The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1924-12-04
|KENOSHANS GET
XMAS CHECKS
Bank Christmas Savings
Club Checks to be Dis
tributed This Week.
5000 WILL GET CHECKS
Three Kenosha Banks Begin
Task of Mailing Out
Checks to KenOshans.

Nearly 5000 Kenoshans are going to
share nearly $350,000 this week when
the banks of the city distribute the
annual Christmas savings checks to
those patrons who have faithfully kept
up their weekly payments for the past
so weeks. These were the figures es-
timated today from the face Of those
now being prepared by each of the
banks. All are now preparing the
checks to be mailed out to each of the
Kenoshans whose foresight made it
possible for this "good turn" at this
time of the year.
While no definite figures are avail
able from any of the banks, the $780,
600 is believed to be a conservative
estimate, and the 1900 persons who
will participate in the mellon will be
that much happier when the end Of the
week rolls around. All checks are ex-
pected to be mailed out by Friday,
Dec 5, and many will be in the hands
of the owners for their Saturday
shopping tours.
First National Has $500.
The First National bank reports that
it has approximately $500 Christmas
savings accounts which it is now pre-
pairing to close. The sums deposited
on these accounts By the First Nation
al banks patrons reaches an approx
mate total Of $2o5,ooo, including the
three per cent interest earned by each
account. The amounts of checks to
be mailed out by the First National
bank range from $3.50 to $4,000 each.
The United States National bank
is preparing to distribute $4,000 to
1878 depositors. These accounts rep
resent those of the former Citizens
bank and the Merchants and Savings
bank which several months ago merged
into the present United States National
bank
The Brown National bank is also
sharing in the distribution of the
large sums to Kenoshans this week.
This bank, which was formerly the
Kenosha State bank, is preparing
checks totaIling over 100000 with in
terest estimated at $500 to be mailed
out to almost 1900 depositors in Ke-
nosha.
All of these checks, coming as they
do as the regular Christmas shopping
season opens, will be most welcome in
the homes Of the city, and there are
going to be a great many happy faces
when the postman makes his visits on
Friday and Saturday of this week and
early next week. The checks which
are being made out include interest of
three per cent on the deposits, and in
many cases this item amounts to a
worth while figure in the computation
Of the value of the account.
The total estimates show that the
5000 Kenoshans will receive an aver
age check of $45 each. Many, how
ever, will receive larger checks, while
some not so fortunate will receive
smaller ones. The bank figures show
that the vast majority of Christmas
savings accounts this year lowered
around those that end the year with a
total of from $35 to $50 with scat
tering of those who paid SIS week for
so weeks and who on Friday will be
mailed checks of $250.000-the maxi
mum amounts.
At any rate, a great many people
who were wondering how they were
going to get Uncle Bob and Cousin
Gertrude Christmas gift now have
their problem solved. At this time
banks are also issuing notices telling
that these same problems will be solv-
ed in the same way on next Christmas
and urging continuance of Christ
mas savings account for the coming
year.