Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-12-02
sl.OOO,OOO WAITING
FOR THE CHRISTMAS
SAVINGS DEP0SIT0RS
vast Sum Accumulated by
Foresighted Persons Who
Took Advantage of
Banks Offers
now THE MONEY GROWS

.,or boen known to refuse square mill
~ however, or even a cool million),
,ru, no paid to the wise Christmas savers
IN few days.
M course IL is too late. for many of
=. os far as this Christmas Is concerned.
M, there Is plenty of time now to get
into the Christmas savings fund class for
,us Eight banks in this city stand ready
,nd willing to take from you n little
,lear money weekly and at the end of
,he soth week. 10 days before December
ss 70 send you Christmas check for
,ho whole amount, plus 3 per cent. in
,orest That comes in handy for Christ
mas presents.
Ono million dollars will go out Uhat is
10 saw. come in) on or near December u.
psrbops YOU feel sorry you did not join,
tnowing It will be impossible to afford
,he essential S6375 for those furs your
wife wanted, with that bill for the win
,er's coal staring you in the face and
the doctors bill waiting around the cor
ner to waylay the little the coal man
leaves of Decembcr's pay check, let alone
the price of turkey and hNins for the
sstb and a leg of mutton or so mean
while.
Or perhaps you feel glad. and smile
cov smile of self-satisfaction at Mabel's
resigned "I suppose we can't afford the
furs; never mind. I'll make the old ones
do another winter" because you know
Won are one of the thousands of Phila-
delphians who will participate in the dis
trbution of Christmas fund checks.
CHRISTMAS SAVING FUNDS.
II, however, you are not in the glad
class, you can be next year. and that
without hardly knowing you have saved
the money for the Rittcnhouse Trust
Company, the Industrial Trust Company,
the North Penn National, the West Phil
adelphia National. the Tioga Trust COM
pany the Germantown Trust Company,
The Broad Street National. and the Bank
Of independence. stand ready and willing
10 help YOU accommodate the always
\ desired Christmas fund by taking your
modest weekly deposits and paying in
/. terest on them at the end of the 50th
4 week--that is to say, December 10 of next
year
The idea of Christmas Saving Club
system under the auspices of bank
was first put into operation In Phiadel-
I phia three years ago by the Rittenhouse
. Trust Company. 1923 Walnut street.
4 1t originated, as far as Philadelphia is
4 concerned. in the mind of S. w. Water
4 man, secretary and treasurer of the Rit-
"A
q OF 1911. and with instant success from it's
& Inception In December. 1912 Seven addi-
Il tIonal banks. as mentioned, have since
f followed In the footsteps of the Rittcn-
house Trust Company, to an end that
B brings Joy to perhaps 10000 persons at
+ the Yuletlde season. without the after
& math OF debt as a handicap to the New
& Years beginning.
s RITTENHoUsE CoMPANY's SYSTEM.
The RitIenhouse Trust Companys
method for 1916 will be to provide three
classes of Christmas savers. one to pay
: 10 cents a week and receive s25 at the
q end OF the jOth week, another to pay
8 u a week and receive $50 and n third to
z pay at reducing rate, $3.50 the first
week. S2.i5 the second, and so on down,
Il with weekly reduction of cents until
II with the last week, but a nickel Is nee
q essary to receive total of s63.75 When
81 payment is made for the full amount
deposited. plus 3 per cent. interest on
Z about the 10th or 18TH of December. 1t is
sent In the form of special check. en-
: bellished with red holly and green leaves
as Christmas card, and with the mono
gram OF the trust company imprinted in
+ gold. Attached to the check by means
OF perforated line Is n printed slip
Wishing the depostor n Merry Christmas
and Happy New Year. and pointing out
81 10 The person who has been wise enough
+ 70 save little weekly for a full year
'he qualification they must experience in
OBSERVING how rapidly small sums of
money deposited at intervals reach a sub
stahtal total, giving at the time of dis
,routon practical demonstration of the
Dsneht Of system of consistent savings.
Inc slogan of the Rittenhouse Trust
company is that ito save is to have"
= PRACTICAL MEANS OF SAVING.
Mr. Waterman states that he has had
practical and intensely interesting DEM
ohs,ratlon of several thousand persons
saving substantial sum, many of whom
never saved anything before I'm their
nsss' lie says that goodly proportion
VI lhese have opened regular savings &C.
sounts with part of their Christmas saw
lngs 10 later open a check account. Sew
e,a savings fund depostors have con-
sis'ently deposited their Christmas saw
ms IN a regular savings account for the
tuh three years the fund has been in
operaton One of these depositors who
mas added according to his ability to the
Sspeelhed yearly Christmas fund, says Mr.
mAerman. Is directly responsible for
ssno~ihg him how easy It was to start a
rainy day account that will amount to
11.sefy substantial sum In his old age.
s ueposltor never saved a dollar be-
lore in his life.
81 - -S'i'S instances some OF tne DanhS
rno receive Christmas savings accept
ssst classes than so cents per week. but
,.,nsu ma oeen found that those who are not
%Anls TO deprive themselves of at least
Snts weekly for the Christmas season,
a.s not seriously interested In the idea
& ~ ~ 'usNned by Mr.. Waterman in institute
s Ine Christmas Savings Fund, which
no,a.a maj bank Is but public service cor
brin. bion and should ever stand ready to
~. sons practically before people who do
h,,a use The facilities OF banking insti-
3 So.n' The wisdom and foresight OF so
aany men and women, whether their
8 10 ses IN. are large or small find 1t difficult
sse ahead financially. They postpone
s ihs she une when they will start saving upon
& monay nsory they never have enough spare
ry 10 open a bank account. The
s nssa aAs',Ias Saving Club or you can
s Summer Vacation Saving Club
9 co,ns ssa ehoose at the RittenhOuse Trust
& IN lvlpahy, Will show practically and cas-
. ~ - no" 70 start saving and after all the