Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1891-04-03
THE HOME CoRNER
Money Matters.
EDITED ny s.Nu

oA''hs~ ihe ooIect Is 10 train
the children IN prudence and ..
correct the pernicious habit Of II.
ha'ty exchange Of odd pennies r.,
heap toys or cheaper cardy. r..
pennies are brought to the tc,cb,.
who gives each child a card, punclsj /
20 represent his deposit. These sum,
at stated times, are placed in II.
savings bank aud the child is fun.
lshed with 4 bank book. In Go
simple way hundreds of dollar,
are put at interest instead of con,
for small favors of slight value q,
positive harm.
In New England town, year !
ago, DIR. NJ. one day called grouy |
Of marble playing boys into lis ofc, |
for talk. He explained the prir.
ciple of the savings bank, and avail.
cned their interest. The doctor
acted as treasurer, holding each
ones pennies, fve-cent pieces and
dimes until dollar was saved. TIN,
he deposited and gave the boy hi,
bank book. Today, more than one
Young man traces to the effort &
this gray haired man, the first
klndIing of 4 desire for a reserve
fund against a day of need.
The rapid multiplication of "En.
dowment" societies, "Relief" broth.
erloods and other leagues of the life
insurance type indicates that for
some reason, the savings bank is no.
the important factor in the rar
day fund which once it was. III,
promise of great returns for smsl
deposits raises a doubt in an 40,
when men do not carry on bushes.
without due compensation. A man
in reply to the question, "Why DO
you put your monthly instalmeus
into such society instead of into
savings bank" SAID, "If had
money in bank and bank bookat
hand, some day should want ready
money. could not resist drawing
1t out. On the other hand, in these
societies, if the instalments are not
paid, all ia lost" Is there not in
the answer an element of weakness?
II from childhood one is trained 10
self control, surely he could resist
spending the money for self graft
cation. Again, if time came when
it were really more desirable, as.
business investment, to use a part Of
the money, it could be withdraw
without the necessity Of an undo.
takers certificate or even the la~
of years.
Thoughtful parents are training
their children in the use Of money
by giving them weekly allowances
to meet certain wants of daily life
Five cents week to the little ones
to cover their small Injuries and
Christmas giving will incite to care.
full spending, when once they have
tasted the sweets OF giving what is
peculiarly their own. Sometimes
the sum must needs be even less.
But many family Of sincere CcOno'
my spend for child more than two
and half dollars yearly, and The
child has gained neither the habit
Of saving nor the pleasure of giving
AT ten, a child may be taught to
keep a cash account and at fifteen
entrusted with an allowance suf'
cient to buy some part or the whole
of his wardrobe. OF course, the
parent advises. But the money
passes through the child's hands and
he early learns some of the expenses
Of living. Inculcatc the secret Of
financial success: To spend each year
4 little less than the income. Teach
systematic giving to church support
and help to the needy.
In large families an allowance
wages, if you Mcknight be gwen
for doing a certain part of the work.
the child to be responsible that this
thing is done daily. Nor need It
follow that a child "must be hired
to do everything. If such a result
follows, it is the parents fault
Because the father works at his
machine for two dollars a day, no
one expects he must be paid for the
thousand small help. granted to
neighbor, to church, or to the com
munity. A child's mind is quick %
perceive a truth when explained,
although he may be quite unable 10
follow the line Of reasoning.
In the Tallyrand memoirs an
interesting story Of Benedict Arnold
is found. Tailyrand meets TIM,
atrannor on Apar;can in Enuland