The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1919-12-04
Large Amount of Money
Let Loose BY KenOsha's
Three Banks This Week
To Small DepOsitors.
IS AN UNDOUNDED SUCCESS
Some of Christmas Club Members Will
Be Enabled To Possess Articles
y Long Coveted But Unable
TO Get.

Thousands of Kenoshans will be made
happy this week by the receipt of
checks for their Christmas club de-
posits which will be sent out by the
banks. The First National Bank, which
usually sends out its checks on the
10th of December will send them out
four days ahead this week and post
them on next Saturday.
The Merchants & Sayings bank will
post their checks Thursday and the
Citizens will send theirs later in the
week, probably Saturday.
The First National bank has 1900
club members and these persons will re-
ceive exactly $126,256.27. The other
two banks will pay out in proportion.
In speaking Of the Christmas club
saving @. G. Brown, president Of the
First National bank this morning
said: "When the war broke out we
thought that our Christmas club saw
ings would be almost wiped out, but
contrary to our expectations they have
increased. 1t is wonderful how much
good these savings are doing. They not
only give the people of Kenosha and
Kenosha county concrete lesson in
the practice of thrift but they enable
them to purchase something they would
not otherwise have the money for.
What They Will Buy.
asker several persons what they
we're going to do with their money when
they received it. One girl said / am
going to buy a talking machine.
have wanted this kind of musical in
strument for years and ! would have
been unable to purchase it if it had
not been for the Christmas Savings
club Another said 1T will come i'll
so handy just at this season Of the
year when I have to pay my taxes. I
have paid this money into the bank in
small amounts that / did not notice and
now l have enough to pay my taxes
Another said, / am going 20 take $25
of my check and spend it for Christ
mas gifts and put the rest in the saw
ings bank and let it continue to draw
interest. This is almost like picking
up money in the road and it will go a
long way toward boosting my savings
recount One girl blushingly said that
she would spend her money on her
wedding trousseau. Joe and I are go
ing to be married Christmas and this.
money just comes in handy at this
hines ] will have money to buy my
wedding outfit and still have some left
with which to help furnish our new
home
Size Of Checks.
"And so on and so forth. Every diff
werent individual depositor has some
thing different from the other fellow
for which he is going to spend his
money and it fills want he has long
felt and was unable to fill otherwise -
These checks run everywhere from a
few cents to $500 according to the
amount the depositors paid in weekly,
Some of them begun by paying one
cent the first week and increasing IT.
one cent every week until this week,
Others paid two cent Others a nickel
Some as much as quarter and others
larger amounts. Others begun at the
big end of the horn and decreased their
payments each week instead Of be-
ginning at the little end and increas-
ing them.
The Christmas club has come to be
one of the real institutions of the fl,
nancial life of Kenosha BY their
means the people of the city have say.
ed their pennies, their nickels, dimes
and quarters which if it had not been
for the Christmas clubs they would
have spent foolishly which is equiva
lent to throwing it away
viii Benefit All.
Not only will this money which will
be let loose this week benefit the club
members themselves, but most of it
will be spent right here in Kenosha and
the merchants will reap the benefit of
it as we'll as the savers themselves.
While the club members will be en-
abled to purchase some long coveted ar
ticle the merchants of the city will be
enabled to make the sale of these ar
IContinued on Pare g.