artered by the respective states in which they exi

ngs bank is not established a

of the savings bank is to encour

such rates of interest on such deposits as are warranted by the earnings of its in

through a charter from the state, the organizers

rust and responsibility are required to give

NESS IS

with, and a suitable office provided,

e on deposit any sum from five

less than one dollar at a t

they are rarely chartered, and are organiz

llar are not usually rec

as three, four or five doll

ay from three to four per cent. In th

ion of interest begins. As a rule this is Jan

these dates does not draw interest t

mind the

ke a deposit is whe

safer than

TO D

a memorandum of the amount before gi

-usually "the receiving telle

name, age, occupation and

er legal age, the names of the parents and t

s name in a book provided by the

s a memorandum book, known as a "deposit book", in which, with

entation at the savings bank money cannot be drawn. You cannot c

ACCOUN

ccount is opened

ered, is handed to the receiving teller. He counts the money, makes a record of it for

is written down in the book

n cash, but if allowed to remain, it beg

ow ball. On such small beginning

made up of earnings in exces

erve ear

ofit, and it may be distributed, and usuall

MIT OF

its of deposit, that is fixed sums

one thousand to fi

savings bank, there is no law to prevent his opening anoth

are not meant for capitalis

of $1,600, the interest will not go on earning i

complianc

nother account with another bank, and ke

O DRA

her draw money himself or throug

s the

o the paying teller. The owner

eller takes a receipt in a book kept for the purpose, for the amount, enters

to draw, printed on the deposit book. This mu

epositors to draw out less

ughtless depositors from going to th

gs bank he may be compelled, under the law, to give

run on the bank, but it gives the

les in the

INGS BA

otes or deal in loans and commercial pa

gregate of all the deposits in a savings ban

s not allowe

f lying idle in the vaults, is invested in many ways, but always in ac

d in mortgages on real estat

other forms of reliable interest security are

periodic inspection of state of

rough bad investments or the dis

romise more than the r

, but to be safe, deposit only with a bank that is regula

is the best for