The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1914-12-14
CHRIST MAS CLUB
PUTSS2O,O0O IN
CIRCULATION
Bennington County National Bank
Distributes Checks
HAS PROVED POPULAR PLAN
Many People Have Learned That It
Was Not Hard to Develop the
Habit Of Saving.

Nearly $4,000 was distributed Sat
urday to the 700 members Of the
Christmas club established by the
Bennington county national bank.
The distribution comprised The
amount OF savings of each member OF
the club with interest to each ac-
count which had completed the full
so payments.
This is the FIRST time that the
weekly savings plan operated for a
period OF so weeks, has been conduct
ed by any financial institution in the
county The results are most gait
flying to the officers Of the bank, and
Judging from expressions OF pleasure
on the part of the members, every
body concerned considers the occas-
ion one for self-congratulauon.
The officers of the bank have con
Quoted the club from a desire to pro
mote thrift and to encourage the saw
ing habit by residents OF Bennington
who would find ID convenient to ac-
cumulate a bank deposit through the
process OF small weekly payments.
The additional clerical work con
nected with the operation OF the club
has been considerable and the ex-
pense for supplies has not been
small item The force at the bank
has given generously Of It's time but
the expressions OF qualification by de
positors will so a long way toward
rewarding the officers for their extra
efforts.
According to their own statements
the club money is the FIRST savings of
quite considerable number Of those
who took advantage of the plah
The club was patronIzed by persons
of ell occupations, mill operators,
clerks. business men and profession
a men one of the prominent husi
ness men on Main street Who has
never ca -ried q saving deposit I'm the
local banks took out four cards on
which he received 5000 "That 200
plunks" he informed Cashier Sharpe,
lis velvet. II hadn't gone into the
clubs wouldn't have had one cent of
it today"
In one family in the village eight
of the two-cents cards we're taken
out The eight persons collectively
have a fund OF a little over 5000 20
use either as Christmas money or Cor
the purchase of necessarios at a sea-
son Of the year when expenses are
higher and incomes are often smaller
The members OF this family do not
consider themselves eXtravagant bat
.hey admit that the money they have
saved through the club would other
wise have been FILTERED away during
tire year ina the purchase of things
that they haven't missed. Each mem
Der Of the octette viii take out a card
in the 1915 club
Not an Of the members Of the club
stayed TO the finish. The big pay
ments came az time when money
was not SO plentiful and in some
cases payments were suspended. To
these dopositors. however the money
that they had saved during the FIRST
half Of the year may have been ac-
tuany worth more thas to those who
had been able TO carry their cards
through to the end. Those who
started at the big end. the largest
payment on the FIRST day. all finished
The bank has opened savings
department and has invited its Christ
mas club depositors to place a part
or all of the savings in permanent
account
On December 2S the bank win
start the club for the season OF 1915
and IL has received assurances from
practically an the member OF the
1914 club OF their intention to asain
take advantage OF the system.