The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1918-12-05
THE BANK OF
MAYSVILLE an
NOUNCES A
new POLICY

operated a Christmas Club which ap-
parently met the needs of a great
many people desiring to save money
for some special purpose. This money
has always been returned to the de-
positor shortly before Christmas and
interest has been added to the ac-
count, If all deposits were made
promptly during the year on the dates
specified on the cards. This rule be-
came necessary owing to the difficulty
of calculating interest on small de-
posits. Any member of a Christmas
Club falling behind in his payments
which we're du eeach week, received a
check at the maturity of the club for
the total amount which he had paid
in-but no interest. This has always
seemed unfair to us. For instance, If
a member of the club, because Of sick
ness or for financial reasons had been,
of necessity, compelled to drop behind
in his weekly payments but had later
on in the club year made up the de-
linquent payments, he received at the
end of the year check covering only
the actual amount paid in.
Another objection to a Christmas
Club, to our mind, is that no one is
permitted to withdraw any money
which they have deposited until the
end of the club year. There are peo-
pie, for instance, who would prefer to
have their money in the summer time
for vacation, rather than at Christ
mas time. Often there may be sick
ness in the family and in some cases
it is a hardship not to be able to get
your money when needed. During
Liberty Bond campaigns members of
Christmas Clubs have had to borrow
to pay for their bonds until they got
their Christmas checks.
We have overcome all these Difficult
ties this year with our "All the Year
Savings Books" You can deposit one
dollar or more ut any time. You do
not have to make deposits OH days fix
ed for you but at any time that suits
your convenience. You may deposit
once a week, once a month or once a
year, or you may only make one de-
post and never any more and you can
withdraw your money Mt any time
whenever you want it. We will pay in
terest at per cent. per annum, pay
! able semi-annually, on the first days
of July and January on all savings de-
posts then in bank which have re-
manned on deposit for one month or
more. We will compound this inter-
est if it is left on deposit. We will
give you a cloth bound book instead
of card. These books will show all
deposits and Withdrawals and your
balance in bank, every time a deposit
is made These books are about 3h
inches wide and 51s inches long and
are much more convenient to carry
than a large Christmas card in an en-
velope.
We are confident that you will find
this the most convenient, satisfactory
and simple way to deposit your saw
| ings We started the first Christmas
Club in Maysville in December, 1912,
1t was opened by the Union Trust G.
Savings Co., which is now a part of
this bank. We have learned by ex-
perience and want you to profit by it.
You may open your account today,
tomorrow, after Christmas or any time
that suits yOu. There will be no linz
It to our club this year. You may save
one dollar, five dollars, one hundred
dollars or even one thousand dollars
You set your own mark-we do the
rest
Our advice to all is to begin to save
NOW while wages are high. The gov
eminent has released men from work
at the great plants at Ancor, Ohio, and
Nitro, w. Va, who have been making
more money than they ever earned
before In their lives. Let us hope
that they are prepared for adversely.
Capitalize a portion of your present
earnings and thus prepare for the
time when in the natural course of
events your earning capacity shall
temporarily or entirely cease. The
more a man works, the more essen
tial 1t is for him to save, If he is to
get the real good for his labor. You
are no exception. You ought to save
even on general principles, and you
can't tell how soon you will be very
glad you have.
On Thursday, December 9Th, we will
begin distributing checks to all mem
bers of our 1918 Christmas Club and
extend them and all others desiring to
Join the great army OF savers, a cor
dial invitation to avail themselves Of
our services.
BANK OF NASHVILLE