Automatic Banking System – National Prosperity Association

Automatic Banking System – National Prosperity Association (circa 1920s). Joseph J. Schermack (my great-great uncle) invented a savings system which allowed depositors to purchase stamps for small amounts, paste them in books, and receive credit in their bank account once the book was full. A primary target market was schools, to encourage saving by young people. #familyhistory #detroit #detroithistory #schermackcompanies #schermackgenealogy #stampvendingmachine #stampcollection #stampcollector #genealogy #falknerjarrell #vending #vendingmachines #schermack #josephjschermack #familyphotos #ancestry #history #family #genealogia #familyarchives #oldphotograph #savinghistory #findingroots #genealogyphoto #patent #inventor #inventions #oldpatent #savingsaccount #bankaccount