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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
Day
30
Month
July
Year
1891
Copyright
Public Domain
OCR Text

THE Is Introducing in this City THE NICKËL S.IÏIW SMP SYSTEM. Designed Especially for THE SAVING OF SMALL SUMS And is Intended for Children and People of Moderate Means Laying Aside Part of iheir Earnings as v The Foundation of a Fortune ! This System saves the Depositar the Expense of Time, Trouble and Money in reachinq the Bank, and HAS AUTO 1 1NI11 SÜCCKSS t In Frankfort, Germany, where it was first inproduced by the Frankforter Sparkasse in 1882. The system was first inaguarated in America, by the Citizen 's Savings Bank of Detroit, Mi i-h., and the People' 's Home Savings Bank of San Francisco, Cal. A BRIEF DESCRIPTION OF THE SYSTEM. THE Banks issue to their Agents a large number of gummed stainps 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 bis 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 surns 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 interest and can be withdrawn just the same as though the regular deposit book had been issued. AGENCIES: i ■ HENRY J. BROWN, Druggist, Cor. Main and Hurón Sts. W. F. STIMSON, Groccr, 5 E. Ann St. JOHN EISELE, Grocer, 4 Detroit St. JOHN MOORE, Druggist, 12 E. Huron St. MANN BROS., Druggist s, 39 S. Maiu st, RINSEY & SEABOLT, Grocers, and 8 E. Washington St. WM. F. LODHOLZ, , Groccr, 4 and 6 Broadway. E. E. CALKLNS, Druggist, 34 s, state St. JOHN HAARER, Photographer, 5 W. Liberty St. 11. RAND ALL, Photographer, 30 E. HuronSt.

Article

Subjects
Old News
Ann Arbor Register