The book Savings And Savings Institutions was written by author James Henry Hamilton Here you can read free online of Savings And Savings Institutions book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Savings And Savings Institutions a good or bad book?
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A remedy for this forms a part of what has come to be known as the Dayton Plan, which consists in the abandonment of the general series plan and the adoption in its stead of a form of individual series. That is, a person may join the association at any time during the year, and his stock will begin to mature and to earn dividends from that date. Another feature of the original scheme, which is still generally in vogue, is the plan of periodical payment of dues, accompanied by the imposition of ...fines for deUnquencies. This provision is calculated to keep the mem- ber alert to his obligations to the association and to cause him to guard carefully the amount of his wages designed for this use un- til they have been deposited. This is the most effective inducement to regularity and method 142 SAVINGS INSTITUTIONS in saving. The Dayton system has aban- doned this provision and allows each member the benefit of whatever his payments actually earn. ^ But this seems to be an abandonment of the most essential building society princi- ple.
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