Evening journal., 1916-11-16
news HAPPENINGS
ABOUT new Castle
Advocate OF School Savings
Plan Would Extend
Thrift System
MISS HE NDRIX IS
NOVEMBER BRIDE

Special TO THE EVENING JOURNAL.
NEW CASTLE. Nov t6-" start
Someone Saving" were the words on
The cover OF a leanet issued by the
nationwide thrift campaign OF the
American Bankers Assoc alton, which
fell into this correspondent hands
Yesterday afternoon. Knowing that
William j. Ferris. of the New Castle
Trust Company has always been q
great advocate Of thrift, the writer
called upon MIR. Ferris at the com
PAWS bank. Being interested Tor
wears with the bankers in the building
and loan association work, many
matters were discussed. The writer
was member of the Board of hdu-
cation when Mr.. Ferris started the
saving fund for school children The
odd pennies were collected by the
teachers and deposited with Mr.. Fer
ris. The deposits drew 4 per cent. in
forcst. Mr.. Ferris spent much time
altendine to details and went to con-
siderable expense TO encourage the
children. He was supported In the
movement by many Of the residents
Mr. Ferris Is still busy IN the pros
ncrous banking institution which mas
gradually and successfully grown
nnder his direction. hut, as usual ne
,cas nleased to greet q caller ana talk
~ business This anable banker
smiled when informed that THE
EVENING JOURNAL would like
statement regarding the saving iuno
growth among the schools Mr.. FER
ris said
III Is hard 10 realize, sometimes
when YOU phone home from Wilmns-
Ton that you1l be over on the neAl
trolley or. possibly, In some friend 8
automobile. that all these things. and
MANY others. have come into use ID
the last half century.
"This has been called to my mind
more forcibly in the last Few uays
because have been reading accounts
Of the Centennial celebration, under
tho auspices OF the American Bank
crs' Association, of the establishment
of the FIRST savings bank IN the
United States.
~ had known that our ordinary
commercial banks daied their his
tory a half dozen centuries back To
tho time of the old Lombard bank
ers in Italy. and that money-lending
antedated the Mosaic Law; but con-
fess that | was rather surprised to
learn that the first savings bank in
this country was established IN MAS
cachusotts In 1916. And now, ] can
not say how many there are OF them
Every city Of any size Is blessed WIN
enc or more Of them; and they nave
millions and millions OF money on ue
posit: our own New Castle trust
company has over seventy thousand
dollars $50 .000) in its savings iund
department.
1T was not, however. until about
1890 that the first school savings
hank was formed. J. II. Thiry, of Long
Island was IT'S founder; and, through
educational publications and in as
many other ways as possible, he ad-
vocafed their establishment in all
schools. He alas. died in 1911, but
lis work has been ably carried on
bv Mrs. S. l.. Oberholzer, OF Philadel-
phia.
INV own attention was first called
to the matter in 1907. and, after
some correspondence. with Mrs. Oher-
holzer. I took il up with Principal
Holloway. who was quite enthusiastic
In his support, and. In September. 1907
our Board OF Education heartily en-
dorsed It and circulars were sent TO
All parents. and the school savings
system was introduced In the New
Castle public schools.
"Our teachers have co-operatec
nnely-many OF them are depositors
themselves-but the great thns Is
that they have realized how import
ant thing IL is that their pupils