USRE17284E - Michael s - Google Patents

Description

M. S. GLEASON April 23, 1929. .COIN SAVINGSBANK Re. 17,284

. 5 Sh t She t Original Filed Sept; 26, 1924 S I v IINVENTOR 7+4 J j/faegd 7 ya, 3+ a 5 ATTORNEY 1 M. S. GLEASON COIN SAVINGS BANK A ril 23, 192.9. I Re. 17,284 f Original Filed Sept. 26, 1924, 3 sheets-she V M. s. GLEASON COIN SAUNQSVBANK.

3 si l eets sheet 3 April 23, 1929. 7

Original File d SePtIZB, 1924 Reissued 23, 192 9.

A '5 Re, 17,284 T s PATENT F c MICHAEL s. eLnAsoN, or'lvnw YORK, n. Y.

COIN-SAVIHGS BANK.

Original u 1,601,170, datedSeptemberfiB, 1926, Serial u 740,014,,a1d September 26, 1924; A 1 tion for reissue filedApril 13, 1928. Serial No. 2623,8448.

My improvements relate to toy savings banks, so called,i. e. .to devices' designed primarily for the use of children, for the rece tion and stora e of coins tem oraril or, otherwise; my main object being to providea device of the character described. to f cause an interest coin to be automatically delivered,- on depositing acoin of prescribed larger denomination; and a supplemental object being to aflord a simple but practical operative"contrivance of this character for the COIIVGlllGIll'J storage of savings m a pr1-' I mary compartmentuntil a sufficientamount is attained, andthen theautomatic delivery to the 'depositor of an interest coin or token of relatively small, value when a prescribed coin of larger denomination, representing the equivalent of the primary "collection, is

deposited in the main compartment of; the

bank, in which the deposits'thus eflected are inaccessible until released by-t he unlocking of a closure provided forthe purpose,-

l the anticipationof the interest coin thus provided'for being intended to incite curiosity, stimulate attention, and. act as an incentive to thrift and economy, at the same time aifording amusement and entertaing merit to all concerned. By my inventiomit i I is .contemplated that wherever the term coin is used herein, legaltenjder is meant. j Sincethe device herein.)contemplated is a bank, the depositoi receives primarily an interest coin'on inserting a deposit coin. If,

however, other objects be delivered to the depositor, in lieuof an interest coin, which do not, assuch, have a pecuniary valueto the depositor, as for. example, deposit or records1ips,the fundamentalnharaeter of the invention as abank, and of the nature of the I depositor'.

delivery, including theinterest min as a sole return of value to the depositor, isnot modiitflwill be understood that byvalue is meant that maybe equivalent thereof to the Tothis end the inventionfconsists.in the specific;construction, combination and ar- 3 rangement of-parts and appurtenances described and (claimed, whereby these and other desirable results are attained ,distinctive features'being the simulation, ,inso 'far as is possible mechanically, of the conditions incidentali toi the; functionsof an ordinary savings bank the means providedv for I pre.

upon plane of line 3 3, "Fig. 2;

In the claims hereinafter following,

venting surreptitious manipiilation; the automatic release of theinterest coin when the prescribed, deposit is made, etc, all as hereinafter fully set forth.

In the accompanying drawings I illuscommodity in the form of a portable coin although I do not limit myselfto the identical'form and construction of parts andappurtenances herein shown by way of exemplification, s nce changes in minor details may be made and equivalent mechanical expedients resorted to, with like results, and without departing from the spirit and in-. tent of my invention. i

' With this. understanding I N Fig. 1 is a front elevation'of my portable toy. coin saving bank, considered as a unit; Fig. 2 is'a'horizontal sectional elevation taken-upon plane of line 2-2, Figs. l and 5; Fig. '3 is a vertical sectional elevation taken F ig; 4 is a t 'op viewof the bank, broken away ,in part, to show interior mechanism; Fig. 5is a frontelevation, broken away inv part for a' like reason Fig. 6 is a verticalsectiona-l elevation taken upon plane of line 6-,- 6, Fig. 4;

