The Washington times., 1926-10-18
BANKSPROMOTE
SAVINGS
By RICHARD HATTON

By RICHARD HATTON
Trust companies, state. national
or savings banks, regardless of the
class under which they come, are
among the most constructive ele
ments of the community. Among
their greatest accomplishments is
the promotion of the habit of thrift
Bank advertisements constantly call
the attention of the public 20 the
desirability and profit of savings
accounts.
In connection with thrift. so
steadfastly encouraged by all banks
there appeared some time ago in the
Washington Times an editorial
that is pertinent at this time when
Washington banks are preparing
to emphasize the value of Christ
mas savings accounts.
The editorial was based upon the
possession by a certain man OF a
silver dollar worth $3.50. This valid
able dollar of the date of 1904 had
been lost and it was worth 5000
lin the shape of reward. The
Times editorial said almost any
dollar can be worth S650-and a
great deal more,'' and farther on
1t continued:
Take any dollar out of your
pocket, look at it and realize what
it means.
I'm that dollar there is a mans
work for a whole day, and there is
FOR YOU freedom from slavery
and from poverty for at least one
day.
Look at the dollar. realize that it
represents labor (value) frozen into
money.
KEEP THAT DOLLAR, not in
your pocket, but in savings bank.
and add other dollars to it until
you have six hundred and fifty-it
won't take you long if you once
realize that dollars saved mean
liberty and freedom from servility
and submission to other men.
When you have your six hun
dred and fifty dollars you will know
that the dollar you first looked ut
and thought OF was worth just as
much as that dollar OF 1904. and
good deal more.
zone dollar or six hundred and
fifty dollars means very little.
unless knowledge of the value of
money goes with them.
Six hundred and fifty dollars; in
vested intelligently in land carefully
selected-beware Of real estate
SHARKS and cneats-or in bonds
wisely bought, would mean every
thing to the millions of men that
lack the six hundred and fifty dol
lars, and that have in its place an
Indebtedness constantly worrying
them.
THE possession of money saved
Is valuable and powerful, not mere
~ because of the force locked up
in the money, but because of the
state of mind which it produces in
the owner.
The man who has money where
he knows he can get it has con
fidence in himself; he isrnot afraid
Of the present. or of the future.
And the confidence which he has
in himself inspires confidence in
others.
His peace of mind enables him
to seize an opportunity if it comes,
for he is not the slave of the dol
lar earned each day, does not live
IN dread of tomorFow's need.
"At the same time the money
saved prevents the taking OF foolish
risks or the throwing away of good
certainty for doubtful uncer
tainty
The man who has saved some
money, and who has it, knows
what saving means. knows what
dollars are worth"
The editorial was an excallen.
preachment on the subject of thrift.
1t will be backed by the advertise
ments of the Christmas Savings
Clubs sponsored by the banks of
this city. II is not too early to
resolve to take advantage of the
opportunity which will soon be
offered to begin the building of a
bPnk account which may eventually
mean independence security and
comfort