The Washington times., 1926-11-04
XMAS SAVINGS
CLUBS BOOM
By RICHARD HATTON

tbY &6AOEAE1AOD 4A<A 80 .
More than a 900 people in Wash
ington viii be made happy in about
a month from now when they re-
ceive from their banks the checks
covering their accumulated prfnci.
ple and interest in Christmas Saw
ing Accounts for the year 1926.
The banks are already making
preparations for the distribution OF
the Christmas Savings checks, and
IT IL q task requiring a great deal
of time and detail work on the
Ipart Aof employees and officials.
washington depositors will receive
within a few days of the first of
December Christmas savings checks
totaling approximately $4,000. 900.
That the Christmas saving ae-
count idea is gaining in favor in
this city Is clearly indicated by the
fact that disbursements this year
viii be $1,100, 900 In excess Of those
for 1926, The 1926 Disbursements
set & record for all time and the
beating of this record by over ST.
O00, EDO, or, approximately by 20
per cent Is an uIques tionAble evil
denee of the popularity Of this form
of aaaIal savings.
One of the best features Of the
annual distribution of Christmas
savings account checks Is that about
Is per cent OF the accumulated saw
fngs made through these accounts
and paid depositors by the banks
near the end Of the year goes, imme-
dlatefv into permanent saving &C
count of some other form Of profit.
Affx5 tad
people have fted, and new main
tain. ltliy wings ssposits ne,
cause hey entered one OF the local
banks mas savings clubs.
Much of the credit for the great
success OF the Christmas Savings
Clubs. here must be given TO the
excellent go operative advertising Of
q number Of the local financial In
stitutfatas 1hfough the Advertising
COMMITTEES of the District Of Column
bia Bankers Association.
Plans are being formulated by the
officers ana directors Of the Bank
Of Commerce and Savings Tor e.
reception 10 be held about Deem
Der first III celebration of the COM
pletiOn 81 the extensive improve
ments to. the bank building at the
corner OF Seventh and p Streets
northwest
PresfdehE Maurice D. Rosenberg
and Cashier John M Ri6taon. who
have been articularly active carry
ing out the improvements, were in
conferences today over details OF the
proposed reception as well as on
the np0ftant matter of draperies
and ether interiors decorations which
win complete the general artistic
ensen9bie sof the rev lobby.
While the changes made Ia the
building have resulted in CONF
plate reafTangement Of lobby and
office space with vastly more room
available Tor accommodating the
lnstitutfotlss fast growing business
and while the exterior of the build
ing now shows a facade which is
architect an ernaH1ent to the |
Seventh Street business district, the |
main. structure Of the building re-
mains as It was.
The nenth Of September was
one Of outstanding business sue.
cess for the Acacia Mutual Life |
Association. according to the figure |
for that period Just released from |
HEADQUARTERS here. The number Of |
new policies issued was 1.244 total |
ing $3.50, 100. The total for the |
year amounts to II ,54S and $31,; |
e3S, 600, respectively. The total in.
surance in force on September 80 !
was S216,222, 600. and the number
Of policies 104, f52