Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-26
BANK In GREAT
DEPARTMENT STORE.
Ksith-OBriien e. Co. Inausurates
New Busins. Feature--
That Of Private Banking.
FOR THE FIRMS PATRONS.
Banking Facilities Offered. and Saw
ins Enc ourased by Special
Method.

Vigorous preparations are under
way for the opening OF the Keith
OBren g. Company Bank the nrst
department store bank to be estab-
ltshed In salt Lake following the great
success of similar institutions in East
ern cities. Percy +. Garnett- late of
the International Bank of New York.
who will have t'targe OF the new Salt
Lake enterprise, has arrived In Salt
Lake and viii take charge OF the
banking offices as soon as everything
Is IN readiness.
"A deep local interest attaches to the
undertaking and much favorable com
ment has already been voiced.
The banking offices will be estab-
lished on rear balcony OF the DEPART
ment store, and will be elaboratciy
fitted up. II Is planned that the bank
shall receive call deposits, and also
time deposits drawing interest, and
depositors will be solicited not only in
Salt Lake, bat throughout adjacent
territory. The interest-bearing de-
post method will enbody many feat
ures beneficial to depositors. The
bank will be OF great conveyance TO
ladies shopping in the Keith O'Brlen
establishment, and. in addition. will
offer new and practical method OF
saving money, which Is expected to
commend itself to the houses patrons
Advantages of Department Store
Banks.
Keith O'Bren & Co. make a clear
and convincing statement OF the nleT-
its Of the new enterprise. 1t is eS-
planned that in the conduct OF such
large business the compar" Ia neces-
sarily placed In close relation with
great number of persons, whose re-
qurements and wishes they are de-
sirons OF serving They are constant
ly called upon to extend courtesSes
which properly belong to banking In
situations, and. having this In mind,
and with a fairly comprehensive view
of the possibilities of the business and
trade conditions OF Salt Lake, they
have decided to engage IN banking.
The banking hours Will be from TO
) 30 to suit the convenience OF pa
irons An especially active campaign
win be made 10 set forth the manifest
advantages and selt-evident necessity
OF saving money,
Mr.. Garrett, himself. who is thor
oughIy equipped as banking author
lty, with the technical knowledge ne
cessary To the conduct OF such "A busI-
ness, interestingly explains the pro-
posed method of assisting patrons TO
save money, What is known as the
pocket bank plan Is TO be instituted
& Co. bank. In connection with the
receiving and handling OF funds and
accounts. as lis common with banking
concerns. Mr., Garnett points out. the
Keith o'IsrIen Sc Co. bank win intro
ducc and install the pncket-hank plan
OF saving money It is a system that
has become a recognized feature In
banking circles. and Is IN successful
use by the various national, State and
savings banks, as we'll AS by trust
companies and department stores In
this country and Europe To every
Adolf who Will agree TO use II, u pocket
bank. consisting OF strong steel box
about the size OF A leather pocketbook,
will be given This IS constructed 20
receive coins. which when once placed
I'm the receptacle cannot bs removed.
Reith-O' BTien g. Co. bank holding the
key. II Is constant reminder to
save, and n person carrying such
bank WILL easily acquire the habit of
putting into the pocket change that
would otherwise be spent When these
savings amount 10 dollar or go, the
hank il taken 10 tho office OF Keith
O'Brlen & Co bank. and the amount
placed TO the credit OF the owner, n
sums 80 deposited are left FOR three
months, interest at the rate OF 4 per
cent per hNnum payable quarterly
VIII he credited.