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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
Public Domain
OCR Text

THE Is Introducing in this City MS NICKEL Sílfií STAMP SYSTEM. Designed Eapecially for THE SA OF SMALL SUMS And is Iritendêd for Chiïdren and People of Moderate Means Laying Aside Part of their Marnings as The Foundation of a Fortune ! This System sanes the Depositor the Expense of Time, TrouLle and Money in reaching the Bank, and UI ACHIEVED i WONDERFUL SUCCESS In Frankfort, Germany, where it was first iniroduced by the Frankforter Sparkaxse in 1882. The s y stem was first inaguarated in America, by the Citizen 's Savings Bcmk of Detroit, Midi., and the PeopWs Home Savings Bank of San Francisco, Cal. A BRIEF DESCRIPTION OF THE SYSTEM. THE Banks issue to their Agents a large number of gummed stamps similar to postage stamps, each one of which, when pasted in one of the Bank s " NICKEL SAVINGS BOOKS," has the value of five cents. Any person desiring to open a Savings Bank Account goes to the Bank's nearest agent, buys one or more stamps and receives free a NICKEL SAVINGS BOOK, each page of which is divided into twenty spaces of such size that one five cent stamp may be readily pasted within each square. When all the squares on the page are thus filled, the leaf represents $1.00. The depositor now filis out in ink the signature slip attached to the back inside cover of his book, and takes the book to an agent who tears out the leaf and the signature slip and sends both to the Bank, which files away the signature slip and issues a regular deposit account book, showing a credit to the depositor of $1.00. This book is delivered through the agent to the depositor. The depositor then begins to fill another page with stamps, and when it is full he writes his name on the back of the leaf and sends it to the Bank through the agent. All money deposited in the Bank before the fifth of the month, draws interest from the first of the same month. All süms deposited after the fifth of the month, draws interest from the first of the following month. Whenever the depositor is twelve years of age, or under, the bank issues a handsome and durable Silver and Gold Face Deposit Card instead of a Deposit Book, when the first dollar's worth of stamps is deposited ; but just as soon as the holder of the card has $5.00 or more deposited in the bank, he receives a regular deposit book. Money deposited by the holder of the card draws jnterest and can be withdrawn just the same as though the regular deposit book had been issued. AGENCIES: HENRY J. BEOWN, Druggist, Cor. Main and Hurón Sts. W. F. STIMSON, Grocei , 5 E. Ann St. JOHN EISELE, Grocer, 4 Detroit St. JOHN MOORE, Druggist, 12 E. Hnron St. MANN BROS., Dragaste, 39 s. Maiu st# RINSEY & SEABOLT, Grocers, (j and 8 E. Washington St. W 'M. F. LODHOLZ, Grocer, 4 anrt Broadway. E. E. CALKINS, Drnggisl, 34 s. state st JOHN HAARER, Photographer, 5 W. Liberty St. H. RANDALL, Photographer, 30 E. HuronSt.


Old News
Ann Arbor Register