Christmas Clubs
Christmas clubs were savings programs first offered by banks in 1909. The concept was simple: bank customers deposited a set amount of money each week into a special savings account, and received the money at a later date for Christmas shopping.
One radio program episode used Christmas clubs as a background. The December 23, 1949 episode of Life of Riley saw the show's protagonist Chester Riley attempting to withdraw his US$2 Christmas club money but discovering his account has accumulated a variety of fees including one for the passbook, another for early withdrawal, and yet another for the bank's mailed reminders. The luckless Riley owes the bank 25 cents.
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Read more about this topic: Christmas In The Post-War United States
Famous quotes containing the words christmas and/or clubs:
“The sixth day of Christmas,
My true love sent to me
Six geese a-laying,”
—Unknown. The Twelve Days of Christmas (l. 26–28)
“The true reformer does not want time, nor money, nor coöperation, nor advice. What is time but the stuff delay is made of? And depend upon it, our virtue will not live on the interest of our money. He expects no income, but outgoes; so soon as we begin to count the cost, the cost begins. And as for advice, the information floating in the atmosphere of society is as evanescent and unserviceable to him as gossamer for clubs of Hercules.”
—Henry David Thoreau (1817–1862)