The Bridgeport evening farmer., 1914-12-18
BRIDGEPORT BANK .' DEVISES NEW PLAN
 TO BOOST SAVINGS
Distribution of Strong Boxes Among Factories for Patrons
 Will Stimulate Savings.
Samuel M. Hawley Originates Scheme that Attracts Widespread Interest
 Among Bankers.

1 BridReport bankers have been the l first to introduce an innovation in saw 1 ings banks business which undoubted- 1 Ey will become popular throughout the
 United States and tend towards the 1 accumulation of greater wealth at | least to those employed in factories or industrial plants in this country 1 Under the direction of Samuel M
 HawIey. secretary and treasurer of the Bridgeport Savings Bank a scheme has been involved whereby the employees of many shops in this city beginning Saturday may open ac- counts with the bank or make de- posits without the former necessity of waiting until another day or standing for any length of time to await their turn to deposit money.
 The scheme has met with hearty cooperation from the heads of in d1rstrfal and commercial houses here, and those savings bank deposltors consulted in the matter have shown great enthusiasm as it will mean q n7ateria1 saving of time and convent ence to both themselves and members 1 of their family.
 In banking circles the plan is look ed upon favorably as it is pointed out that many aliens who have heretofore
 been ti1nid in approaching banking of-
 hciaIs to open accounts will have less reticence in beginning their savings l with local Institutions. while more in centiye to make deposits at the time t1large amounts of money are in the possession of artisans than would De 1 the case if after part of the money had been dispensed through o1heF l channels.
 1 The scheme, which will begin at 1 once by the distribution of nearly 40 l strongly locked boxes to various fac 1 tories in this city, eontennplates the placing Of these receptacles in 9 con l spicuous place under efnc1ent guar q I directly in the offices of the paymas- l ters at the individual places Those I who desire to add to bank accounts i already established with the Bridge I port Savings bank may do SO in en- | lvelopes which will be furnished by I the paymaster. upon suitable deposit ! slips, an dwiEh the book may be de I Doeifed at once in the box. Those I who may not have accounts with the 4 bank will be given the proper identi- 4 fioatfon slips which may be filled out I in the presence of the local paymas- E ter and deposited with any amonnt I of money the patron may desire to
 use.
 These receptacIes will be in direct I charge of a responsi ble person in each
 place, and will be properly cared for 1 in the vaults of the factory or store l until enptIed by an officer of the Bridgeport Savings Bank. which alone 1 has the key to open the box
 Upon the accounts being properly 1 recorded at the bank the pass books I written up will be returned to the l owner by messenger or other suitable means. The only time when 1t will be j necessary for the owner of the bank 1 account to come to the bank in per
 son is when he or she wishes to with- 1 draw money from the bank.
 The scheme which is yet to be I fully launched has attracted much at ii tention in New York and other bank Fl ing centers The officers of xtIle Bridgeport Savings Bank are to be Fl congratulated upon the foresight
 which has provided an attractive H medium. between the banks and the l great mass of workingmen who wish
 to add to their savings yet in many
 instances are unable to spare the time
 to go to banks.