Arizona republican., 1913-03-03
IMMENSE SUM SAVED BY
 LOCAL SCHOOL CHILDREN
Seven Hundred and Forty School Chi- dren Have Now on Deposit Little
 Over Dollar Apiece

So enthusiastically have the children of Phoenix entered into the public school savings bank idea that there are now TAO Phoenix children who now have bank accounts, totaling $S76.74. This immense sum of money in pen nieS nickels and dimes has been put aside in a little less than six school weeks. The system of savings banks for school children is one that has been in vogue in the United States for something like ten wears and is grow ing in popularity rapidly. In many of the large cities the school childrenS savings accounts are highly regarded by banking institutions and earnestly sought after
 In Phoenix the public school savings bank has been instituted by the Valley Bank and has the cooperation and support of the school officers and the teachers. The work is immediately under the supervision of MT. Chapman, a young attorney of Minneapolis. who once each week visits each school in the city and collects the savings of the children. giving them credit therefor in regular bank books, similar to the accounts of their parents and relations. It has been demonstrated that the habit of saving cultivated in childhood is one of the foremost lessons neces- sary for success Great men all over the country have practiced it and are always willing to give testimony to the 1 faith that is within them Teach economy, 1t is one of the first and | highest virtues It begins with saving 1 money" says Abraham Lincoln "TO l be successful in business. never spend q cent more than you earn," was the 1 advice of the late Marshall Field, the 1 Chicago merchant prince. The differ ! ence between a clerk who spends all i his salary and the clerk who saves | part of it, is the difference in ten { years between the owner of business ] and d man out of a job" John Wana- maker said this and he ought to know 1 Fifty years ago he had small joi in Philadelphia; now he is known al over the world. There are many thou l sands of rich men in the country who add their little mite of evidence to al this
 Some time ago, Governor Hunt wa; approached on this idea of school say
 ings banks and indorsed it in the fol
 lowing terms:
 The habit of saving part of Onei
 earnings means so much in the caree
 of every person. that it cannot b
 formed too early in life The abilit!
 to save which includes not only tn
 capacity of mind to plan ahead, bu
 the courage 10 practice self denia
 when necessary, becomes of vital i'm portance toward middle age Yet il
 absence of early training along thes
 lines. it is generally difficult to fOrn
 the habit when it is most serviceable Children in our schools offer the bes , , opportunity for the teaching of wis
 dom and economy in managing one
 personal financial affairs. Each ma save only a few cents, or at most onl
 few dollars, but if it represents
 real effort and a desire to save, tn
 lesson and training are there at tn
 time when they will make an impress sion. The minds of school childre . are in the formative stage and can b
 directed in any line by those in charg , ! It is the aim of teachers to lay tn f foundation for after life. and WithoI
 question the habit of saving is one ( ', the most important things that go int a such foundation"