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How Savings Grow

How Savings Grow image
Parent Issue
Day
11
Month
October
Year
1893
Copyright
Public Domain
OCR Text

This incident, told in a St. Louis newspaper, shows how a small sr.m, depositad where it wi!l lr;iw a moderate rato of interest, vvill accumulate in the eourse oí years. [t ought to convey a lesson to young persons who thinl; their savings are too sinall tobo worth Investing. Some yeara ago a man entered the Boatmen's savins bank on Second street in St. Louis witli a somewhat diffldent air, and looked inquiringly about him. as one not quite positivo of his hearings. He scrutinized the building1 elosely, looked about the interior, and presently found bis way to the eushicr's desk. "There u.sed to be a bank here in the oíd times," he said, "called the 15oatmen's savings institution. I suppose it is dead long ago. This bank, of ! eourse. lias nothing to do with it." "It's the same bank," replied the i eashier. "only the name is a little cbanged." "Ah!"' exclaimed the stranger, with surprise. "Well, when the old institu tion started. I was one of the first de positors; but I put in only one hundred ! dollars. I reckon. after so many ups and downs, that it must have been wiped out long ago." "Who are vou?" the eashier asked, "and what is your name?" "My name is Jefferies." "Thomas Jefferies?" cried the cashier. "Yes, they called me Tom then." "Where have you been, Mr. Jefferies, these years, and why haven't you written us?" "In Californy; and, of course, I thought the one hundred dollars was a dead duck. and it's only your sign that called me in now." "Well, Mr. Jefferies, if you have been idle," said the cashier, down and a great folio, "your one hundred dollars h;is not. Iiere it is. Your check on thisbank" to-day is g-ood for seven thousand eight hundred and seventy-five dollars. You have only to get some one to prove your identity, and we will pay it over."

Article

Subjects
Old News
Ann Arbor Courier