Orange County observer. [volume] (Hillsborough, N.C.) 1880-1918, 1899-11-16
SCHOOL SAVINGS BANKS.
sEyENTY.Slx CITIES AND VILLAGES
WHERE PUPILS PRACTICE THRIFT.

crystallized into a settlement that re-
quires a savings bank within the reach
OF every man, woman and child IN the
realm, and that children must be en-
couraged and brought to form habits
CT saving; hence the whole country is
dotted with savings banks. postal
banks aud penny banks. all under the
fostering care of the Government.
nspositors in th., school aud postal
savings banks OF France and Great
! Britain run no risk of losing their
| savings: they know that their money
is safely invested in English consois
| or French reates, and that they can
withdraw it at any time or receive an
interest bearing bond. With similar
| opportunities the children OF this
country would soon save millions Of
! dollars, gain experience aud acquire
| habits Of more ya!nc than tAe money
saved.
In spite OF disadvantages, lack Of
| Information touching the icueits Of
school banks ana want Of facilities
which postal banks afford. through the
persistent, philauthropic efforts Of
Mr.. J. II. Thirty, Of Long Island City,
\. Y, the system has been success
fully inaugurated in this country.
mainly III Pennsylvania, New. York
and New jersey. where mutual savings
banks afford reasonably safe deposi
tories Tor savings On the thirteenth
anniversary OF the introduction OF
school saving hanks III the United
States Mr.. IAlry III his report names
"seventy-siS cities AID villages Of
America where the scholars have de
posted in sohoo! banks through their
teachers $500, 3l9.JS, Withdrawn
| $3.50. COS IS, leaving balance of s17o,-
65102 due the dcnositors to date,
March lG, lS9S.'
Tic scuool savings bank is very
simple affair 4 register. size abou.
three by aye inches. for the teacher,
with page tor each depositor and
cards in envelopes for pupils, make
the outfit. The pages OF the register
and cards are Of the same size and
GRE checked alike. giving a space for
deposi: for every Monday in each
month.
The administration is equally
simple At tho beginning Of the
school ouce a week, usually Monday
morning, the teacher takes the regis
ter, one page OF which is for each
pupil, and calls the roll. Any boy or
girl desiring to make deposit steps
forward and places his or her money
and card in the hands Of the teacher,
who lnscribes on the register aud on
the card the amount deposited. 4.
the end OF each month the money col
lected in school is transferred to the
mutual savings banks or to the post
Office savings banks (where such ex-
ISL. Each pupil receives credit fol
It's o- heI savings for the month, il
amounting to twenty-five cents 0,
multiplies thereof, fractions being
added to the next months account il
the register and Oh the cards. Each
pupil receives q passbook o. tho
mutual or postal savings bank with :
; credit Tor nest egg.
Captain Pratt. Superintendent ol
the Government Indian Indu stria
School at Carlisle, Penn. was the frs
to adopt the school savings bana sys
ten in the United States. The In
dian boys and girls made their frs
deposits in October, 1879 In June
; 1881, seventy pupils had to their credi
| III the Carlisle savings bank $500
money saved from q small al.owanc,
or extra daily work. In a .etter datcf
| D.
7 The depositors at this time amou.
I the boys number 293 and their tota
t sum deposited amounts 70 s22s5. 80
It would have been above $1,000 bu
| for the fact that during the last min
I months they have given $500 10 hel,
pay for their own dormito-y erecte'
D this year. Our girls who are deposit
!. o-s number l35. and their saving
amoun: to sS96.15. This savings svs
5, ten IS sup-emely invaluable facto
in our school work"
J.. In the captains annua! report 70
;. 1897 lie says: 'tIhe boys and girl
!, have earned for themselves during til
year so, IS. OF which tAe girl
earned S1265.l2 aa1 the boys s13.
, 1927. Our system eDfo,ces the habi
: os economy and saving Or thes
. amounts the boys saved s6i2G - an
: tle gtTls 3322.s. Il, & total 0. s37l4 IS
i These large earnings are the resul.
. OF the Carlisle outing system, wlic
means tia. farmers. man nafac.urers
Il housewives and others IN Carlisle an
, | vicinity c..n secure helpers If they ca
o satisfy the captain that they will fu,
g n.sh good homes where these ward
q Of the Government will make goo
&C progress Il the arts Q. civilization, ;
BE determined by monthly reports.
's superintendent seariag ia hls r.
a port for 1877, recommending he i
= PRODUCTION Of school savings banks j
i Niscons.a. says: TO teach childre
'Ae value IT money, IL induce the Il
- size and labi. Of saving and to p-a