Salt Lake Telegram | 1931-11-12 | Page 13 | $67,500 Will be Poured into Old Santa's Coffers

Will Be Poured Into Old Santas Santa's Coffers Christmas Savings Clubs o of City Ready to Make Disbursements Disbursements Disbursements Dis Dis- to Depositors Old santas santa's coffers will be enriched en en- riched by about this year from funds saved by Salt Lakers Laker through Christmas savings clubs a survey revealed Thursday A major portion of this amount wilbe wil will willbe be spent with Ith local merchants merchant fo for fori presents and foodstuffs in the opinion ion of bankers backers who also said the figure fig fig- ure represents only ri ii a portion of Salt Sal Lakes Lake's actual holiday bill I There are but two banks In the city which operate Christmas savings saving I clubs but officials of other banking bankin institutions expressed an nn opinion that tha additional funds will be withdrawn I from regular savings accounts to b bused be used for holiday business I The city's bill for Christmas shopping shopping shop shop-I ping pins will run all the way from 50 50 1 to according to various estimates made Thursday for it 3 is generally agreed that in spite of at ad adverse adverse adverse ad- ad verse economic conditions Santa Claus Glaus will not be neglected Although the amount piled up 1 In Inthe Inthe the Christmas savings clubs is considered considered con con- large it ft will not all go fo for holiday shopping bankers sa say Many persons employ the club clu plan as a permanent savings medium and deposit the savings in regular accounts accounts accounts ac ac- ac- ac counts on maturity Others use this method to save tax money money and some som save through the club dub to meet other othe obligations