Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-11-12
QUICKLY Wins FAVOR
High School Bank, Only Four
Weeks Old, a Success.
HAS OVER 800 DEPOSITORS
Monthly Statement Shows Net Bal
ance of 81, 329.O6.
DIRECTORS HOLD MEETING
Principal Allan Davis Says That the
Institution Will Be a Perma-
nent One.
HAS OVER 800 DEP0sIT0Rs
DIRECTORS HOLD MEETING

The first monthly statement of the
Washington. ID. c.. High School Bank,
recently started at BUSINESS High School,
was made public last night. 1t shows a
net balance In the bank Of 81 ,3o9.O6 and
total Of BAL depositors. Over and above
all deposits. the bank has property IN
ventor1ed at $10S.13 and a cash balance
Of 81. All expenses for the present year
have been paid and any money received
as interest from the corresponding bank,
to which the funds are transferred. will
be credited to the accounts of the de-
pOsitors.
The complete official statement, as pre-
| sented by the cashier, Julian Eiseman, at
meeting of the board of directors held
at the Business High School Friday after
noon, follows:
RESOURCES.
Debts Credits.
Expense Inventory. -. 0.ss
Printing Inventory 4S.SS
Furniture and fixtures lin
Tentory) ....-.- oo.n
LIABILITIES
Present worth leash, s11.O0;
property inventory.
Los 1si ....... 1913
LOSSES
Ex penses Observation-Disclosures. 1856
Printing ......-...---....-. 30
GAINS.
Advertising space in Bal
Net gain tpresent WORTH. s11s.l3
s1711o s1711o
The summary of the depositors shows
Gxyo fvnr fba NcL nj
Training School. nineteen from the alum
nj association. twenty-siX from the fac
ulty, thirty-two from the Gales Night
School and $50 from the Business pupils
Praise of the Bank
Mrs Ellen Spencer Mussey, vice pres
ident of the board Of education, recently
visited the bank, and expressed much In
terest in its workings. Allan Davis, pr1n-
cipal of the school, and Charles Hart
general manager of the bank and head OF
the department of business practice, de-
clare they are highly pleased with the
success Of the new institution. So far,
they say, no difficulties have been en-
countered. There is no doubt according
to Mr.. Davis, that the bank will remain
a permanent institution of the school
At the beginning of the scholastic year
the school paper. the Balance Sheet
through it's business manager, Alvin w.
Miller, offered the bank a sufficient
amount OF advertising space to cover the
expenses for at least the present term
The banking officials accepted the offer
and within q week, they say, had Suf-
ficient amount of advertising guaranteed
to fill the allotted space.
Addresses to the Directors.
At the meeting of the board OF di-
rectors. l.. Freudberg, a member of the
board, who spent the early part of his
| life in Germany. told of the habits OF
thrift cultivated by many European races
| through the system of postal savings
banks. He did not believe the advantages
| offered were as great as those offered by
pupils of Business with the school bank
| however.
| Mr.. Hart spoke Of the interest taken by
| the students at the Gales Night School,
more than thirty Of the pupils of wnAcf
| school have opened accounts and are put
| ting aside certain part of their earnings
/! weekly. Miss Rebecca f. Stanley OF the
| English department made an address or
| the advantages offered both teachers an6
students by the bank. She said that il
pupils would put aside small sums in the
bank regularly they might save enough
F. Cooper, president, sketched briefly the
work OF the bank since its organization
| four weeks ago. E. D. Collier, secretary
| Of the board Of directors, and c. ]. Big.
| ham, q member Of the board, also made
brief addresses