The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-05
How Record Is Kept.

tend the benefits OF its Christmas gif,
Of $500 and the sums that Will bc added
nV Kindly disposed persons 10 all orphans
OF Salt Lake whether they he inmates
Of orphanaces or not. Those who are not
i'm the orphanaEcs Will be required 10
register at The Tribune bureau, In order
that a clear record may be kept of all
the children who become bcneficiarics OF
the fund.
Orphans outside the orpnanages must
be accompanied by citizens who WIZ
vouch for them. This requirement means
no reflection upon the honesty or irteg-
rty OF the children themselves, but be-
cause business methods demand com
plcte and systematic record.
Tribune's Donation.
on December 23 the $500 donated by
The Tribune and the amounts added hy
others will be apportioned among the
orphans by a committee, each clIIld 20
nave an equal share The committee
having in charge the work OF disburs"
residents The members of the commit
tee arc Margaret ZaDc Witcher. count?
clerk: the Rev. Father w Is. Ryan, rop-
! First Methodist Episcopal church; Mrs.
Harriet S Oglcsby. president of the Or
! lion and Joseph : Peery, who has been
asked 10 act as q representative OF the
! Mormon church,
On The daic OF disbursement the tota'
/ fund viii be deposited I'm the bank of the
! Salt Lake Security & Trust company
the ohccls for The Tribunc's $500 has
| already been dcposiied-and the bank VII
issue a pass book in the name Of each
! orphan whom the committee fuds eliets
I bic 10 participate in tile fund. rne pass
| books Will 60 To each child Christmas
I morning as o Christmas gift
Interest Compounded,
/ Tn. money deposited 10 The credit oi
each child viii be kept in the bank until
the beneficiary reaches the agr "f y
! years. when lac or she may withdra" II
II tina, be desirable, NJ IN while the
, GcposI; made on Dcccmbor 23 VIII dra "
per cent per aUnum in interest. Tn,
interest win bc compounded scmi-an
nuallr. SO that when the tiine comes
10 withdraw there viii be q large tota
10 tho credit OF the holder of the pas,
book Compound interest runs ND int
big totals before one is aware OF II
and a little application Of mathematics
by the keen minded youngsters vii
quickly convince them tnat they will hav,
some thing worth while when they rcnc!
the age OF rs years.
Great Chance for Charity.
Only those amounts which arc doposs
the bank. Every child has the privil"g'
of adding 10 his or her account At an'
time and in any amount. The savings
that arc added may he ith1rawn at am
time under toe usual banking rcgula
lions.
The aim Of The Tribune in inaugural
iuR tho tn1S'0ldS 1unD Tor nrDnanS 5H'
starting that fund with $500 IS To induc
charItably inclined residents of salt ak
10 perform d service for orphan childrc'
that Will be lasting in It's benefits. ]
has been well said that tho ord,Bsr!
Christmas gift Is not u! enduring benc III
True. the child IL pleased Will IL for m
dan or the week. but it aonn loses IT
interest and l. cast aside No CarIstmo
gift could be more enduring than banl
account. and when tic children for whon
this service Is now performed realize II
after years what has been done FOR then
! in their age Of holplc.snnss II may riKht
I ly be expected that their gratitude will b
i;nboundcd.
Moreover. the starting or a bank nc
connt however small the beginning. sci
y dom falls TO jpstll n spirit Of thrift an
r economy. often the cbid's first ban
account lays the foundau OF Sor