The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-01-11
$1,000 DEPOSITED
IN SCHOOL BANK
NOVEL HoUGHToN INSTITUTION
HAS COMPLETED SUCCESS
Full YEAR. SCHOOL
BOARD MEETS.

A report showing the results OF the
first year OF operation of the Hough-
ton school savings bank was present
ed by Supt. j. A. Doelle at meeting
of the school board last evening. The
bank was opened one year ago this
month and has proved a most crafty
ing success. the total amount of de-
posts aggregating $1,000. There are at
present 466 live accounts representing
depositors in the Hurontown and East
West and Central schools Of Hough-
ton, three per cent of the students
being depositors. The largest individ-
ual account amounts 20 S23.40. All
deposits draw interest at the rate OF 8
per cent, the same as is given at the
regular savings banks, and all the
work Of accounting. handling and re-
ceviug money is in the hands Of the
advanced students of the commercial
department. giving them good practi-
cal experience I'm financial affairs. The
actual amount now on deposit is $50,
a number Of the deposltors having
made Withdrawals for the purpose OF
purchasing clothing, buying building
and loan stock or purchasing Christ
mas presents. Each depositor is pro-
vided with a bank book and blank
checks, which have 10 be signed by the
parents before money can be with
drawn. The Houghton school savings
bank is the only one OF its kind in the
upper peninsula.
Girls TO Serve Banquet.
The HoughtOn board Of education
will tomorrow night at o'clock enter
tain the school superintendent and
trustees of Adams. Osceola and PUr-
tage townships, Calumet and Hancock.
at dinner to be served in the kinder
garten room OF the Central school
The dinner win be prepared and serv-
ed by the young ladies Of the domes-
tic science department under the SUI
pervision Of Miss Christensen. the di-
rector. Every detail viii be taken
care Of by the domestic science stu
dents, including the setting and dec
Grafton Of the tables, and the prepara-
ton and serving Of the food.
Meeting Here Tomorrow.
The banquet is 10 be given In honor
Of the meeting called By State Super
intendent Of Education Luther /.
Wright OF the member or the school
boards OF tho county About thirty
are expected and an address by Supt.
Wright win be a feature Of the gath
ering. I..Iif
Mid-Winter Promotions.
The question OF mid-wlnter promo
TONS was discussed at the meeting Of
the school board last night and il was
decided TO give students entering at
the middle Of the year English and al
zebra, il being regarded as out Of the
question 20 form half year classes all
through the high school. All in the
academic department entering at the
mid-ycar viii be given the two sub
Jects mentioned, with recitations twice
a day. and viii receive a fun credit for
each study in June They will then ioin
the freshmen class of the next term.
Any cutting up Of classes in the first
year viii thereby be avoided. and the
need Of mid-year promotions will be
done away with. The work I'm the
commercial department will be arrang-
ed IN the same way. The new ar
rangement requires the services Of an
other teacher and Miss Katherine
Weber has been engaged to teach
English an. STORY.