, Fig. 7 is avertical section takenuponplane of line 7+7, Fig. 4;

view of the main compart- Fig. 'S'is a top mentof myinterest-payingtoy bank, illustrating in dotted lines the automatic release of the closure, which, when opened, gives a'c savingdevi'ce of the character designated,

cess to the reservoir forthe interest coins;

Fig. 9 isa horizontal sectional detail taken upon plane ofline 9--9, Fig. 5;

Fig; 10is a sectional detail taken upon planeof'line 10-10, Fig. 8;

Fig; 11 is atop view ofthe coin-actuated Fig. 12isa sideel'evation thereof; ,v

Fig". '13 is a diagr'ain illustrating the action of the deposit coinjin tripping the door latch, and being held thereby until dropped by the opening of the door;

orv primary compartment of'my coin; saving lnst tution, considering thelatter in a unitary I I p e 105. A, is what may be defined as an auxiliary j 40 horizontal? with its, inner extremity 'raised'. "feedin through t is t i 50 the level of thehasp shoulder cl, but the pre-j in thee-0111' I 13'. of the drawings.

and in wliicli the savings arefstoi ,(lsubjeeFder Z to positively tilt the l at ch lever L, to removal as hereinafter set forth. The pristill further, and sufliciently to release the mary compartment A, is designed and p-ro deposit coin C, and allow it to drop through vided for the temporaryholtlingbFloosethe ape1'ture'b ,in the horizontal partition 5 coins until they aggregate an amount, equivb and into the lower chamber or subdivision alent to the denomination of coinsilitablefor bfi at t'he bottom of the main bank compartdeposit in the main bank compartment B, ment B, which chamber 6", constitutes the when they areeichanged'.for'said depositv 'saft'e f )rthe'storage of the'deposit'coin 0.

coin, which is theninsertedinthe receiving "Rigidly attached to and mounted upon the IQ slot 6 in the upper part ofsaid compartment. door D, are semi-circular tractoryplatesl, T, B, resulting in the releaseof an interest coin. concentric with the hinge (if, of the said or token as a eciptforithe deposit. enee door I), as willbe seen' bv'rference more the primary saving, compartment befpartienlarly to Figs. 2, a'nd 9, of tl1e"dra\v-' plain structure, simply ijv -dvi 'dgdfwi'tl1 a ings. 'The inner extrelnity'of the tractor bi i' i l t iand a door a, of sin plate '1, whichforconvenience: may 'be desilar closure, preferably iinlolsked that 210- g fifii i thel'fitist"ileliwif p ate, 1535111)- cess maybe readily had to the contents of, ported'bet sveen fixed",uidefivaysi, and in j the compartment for ins pection, stuntin likeinannerjtherear'portion"of-the tractor etc. V, I "plates '1, \vhi'ch may bedesip'ii'a'ted as the tally deposit coin C, jot prescribed size and "plate, is su 'aported beti'v'en fixed'g'uide ways' jdenoniinatfion, inserted through the slot 7), iorflaipges hjg s "tl1'ateae11" f'the said tracdescends throiigh a curved channel Z), and" t'o rf plates ,fl, while controll'ecl' and actueontacts yvith'the short arni Z fof the latchq ated through'the 'medium"of'the'door D, is ,lever Lft'ulcrumed at 6?, and the longarm Z, independently and slitlably' supported in .of which lever L, fis forined with the latch prcper a'lignn'ient. I shoulder F, for engaglnent with ahasp'shoulrtiop oi t'he'tracmr or interest The rear-'1 der, (5, afiix ed to? the innerisideof m ager D, 't llivery'plate I, fwheirretrae'ted by theolowhich latter is hingedto tlre frontpva ll of 'su 're ofthe' door 'Dfrests' onthe h'orizontal the main banhpon partment B, as indicated partition b ,-ot the main"compartment] B,

pnore particularly in" Figs 6, 7, 11am 12,iyvliichpartition b gga e supports thestation V The preponderance of weight of the long tolienskfof *elatively small sizeand'va'lue as 1" arm Z,,of the lateh lever na with, maimed with the'd'epo'sitlioin C, are stored the short arm) l, thereofltends oonsta ntlytountil 'c1e1ive1prrin'succession by theopening hold the lateh shoulder Z ,'in, contactual en of'the door D t effecHthei'el'ease-of a de- ,gagem'ent with the said ha spshoulder cZ, on posit coin C, I 1'o1n'the' 'low'e end of ,the'f're the d oor D as shown in solid lines :(po sitionl"'oeiiiing channelbi'as li'ereni eforeset forth.

