The Saint Paul globe., 1896-09-27
SAVINGS OF THE PooR.
The Associated Charities RECON-
mend a PrOvident Fund.

The Associated Charities Recon-
mend a Provident Fund.
The subcommittee of the executive
committee of the Associated Charities
of st. Paul, appointed to consider the
establishment of provident fund and
the employment Of a collector, and an
agent for friendly visiting, held a meets
ing yesterday. The matter was given.
favorable consideration and E. w. Peet,
H H. Hart and Mrs. c. G.. Higbee, were
appointed to make arrangementsf4fo for
the opening of the project as soon as
possible. A partial report of the sub;
committee follows: 1
Experience with provident funds has
demonstrated that regular depositors.
who chiefly are persons of meagre in
comes, have improved in habits and
character. They also made financial
provision against emergencies which
would otherwise have imposed burdens
on charitable institutions or relieving
societies. They have led to improved
citizenship, because they have Increased
the number of property holders sfs
We find that 1t is important to the
success of the scheme that the deposit
tors be sought at their places of abode,
or employment, and, that for the first
time our present and prospectivee ifl-
come seems to warrant the necessary
expense. Therefore we resp ectfully re-
commend: - :
That the Associated Charities estab-
lsh and maintain Provident Fund to
be known as the "St. Paul Provident
Fund" the treasurer Of the Associated
Charities to be treasurer of the fund
and the secretary to be its cashier; the
fund to be kept as separate account
in savings bank. The interest paid
on daily balances to be credited to the
expense of the fund.
That the stamp system be adopted
stamps to be sold at various deposi-
tories by approved people, who shall
pay the cashier in cash for stamps
or, upon the approval of the president
and recorder, the cashier may deliver
stamps to representatives on payment
of at least one-fourth their price, TAX
ing their receipt for the balance
The employment of suitable woman
to act as agent of the Friendly Visit
ors, who shall also act as collector for
| the provident fund.
That the following be the rules and
conditions governing the st. Paul
provident fund. The undersigned be-
ing desirous of depositing savings.
hereby appoints the Associated Char
! tiles -- agents to receive and de-
| poSit savings as shown within. De
posits can only be made through this
agency by attaching stamps to this
! card, and will be received in no other
! manner. The stamp must be attached
to this card by the seller. When one
| is filled another should be obtained.
| Whenever card is filled, if the sum
/ of all stamps attached amounts to ST.
| or more, an account will be opened di-
rect with the holder and subject to
/ his own order at savings bank, where
book will be furnished on the de-
post of this card, and interest will be
| allowed, when the bank account
amounts to S. or more. Cards not de-
/ posted in savings bank will be re-
! deemed on surrender Of this card at
the stamp station or office where the
/ deposit was made. No sum shall be
withdrawn less than the amount rep
resented by all stamps attached. Five
cents will be charged for all cards on
which the amount withdrawn amounts
to less than SO cents. The association
4 shall not be held responsible for any
loss in the event of the failure (tfat)
| of any such bank, but shall be re-
lieved from all liability for said money
/ so long as 1t shall remain on deposit
with such savings bank 49, :
Committees were appointed to ar
range for the annual meeting of fthe
Associated Charities, Oct 12, and the
public meeting, which will be held
/ Nov l6