OPEN A SAVINGS BANK ACCOUNT
If you ever hope to be considered a thrifty citizen, a man to be looked up to, you must exhibit some financial standing.
You can do this by opening a savings bank account. A man who has a bank account is never ignored, whether his account is large or small. It means something substantial, and you feel more like holding up your head and looking at the sun without a smoked glass.
Many people save their money, or think they do, by hiding it away in the bottom of a trunk, burying it, or carrying it around in their pocket. These people generally lose their money because it is as easily accessible to others as well as to themselves.
Banks are safe institutions at the present day, but not a bank run by private parties for their own benefit. You must not be deceived by glowing promises of returns on your money, for they always come from those who are scheming to get it away from you without returning it.
There are all sorts of tricky people roaming about looking for those who have a little money saved up and who are afraid to put it into a savings bank. Do not listen to them for you will be deceived. You can not take up a newspaper without reading about some man or woman who has been defrauded of the little money hoarded in a tea pot, or burned up in an old stove, dug up from some secret hiding place under a tree, or picked from his pocket by an enterprising thief.
Trust your money to first-class savings banks and it will be there when you want it, and it can not be lost or stolen. The bank is responsible.
“Some banks burst.” True, but not a good bank, the shady ones always fail when they get a good sized roll.
If you do not know enough to put your money in a safe place, you do not deserve to have any, and you generally do not.