Penny Saving Funds.

The great Paris saving fund, established in 1818, with over 560,000 depositors, owning $25,000,000 and average of $50, has a chief office and 88 branches and encourages in every way a large juvenile element in the practice of economy. In England almost every primary school has a penny savings fund, while in Paris 224 schools have each its own fund of that kind; in one word there are 33, 16 for boys and 17 for girls, with over 20,000 depositors, and in all of them there were nearly 58,000 depositors, with a total of $250,000 invested in those useful agencies, the result of 13 years of education in this direction. In Belgium, in Switzerland, in Italy, in Spain, in Holland, in Denmark and Sweden, and in Germany the Penny saving fund takes its place alongside the great and growing saving institutions in this way $6080, while the adults saved $3,000,000.

source: Lebanon Daily News.
location: Lebanon, Pennsylvania