The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-01-20
SCHOOL SAVINGS
BANK SYSTEM
ITS GREAT ADVANTAGE TO
THE PUPILS.
Cashier Dunhaln, of the Dime Bank,
Writes Lucid Explanation of the
System, Which Will Be Found
Very Interesting.

very lnIereSJlnR'
To all Interested in the School Saw
ings Bank system. would like to say
few words, particularly requesting all
parents, teachers and scholars to read
this article.
The School Savings Bank System is
not a new thing or fad. 1t has been
in use for over twelve years in the
schools Of this country. It is now in
use in sixty-three cities of the United
States. and scholars have deposited in
banks S4jt. .2ll.37. 1t is the purpose of
this system TO teach every pupil the
real value Of money and the Importance
of saving something every week. 1t is
also important that the scholars should
give some service for every penny de-
posted. to properly appreciate the
value of the money deposited Parents
should not give their children money
to deposit without requiring some SER
vice for the money, let each scholar
know what it means to earn the money,
Do not emphasize so much the Deposit
ing of large amounts. as the import
ance of making a business of saving
something each week. no matter how
small the amount
The scholar who has a pass book un-
der this system, earns the money de-
posted and deposits something every
week. is acquiring habits OF thrift and
economy, and also learning, in a prac-
tical way, something about business.
Such pupil knows what a bank book
is: what deposit slip means. and what
check means how to add deposits in
one column and checks in another
column. and that the balance carried
to the right hand column is the amount
to their credit in the bank. There can
be nothing taught in the public schools
which will do a scholar more good in
after life than to make practical bust
ness men and women OF them.
The following is the method in use in
ten schools in the city: On every
Monday morning when the roll is called
each scholar answers Yes. one cent"
or Yes, five cents" whatever sum he
has to deposit, arises from his seat and
delivers the money, with his weekly
card, to the teacher who counts the
money and inscribes the amount on a
record book and upon the weekly card,
upon which the name of the pupil the
teacher and the amount and date Of
previous deposits are inscribed. When
the teacher has finished calling the roll
and collecting the savings, the money
collected in the class is counted to see
if the amount corresponds with the
total amount inscribed on the record
book. If the amounts tally the money
is Immediately sent to the principal in
sealed envelope. with the name Of
the teacher, the amount and the date
| written on the outside of the envelope.
| After receiving the envelopes as above
| described, from all the teachers, the
| principal makes a list in his recor!
| book Of the names of each teacher and
places opposite their respective names
! the amounts sent in these sealed en-
velopes. A duplicate list is then sent
to the bank by the principal. together
with all the money collected, and de-
posted in the bank to the credit of the
principal. He receives i'm return pass
! book from the bank with amount cred
! tied thereon.
on the last Monday of each month
each teacher furnishes the principal
with list of pupils having one dollar
or more to their credit on their weekly
card. These lists are sent by the prin-
cipal to the bank, together with his
check for the sum total OF said lists. 4
regular bank book is issued in the
name of each pupil having one dollar
10 his credit, as before stated Inter.
est is paid on all such accounts from
the date of issuing of the pass books.
THE PART TAKEN BY THE DIME
| DEPOSIT AND DISCOUNT BANK o
IN THE SCHOOL SAVINGS
BANK SYSTEM
So far as we know. in Othe- cities il
has been customary for the schools t.
| furnish the necessary blanks for this
! system. but the Dime Bank, recogniz
ing that it's prosperity is due to the
kindness of its numerous patrons, feel!
under obligation to do all in it's power
within its sphere, to promote the vel
fare of this community. Therefore ;
special ledger has been provided 70,
school savings accounts and all neces
sary forms are furnished to the school,
free of charge. The bank has spared
neither time nor expense in trying T.
introduce this system and will gladl,
send a representative to any school t
explain the system and make every
thing easy for the teacher. We hop,
all teachers, parents and scholars il
the schools of this city and county viii
show their appreciation of our efforts
by cooperating with us in introducin!
this system in every school. We will
cheerfully answer any questions O
make further explanation to any on,
interested. In a school where tn
teacher shows lack Of interest in tn
real purpose of this system, the under
taking viii surely fail. Teachers. schol
ars and parcnrs must all be enthusias
tic; then good results will certainl,
follow. H. G. Dunham,
Cashier.
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