Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-03-24

Ten minutes Ol IHe CedCuCi 1liho'
Each child has a small bank book
in which is credited the amount
of his deposit. When an account
reaches ST., more pretentious
book is given. Deposit books of
So, or over, have interest at the
rate of 4 per cent. These books
are usually kept at the bank, but
pupils are allowed to take them
home for a day or two at the close
of each month. The family inter-
est aroused by the monthly exam
ination of the accounts has IN
many instances had telling effect,
and parents have thus learned les
sons of frugality through their
children. The teacher keeps a
sort of ledger which is an exact
copy of the pupils smaller pass
book. This ledger consists of
single sheets and these are sent
to the bank at the close of each
school month. From this data
the banker is enabled to complete
his records and properly credit
all funds received.
The teacher places all the mon.
ey collected in a small envelope,
seals it, and it is then sent to the
office of the superintendent or
principal of the school. That Of
fetal, having made a record of
the deposit of each room, as
shown by the amount entered on
the face of the envelope, imme-
.diately carries all the money to
the bank.
Pupils sometimes desire to
withdraw portion or all of their
funds. This may be done at any
time. The process is simple, yet
sufficiently intricate to preclude
the possibility Of a child's deceiv-
ing his parents. The checks used
must be signed not only by the
pupil and one of his parents or his
guardian, but also countersigned
by the principal of the school.
During the vacation season, the
cashier of the bank acts for the
principal.
Some Figures.
The enrolment in the public
schools of Sistersville is approx
mately 1000.
On January 1, the school saw
ings bank had been in operation
just two years.
The number Of depositors to
above date is 525.
The amount of all deposits is
$3,1OO.
The amount withdrawn is ST.
200.
The balance due depositors is
$1,000.
But these figures do not fairly
represent all that has been accom-
plished. Of the three banks in
this city other than the one with
which we have our account, each
makes a special bid for the pat
ronage of the youthful depositor.
They furnish the small and at
tractive iron banks now quite
commonly used, and succeed in
winning some, even after the pub
lie school has shown these how to
save and inculcated the habit OF
doing so. But of this we do not
complain, for the very spirit OF
our efforts is far from mercenary.
That for which we strive is rath-
err to strengthen the will, ennoble
the aspirations, inspire to self-de-
NAL. and teach at least one SER
ious and practical life lesson. We
are satisfied with school banking.
Its abandonment would not be
considered because OF the Hollow
ing:
Facts That Recommend It.
It's good offices have been DEM
onstrated in over half the States
of the Union.
Its methods of practise are
grasped by the teacher with quick
facility.
1t has incidentally often writ
ten a record of families relieved
from want.
1t requires the sanction of no
other than the will of the school
officials.
1t seeks first of all the child
! not his money. 1t contemplates
discipline in all that makes Tor
self-help in life.
: T, 4l,o on1xy Strl1ct ion