The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1914-05-02
ENCOURAGES
XMAS FUND
FOR BANK
URGES CUSTOMERS TO
START SAVINGS ACCOUNT
ON SYSTEMATIC BASIS
INTEREST IS BEING OFFERED
Bul Deposits Must Be Made
Weekly 10 Gain That
Advantage
INTEREST IS BEING OFFERED


the object oi q neW and novel saNinE'
laecount scheme, now being planned hS
the oklahoma State Bank, to start
during the week Of May rs, 1914, an,
ending the week of November 30
IFS object Is to permit the sayins
OF money from now untl lust before
Christmas to be used Tor no other
purpose than the purchasing of christ
mas presents Under the plan onc
can put in so much each week, for
| twenty nine weeks, the bank allow
ing I per cent interest on the de
posit The principal and interest
&ill be mailed TO the deposition De-
cembor 10. lai No money can be
Withdrawn under any condition before
| that period
Payments must Ire made every week
to draw interest. those who start and
| fail to keep up their payments, will get
their money back the same time as
the others. without interest, where
payments are missed uuayoidably but
later made up within few weeks, In
|cuding all missed payments interest
Will be paid
Accounts will be opened in three
classes The FIRST class viii open with
/ deposit Of one cent the first week.
two cents the second week. three cents
the third and 50 until the twenty-third
week. when the deposit will he twenty
tHree cents
The second class will open with
tWo cents and will increase two cents
each week; the third class viii opcn
with :. cents week aud viii increase
each week until on the last week, the
deposit will be $lA5. If larger amounts
are wanted. they viii have to he made
ID, opening additional accounts sur
lent to make the desired amount
TIE records will be kept solely by
duplicate cards. one held BY depositori
the other by bank Both cards will be
punched each time a deposit Us made
4. so desired the deposits can also be
made in reversed order, that is IN
lass one they can stari-wlth iwent'
nine cents and end with one cent
me interest this way viii amount to
double that on the other way
In twenty nine weeks il deposits
lfe regularly made aNc ~ill have 10
t4eir credit IA principal in class one
Si25. class two $50 and in third |
class SCI and per cent interest |
Where the deposits start with tic
largest payment first the interest
ail be double the other way.
The main idea in starting these ac-
counts is TO cause the saving tunda |
necessary Tor Christmas over long
period OF time, so that the saving wa
no, be felt and set give the saver the
ready money for Christmas. An Off
cial OF the bank. estimates that under
This plan that they win send out To
depositor7 ont OF this iond probanl'
in the neighborhood of Sl5.noo just
about $50 weeks before Christmas,
thus helping bo'a the merchants aud
tae buyers and helping 10 cut down
the number Of Charge purchases made
rpr Christmas
All who enter Will haze 70 do so
during the week of Ma, is Each de-
post due ou Monday may be paid |
anytime during that week The bank |
hopes to get at least 9.ooo who viii try
this scheme this year.
While this is the first time it has
over been tried in this state. it has
been worked in other states with won
derfui success