' 1) in 12. ,In this normal "position the The deliveryot' the interest (in 71;, is attained latch lever L is inclined slightly from the bym'eans 'ofth "wal jofanbfbfiing'i? 'eX-.

' I v actor plate I, (set and projecting"slightly into the lower porures 'a' nd winch'eent pocket or opening ,tion of, the "channel bgjand within thefpath ,2' when the door D, isfclosed, oiiieides' with of the edge of a deposit coin C, descending,theniterior ivalls of the' interest coluinii' tube therethrough the size"and weight ,of said barber-01mm o'f'inte'rest'coins mes n' i i'orco'in being such that oncdntacting with said "many on thelioi'izonta'l fioor o'rpartition'b inner end ofthe latchilever L, it will trip the ,jasfin'dicated' more particularly in Fig.' 5, of latter into a sutgstantially,horizontal position the draivings. *Hence', obviously, \vh'enthe as indicated bythedo'tted lines 2 in Fig. 12,,d0 or D, isopened, drawing the tractor plate thereby "raising the latch, shoulder Z above: I,",out\ va'rd, 'the'lbwes't coin ,"01 the c olumn her tube 6, willbe withdrawn .ponderance of ve ght-of the long arm Z, ot tllQlGllOlhl and depos ted n the delivery secthe latch lever Lybeing such that, while it tron b ,otth'e mam bank eompartn'ient l3, and

ible for removal therefrom when permits this prelil'ninary tripping ofi he lever 1 will be atjces thereof 15 opened,the extent L, by the coin, it still predominates suflieientlhe door D,

of theohannel bQ a-nd against,the upper wall in, this respect by. a stop'i on the inner end 1 thereof and between itand theinner extr eni- 'fof the tractor plate I, contacting with a staof said short-arm Z,, 0f]the trip lever L, ftionziry parties for instance, the ba se'olfthe as indiated niore jarticula-rly in' Figs. 6 to coluiniiftube I), as int in Fig, 2,101 by v any equivalent mecliani'c ale gzp'dient for lim- Under t hese conditionsthe door D, being, ing the; advance thrust of] said tractor unlatched, may be opened by means of its plate l. p i v r D'uring'the outwar'diiioven'ient of'the tracrtlfthej column of inhandled, whichactcau sesthe lateral cam H i surface d of the-hasp'shoulder d, (acting -torplate-I,above'set "o I onthe latei'al eii t nsion l ofth'elatcli sli'o'ul terest coins It, injthe'liolder Z2 ,restsupon the Cry i said shaft 5, having rigidly mounted on its lower portion a ratchet wheel a, for engagement with the springpawl t, mounted on the plate isreturnedtoits normal positionby the Iclosing of the door 1), the lower coin in the column descends automatically into the open= ing or pocket 2' ready for delivery on the reopening of the door.

The function oft number of interest coins, 70, that have been abstracted from the reservoir tube 7),--and the amount deposited in the compartment 6 inner end of the plate T, and by which said shaft S, is actuated interiiiittingly, or in other words, i'otatively advanced a prescribed de- ,gree each time the door D, is opened as and for the purpose, hereinbefore set forth.

