One of our frequent bloggers, Long Beard, recently wrote a fascinating blog about the Dime Savings Books issued by banks in days gone by. The whole idea was for someone, usually a child, to fill the savings books with dimes until there was a sufficient amount saved to warrant a trip to the bank for deposit into a savings account. deposit. The example I purchased after reading Long Beard's blog is from the Catskill Savings Bank, Catskill N.Y. Catskill NY is a small town along the Hudson River in Upstate New York which touts itself as the Gateway to the Catskills (mountains). If you watched the movie Dirty Dancing, you will know it was set in one of the many resorts that attracted New York City residents to the mountains during the horrible summer dog days when A/C was rare in a household and sweat was your summer companion.
I had hoped the Catskill Bank was still a viable entity but found that after a run of 130 years, Catskill Savings Bank was forced to merge with Troy Savings Bank. Troy Savings Bank was forced into its own merger in 2004; they were 181 years old at the time of this merger with First Niagara Bank. First Niagara Bank was 146 years old itself when it merged with Key Bank in 2016. Key Bank, whose origins are in Cleveland OH, is a major bank that has branches all over the Northeast and is currently solvent. But given the impending economic devastation of CoronaChan, who knows.
My Catskill Savings Bank book came with $3 worth of dimes already inserted in its slots. I had hoped to remove these clad dimes and place silver Jefferson and Mercury dismes but I'm afraid the pockets might be too delicate and might tear if I tried to remove a dime and place another. So, it will remain $3 worth of modern dimes for the future savings account of time traveling Little Mokie. Thanks to Long Beard for taking me down a road of remarkably interesting research, that's what we do for each other here. If you want to enjoy a long snooze near Rip Van Winkle's favorite tree, visit this link to the charming village of Catskill NY: