South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-15
SAVINGS TOTAL
NEAR $4,000
Banks Report Substantial
Gain in Christmas Funds
This Season.

South Bend. citizens viii have app
pro0imateIy sIs5.O0O more this yea-
o. spend IN buying Christmas pres
-nts than they would have had 90
spend that way had the Christmas
savings clubs conducted 1y some OF
the banking institutions of the cits
not been ia existence 10 provide An
easy and sure way 90 accumulate
such a fund
Six South Bend b,lks today be-
gan sending out the Christmas saw
tngs club checks 10 the thousands
Of CepOstors who began a year ago
% lay aside "a little each week to-
ward creating a substantial sum for
use when the time for making
Christmas purchases began. None
of the amounts are very large. but
they are tidy sums and viii come in
very handy In aiding in doing the
Christmas shopping OF local fam
lilies.
S55.tOO Norc Than i'm 1916.
In round figures the total amount
saved by small depOsitors in the
funds in the six banks is S16410O.
The savings clubs seem 90 be meet
ing a popular demand, for the total
amount saved in this way durins
the past year is f55.10G more than
90 was the year before. thus showing
shat the easy plan of the banks TO
enable pre-Christmas saving is find
Iug favor.
Already the savings club fund ac-
counts for next ear have been
started. and IL IS predicted that the
amount 10 be sent TO the fund de-
positors in 1915 will be much larger
thar 10 Is this year The &55. 100
increase made during the past year
over that OF the year before is con
sidered remarkable by the banks in
view of the fact that there have
beer innumerable demands made
upon the pocketbooks OF the de
positors during the past year by
Liberty bond sales, Red Cross cam
raign contributions. Y. NJ. G. 4. and
Y. W. G. A. fund campaigns and
others Of a like character, 10 say
nothing Of the additional cost of liv-
in-. oCcasioned by increased prices
due 10 war conditions
All Banks Show Increase.
Each Of the six banks conduct
ing these funds made a substantial
increase in the number OF depositor5
and the total amounts with the eX-
ccption of the South Bend National
hank which experienced it's first year
during 1917 in the conduct of the
Christmas savings club fund. At
this bank checks will be sent out
today aSEreGating $4,000.
TLe American Trust company this
yea. will send out checks totaling
Eu amount SS1 500, which is $4,000
more than the total amount sent
out 10y this institution i'm Christmas
servings club checks last year.
With an increase of $4,000 over
s.rc tcra' amount of last year. the
citizens Loan and Trust company
WI send out Christmas savings
checks today totalnE i'm amount
-.S. coo. Last year the total amount
oC THESE checks at this bank was
S1f. zoe
IS s1o.0OO increase was made at
tne Union Trust i'm its Christmas
savings fund. This year the
total amount I'm Christmas checks
from this bank will he $4,000. Last
year e was $4,000.
q substantial increase was also
made at the Merchants National
bank ir its Christmas fund The
-otaI amount OF the checks from this
bank viii be $4,000.
An increase Of $4,000 was mad,
bv the chaplin state bank over last
sear Today this institution will be-
=ir ending out the Christmas fund
checks IN the aggregate amount oi
500. 900. Last year the total amount
~ these checks at this bank totaled
$4,000