Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-08-19
Iona Newspapers
GET THE HABIT"

Il 1t were a wise thing to get the habit
which the savings banks of the city
wish more generally formed than it
| now is, of putting away money against
| the inevitable rainy day that comes IN
most Of us mortals sooner or later and
usually sooner. The aggregate deposits
in savings banks indicates that We v
largely our people have got the hahit,"
! but the ratio Of such depositors to the
/ wage earning population shows that
we are not yet the frugal, fore
thoughtful people that, for instance,
the United States would hardly save
| it from such an assessment as Bis
marck laid on France in 1871.
The topic suggests consideration OF
| the methods used by savings banks IN
several cities. copied from the German
| plan started at Geslar SIS years agn, the
public schools savings plan. 1t was not
until 1885 that, thru the work Of
| educators here who had seen its re-
suits While abroad. it was introduced
here. From the educational side 1t IL
based on the fact that the school period
is also the formative period of habit
and character, and that it is easier to
inculcate in children than in adults The
habit of saving. Since its Introduction
| in this country it has been adopted in
1908 schools in 113 cities located in %
states.
The aggregate of these school saw
lsings in one school in Pittsburg
amounts to over $13S,000. owned by 49,
635 depositors. Two systems are in
use. Under the older. the Thirty sys-
TEN, the pupils make out their deposit
slips and give them, with their pennies
to the teacher, who enters the credit
on a blank and deposits the money III
the local bank or banks that supply
the necessary stationery. The more
modern and popular system uses the
STAMP method, the bank supplying the
teacher with stamps of various de-
nominations and pass books. The
teacher exchanges a stamp of the de-
nomination of the deposit and the pu-
pill affixes the stamp in it's pass book.
The stamp answers the purpose of
receipt and the book, with it's stamps
Operates as constant incentive to in"
crease the savings.
The value of this to savings banks
is not so much the immediate use Ut
the accommodations as 1T is the forma-
tion of habits by children who, in Il
few years, will be men and women
earning or making money and Wh&.
with the habit formed. will become de-
positors, with some knowledge of and
confidence in banks. 1t was noted,
wherever this school savings system is
in USE that during the, recent panic
in confidence the children depos.tors
made the least Withdrawals.
DISTRIBUTION NOT SO EASY.
Council Bluffs NonpareiI.)
The problem of diverting from the
cities to the agricultural districts,
particularly to the south. a greater
number of immigrants coming to this
country was more pressing year ago
than it is now, for THE reason that not
more than one-third as many new
Corners are arriving this year as last.
But the south had organized it's cam
paign to secure the immigrants before
1.-THE flow decreased and is trying for
those who do come. The results are
Interesting, and discorraging, alike to
the south and TO those everywhere
who hoped the worst features of
our immigration problem might be
mitigated by distribution OF the new
corners to a larger field.
"A New York newspaper reports that
land agents who have tried ITO
turn the tide of immigrants from Its
accustomed channel to the south, nave
come to be looked upon as bnnko
steerers by the immigrants. The I'M
migration officials say that foreigners
coming here look upon everyone with