Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1916-02-10
ACQUIRING THE SAVING HABIT.

The American Bankers Association, commencing January
1916 nauguraed campaign to make 1916 Thrift Year
cone million in 1867 it it's slogan.
The campaign will be carried in every section of the
United States and although it really originated in the East
which at present is enjoying exceptional and unparalleled
prosperity yet the movemet extends to section of the
United States
Wormen in the manufacturing sections, well in min
ing and shipping centers, all enjoying employment with
good pay In the past wormen who had job sent freely
easy go was the expression Nothing was laid
aside for the rainy day
Those who live in the greatest agricultural region of the
world here Idaho county, have example in the
harvest hand who made and squandered
most instances before he moved He of the
great army Of unemployed in times when work is
The saving habit not extensively cultivated in the United
States the statistics reveal The savings capita
in Switzerland $403 In the United States it $4S The
foreigner sets good example.
The average individual will exclam: ''What is $47O
mere pittance But multiply $4703 by 1OO0O0OOO,
approximate estimate of the population Of the United States
and the total is four billion hundred three million
dollars Now substitute $484 and multiply and the result is
only $484 100000.
Put $74o3oOoOOO in the banks of the United States and
that will start dormant industry, cultivate every idle
employ obess workman, and start all the way
to prosperity.
Start Savings Account
The year 1916 is heraded by bankers and capitalists
presenting opportunities for future financial
bty and prosperity BEFORE providing advantages
within reach embraced and preserved
One way is to part of the profits Why not try it
out Start bank account If it only trfe If prefer
try the postal savings bank This is popular with those
foreign birth 1t will eventually reach bank anyway and
the money will be put to work
You will find however that the local bankers will be glad
to encourage saving habit and will ceerfuly accept small
amounts to open savings accounts Deposit with the idea of
leaving 1T. Let it grow Deposit additional now and
then Let the interest compound and double the amount
Money at cent doubles itself in years by com
pound interest In this regard article recently published in
the American Magazine is of great interest written by writer
by the of Merle Crowe The following credited to the
American Magazne
The Wonders of Compound Interest
lin 1886 in little town in New Hampshire was born little
boy who named for his grandfather The grandfather
beng man OF moderate yet wishing acknowledge
this honor deposited So saving bank the babys name
This amount disturbed and the interest soon com
pounded The original little old blue bank was sent in
and the interest added every few years.
when this account about seventy years old it was
gwen over to grandson of the he has had
1t for several years The bank book on in the
spring OF 1919 to be made up and the the bank then
amounted to $S The present great pride
IN the age and growth of the account it will doubtless
always be incentive to him put aside even small deposs
Your means may be meager, your salary small Take en-
enlargement from the fact that great fortunes generally ore
nate from small beginning savings account develops
confidence and self respect great many savings accounts
Will make great aggregate Start Thrift Year, for
yourself and You will be of the army of million savers in
1916. "