The daily morning journal and courier., 1905-09-27
NEW BANKING PLAN
HAS BEEN ARRANGED BY THE
 HOWE & STETSON co.

"A Double Attraction to All small Oe- positOrs-Mr. Howe Has Selected Another Refund Day and What Day That is Will Remain a Secret Until October sOth, When Announcement Will be Made.
 The enterprising firm of Howe & stet- son has again shown it's intention or Keeping in close touch with the people, study their needs and requirements and make the Howe & stetson stores one of the greatest shopping Meccas in New England.
 In a half page advertisement in an other part of the paper the plan of a new credit system is outlined.
 It is briefly this:
 The Howe & Stetson Co. has arrang- ed with Elbridge L. Howe, private banker, who conducts a banking de- partnent in the balcony of the east store, to corporate with the stores on a system of credit extension.
 The plan is this: Anybody who de- posits with EIoridge L. Howe, private banker, sum of money, at one time or at intervals, regularly or irregularly' say $5, $10, S25, or more, receives for this a book of coupons representing III the aggregate the amount of money thus depositd; that is, if person de- posted $10 in cash, he or she would receive a coupon book aggregating $lO but made up of 10. 25 and 50 cent cou- pons. These coupons will be received in any part of the Howe & Stetson stores (but nowhere else) in payment of purchases. .-.. .....s..
 The coupons thus turned in in return for merchandise will be held chargeable against the account of the depositor, but are not deducted from the account at that time. MT. Howe has not de- cided definitely on the length of time to extend this credit, but it will be in the neighborhood of thirty days.
 The money deposited is drawing ln- terest at the rate of four per cent per annum, computed quarterly, and the depositor has the privilege of taking this coupon up at any time within this period of, say, thirty days, without withdrawing or interfering with the money on deposit. ....-5s...st-.. In other words, they get practically thirty days credit, and have their money drawing interest all the time.
 Yet they are not obliged to buy mer- chandise with these coupons If they need the money and wish to withdraw 1t from deposit, they may do so at any time by presenting these coupons. In other words. the Howe < stetson company agree to receive. these coupons issued by Elbridge l.. Howe, private banker, in cash or merchandise, to their lace value. It makes very convenient method of shopping for those with rea- sonable credit. t.4. ..... ...... The Howe & Stetson Go. has been led 10 adopt this iby the many requests or people who have money in savings hanks. who are perfectly good, but who do nnt wish to withdraw their money m account of losing the interest, and vet who have to wait for their salaries and 20 without goods desired for a cer- tain length of time. a:*...
 The plan is entirely new, and has, we believe, never been adopted Tn any store in the country, the nearest ap- proach to it being the depositors' &C., count department of R. H. Macy & Co.,, in New York, but is an improvement over their plan, as they simply allow the customer to charge goods to the amount of money on deposit. This method of the Howe & Stetson Go. im- proves that method, in that it gives the customer a coupon, and also en- titles the customer to the benefit of the refund day plan
 MT. Howe announces that another refund day has been selected by him from envelopes, each containing one date of the following days: September 27, 2S, 29, 30, October 2, 3, 4, 5, 6. [, g, 10, il, 12, 13, IA, 16, r, IS, 19, 20, 21, 23, 24, 25, 26, 27, 2S. The date was selected in the presence of a dozen witnesses, the greatest care being taken to avoid any possible chance of any one's know ing the day selected. It was placed in a carefully sealed envelope and depos- tied with the New Haven Trust com- pany yesterday, as per the following re- ceipt:
 The New Haven Trust Company
 New Haven, Conn.,, Sept. 26, 1905. No. 806 .".
 Received from MT. Elbridge L. Howe, one package contents unknown to the company, described and valued by the depositor as follows:
 One sealed envelope containing date of refund day.
 The New Haven Trust Company.
 By Dean B. Lyman, Asst. Treas
 Nobody knows the day and nobody will know untib October 30, the comple- ton of the refund period, when the en- velope will be opened at the New Ha- ven Trust Co.,. and the date announce ed Then all duplicate cash checks of that day are refundable in cash to the amount of their face value.
 This refund day plan has attracted widespread attention and several thou sand people have already benefited by 1t.
 To-day Howe & stetson begin dis bursting cash for refund day period just completed. The date selected was Thursday, September 21, and all dupli- cate cash checks of that date are good for face value in cash.
 
 MRS. EVELYN D. KNAPP saws she suffered with uterine inhapo