The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1890-04-04
SCHOOL SAVINGS BANKS.
Tho Success Attending the Adoption c
the System I'm Many Localities


the System In Many Localities
The following extracts are taken
from a paper by j. IL Thiry, recently
read before the American Social
Science Association:
"A monograph on School Savings
Banks in America will be read for the
first time before the Universal Con-
gress of Provident Institutions. now
in session in Paris, and it is expected
that from the transactions of that Con-
gress, it's influence will be felt through
out the educational world.
There are sixty schools in seven
different States that have the system
in operation. About $5s. 600 have
been collected from nearly 8, 700 pupils
through the aid of $50 devoted teach
ers.
The spark kindled five years ago
in one school of Long Island City. n.
Y, maintains its vitality, and it is ex-
pected that during the next school
term the school banks will so extend
as TO reach at least fifty more schools
in the different States of our Republic
The system has received the sane
ton of our National Bureau of Educa-
ton, of our State Superintendent of
Public instruction, Hon. A 5. Draper.
and of the Superintendent of the New
York State Banking Department, Hon
+ Willis S. Paine.
"a bill has been introduced into the
Legislature OF New York providing
for. the organization OF School Savings
Banks.
The School Savings Banks, having
already passed the period of proba-
ton, are now favorably received in
many of the American schools, and
viii prove a most effective weapon in
the hands of our young people with
which to fight the battle OF life on
leaving school
in introducing School Savings
Banks in a few schools of our country,
the system has had, ike any new idea,
much to contend with. The persons
who so Constantly express themselves
against the plan, for some reason or
other. and who are so keen about the
possible danger of avarice to the
children through these banks are
slow, indeed. TO see the mischief done
to many of our children by squander-
ing all their pocket pennies for
cigarettes, candy, chewing-gum and
the like. II is vet to be shown that
self-restraint, prudence, foresight. as
commended by our teachers, are
Synonymous with selfishness, avarice
and meanness. Is not the habit Of
spending wisely moral outgrowth Of
saving.
Every one has read or heard Of the
JOhnstown disaster in Pennsylvania.
Thevery next morning after has disas-
ter the majority of the scho ~ ~ Long
Island City, on entering ra-nr class
rooms, manifested to their teachers
the good intention of contributing
their mite from their pennies 10 the
School Bank towards alleviating the
sufTerings of their little brother and
sister scholars at Johustown who had
lost their parents and home. The
idea was received with acclamation by
the teachers, the city school superin-
tendent and the Board of Education.
and on June 10, at the opening of the
school session, out Of the 4. 05O pupils.
2.272 stepped up to the desks of their
teachers with their offerings. The
sums thus collected amounted to
S452.37, which was immediately sent
to the relief committee.
George May Powell, president of
the Arbitration Council, considers this
a movement of vast Importance to
American labor and capital He is
issuing millions of tract pages on the
subject and scattering them among the
masses.