Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-01-07
SCHOOL TRUSTEES.
Bank Savings Systemic
be Inaugurated.
Superintendent Hickey's Re-
port Shows Big Enrolment.
Ralph Hunt Elected Clerk, Vice Nc
Donald Resigned.
AN INTERESTING MEETING

In the Office of the superintendent
the board of education met in regulsl
session last night, and when the roll
was called, the following responded tc
their names: President Hopkins. rrus
tees Dodd, Ward. sherwood, Stevens
and Rankin: L. NJ. Hickey, superin
tendent; Roy Mcdonald. clerk.
warrants were ordered drawn on the
treasurer for $3.50 in favor of Frank
Mckee and $3.50 in favor of j. s. Nc
Clure.
Superintendent Hickey submitted
his report. II showed an enrolment
OF 1,2O5 scholars, the greatest number
ever enrolled. II was moved and sec
onded that the superintendent be in,
structed to thank the citizens and
teachers for their assistance in the en-.
tertainment of visitors in the city dur.
ing the convention OF the educational
association.
The report of the treasurer was then
read. which showed balance on hand
January !. 1909. of s3,0Iu....
A committee was appointed to in
vestigate the question of additional
school buildings for another year. The
members appointed were President
IL.
Roy Mcdonald, who has performed
excellent service as clerk of the hoard
rendered his resignation last night. and
Ralph Iiuut was elected to fill the va.
cancy for the unexpired term.
The report Of the special committee
on school savings banks was submitted
but no action will be taken in the mat.
ter until Thursday evening. The re.
NJ
the board. is as follows:
To the Board of Education. CITY of Al.
buquerque:
Gentlemen-Your committee ap.
pointed to investigate the systems of
school savings banks in the public
schools, now in use throughout the
United States, after a thorough exami.
nation. take pleasure in submitting
herewith their views, embodied in a
proposed circular letter intended for
parents and guardians of children at.
tending our public schools. as follows
PUBLIC SCHOOL SAVINGS BANKS.
The board of educalion of the city
OF Albuquerque. after an investigation
OF the system OF school savings banks,
is fully convinced of its advantages
and, by official action of tho board,
has resolved to give 1t fair trial in
this city.
ihe object of this circular is TO call
the attention of parents and others in.
terested in the practical education of
children, to some of the advantages
likely to result from the operation of
the system. In conjunction with the
general program of school work.
great majority of the children in
~ M
handling money except to spend 1t for
the sake of gratifying the caprices of
the moment. Improvidence is one of
the greatest evils of the present day.
and hence whatever tends to the habit
OF earning and saving money will he
of incalculable benefit.
There is no argument in favor of
savings banks for adults which is not
equally applicable to similar institu-
tions being founded for children. If
thrift is desirable in older life. il is
something that should be encouraged
in children. That parsimonious hab-
its will he grated on the juvenile life
as the result of the establishment of
school savings banks there is no rea-
son to believe; such has not been the
experience where they have been tried.
II is not the purpose of the system
to induce large individual deposits. but
rather to encourage the largest num-
ber to become depositors in some
amount; and the deposits are made in
such manner as to preclude dis
closure to the pupils of the amount de-
posted individually. The experience
OF the schools in which the system has
been tired shows no tendency towards
injurious riyalries among the pupils.
II is not the desire to make the
banks drain" upon the parents. but
to encourage the depositing by the
children of money they have earned"
by sucn services as they are able to
perform. In many cases. 1t is believed,
the banks will prove a blessing to par
ents by the setting of wholesome ex-
ample.
The system is in successful opera
tion in about 100 900 schools in the old
worlu. In France it is especially popu-
lar and its success has been marked.
In England ii was inaugurated in 1861
through the earnest efforts of Mr..
Gladstone. In the United States it is
fast growing in popular favor and can
be no longer considered as expert
mental. recent report of j. II. Thiry.
of Long Island City. New York state,
who originated the system in Ameri-
ca. shows that over s45D 900 has been
deposited in school savings banks.
Across the border. in Canada IT is yet
new, but inquiries now being made in
dicate that il viii spread here as il
has done elsewhere.
No serious interruption of the ordi-
nary work OF the sCnoOl will result. in
asmuch as a few minutes on each Mon
DAY morning Of the school term will be
sufficient time for receiving deposits
from the pupils. The details of the
work will be as follows
Every Monday morning deposits will
he received from the pupils by the
teacher. Any amount from one cent
upward will be accepted The moneys
SO received must he deposited with the
superintendent by noon of the day il
was received, and the superintendent
must give receipts to the teachers for
the amount so received. and must
forthwith deposit the total collections
In the - bank.
jal At each regular meeting of the
hoard. the teachers must report direct
to the board in writing the total
amount deposited vita the superin-
tendent the previous month.
tbi The superintendent must at
each regular meeting of the hoard of
education present a written statement
Of the moneys deposited by him in the
previous month as well as the total
amount then on deposit
tci The hoard must at the same
meeting verify this report by the re-
norris OF III, teachers and also by a
statement OF the - bank.
No moneys can ne withdrawn from
- bank except on the check as
shown below duly signed by the pupil,
the parent OF legal guardian and the