The Mason County journal. [volume] (Shelton, W.T.) 1886-1927, 1890-02-07
Nh.
me excellent school Savings Bank sv.tem
In Long Island Cttv

In Long Island City,
All the school childrenof LONG Island
.ity nave an excellent opportunity of
putting into practice the old axiom that
economy is wealth." Three or fopr
years ago the banking system was in
PRODUCED 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
10 the question, "How much have YOU
got? Each pupil is furnished with a
neatly printed card on which the de-
poslts are credited. These cards are HIGH.
ly treasured. They bear these in.
scriptions; Good principles and good
naolts are In themselves a fortune. :"
Inc habit of saving is an essential
part OF a true practical education" On
the last page are these notices: sTake
care OF the pennies and the 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
DOCK and as she calls the names. the M
pills call out the amounts of money thew
want to deposit, each in turn stepping
ue 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-
clpal, VINO 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 M
pills are requested not to withdraw de-
posts until the amount reaches So. ex-
cept in cases of sickness or removal
from the city; but if 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be withdrawn and the amount has been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
ana over bear interest. The bank books
OF the pupils are kept by the principal
as long as the children attend school
II they want to leave the school or at
vacation the book is given to them and
they can withdraw their money, but
they will require the presence of their
father or mother and the signature of
the principal. During the summer va
catson OF the school deposits may be
made or money Withdrawn from the
bank direct, the cashier acting during
that time for the teacher.
Only about ten minutes time is con-
sumed in making up the collections in
each school, so 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 the rest of the
week put together. Their eyes sparkle
and 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
plainly denotes satisfaction. The lad
who deposits half dollar or possibly a
dollar is regarded with admiration by
his fellow pupils, who look upon him as
future millionaire. AS the amount
grows the boys and girls become more
eager to save. Many have some specific
object in view. Although the girls out
number the boys as depositors the latter
have the largest amount to their credit
1t is in the primary and intermediate
grades that the largest collections are
made. The higher the grade of school
the fewer the depositors. yn
Eagle