Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-04-25

or little boy invest in government bonds
with the regulation lottery attachment
these are very attraetive), in higher inter-
est-paying bonds of private trusts and cor
porations shall he take speculative Fly
err The postal savings bank itself offers
a very tempting plan in its pension selling
Ihis is mixture of life insurance, ton
tine and savings bank ideas under the
guarantee of the government, and free
from all profit-me king To the working
man 1t offers sure pension in his old age
10 the ia TIL of a family it permits the as
surance of his daughters dot when she
snail come to marry, and mis- sons send
Off when he shall be of age to go into bust
ness 10 boroughs, agricultural societies
cnurch and secular school prize founda-
tions 1t offers suggestive recompense for
stud1ousness. good conduct or meritorious
actions on the part of individuals.
The Government Pension.
If a boy has distinguished himself at
school, If girl has been crowned "rosiere"
1or her hlial piety, If a fireman has he
roically saved lives, or any poor person has
particularly distinguished himself. these
prizes of virtue" are very quick in coming
in France. The actual money value of the
prize may not be SO great, but every little
counts in a land Of saving. And these par
TALLY paid-up government pensions are a
favorite means of recompense.
They work something like this Accord
ing to one 'plan'-the prospectuses and
tables resemble very much the ordinary
life insurance 'literature"-a lump paw
ment may be made of, say, 500. The in
weston or prize recipient has then nothing
to do but to grow old to come into its
yearly enjoyment. He has no annual pay
ments to make. Should he die before the
flxed time, the money is lost to him-be-
cause, indeed, he will not need it. Should
he live, on the other hand, this gambling
chance increases the annual sum he will
thenceforward receive during his old age
ht,,,I xlN11
of ten years will give him at the age of
fifty years an annual pension until death
of about $40. A young man investing q
hundred dollars at the age of twenty will
begin receiving at the age Of fifty an an
nual pension of about s25.
Another plan operates by way of annual
payments up to given age, say, fifty
years; after which time the government
nual pension until death. So, a hundred
dollars year-paid in in such installments
as you please, or as you have the money
II begun by young man Of twenty-one
will realize for him an annual pension
thereafter of $500. Should he die before
his fiftieth year, all that he paid in is of
course. lost Other plans include the re-
funding of the annual payments without
interest in case of death. Others still com
bine life insurance and pensions.
In each of these cases, however, the
actual yearly amount of the old-age pension
Is materially diminished thereby. For ex-
ample. to obtain at the age of fifty an an
nual pension of $40 and $500 life insurance
at no matter what age one dies, a young
man of twenty will have to begin paying
annually about $40.
Hard on the Clerks.
These annual premiums are accepted by
the subpost offices in such monthly, weekly
or irregular installments as the investor
pleases. 1t is the ccmmcnest thing IN the
world to see a girl come in with sixty cents
or dollar and half. The patient post
office clerks, who spend their whole lives