|Mobil MARKETER, Spring 1960
A Magazine for Employees of New England Division
ATTRACTS LOTS OF LOANS,
HIGH INTEREST RATE;
BANKING'S A CINCH FOR THIS HOBBYIST
Hubert B. (Bert) Whiting has
an interest in banks — hundreds of them.
But his interest isn't the financial kind. It's a
hobby. The division operating manager collects miniature mechanical and
still banks, and today has 350 of them on display in his home.
Bert got started as a collector about eight years ago
when he began acquiring the banks during travels through New England. He
visited antique dealers and corresponded with other collectors.
The miniature penny-pinchers are made of cast iron, and
most of them were manufactured in New England around 1890-1900. They were
originally designed to encourage thrift, and were given away as magazine
premiums or sold at hardware and toy stores for 50 or 75 cents apiece. "Of
course," says Bert, "they are worth many times those amounts today."
Many of the banks were designed to commemorate
historical events, and some have ingenious contrivances for inserting coins.
One has a hunter who fires a penny at a bear in a tree. The bear always
comes back for more, but the penny stays in the tree.
Bert has displayed his collection at several antique
shows, and is a charter member of the American Mechanical Bank Collectors