Milford chronicle., 1923-12-07
LOCAL SAVINGS CLUBS
PAY OUT LARGE SUMS
Three Clubs In Milford Send Out
Checks To Members As Re-
ward For Thriftyness.
WAS THE TOTAL
The Milford Merchants Will Benefit
Largely From Money Released
For Christmas Shopping.

mat 1t pays to be thrifty will be
veIy IofcaDly demonstrated to the
IeulDers OF the three Christmas Saw
Inss CLUBS in existence in Milford This
uIonth when checks are mailed out to
tne members of the several clubs. For
several years past it has been the
custom Oh both Milford banks. and fine
L. u. Caulk Company to provide these
CLUBS. and they have grown rapidly:
Doth IN membership and in the aggre.
gate amount of money saved. Last
year the total amount dfsbursed bv tbe
three clubs was S33,458.OO and this
year II reaches the grand total of ST.
4ol.5S' practically a one-third gain
uurlng the present year. It's nice to
nave the money come in just when il
- HlOst needed-especially at the bol-
tuay season when everybody has need
LOT providing either the outfits for
tnelr winter needs, or for buying the
many presents that custom has
brought to be part of the annual ev-
penses OF members of most families
Several years ago, the L. D. CanIIk
christmas Savings Club was formed
Dy employees of the laboratories and
~ SOON became one of the most popu-
lar forms of club saving-but the out
slue people, or those not EMPLOYEES.
were not given right to membership
Ihen followed the Milford Trust Conn
pany Christmas Savings Club. which
became popular from the very start
ana is now the largest of the three.
Inc last to offer opportunity to the
PUBIC for this special savings oppor-
UNITY was the Christmas Savings
CLUB organized by the First National
Bank OF Milford. This has been in on
GRAFTON for three seasons, and if ia
growing rapidly in favor among those
VINO set aside part each week, some
OF tnelr savings, to have available in
ready cash at the Christmas season.
Inc three Milford Savings Clubs
nave either sent out, or are about to
mall to the club members, checks for
the amounts deposited plus the inter-
est that the money has earned during
the year. The First National Bank
mailed checks to its members early
this week; the Milford Trust Companv
is announcing in it's advertisement in
this weeks issue of The Milford
Chronicle that checks are ready to
$1,000 SuSS anu lu6 II. u Odulk A-lu0
checks will be sent out within the
next few days. The total for the
three clubs is SAL, This money
comes at time when it is most ap-
prec1ated and will in many instances
provide much needed clothing and
provisions for the recipient. One in
stance was cited to the writer where
by Christmas Club member has been
able through this savings medium to
make annual payments on a mortgage
held against his home, and it has now
reached such stage that this years
payment will clear up the indebted
ness against the property. Some real
Christmas for him, as a direct result
Of the Christmas Club.
The Milford Trust Company will
send out checks totaling S2O,15O.OO:
he L. D. Caulk Club will pay it's mem
Oers $14,674.00; and the First National
Bank has sent out checks to its club
members totaling $6,645.3S.
The Milford Trust Company and the
First National Bank are advertising in
The Chronicle that their clubs for
1924 are now forming. The Caulk Club
Will form Immediately after the first
If the year. To those who do not be-
ong to these Christmas Savings Clubs
t will be very wise for them to inves-
igate the advantages to be derived
ind to Immediately join one at their
)ank. Don't delay action, it is one Of
he best things that you can do. Do it
low.
OF the money saved in these clubs,
me of Milford's bankers estimates
hat approximately fifty per cent is
transferred to a regular ,avings fund
md allowed to accumulate. The re-
naming amount, he says, goes into
rade channels and the Milford bust
less men benefit very largely from
his. AS a business asset to the COM
nunity these savings clubs are valu-
BILE to the merchants. Let's hope that
he grand total next year will go to
100000.