Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-02-21
SAVINGS SYSTEM ||!| |!
f | | Or BISMARCK BIZ ri | URGED |Rl[I / i. BY.
RAREM. IEAa1ERSIE AGlE

IEnfbney given to them as presents. and
money which they usually spend FOL
candy and entertainment and the chill
afen aie encouraged TO save forth
specific things they want. for baseball
foot ball, or tennis outfits, s!cds. skates
books. presents to others and other con-
crete things. We trust to- the tendency
that in doing these specific things the
children viii naturally acquire the say.
Ing habit, and with IT, the strength ~
character to resist, economize and To
accumulate and to plan ahead.
1.-THE First National Rank, which !
represent. is acting in corporation with
f; the schools in the matter. in a purely
| edncationar capacity, furnishing all sup
! plies and rendering such assistance Ms
is needed without expectation Of finan-
ciai return, as it will be readily seen
that the expenditure must necessarily
he greater thar any profit on this class
Of deposits. . ss5r.- u
"To quote again from Mr.. Hawlcy.
The bank is, however, amply justified
in the practice by the benefit bestowed
upon the great. number Of eaild"ca and
the ultimate prosperity and character
of the .depositors in the hanks, and iof
the community in general &
Some cities have adopted tho stamp
plan where the children are sold stamps
of various colors, to be by them pasted
to their deposit cards. This to my mind
is not an advantageous one. the stamps
are easily lost and the card mislaid. the
child being the loser, and the entire plan
while appealing to the k~indergarners,
does not reach the older scholars.
TN starting the School Savings Sys.
tenn in bismarck, teachers are to I'M
dertake the collections in the various
rooms.
1T is estimated that it will take not
over fifteen or twenty minutes of one
day each week. III.
Tn the larger cities the banks have
in some cases employed young women
collectors to visit the school building
each week, bearing the expense thcm-
selves. In Concord. New Hampshire. my
home city, where the Savings System
has been in practice for ten or more
years, the Women's Club appoint a coin
mittec to serve each year, the members
of such committee giving their time to
explain the methods, make the collec-
tions and deposit the monies. In several
cities the collections are in charge Of
members Of the ninth grade classes, sell
ected for the purpose.
1T is an interesting fact that in cit
les. the great savings are found in the
poorer districts. Well-to.do districts do
fnot save their. money. They spend II,
and they never earn it. Y
Il will not tire you with a lengthy ar
ray ssof statistics, but "a few instances
might, be Of interest.
Grand Rapids, Michigan, established
the movement in 1894, now 4.S25 >chil-
dren have $50. 100000 in the banks.
In June. 1913, in Minneapolis, 2S,4lO
children had $4O,46s.O0 on deposit.
The report issued by Mr.. Oberholtzer
of Philadelphia in January. 1918; showed
savings deposits in 141 citiestin twenty.
six states and territories as follows:
Children making deposits, 167,52g; total
deposits during one year, 5 3,4S2, 162. 90
amount Withdrawn, $2,573,6S2.00 90; amount
still on deposit, S9OS,480.O0.
This shows a deposit of nearly 81,
900, 10000. the system having been intro.
duced but a year or two in most local..
ties. fr<
So far as j have been able to ascer
tain. in no city has the plan been sun
satisfactory, and the measure of Its sue.
cess MS in all other things depends upor
the fa%ithfulncss and energy. Of those
having the subject in charge. and thu
degree of: cordiality with which the par
ents receive. 1t.
The hearty cooperation Of all inter:
csted is needed. The facts, and the eX
pressions Of approval seem amply to jus
tify the undertaking.
The question before us is: Will Bis