ Hcf deposit, - IL WI
poor man with large family dependent upon dai!y
Prny ' FTn NJ D1 n 5@H ne, ys 10 NIX the moy
IN bank he declined saying that ne had no "''" !"
'Rut Will draw interest in a bank it was
urged
- nigh, lose it entirely he said Finally. after
two thrr, conversations. he drew IN" 80 out of
the fund and the treasurer hal the satisfaction Of
WHAT was her horror - learn aterward that h. hal
bought kodak with the money and not put II IN
never again advise man under such circum stanceS
II would have been better for him 10 leayG IN me
Three times in the course Of the year" continued
this lady. we have heavy withIrawa.s-in tn
spring. the summer and at Christmas They draw
vacaliom '' ami DT' for Rc RoiiG@y shcppins Some
times We have most gratifying letters from our
done through the fund An unfortunate widow
has just returned 30 her family In England. having
been enabled to DO 50 by the penny-saving plan. u
took her "A long time. but she finally accumulated
tho requisite amount. \ boy the other day admitted
that the money b. was saving was TO be devoted
70 liking up his fathers grave. litic girl saved
money for a long time In order 20 buy gift for
her mothers silver welding \ woman; whose oid
home was on farm III Ireland. savei money 10
buy seeds TO send her mother for the farm
is Ii not expensive. TO keep up -! IN" stations
and pay the costs of the fund.-?
"\erN. In no case are IN" trodsurers paid Inc
bookkeeping Is all done a. the main New-York Of
flee. but last year Il cost 500 To carry on the
work We have - stations in various parts of
the country ana iDool drposiiors. II involves
d loi OF work. The children are most enthusiastic
about IL. AMI often say that their parents want
them to 60 to "A school wheT" there s bank. Those
teachers I'm 'hc pubic schools who have assumed
IN" additional work Of looking after the fund -
be much praised. Some Of them have established
the rule that only pupils who behave well can lie
post money. and this irrifates the Woul-hf ir-
posiiors much. We In hopes that tho Board
OF Education VIII establish this fund as part ~
the school system"