A cam 5 on the indicator wheel sat the completion of each rotation of the latter, actu-r ates a spring latch e, to release a door I)", on the top of the compartment B, thereby giving access to the interest coin tube 6 for the purpose of replenishing the supply of said coins in, and also affording meansfor theremovat of the depositecoinC, when desirable.

child the coin representing the financial re My ,interestiiayingbank is designed to convey to youth the fundamental idea of the earning power of money through the means of mechanism which actually delivers to the turns on his savings under anarrangement approximating that of commercial banks I wherein there ma be checkin accounts that may, be freely drawn upon, aiicl"savings accounts" that can be drawn upon only periodically but which, as a" recompense, pay interest. i i i t i The full educational value of the ,lIltGlOStpaying bank is obtained by the payment 01' 1 interest only upon a voluntary accumulation of the requisite amount. a The transition from the toy bank idea to the commercial bank ideais thus made easy.

both checking and intcrest-paying7 counts, is that it satisfies the childs demand ac r a: j foi play by embodying the essential elements' ofa game, the effects of which are heightened by the mechanical registration of the amountofthe savings, by the deliveryof Normally, my coin saving bank is supported in a horizontal position, or substantially I he tractor or; tally-plate T, is to-operate the indicator inechanismycon figures (visible successively latch lever- L, assuming the normal position in Figs. 6and 7, of the drawings.

, I claim:

to be actuated bya coin deposited in said receiving channel, a'door held' normally closed by said latch lever, a tractor plate attached to said door andformed; with an interest coin pocket, an interest coin holder, said pocket registering with the interest coin holder, and means for automatically indicating the-number of interest coinsdelivered operated by I said door, substantially in the manner and for the purpose set forth.

, "2. A toy savingsbank of the character des ignated, comprising, in combination, a deposit receiving channel, a latch lever adapted to be actuated by a coin deposited in said-re: ceivin gchannel, a door held normally closed by said latch lever, a tractor. plate attachedto said door and formed with an interest coin pocket, an interest coin holder, said pocket registering with the interest coin holder, and means for automatically indicating the number of inter est coins delivered, consisting of a tractor plate attached to said door and provided with a springpawl, a ratchet wheel actuated by said spring pawl, a shaft in which said ratchet wheel is rigidly mounted, and an indicator wheel also rigidly mounted on said shaft, substantially in the manner and for the purpose set forth.

3. A toy savings bank of the character designated, comprising, in combination, a deposit receiving channel, a latch lever adapted to be actuated by a coin deposit in said re- I ceiving channel, a door held normally closed A further advantage of this provision for by said latch lever, a tractor plate attached to said door and formed with an interest coin pocket, alrinterest coin holder, said pocket registering with the interest coin holder, and I 11 A toy savings banklof the character des-. ignated, comprising, in combination, a ,de-' posit receivingchannel, alatch lever adapted means for automatically indicating the number of interest coins delivered, consisting of a tractor plateattached to said door and provided with a spring pawl, a shaft in which saidratchet wheel is rigidly mounted, and

an indicator wheel also rigidly mounted on said shaft, together with a spring latch and door controlled by said indicator mechanism,

substantially inthe manner andfor the purpose set forth.

4. Inaa toy savings bank, a compartment,

adoonEtherefor,-semi-cireulan tractor plates on said door concentric with' the hingethereof, guides for said tractorplates,=said plates being 'slidable; a partition; against which, one I of said plates rests when retracted,.-an interest column tube supported by saidpartitlOIlyflIlClflllGELllS"fol lllnltlllg the extent of "movement-or said plates, a 00111 operated dey tent-for lockingthe door,one of said plates being provided With, ancaperture vto receive adapted to cooperate therewith, and soarranged that acoin of substantially the maximum diameter admissible through sa d l coin Shh-When held edgewisebetween .sald latch member, and said cooperating lnelnber will ,:hold said latchanember inopen'position but a ,coinofflsnbstantially .srnallerfdiameter: will notholdsaid;latclrmeinben open, an, interest holder adapted to hold coins .butnonlyroft smaller diameter than; will operate-said latch 11181111181, means whereby; one such smaller vcoin may-be withdrawnwhen said'latch member isdnlopcnposition, alock fcrthe' doorto saidpenclosure, arotatableomember adapted to npen said lock, and means. positively operated as\ aIr incident to, Withdrawing thesmaller coin,'--,w vhereby the larger, coin, is caused to :move ontoflcontactwith said latch member pantbsaid rota-table lnember is rotated a part I 0t one turn.

, In testimony K whereof I. aflixmy signature.

MICHAEL s. ,GLEASON.

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