Evening journal., 1899-01-21
7Hs PEHEY PROYIDgHF FUND

iIttE tll1l1C SNfiJt- Of AtAiS
CITY
4 savings fund which takes deposits
from I cent un.
This savings system was first start
ed in the United States about ten
years ago. The Charity Organization
Society Of New York city felt the need
Of such a system and its successful
operation in several Of the foreign
countries led to its adoption by them
Three years later, in the first Of 1892,
the Associated Charities of this city
undertook the work as a branch Of the
New York PrOvident Fund. The very
successful results of it's operation in
New York city made this decision by
the Wilmington organization a timely
enc
The ultimate object Of all intelligent
charity work is to help the needy TO
help themselves and with this in mind
it is readily seen why the Board Of
Managers cc tho hrGociated Charities
has iCetered and encouraged such a
cavings Systems which guards against
she direc waste OF small sums In time
cf plenty and provides for the excess
siye expenditures which Winter cloth
ing coal, sickness. Old age. etc. re-
quire.
Another. object OF The Penny Provi-
dent Fund, one which many consider
the more important, is the habi, Of
saving that is instilled in the young
folk who avail themselves Of the op-
porunitos offered. This point is OF
more moment than might generally be
supposed When a man once starts to
save n the majority Of cases he con-
tinucs TO 90 so as long as he is earn
ing a reasonable amount The same
applies TO children receiving an allow
ance and TO young men and women
just starting to earn a livelihood with
the additional advantage in the latter
csseo that II is much easier TO get
them started If the right syetem ie
presented.
The Penny Provident Fund endeav-
ors TO fulfill the many requirements:
First BY establishing stations for
receiving deposits in several sections
Of the city.
Second. BY receiving deposits from
1 cent up
Third. BY receipsing for same in
the simple manner of attaching a
Estamp for the amount Of the deposit
to the stamp card OF the depositor
Fourth BY redeeming any Stang
card when fun and amounting to over
81 on giving one weeks notice at the
s1atlon where the dePositor is reoog-
nized.
Fifth. BY depositing all amounts re.
ceiyed in a TRUST company for safe
keeping
The expenses of conducting such a
system are in exccca Of the interes
! received from a trust company fol
such deposits and therefore - interes
! is allowed on the indiv. deposit.
i'm the Penny Providen, FuAl
u rs hoped that these depCsitors viii
eventually open accounts in the sav
inee banks OF this city and receive tn,
] interest given by such inasitutions.
The succees Of the Penny Providen
4 Fund Of Wilmington, in its opening
year OF 1892 was marked, but the ban,
OF the panic years soon rested on i
and has caused It's dormant etate NJ
to the present time. Now that tn
hand times are over. the fund is beini
\ placed in bCoer working condition
and new stations arc opened, a list O
), wh.ch fo'cws
DRUG STORES.
Ei.-rt & StcvCrs, 1900 French street
Beaton sm.th Seventh and Pin
streets.
Z. Il. Allaband Heald and 4 s,reee
Henry r. Spruance, Fifth and POP
lar streets
. Standard Pharmacy 6O5 We, Sec
| Ond street.
( John w II. Boone. Lancaster ave
: nue and Franklin street.
$. Chandler Mcl<eever, 900 Nnde
ctreet
II c. Moore, 1901 Delaware avenu,
Philip II. Wood, 14O1 King street.
Head Office-Associated Charitie.
D COZ West street
Circulars can be had on applying {
D any of the above
The Board Of Education has lundl
I given permission 10 try this work (
some Of the schools OF the city, and
is hoped that this viii turn out as SUE
ceeeful as in other public schools i
different sections Of the country.