The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-18
LITTLE FOLKS SAVINGS.
stamp Societies I'm Several Cite,
That Encourage Economy.

Boston Trariscrlpt
Iherc are rsimcrous little mes, and maid,
ems scattered over different rarts OF tho
city, who go. once or twice every weolS.
10 put on deposit their small savings, and
who have bank books of which they mr.,
quite ais proud and over which they fee,
quito as puffcd UP as the traditional
"hloatcd bondhoidci." These arc tho chill
drcn connected with the Stamp Savings
society," which was stared here some six
or seven years ago. It's object IS TO teach
thrift to the rising generation. and It's
workings are simple but curious.
The small would-be dcposltor goes to a
station Win the money he has saved
and makes known his wish 10 Invest II
lie Is given thick brown MANILA card
marked OFT on the inside into "a number of
square spaces II Is creased TO ioid into
neat letter size. and on the outside
spaces are left for the name and address
of the owner and for the name OF the
particular statioa from which 1t Is sa-
cured. Then he gats IN exchange FOR las
money stamp looking much like an or
dinary postage stamp, this 10 stuck on
one OF the spaces on the aside OF the
card. Then The small investor !s told
that az soon as he gets 81 worth OF stamps
pasted on his card he can have a receipt
book given him, ana he IL sure IL viii be
quite az valuable ais the little blue covered
book that father brought home from tha
savings bank and that mother Keeps
30 carefully hidden away IN lle top bu-
rcSu drawer. Across the card are painted
mottors such as: "a penny saved la a pen
ny eNin"d, "A wise man saves for tho
money" "EvelyDody should have a bank
account" when YOU have a srare cent,
buy the stamps aid. for the last ore.
start q new card or get a deposit hook"
The stamp Savings soticly IN Boston
owes lbs founding to aoina Of the pro-
motors OF tho Associated Charities. Miss
s.,I,
grown IN six years from u central office
ana one or two branch stations 10 an or
eaniHation having l2h branches and an
invested capital OF nearly 5000 ana which
SOLD last year from SsVc0 to $1,000 worth Of
stamps, a society which encouraged the
saving. by the children OF wRge-enrning
IhHhlltS, OF n sum much OF which would
end candy or dime museum SHOVE. or
some other equally iransHory pleasures.
AT the h-'piuulng II was hoped that tho
system could be introduced into the pub
lie Fcnools end that stations miehl be
established in the various eohoolhouscs.
under charge Of no teachers. as had hcan
done IN Now York. lcrn'seInn was OBJ
tainei 10 make nm eNpormont and
station was npened ~ h. Eliot school ri
tho North 0d Miss Jackson herself ao,ng
enc day IN each week to make collections
Tho chllrcn took hold OF II With interest
and tho stlscn was Ia cvery way success
flh.
dust before Christmas end tho Fourth
of July many deposits are withdrawn. IN
the fail. too. money is drawn out for nit
tens and boots anJ clathirg ono little
fellow has bought all his clothes for the
last throc Yeans by saving his mouny IN
the stamp society There are as manv
station. and from $40 to $50 worth os
stamps are sold ever Mcpd.ly, NO other
station has rrown so much az this one.
aud II rs thought to he hcctueo thu chii-
NOR there ~ q great falling of. and about
ne soon as school closes the lit,lo men
and women cease TO make their regulnr
weekly appearances business Ianguishes.
This is probably because the stimulus Of
competition Is taken away. When the
children ara together every day and each
proves an Incentive, but when the other
fellows are not hy TO save one penny
moro ihan my my llttie man Tom" the In,
apple OF big stick OF candy are too
strong 10 be resisted Away goes the cent
that otherwise might have been invested
New York has Stamp Savings society
with more than 300 stations. THE has
Baltimore. There " an institution SONS"
thing like Il IN the West, which was
started In Detroit and IS known as the
Nickel Savings society. This has. how
stamp savings idea orlEinnted IN Englnnd
whore there has been q System IN charge
Holland. italy and BELGIUM have also
government system while France Inns y
savings plan connected with and n part
of her public school system. In NnEland.
~ one buys even n penny stamp nj any
OF the postoffces. a cord Will he furnished
upon which TO put y, II a shillinr's worth
Is bought tlic purchaser can have re- |
ceipt sent from tho central postofnce de- |
partment of the government in London.
When stamns 10 the amount of | pound |
have boon bought. the deposits heg'n ~ |
draw Interest. and this may continue until |
1900 have been put, when II may be re- |
Invested Nv transfer In some government |
stocks Tlc stamp cnrds or rccelris arc |
~ deemable Mt anv oflca In the United
Kingdom. Fx-Posimester General wanna
maker in two different reports recon-
mendnd the adoption by the United States
government OF a similar system.