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The Savings Bank

5. All deposits and drafts [money with drawn] shall be immediately entered in the books of the bank and the pass-book of the de positor. The bank is not liable to make any payment until the pass-book is handed in for the purpose of entering the payment. The bank will assume no responsibility for remit tances of money to depositors.

6. Ordinarily the deposits shall be repaid on demand, but the bank may require a no tice of not exceeding sixty days before such payment.

7. In case of the loss of a pass-book, notice thereof shall be given, at the depositor's ex pense, once a week for two consecutive weeks, in one or more of the daily newspapers. The pass-book may then be considered void and of no value, and the bank may, after two weeks have passed from the last advertise ment, make payments without having the pass-book produced. The bank may, more over, demand satisfactory security.

8. In case of the death of a depositor the bank will pay the amount due to him to his legal representatives.

9. Interest will be credited semi-annually on the first of January and the first of July, at such rate as the Board of Directors may determine, out of the earnings, on all sums of five dollars and upwards (not exceeding three thousand dollars), then in the bank, which had been deposited three or six months before such January or July.

1o. Interest so credited will draw interest [as principal] from the first day of January or July, or will be paid on demand on or after the twenty-first day of January or July re spectively.

All saving banks have similar Rules and Regulations. Their one and only purpose is to safeguard the depositor and his money. Every depositor should thoroughly familiarize himself with the conditions under which money is received and re-paid.

When the first deposit has been made, the depositor should determine upon a safe place for the keeping of his pass-book; he should also note its number and be prepared, in case of loss, thus to identify it.

Savings banks are so numerous and it is so simple a matter to transact business with them that there is no need for anyone to keep a considerable fund of money in the house. Many people have lost money aggre

gating vast sums who have kept it in insecure places.

With greater and greater attention paid to laws enacted to protect the money of de positors in savings banks, losses through the failure of an institution are becoming fewer.

Losses through the dishonesty of bank officials are also comparatively rare; so rare in fact that they are quite a negligible quantity.

Many people hesitate to open a savings bank account thinking that small accounts are not welcomed. They are welcomed. It is a good plan to let the small coins one can save accumulate at home until one dollar is reached, then to deposit the dollar. Few of us place the proper valuation on small coins. The presence of the penny-in-the-slot ma chine attests their value.

This machine is a proposition, generally dealing with a copper one cent piece. We are all familiar with it, and most of us think we know what it is worth.

But we do not.

One of them saved daily for twelve months will turn into a new derby hat or a pair of shoes.

It all depends on whose slot machine gets the pennies, yours or the other man's.

With an impulse to push a penny into a slot, why is it not worth while to have a small slot machine in the house? One can have just as much pleasure push ing the penny in at home as if one were doing it somewhere in town.

Of course there is a difference. In town you push in the penny and get the reward at once.

At home you have to wait. But, if by wait ing you can pull out a garment for one of the children, or a pair of shoes for yourself, or a day's excursion out into the country for the whole family, your machine is worth some thing, worth more, in fact, than the gum you chew, on other days.

When we are told that cigars and liquors cost us annually an amazing number of mil lions, the news does not affect us a particle. The sum is too large. We don't believe that there ever was so much money.

So the convincing way is to start at the other end and learn the actual power of pen nies. They certainly have an amazing force when they are kept together.

Pennies are weak only when they are scattered.

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money, pass-book, depositor, january and july