The savings bank provides a safe place for the care of such
deposits, and it pays such rates of interest on such deposits as
are warranted by the earnings of its investments after paying the
expenses incident to the proper conduct of its officers.

When a savings bank receives authorization to act, through a
charter from the state, the organizers choose a board of directors
and the proper officers.

Usually the officers occupying positions of trust and
responsibility are required to give bonds for the proper discharge
of their duties.

HOW BUSINESS IS CONDUCTED

With all the legal conditions complied with, and a suitable office
provided, the savings bank is ready for business.

Some savings banks will receive on deposit any sum from five cents
to five thousand dollars.

Other banks will not receive less than one dollar at a time, nor
more than a thousand.

We have heard of "penny savings banks," but they are rarely
chartered, and are organized, only to encourage thrift among
children.

Fractional parts of a dollar are not usually reckoned as drawing
interest.