Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1906-01-19
SAVING THE pen
System to Be Es.abIi'
BrattIeboro SchOO|
Movement in charge Of the g
COMMITTEES Of the Woman's
the System Is Carried on an
~. Ae,or,nllshed.

Commtttee of tne WV"aHS
the system Is Carried on am
Has Accomplished.
The object Of the penny savir
is not to teach the children
a larga bank account, but b
experiences to teach them the|
their money and that more may|
with the dollar than the penny.
pose Of the system is thus educ
it tries to show that money 81
when spent In large than in lit
II is both an attractive and
method Of teaching thrift. n
has been In operation in the pub
In many towns and cities Of
States for 20 years. astablish|
through the efforts of charitablc
tions OF woman's clubs whose
has forced upon their attentid
that a lack Of wise economy
thought often brings destitutio|
OF means as well as to the ch'
All honor to the honest, thrif|
specting people who have
problem Of living happily 4
meanal
It is mostly through these
wa learn what standard ought
up to others who, with the 81
II not more. have made a co
failure Ia life. This mark
between the thrifty and the
seen not only among people of
but IN all ranks of life. 1t 4
this contrast and all 1t signii
savings system has been un
the public schools, for II
habits Of thrift are cultivate
age OF maturity is reached
saving and OF thrift will q
been acquired. And as
Sowing end of the harvest
work with the children.
banks are good and many of
already have bank account
banks do not reach childrelI
who cannot make perman
whose spare money is in cent
and whose self control is in g.
quantities.
But II the opportunity to (
occasional penny is brought
they gladly avail themselv
has been observed that the
the poorest parents, often
at one time or another are
town, are the ones who spen
number of pennies. Many
whether found in city or cov
greatest spendthrifts often
feel that the pennies which r
all are not enough to get the
and so they spend one, two
cents at a time on wor
Through the penny saving
children from this class ar
pennies may accumulate to
wasted and very often
enough for school clothes an
that ara worth while.
Charities OF Somerville, MI
the question of shoes for
been almost entirely settled
savings system.
Many of the parents OF
ara reached by the influence
In the home, and some of
own accord begin to save.
first time to a savings bal
little for a rainy day.
penny savings system has b
into schools the results hav
expectations. In Bellows
2S7 scholars took out dep
the total amount of money
them was $661.05. More q
ainount, ss93.7S. was put
banks OF that village.
Mass, where the system hi
alton - or Is years, the a
last year from the sale
S54O7.1l and the bank
S3O96.57. In towns and q
savings system is used
banks say they issue bank
increased numbers and Il
adults deposit than ever
attribute the entire incre
ffuence OF the penny savif
in the schools.
But the good accomplis
made a matter of statist
one OF character. We q
early to help children
thrift and self denial by RI
lite and self Indulgence,
that II they go without
often harmful things nov
the better things of life
in return for the self den
today. The child who
pennies for cheap candy
or tobacco in some forf
losing his money and I'M
but acquiring a habit q
which grows stronger ca
later years when the wi
come weakened by thes
Rences he is easily led as
attractions held out to hi
Many child1fh through
stimulated to earn moi
to give up gum, candy,
boys who from ten yea
using tobacco stop doin
Older girls give up the G
other frivolous things id
One teacher, an earl
the system, says she sees
ment In her children, 4
Is now interesting and ed
rem are more alert, IN
stupid that they hardly
20 in out of the rain,
it, now in the briefe
march up to the desk,
act change for two
take their stamps and
{ next In line. The chill
"a astic where the SYSTEM
teachers. always respond
= thing that promotes tn
I. pupils, and so will do
= to make the system
o the children save the
way Il Is to be hoped
able and wish to depo
part of il in the savin
n can do as they wish a
privilege to withdraw
time for anything the
desire.
How the System
~ The Brattleboro We
!, impressed with the sue
in other schools in our
Il that the subject of "
? use Of money might
the instruction in our
it's educational commi
NJ. matter before the s.
f. was dune and the sc
, in favor of the NOV
IN, permission to the WI
tablish and conduct
in the Brattleboro sch
. with the supervisor a
: Where the penny
used stamps are issue
three, I'VE, ten and
" given to the children
~ money. Each purch
rs book something like
=