The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1908-05-14
School Savings Bank.

The School Savings Bank system orr
ginated in France. II is about fifteen
years since il was introduced into this
country.
During that time between five and
six million dollars have been deposited
by school children, most of them I'M
der sixteen years of age.
Robert +. Doane of the Chicago Tri-
bune says; 81 believe it the parents
Of school children better understood
the merits of the system the numbers
of depositors would be trebled.
The main thing in the system is not
the amount of money accumulated, but
the education of the children in the
principles of thrift and order.
The child is taught regular way OF
protecting itself against want, and the
value Of orderliness. regard it AS
one of the most important educational
features of our modern school life. "
WHAT The SYSTEM IEAI1Ess
First, To think of saving rather than
spending, when spending is not neces-
sary.
Second, To save and make saving
regular habit.
Third, To know what saving is for
clothing, books, comforts, a future
home, business enterprises, travel, etc.
Fourth, To distinguish between saw
ing and miserliness.
Fifth, That business is transacted
through order, system. and that or
der or system may be applied to other
things equally as important as bank
ing.
Sixth, To feel sense OF response
bility.
A man who is scrupulous about his
bank account will be scrupulous in
other things.
Thus the school savings bank system
is not only financial. but moral
agency. 1t does more than accumulate
money, it uplifts character.
If child can put away only a penny
a day the lessons desired to be taught
are still effective and as the amount
saved grows in size, the lesson will be-
come stronger.
This system is about to be introduc-
ed into any Of the schools Of Manches-
ter that desire to do so with the consent
Of the Superintendent and School
Board.
The plan is this; Any child wishing
to invest under this system may bring
his or her pennies, nickles, dimes or
dollars every Monday morning.
Each teacher has a roll book. AS
she calls the name of each child they
respond naming the amount they have
to invest. If nothing to invest say pre-
sent Each child has card on which
the record is kept for their benefit. The
teacher holds the money until there is
at least 81 90, when it is sent to the
Hyde Park Savings Bank, and will
draw interest at four per cent. com
pounded twice year.
AS soon as child has $l.00 to his or
her account they are furnished a bank
book and may learn TO do business like
people. Two rooms at the Manchester
Center school will adopt this method on
Monday next. In the opening of the
new school year in September it is hop
cd other schools in town will be glad TO
adopt this method, which takes but lit
lie time and win be Of more practical
value as an educator in business psin-
,iples than the same amount OF time
'pent in almost any other way.
II is hoped that parents will cooper.
ate with the teachers and encourage
heir children TO save their pennies TO
invest, instead of spending them for
and harmful things.
Any one wishing further information
IN this subject may consult the teach
RS in whose rooms il is being intro
iuced at the Center, Miss Leach and
Mss Earle or Mrs. A. +. Smith who is
hiding in its introduction.