Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1890-01-15
SAVING PUPILS PENNIES.
The Excellent School Savings Bank System
I'm Long Island City,

The Excellent School Savings Bank System
I'm Long Island City,
All the school children OF Long Island
City have an excellent opportunity of
putting into practice the old axiom that
ECONOMY is wealth." Three or four
years ago the banking system was in
reduced into the various public schools
, in that city. Collections are made
every Monday morning, and those pu-
pills who are saving and careful of their
money find great pleasure in responding
to the question, "How much have you
got@' Each pupil is furnished with a
neatly printed card on which the de-
posits are credited. Thesecards are high
ly treasured. They bear these in
scriptions: Good principles and good
habits are in themselves fortune"
''The habit Of saving is an essential
part of true practical education" On
the last page are these notices: "Take
care Of the pennies and tho dollars will
take care of themselves" The masses
know how to earn better than how to
save"
When the school opens on Monday
morning the teacher takes out the roll
DOOA dilki ho ouc ChllS llc HdlHtS, Iut pu-
pills call out the amounts of money they
want to deposit, each in turn stepping
! up to the desk with the money and
records the amount on the card and in
her own book. After the collection each
teacher delivers the money to the prin-
cipal, who deposits it the same day in
the Long Island City Savings Bank in
the name of each depositor. One cent
+ or upward can be received by the teach
er. When the pupil has deposit of one
dollar or more bank book will be given
free of charge from the bank. The pu-
pills are requested not to withdraw de-
posits until the amount reaches So, ex-
lcept in cases of sickness or removal
from the city; but il the deposit should
be Withdrawn and the amount has been
less than So, the bank will charge ten
cents for the bank book. Deposits of 81
and over bear interest. The bank books
I of the pupils are kept by the principal
I as long as the children attend school.
If they want to leave the school or at
vacation the book is given to them and
A they can withdraw their money, but
4 they will require the presence of their
! father or mother and the signature of
tho principal. During the summer va
cation of the school deposits may be
Y made or money withdrawn from the
II bank direct the cashier acting during
A that time for the teacher.
Only about ten minutes time is con.
sumed in making up the collections In
each school, 30 that it can not be object
ed that it materially interferes with the
regular work of the public school, This
ten minutes each Monday morning has
more excitement in it for the children
than the events of all tho rest of the
week put together. Their eyes sparkle
land their faces glow with excitement.
Five cents is the average deposit, and
the pupil who has more than that
amount announces it in voice that
Iplainly denotes satisfaction. The lad
who deposits half dollar or possibly a
4 dollar Is regarded with admiration by
hiN fellow pupils, who took upon him as
La future millionaire. As the amount
grows the boys and girls become more
A eager to save Many have some specific
object in view. Although the girls out
number the boys rs depositors the latter
have tho largest amount to their credit.
1t is in the primary and intermediate
grades that the largest collections arc
made. The higher the grade of school
tho fewer the depositors. brooklyn
Eagle.