The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1890-05-15
school Savings Banks.
ISarah Louis Oberholtzer, in Phreno-
logical Journal.

logical Journal
The subject of the general introduc-
ton of School Savings Banks into the
public schools of the United States is
being discussed by the thoughtful in
various localities. That the system
has refornatory and economic advant-
ages 10 philanthropic mind can ignore.
The Saving School System has been
in use in Europe since 1894, and is un-
der the fostering care of the govern
ments in France, England, Austria,
Germany Belgium, and Italy. They
have found it satisfactory and advan-
tageous.
American growth and development
has been unexampled during the past
century. Our 'country is so big" as
an Engiishman in London lately said
apologetically to me after introducing
Mr. Morris, Of sydney, as gentleman
from my city, $50 big we get the cities
confused" We acknowledge the size,
and though we do not cover Australia,
We are big"
instruction In the daily use, growth,
and decay Of money, inaslnuch as it is
the one acknowledged medium OF
earthly trade, is mans primal want.
The alphabet introduces US to the
world Of letters and proper economy Of
penuies should acquaint US Nth the
figures whereby we could early solve
the problem of our bodily needs.
Parents in some cases are ably to ad-
minister this practical instruction. Ap-
portion your child at birth any given
sam, even SO, if you are poor. Put it
on compound interest for him. When
he is able to reason, show him the
note for it, and teach him the laws OF
earning and accumulation. Keep this
economic training Of your child IN
view, ard when he reaches manhood,
with your aid, he will have nice little
income, bond or mortgage, and what
is more valuable, practical, indepen-
dent ideas Of nluney and moneys
worth. Girls needs this nucleus and
training even more than boys, as Gus
tom makes their opportunities for earn
ing in after life less, while their de-
mands are equal. Individual educa-
tors MAY exercise like care. The Saw
ings Bank System has been in success
fdl operation in the Indian Industrial
School at Carlisle, Pa, since 1880.
Capt. Il. II. Pratt said be could not
teach the Indians the Use of money
without having it, 50, he instituted
system OF paying the students small
amounts for their works and taught
them to husband it, until they have
large bank accounts: having now to
their credit $500.
To reach the greatest number and ac-
complish general good We must enter
the public schools. Mr.. J. H, King, a
French educator and ex-school COM
sioner of Long Island City, n. y, has
devoted time and thought to the ac-
commodation of the best features Of
foreign Saving School Systems to our
Use. His plan as perfected is simple,
practical, and excellent.
Sixty schools in seven different
States and territories are now using 1t
with expressed satisfaction. S5S,0O0
have been collected and stand to the
credit of 800 pupils. Other school
authorities are falling into line. The
subject has been agitated by educators
in Eastern Pennsylvania, and the sys-
tenn will be adopted in several districts
this seeSOn.
The care Of administration is COM
paratively light. The children bring
their pennies on Monday morning on
", and in answering to roll-call, take
the money to their teacher, who cred
its it on the deposit slip which the
pupil holds. Each child is provided
with bank book when he mas accuul-
uiated 80 cents, aud is an interest re-
ceiver when he has S.. The money is
kept in a regular Savings Bank.
The teacher has no power to with
draw or manipulate amounts, the
child having in little time the bank
ing rights OF an adult depositor.
Instructors have ample opportunity
while collecting the pupils savings to
inculcate lessons Of thrift and encour-
age generosity, which is often the out
growth of economy.
Much of the money now wasted Oh
sweetmeats, cigarettes, and other need
is and hurtful indulgences, will be
put to better use, and we shall!have in
time purer, wiser, happier, and more
prOvident nation.