The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1913-08-07
ENCOURAGE HABIT OF SAVING
Beautifully Engraved Certificates Have
Appearance Of Money and Are Pay
able at Amy Place Where Currency
Can be Passed Holders Get Interest.

The large manufacturers of Kenosha
have inaugurated a thrift campaign
that bids fair to become national in
its scope and become of very great
value in teaching and increasing habits
of thrift.
The campaign is based upon deliver
ing automatic savings certificates to
their employees regularly in part pay
ment Of wages and salaries. The GER
tifcates are beautifully engraved and
are in convenient amounts the same as
currency, a trife smaller in size, and
bear an automatic interest table by
means Of which anyone can see at q
glance and without computing either
time or interest the exact value of the
certificates on any desired date. They
are so simple any school girl can I'M
derstand them, and being transferable
are passed readily from employees to
tradesmen and merchants at their full
value with interest added. They bear
interest at the rate of three per cent
computed and added quarterly, and run
for five quarters. Anyone can pur-
chase them at the bank in any amount
desired. The denominations run up to
$500, but those generally purchased
from the bank by the manufacturers
are for So, $40 and 500 Each of the
leading manufacturers purchase large
number of the certificates and deliver
one of suitable denomination to each
employee on payday. Employees thus
have part of their money in the bank
when they receive their pay and with
out the trouble or time required in go
ing to the bank The certificates are
readily transferred and good anywhere
at stores, hotels, etc.. SO that employees
who are unable or don It care to re-
tain them for the interest can use them
in making purchases or cash them al
most any time anywhere. Inasmuch as
they are used only locally and are can
celled by the bank the first time they
appear and are numbered and registered
by the bank before issue they are much
safer to carry than money for if lost
they are more easily traced. Besides
each certificate has a space where a
person who desires to carry it for some
time may write his or her name so as
70 make the certificate personal to
themselves, transferable thereafter by
endorsement only.
While the certificates themselves be
means of their automatic interest ia
BILE are a constant incentive to thrift,
an educational thrift campaign will be
conducted by means of printed matter
circulated in the form of booklets and
news articles pointing out the most
available and effective methods of saw
ing a part of the income of individuals
and families.
the labor and work of the manufactu-
rers on payday, and will not result in
any immediate return to them, but it is
hoped that the added convenience and
stimulus to employees and others to
form habits of saving regularly every
payday a portion of their income will
materially aid to solve the high cost
of living and by reducing extravagant
and thoughtless expenditures and in
creasing economy and saving, reducing
accidents, and misfortunes and the bur-
dens to employers that result from ac-
cidents.
Economists who have given the sys-
tenn and plan careful thought assert
that its general use will also bring out
of hiding large quantities of currency
and gold boarded by foreigners, with
which to carry on commercial and in
dustrial activities, thereby having a
tendency to improve currency condi-
tions.
1t is certain that the money saved
will be largely available first through
the banks for commercial and industrial
activity, and later be invested by the
persons who have saved up a fair sum
in new productive enterprises rather
than in extravaganceS.