The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-04-07
Especial Correspondence.I

$4,000 on Deposit-The Stamp Savings
system-where 1t Originated.
Especial Correspondence.l
LONG ISLAND CITY, n. Y, Feb. "a
!. II. Thirty, a member Of the board Of
education of Long Island City, is the ia
Lher Of the system of school savings
banks which has extended now all over
The United States At the time Of the
Last annual report, which was the tenth
anniversary of the system, the school
saving banks had been introduced in 300
schools of 90 cities of 2 states in Amer
lea, and the scholars of those schools had
deposited 1924, $50. SO and withdrawn
t2OS. S27. 81, leaving $12O, 837. 81 still
ON deposit. Hitherto its adoption has
been in the smaller cities chiefly, but
Mr. Thirty tells me he has hopes that it
will find footing in some of the larger
cities soon. lin Cleveland the question
is nearly settled, said Mr.. Thirty, land
n New York city the question of intro
ducing the stamp savings system Of the
Charity Organization society among the
children Of the public schools is in the
hands of committee of which Hon.
Abram S. Hewitt, ex-mayOr of New
York, is one
Mr.. Thlry's system was suggested by
the systems adopted abroad, but it has
many features all it's own features
which he has worked cat with much
care. The school savings bank origi-
mated in France, where A. &. De Malarce
was the founder of the system. 1t has
had steady growth in that country. and
the depOsitors now exceed 500, 900. Bel
GUM, Germany, Denmark, all have
school savings banks, and a good start
toward their establishment has been
made in England through the efforts of
Miss Agnes Lambert, the daughter of
Sir John Lambert. The postal savings
bank is the depository of small savings
in England, though, and it is constant
obstacle to the extension of the school
savings bank.
The scheme of the school savings
bank is very simple. The children are
encouraged not TO ask money from their
parents TO put in the bank, but TO save
their spending money or earn what
small amounts they can out of school
hours. Whatever they have saved they
take to the school on Monday nJruiug,
and as soon as the classes are called to-
gether on that day the teacher calls the
roll of the scholars, and each one who
has deposit TO make answers, Yes, 3
cents, - or, Eyes, 1 cent or whatever
the deposit may be, carrying the money
TO the teachers desk. The teacher enters
the amount opposite the name of the
child on long deposit slip and at the
same time enters it III the regular roll
book of the school Thus the callings of
the roll for attendance and for deposits
are made one. When the deposits have
been made, the teacher foots the column
on the deposit slip, counts the money on
her table, and if the amounts agree puts
the money III a sealed envelope and
sends it TO the principal. The deposit
slip has four columns, and it is kept by
the teacher until the end of the month,
when it is sent to the principal Until
the deposit of scholar has reached 80
cents it is kept to the credit of gen
sral fund" After it reaches 80 cents it
is kept in the name of the scholar.
When the deposit of any scholar reaches
81, the bank where the fund is kept
zone of the regular city banks) issues "a
passbook to the scholar. Meantime the
teacher enters the amount of each de-
posit on d folded card, on which is
entered the name of the deposition and
the name of the teacher. This card is I
given TO the pupil
When the principal receives the week
ly collections frOm the teachers, he
makes up a deposit which he sends TO
the bank with the general handbook,
which is his receipt from the bank for
the money. Although he makes the de- /
posits, he cannot withdraw any of them /
without a check signed by the depos- /
itor and the .depositor's parents or
guardians. the principal keeps account /
on printed form of the amount sent in
for deposit By each teacher.
The bank which does the school bust
ness charges nothing for its service If
the deposit of a scholar reaches So, and /
deposits Of 90 or more bear interest !
quarterly If the scholar does not deposit /
as much as % and wants TO withdraw
the money, charge of 10 cents is made
for the handbook. All bankbooks are
kept by the principal while the scholars
are attending school, but they are per-
mitted TO take them home on Fridays.
The book is given TO them if they leave
school. and during vacation all Of the
books are given to the scholars, and the
bank cashier acts in place of the school
officials in approving Withdrawals
These Withdrawals are made by special
check, which says, Pay -, his par
ents or guardians, -- dollars and
charge to account of book No. =" This
;heok is signed by the principal and by
he depositor and is paid only ON the or
Ter of the depositOr's parents or guar
lians- If child wants TO make a with
travail without going 70 the bank, he
IAN bring check properly signed to the
school ON deposit day Monday, and he
Will receive the amount from the teach
II out Of the deposits made that day.
The system seems complex, but it has