The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1906-11-28
BEING EDUCATED
TO WAYS OF THRIFT
YAKIMA PEOPLE ARE IN LINE
Banks are Doing People a Great
Service i'm Going Out A.
ter Savings Business.

North Yakima is just beginning
to get its education in the matter OF
saving money! said Egbert VI
Badgerow of the Yakima Trust Co
bank. THE banks are going out af.
ter the people in the past few years
as they never did before to show
them how easy it is to save money
and how valuable thing it is to
have good balance in the bank.
The Introduction of the little clock
banks has started many Of our people
TO saving money that was wasted be-
fore. They are imbuing many a
girl and boy, as well as the wage
earners and people generally that
it is good idea to put aside some
thing for a rainy day, and so far as
| | have observed in other cities the
accounts that are started in this way
grow and are never withdrawn ex-
cept in cases of absolute necessity
There is no question about the
| saving craze, as eastern bankers
term it. The craze is becoming gen.
eral from those to whom it appeals
as necessity to the rich, who seem
to be making it a fad The pulpits
are preaching the ACCESSIBILITY of
savings bank accounts Fathers are
imp essing it upon their sons as
tley never before have impressed it.
Anyone can save who tries, and there
are great many more trying nova
days than ever before. A change
also has taken place in the mann ar
of deposits. Formerly the depositors
would pay no particular attention to
the amount deposited, but now most
of them will lay by a certain amount
each week. The amounts range
from 81 up to So or $40. The de-
positors are much more numerous
than they used to be and a large per
cent of them are working men. l
am speaking generally of the country
from personal observation when
say there is great increase in the
number of depositOrs, especially
among the laboring men. The small
deposits are increasing and even
children of all ages are putting by
little sums In my opinion the little
savings banks, especially the newer
and more attractive ones, combining
clock that are being given out by
a great deal to do with the saving.
BY their use the nicke.s and dimes
are cared for, while the bigger sums
take care of themselves. There is
Just one thing | should like to say
regarding the progressive trust COM
pany banks. They are educating the
people in investments. indicating
safe ones and warning against the
worthless. The fact so often over
looked chat the investment which
seems to promise large returns is al
most invariably attended with pro-
portionate risks cannot be too often
or too forcibly impressed upon the
mind of the small investor. gov
eminent bond pays little interest, be-
cause there is no danger OF losing
the money invested in it. There Is
no risk incurred by making deposit
in Washington state trust company
banks incorporated under the trust
company act of 1903. From this
point upward the risks of investment
grow fast, and soon become so great
that no experienced business man
will take them except as sort or
gamble, and the risk that the man of
large means WIFI HOL tdhC ChSSPb e'''
gamble the man of smaller means
cannot afford to take at all. l am
pleased with your beautiful city an J
have only regret that my stay amol. !
YOU, for this time at least, is growing
short. 1t is not an exaggeration 10
say that in a few years | expect TO
hear that you have population OF
10000. | see many opportunities to
make big money in realty II l were
to have the good fortune to remain
among you. Your principal business
street, Yakima avenue, should be
4 paved at once. If there is among
your property holders any to object
to this great need ! would urge, If it
were possible, suspension OF the
j law against manslaughter long
enough to remove them from your
midst. l am familiar with the great
eastern cities of the continent, but
the acrobatic stunts | have performed
the past two weeks to evade being
/ run down and mud-washed on your
crossings beats anything ever before
experienced Get busy and improv'
North Yakima N 10 end even ahead
of the country al ort il if you can