Newspapers / National Savings Bank (New … / Jan. 1, 1868, edition 1 / Page 2
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NATIONAL SAVINGS BANK. Janui gatwaalf ^aiik. PUBLISHED MONTHLY. January 1, 1868. MERRY CHIlIST.riAS. The first number of our T' Paper will reach man j of our patrons about the holidays. Those of -our readers who have been care ful and Bavmg since last Christmas will be in a happy frame of mind for they will have a sum of money in the Bank, paying them good interest. If sickness should come in at your door, if l«hn^ Khould fail, then you have a lillle .■*um U) fall hack upon. Tiiere is nothing in the world like a little purse put aside for n dark day. To all who have been careful, prudent, temperate, and in dustrious during the year, this will be a Merry Christmas. THB NATIONAL SAVINGS BANK. We this day, for the first time, issue this newspaper. It is to be devoted to the interests of the Freedmen’s Savings Bank. We design to plead in its col umns each month the cause of economy, of careful industry, and saving of money, and .to advise the laboring people who shall see this to save their little earnings and put them in this Bank, where interest will be paid for them. We wish every one to understand that this is a mutual Savings Bank. That is, all that we can make out of the money deposited over and above what wc need to pay our expenses, is returned to the depositor in the shape of interest.— Suppose the income of the Bank to be thirty thousand dollars and the ex pense of running the various branches twenty thousand. The remaining three thousand is divided among the De positors. Now they should know that the more money we have the larger wll be the amount returned to them. Thus: the Bank is now thoroughly or ganized, with a braxich in each of. the following places: Augusta and Savan nah, Georgia, Baltimore, Beaufort, and Charleston, S. C., Jacksonville and Tallahassee, Florida, Louisville, Ken tucky. Memphis and Nashville, Ten nessee, Mobile and Huntsville, Ala bama, New Berne and Wilmington, K. C., New Orleans, New York, Norfolk and Richmond, Va., Yicksburgh, Mis sissippi, and Washington, D. C. The amount of cash now on deposit is $556,673.31. Now, if the amount was three times as much, it would cost no more to manage and invest it than it does to look after what we now have. The surplus income would be much larger however than now, and the in terest we should pay consequeutly greater. Our readers will all ask where do you put the money you receive on de posit? I answer it is all loaned to the United States. How so ? iLet us ex plain. ; When the great and good President, Abraham Lincoln,signed the bill which gave this Bank a charter,he saw this in it: “ And the money thus received (i. e. on deposit) shall be invested in the stocks, bonds, Treasury notes, or other securities of the United States.** As fast as the Bank gets five or three thousand dollars they are spent in buy ing such stocks and bonds, and so the money is loaned to the United States, and we get back the Interest every six months. There is thus no chance of losing the money in useless or failing speculations. The cash can always be made out of the bonds owned by the company by putting them on the mar ket. If United States bonds arc not good, nothing is good. A bank may make more interest out of its money by taking the risk of losing the whole of it, that hi by putting it into some spec ulation which may or may not prove a success. But if it ow^s United States Tjonds it can always sell them if its de positors need the money, and if they do not need it, then it brings them interest. But it may be asked w’hy may not each man buy his own bonds, and thus enjoy the whole interest without using the Bank? Because there are thou sands upon thousands of poor men who havn’t money enough to buy a bond even of the smallest denomination, fifty dollars. But a half dozen men may put their little sums together, put it in the Bank, and w'e buy the bond, and thus each will get his interest on his small sum. This paper represents and speaks for the only National Savings Bank in the country. By means of its branches a man having a sura of money in New Orleans or New York can transfer it to Washington or Charleston, or other I>oint«, without cither risk or expense. Its drafts are good anywhere in the United Btates, as they are cashed in New York. TO MINISTERS. The colored ministers of the country should not regard this Savings Bonk, as merely a secular institution. In their pul pits it may always be spoken of os in con nection with the church, the sabbath school, the help of the poor, and every charitable and Christian work. If a house of worship is to l^e built, how can it be done, only as the people have saved their money ? If the salary of the minister is to be paid, the congregation must have money. If a sabbath school library is to bo bought it takes the cash. Missions can only.Jbo carried on with money. The^ieople should be taught that these Banks are the places to save it for these uses. Whenever a collection, in the church is taken, the minister should say, ‘‘ now we thank you for your liberality;'’ but for so largcacongregation, this collection is small er than it ought to be. Let us from this time save our money, that the next collec tion may be larger. Ho should advise that all the funds of the church and of charita ble socijgtips be put in the Bank for safe Ikeeinng, and to drawlnterest, as the Scrip ture saith: ‘‘That nothing be lost.” Will ministers preach from this text? And also from that other text. 1st, Timothy, 5, 8? J. W. A. posits in specie have been made, amount ing to about $10,000, one-fifth of ,which has been repaid. This specie, i. e. goM and silver money, had been put away in old stockings or in the ground, some of it for ten or fifteen years. There it lay giving back the owner nothing for its nse. Now it will yield to such as let it remain with the Bank, 5 per cent, interest. We have said that there are at Mobile 1,343 depositors noiw. Well suppose that each one of them lays by twenty-five cents a day for each working day, that will give the sum of $335.7^per day, $2,014.50 per week, and$8,729.50 per