Arizona republican., 1912-12-09
To Inaugulate School Child ren's Savings Bank In Phoenix Public Schools Under Most Flattering Auspices.
ENDORSED BY
 SCHOOL BOARD
Valley Bank Takes Up Scheme for It's Educa- tional Effect. MinncapO- lis System Suitable for Phoenix.

InOcnlN.
 A system of savings for the children of the public schools of Phoenix is shortly to be established in the schools through the efforts of Thomas Chapman a recent arrival here woh is to make Phoenix his permanent home. He brought with him letters of introduction from some of the most prominent en in Minnesota and after looking over the ground decided to try and inaugurate here the School Childrens' Savings Bank in Phoenix.
 He met with flattering success. The school board immediately endorsed
 the plan. and Mayor Christy of the Valley bank gave il his enthusiastic endorsement and offered the ser vices of the bank in connection with it.
 This system was first started in 1 this country by MT. John H. Thry q native of Belguim who was born in the year of 1892. He was educated there later coming to the United | States in 1859 He was elected school commissioner of Long Island l City and since that time until his 1 death was q great advocate of thrift ! in the public schools of this country. l In 1885 he established the school I savings bank system in school No. 4 1 in Long Island City and from that | time until his death he devoted his ! life in establishing the school saving 1 bank system into q number of schools 1 in the United States and iS looked up 1 on today as one of the greatest l friends that the younger generation 1 had.
 This system has not failed in any respect in all the places that it | has been established il has met with l great success everywhere. When MT. l Thiry first introduced this system in Long Island City. il met with great
 favor Public men. newspapers. mag azines. the school board and faculty. and the parents all co-Opcrated in 1 the work enthusiasm was melted.
 it spread and the consequence is 1 at there are now eleven hundred 1 and fifty schools that have this sys-
 tenn These eleven hundred and fifty l schools have deposited three million l four hundred and eighty two thous- 1 ana one uuIlultO' dllu oiNlN -tNHp t'Ol- l lars and sixty-siX cents.
 1 In the Harry Barnard school of 1 Hartford. Connecticut which adopted 1 the school savings system in Novem ! Der 1906, the total amount of de-
 posits has been 1000 with 1,500 1 students enrolled.
 1 In Lowell. Mass, the latest state
 ments show that 1,7S0 books have been issued representing deposits of l over 5000. The withdrawals being ! very light In nine out of the twelve schools only forty-twO depositOrs 1 withdrew in 1910 and withdrawals
 were less than $l00. Inquiry shows
 that the pupils going form grammar 1 school to high school continue their 1 d.. posits with the banks
 The Minneapolis system, the most practical andi most efficient. and the system which is to be introduced in to Phoenix has been remarkably sue ccssful and q fcW statistics of that system may hr of some interest 1he number of children depositors when the bank took over the system in June 1908 was 1.735, in June 1911 the number was 16,S41. The total number of children was made de 1 posits during the lsat school year 1 of 1910 and 1911 was over 21,0o0 out of a total school population of 39,00u, md the total amount of deposits during the year was $45,G11.21.
 i, The Minneapolis system is one Of the most comprehensive and work able school saving bank systems | in operation in the country.
 The bank employees for it's work, d bright. intelligent. and enthusias-
 tic young man as collector. He
 goes to the various schools once d week. explains to the children when
 necessary the system and its pur- pose as well as the benefits of learn ing to save This collector receives
 the money presented by the children.
 The collector attaches to stamp
 card furnished by the banks var
 equal in amount to the money offered
 by the child and the card is returned | to the child Accounts can be opened 1 and money can be withdrawn only upOn the written request of the par ! ents or guardian of the child and the 1 money can be withdrawn only by | the surrender of the stamps attached l to the child's card. Rules are plainly
 printed upon the card. But httle l book keeping IS necessary re" cards are lost. The child is impressed
 with the value of preserving the ] card and thus is taught to carefully safeguard at least one thing among 1 it's many possessions.
 The Valley bank of Phoenix through it's board of directors has decided to l , to the expense of putting this 1 system in force and maintaining 1t. | The expense involved will be con- siderable and there will be no net
 returns to the bank The main idea however from the banks point of
 view is that the children who are | now taught to save will also be taught the many things that the bank can do for them.