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It contrasts the reputation of Americans as “the richest people” with a trend toward thrift, citing large increases in savings accounts and depositors during the early 1920s. The text explains how consistent saving and investing can lead to long-term comfort, then warns readers not to assume all banks are equally safe, emphasizing due diligence before depositing 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AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \n303ZMullett,Mary Bd.1932.  \nBox 246 How to get a place on Easy Street,by lary B.Mullett,in collaboration with Milt,on W.Harrison…  New York,s.W.Straus &co.,1925·18 p.illus.17 cm.  \n\"Originally printed by McCall's magazine.\"82NY∈D  \nReproductions may not be made without permission trom Columbia University Libraries.              \n## RESTRICTIONS ON USE:\n\nTECHNICAL MICROFORM DATA  \nFILM SIZE:            35mmREDUCTION RATIO:            9.:1  \nIIB  \nIB  \nIMAGE PLACEMENT:IA  \nDATE FILMED:                    5-7-97INITIALS:          极  \n        238So              \n## TRACKING\\#:\n\nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \n308  \nBo×24  \n## EASY STREET\n\nMARY B.MULLETT  \n| How to Get a Place on  \u003Cbr>EASY STREET  \u003Cbr>MARY B.MULLETT  \u003Cbr>in collaboration wirb  \u003Cbr>MILTON W.HARRISON  \u003Cbr>Exeeutive Vic-President  \u003Cbr>THB NATIONAL ASSOCIATION  \u003Cbr>OF MUTUAL SAVINGS BANKS  \u003Cbr>爱  \u003Cbr>Originally prinrad by McCalls Magaine,and now,  \u003Cbr>with tbeir permission,republisbed by  \u003Cbr>S.W.STRAUS &CO.  \u003Cbr>INVESTMENT BONDS  \u003Cbr>NEW YORK-SAN FRANCISCO -CHICAGO  \u003Cbr>I925   |  |\n| --- | --- |\n\nCopright,igis,by S.W.Scrxus &Co.,Inc.  \nPriased in U.5.A.  \n3工  \n4① 1℃b112a ee①  \nEASY STREET  \nWB AMERICANs have our faults;butthere are some things of which we canbe mighty proud.Let me tell you,forinstance,of one thing that has happenedduring the past few years.When Ilearned of it,it almost took my breathaway.  \nWe are used to being called“therichest people in the world;\"but didyou know that we are becoming thethriftiest?  \nIn I919 there were almost I8 millionsavings accounts in the banks of thiscountry.That was fine—but just waita minute!Within the next five years—only five years,mind you—the number ofthose accounts more than doubled!InJuly,I924,there were almost 39 millionsavings depositors in our banks.  \nDuring those five years,the amount ofmoney in these depcsits increased fromabout I2 billions to almost 2r billions ofdollars!If that doesn't give you a thrillof pride,there is something wrong some-where,and I think the trouble must bewith you.  \nIf you yourself are one of those millionsof depositors,I congratulate you on onescore.You have taken the first stepalong the road to comfort and indepen-  \ndence.You have at least learned to save.But I wonder if you have taken thenext step.Have you learned to let yoursavings grow?Do you know how fastthey will grow if you simply let themalone?Do you realize that if you saveonly a few dollars a week and allowthese savings to accumulate at interest,you need not fear poverty in your oldage?You will have a small fortune then.  \nIf you invest your money at six percent.and reinvest the interest you re-ceive from it,your money will doublein about twelve years.If,in the mean-time,you save more money,invest thatand allow it to accumulate,you can snapyour fingers at the poorhouse.Youwon't be going there but to Easy Streetinstead.  \nHowever,a good many people lack thenecessary courage,confidence and energyto find good ways of investing theirmoney.They think it is easier and saferto put it into a savings bank.Since thereare almost 39 million depositors in thesebanks,this must be a pretty general idea.Let's see whether it is a good idea.  \nAmong the letters which have comefrom McCall readers,in response to thesearticles about saving and investing money,was one from a woman in a Northwesternstate.She said that she had put hermoney into a savings bank and that thebank failed.  She lost all she had de-posited there.  \nThe failure of a savings bank is atragic thing.If you ever have seen athrong of men,women and even children,  \nbesieging the closed doors of a bank wherethey have deposited their precious sav-ings,you know that it is a sight never tobe forgotten.Fortunately it is a rareone,for bank failures are infr","cbCaisn0YvVvoHCv","https://ap.wps.com/l/cbCaisn0YvVvoHCv","pdf",567453,15,"English","# How to Get a Place on Easy Street\n## Thrift and growing savings\n## Investing vs. saving banks\n## Risks of bank failures\n## Mutual savings banks vs. other banks\n## How to evaluate a bank","[{\"question\":\"What does the text say about Americans becoming more thrifty?\",\"answer\":\"It states that Americans are becoming the “thriftiest” by highlighting a sharp rise in savings accounts and savings depositors during the early 1920s.\"},{\"question\":\"How does the document describe the benefits of letting savings grow?\",\"answer\":\"It argues that savings can grow quickly with interest, and that investing (with reinvested interest) can help money double over about twelve years.\"},{\"question\":\"What caution does the text give about savings banks?\",\"answer\":\"It warns not all savings banks operate the same way, explains that mutual savings banks have strict safeguards and few failures, and urges readers to investigate a bank’s management and financial reports before depositing money.\"}]","How to get a place on Easy Street | PDF",1789963710,38]