Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-01-15
PEAvEY's PARTNERSHIPS.
Executors of His Estate to Carry Out
His Plans to Aid Newsboys.
Minneapolis Journal

Executors of His Estate to Carry Out
His Plans to Aid Newsboys.
minneapolis Journal
| At the time of his death, the late
Frank III. Peavey had planned to re-
new the offer which he made in 1895 to
to messenger boys and others to help
| them in saving money. Before ne left
Minneapolis in that fatal trip to Chi.
eago from which he never returned
alive, he dictated to his secretary an
announcement renewing his previous
| offer to duplicate the boys savings;
and, altho he did not live to put his
| plan into execution, the executors OF the
| Peavey estate, knowing that he
| wished it, have decided to themselves
carry out the project.
| The new plan is an exact duplicate Of
the old one, and the offer is worded just
as was Mr. Peavey's original announce
ment made six years ago. Mr.. Peavey
| had planned to open what he termed
his "eo- partnership with the newsboys'
on Jan g. This date has been changed
necessarily to Jan Is. Otherwise the en-
| tire offer is couched in Mr.. Peaveys
ianuase, and follows out his wishes as
he himself expressed them. In his die
tation to his secretary, Mr. Peavey
said:
My previous co-partnership with the
| Minneapolis newsboys has been very
| satisfactory to me and many of the
boys have learned to save their money
and have been given opportunities to
make valuable acquaintance which, in
numerous instances have been improv-
ed: and now those boys who took adj
/ ~ &s.~,H Wa
sitions with mercantile and banking
houses. Therefore, in view of these
good results, and in the hope of dupli-
eating them, / again cheerfully renew
my former offer"
The new offer Is made in the name of
Frank H. Peavey & Co. and is worded
as follows:
Commencing Wednesday morning,
Jan. 10, 1902, to the first seventy five
pewsboys. actual residents of and act
lively engaged in the business of selling
newspapers in Minneapolis, not over 16
years of age, who will each deposit with
Joseph Chapman, Jr, at the North
western National bank, Guartnty Loan
building, the sum of one dollar, receiy-
ing therefore pasSbcok With the
amount so deposited duly entered
therein and will bring the passbook to
our office, 200 Flour Exchange. we Will
give an order on Mr.. Chapman to enter
another dollar for the account CT the
owner of such pass book. The object
in having the books brought to our
office is that we may have an oppor-
tunity of meeting each of the boys who
accepts this offer personally. This offer
is not good unless the dollar Is 5epos-
tied on or before Feb. 10. 1902.
Further, if the bys who deposit the
first dollar will deposit another dollar
on or before May /, 1902 we will double
it as before.
Further, we will add another dollar
as above to the account OF each of the
boys who deposits a like amount on or
before Sept l, 1902: and still another
dollar for each of the boys who deposits
a like sum on or before Dec. 81, 1902
This would make total of IS that
each boy would have to his credit on
Jan /. 1903, one-half of which will have
been contributed by us: this means, af-
ter the first dollar is deposited. that
each boy who saves and deposits one
cent day will have it doubled by us.
We do not care to help any boy who is
not willing to help himself.
I'VE will agree that the deposits shall
draw interest at the rate of per cent
per annum, but this agreement is con-
ditional, on our part with an agreement
on the part of each of the boys who ac-
cepts it that the money shall remain on
deposit, drawing interest, until Jan. 1,
1904, with the understanding. however.
that any boy may withdraw the money
Il; n ta6 al n
he wishes before Jan. l, 1904, with in
terest on same. but by so doing so he
forfeits any money we may have de-
etheboizt oand-fos-tn -fhkord theo S
posted for his credit; and the amount
30 forfeited, with interest, Will be d.
yided equally among the boys who are
still depositors to the extent of sS in
GLIDING 81 contributed by US, on Jan 1,
1904
mo boy can become a party to this
agreement unless he makes deposit
of 81 on or before Feb. 10, 1902, and he
must be among the first seventy-five
boys who make application and are ac-
cepted. and failure to make deposits of
at least one dollar on or before May 1,
Sept. 1, and Dec. 81. 1902, will forfeit all
rights under this agreement.
Further all interest money and all
moneys contributed by us under this
proposition will be forfeited If any boy
deposits money not earned by himself
individually.
I'VE trust that the wide-awake news
boys of this city will make 1t point to
see that we are compelled to put up
the full amount under this proposition
A reference to the records shows that
OF the sixty boys whose accounts were
on deposit in the Northwestern Ma
tional bank on Dec. / last, eight differ
ent boys had more than 500 each to
their credit The largest amount on de-
post was s516.45 and the boy in whose
name 1t stood is employed in the Pea
vey office. The next largest amount is
S30225, credited to the account of a boy
now employed on the Minneapolis Jour
nal OF the other boys Whose accounts