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Show s&s Clubs Get Year's Savings H0f Plan Spreads Rapidly; neourage Thrift. H0 present week approxl-.KoOO approxl-.KoOO people in various soc-bo soc-bo country will recolve KoO.000 In tho distribution B3 funds. Kd that moro than 3000 been conducting Christ-'luring Christ-'luring tho year, and after of steady payments tho now aro receiving tho oy liavo paid in and with will do their Christmas the Christmas club plan, started in tho East in n ner a dozen years ago, has rmally adopted in Salt stated by bankora that In-rlstmas In-rlstmas saving has boon 0 a far greater qxtout this rer boforo, and that Euch ow aro withdrawing thoir wrings with tho objoct of holiday season shopping, onderful Growth. j Christmas club plan has erful growth during Its I Bs of oxlstonco is shown by (110,000,000 now bolng 1 Such deposits in tho Now I Bites amounted to 114,700,- m atates J8.000.000; East-'(32,400,000; East-'(32,400,000; Mlddlo states, Western states, $18,300,- states, $9,200,000. Bed by Herbert F. Itawll, Sot the Christmas Club Jm. that when the plan was ftced It mot conoldorablo 'Bfrom many of tho banking , Bcstbe ground that a ays-j,ftatlng ays-j,ftatlng and encouraging iHire monoy to spend was a clple, but that tho growth Hottho plan within tho last H has demonstrated tho Hili conclusion. BaUr appeal of tho Christ-m Christ-m on account of tho safe-Keu safe-Keu against human frailty," MJnlqus Scheme. BiU a unique mothod by Hpeopte can save a small Bch week which cannot bo withdrawn until tho end of the club terra, two wcoks boforo Christmas. "Pcoplo who save money in th Christmas club would never savo this amount In nny other way, and the wookly payments nre so small as to bo hardly noticed by tho avorago individual. in-dividual. Tho rosult has boon that tho Christmas club has demonstrated to thousands of people that, If thoy can systematically havo In this manner, man-ner, thoy can systematically save for Investment. "All of this monoy is not spent during dur-ing tho holiday season. Thousands of illustrations havo boon brought to our attention whoro members havo started start-ed porraanont bank accounts with part of tho Christmas club accumulation, and those accounts havo thereafter beon substantially Increased. "Tho disbursement of $100,00,000 In tho Christmas fund for this year Is slightly in excess of tho sum distributed distri-buted a yoar ago. Many bankers bo-Hovo bo-Hovo thnt this fund will materially In,-creaso In,-creaso noxt year. This enormous disbursement dis-bursement so soon after tho world war Is anothor ovldenco of tho ublllty of tho American people to rapidly adjust thomselves to prowar conditions. Tho increasing numbor of banks handling the Christmas club plan and tho Increasing number of subscribers It has produced Is highly gratifying to thoso who havo been urging thrift and saving. Tribune |
