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Show THE PENNY SAVED.- "A penny saved is a penny gained" has long been one of England's standing proverbs. The problem of late years has been how to save the penny. The postoffice [post office] savings banks would not take less than a shilling, and other banks that would take the smaller coins were distrusted since the failure of so many banks during the English hard times. So the penny was very apt to drift into the dram shop. Mr. Fawcett saw - although physically a blind man - the need that existed of giving the above proverb practical value, so he is now testing a plan for saving the penny. By application to the postoffice [post office] an oblong card can be obtained containing twelve spaces the size of a penny stamp. The stamps are bought, one at a time, and stuck on this card, one by one, till there is a shilling's worth on the card, then the stamped card is taken at the postoffice [post office] and the holder credited with the shilling. Six rural counties were selected as the place of trial, and 11,000 accounts were opened at once. The plan was recently extended to all England, and now 70,000 persons have taken cards. |