month, or$l04,754 per year. Just think of it! More than one hundred thousand dollars of savings in Mobile alone in one year. That is more than $80 per year for each. Now this, at 5 per cent., will yield four dollars per year. The Bank will take your $80, and your fonr dollars with it, and give you five per cent, interest on both. Keep on laying up '$80 a year and putting it in the Bank, and the interest with it, and in ten years each of onr depositors will be worth over $1,000. PREACHING. Said a distinguished colored minister in a public meeting: “ Thercare three things which our people want, viz : Money, Edu cation, and Religion." In a telling speech ho showed how these things were connected with the highest welfare of the colored race in this country. They wore the foundation stones upon which to build; “and,” he ex claimed, “I am not afraid of preaching to my church the gospel of monev!” With out money we shall not be respected, nor educated, nor can we uphold or spread abroad the institutions of Religion. “Earn Money,” said he, “and save yoyr Money,” not to be proud of, but to use for your children, for yourselves when in need, and to help carry forward every useful and ,Christian enterprise. J. W. A. We takepleasnre in calling the attention to the advertisement in another column of the young and enterprising firm of Wied- ersheim & Co. We are personally acquainted with the partner residing here, Mr. Alexan- der A. G Klaucke, and caa recommend his firm us very reliable in their work, and reasonable in their charges. THE MOBILE BRANCH OF THE FREEDMEN’S SAVINGS axd TRUST COMPANY. The number of depositors at this branch (the office is at No. 41 St. Michael street) is 1,343, and the amount of deposits $127,- 238.41. More than three quarters of the deposits made have been returned to the owners, with interest on most of them at five per cent. About seven hundred de ITEMS. TEMPERANCE.v-There are two great tem perance associations for the Frecdmen, viz. : The “ Lincoln Temperance Associa tion” for grown people, and the ‘‘ Vanguard of Freedom” for children. The former was started by Major General 0. 0. Howard, and the General is Chair man of the Executive Committee of the Vanguard. These societies are doing their work all through the South. Lead all to join. They have a brave leader. Without her Di.vnee.—“I was much touched by hearing the other day the story of a little girl who is discovered to have re peatedly gone without her dinner in order that she might pay her school tax. She is one of the motherless, and her grand mother, who cares for her, is ■•very poor. She had no money fur little Mary and a little brother; scarcely enough to boy their hominy. But they were so grieved at not being able to pay their tax that she at last tqld them they might choose between the* money and the dinner; they chose the money. When the teacher asked if she was ^not hungry, and how ste got along without her dinner, she said, ‘0, we don’t mind, for we go to bed soon, and then we forget all about it.^ Uttle Mary Brown (for this is her name) is only ten years olJ- „ . , Bureau Report on Schools. THE AUGUSTA (GEORGIA) ER, This batik is in the midst of a 1 and fertile region where every grows with hut little care. The amount of deposits are $12,208.02 Mr. Prince, the Cashier, could man times that amount as ea.sv as the sin in question. There could as eailv 000 as the amountnow saved. The people need to take pride in bein'' and careful. They should not spem u^lessly. They do not need whi tobacco or fin^ clothes. All the spent for such things is just throw and worse. The saving man acquire good habits with his money. lies children to school; he clothes them \ not richly. His wife will be caref saving because she sees her hush The little savings put at interest, tonishingly short time will count large sum. It is advisable for the colorei about Augusta to buy a piece of la don’t need alarge piece. You can if you are careful and work s|pad acres. It is bad to have a great pi with the largest part of it running t Among the lanKees, men get rich acres of land. They plough, and ' cultivate every inch of it. Not a allowed to grow on it. Every pt yields something. If you 3o the sa and put by all your surplus mon wiU get rich and be happy. THE LOYAL LEAGUE. This great Political Society hi session in Washington, this montli were devising ways and means to United States Government in the the men who have rallied round theU through the war. The Great Republic newspapei itself to the interests of the Grei League, andnn excellent paperit is. who can get it, ought to do so, and study its sound patriotic doctrin' man who does so will be’ a good Good citizens make a happy count as good children in a house make family. TO ADVERTISERS. We circulate of this paper, in tl ^ate, at all the points named of this Bank, no less than ten copies. This makes it a valuabl tising medium to patent agents gentlemen who have extensive bus nections. We shall increase our we find OUT efforts appreciated. ^ wish to make any money out of o risers. We share the expense of tion with them. We give a colum per quarter. We shall enlarge ou we find it best and patrons ask it. CAN'T SAVE ANY Till We hear this so often from men in at the Bank to draw their dopt it set ns thinking over the ways o Many men who arc hear/1 compi this way chew tobacco and drif\! Look at this, all you who spend yo for these hurtful article.*!. It is stated in the last repor Bureau Superintendent of Edncati J. W. Alvord: “That the cost of intoxicatin] used bv the colored wople” m doubt ''alone equal the whole e.vpended by the North fur their edu and physical wantsand that thCj Kibacco. ‘ in the form of chewing, si land snuff-taking,’is ‘at the lowest es twenty millions of dollars per antiiin Yet men will say “I can’t lay thing,” when at the moment of th mentthey have their mouths fall of' At the present price of tobacco, $20 is the lowest figure a man can do wi there are & million colored people range of the Bank using tobacco, lailUon dollars!
National Savings Bank (New Bern, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 1, 1868, edition 1
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