New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1917-09-08
SCHOOL BOARD Will
SOON Open AGAIN
Depositors at Grammar School
May Reach As High As 1000

The Prevocational Grammar school
depository, a savings bank for the
pupils of the Grammar school, was
opened March 13, 1915. The main
purpose Of the depository was to en-
courage thrift and now at the close of
somewhat over years time the
object has been accomplished An
other object of more tangible value
to the pupils Of the school has been
the practical training they have re-
ceived in conducting the affairs of
the bank for the work connected with
managing the depository is done en-
tirely by the pupils
The work is conducted by the pupils
OF the eighth grade and it is accom-
plished by the same system of bank
ing that is used by all the local saw
1ngs banks. Two pupils from the
commercial department work each
day in the depository; one acts as a
teller and the second ASA checker.
Each pupil works two days in sue
cession One Of the pupils who works
IN the depository is on the first day
ana the other is on his second day
OF banking. The hours are from
$50 to 2:30 daily for every school
day.
The amounts that can be deposited
range from one cent upwards. Last
year 1,579.S1 was the sum total of the
deposits of the pupils There were $40
accounts opened making more than
tWo-thirds of all the pupils in the
school interested directly in the bank.
NO Withdrawals are allowed without
the written consent of the parents
Of hn lie
much as s25 in the school depository
The money of the school depository at
the end of each day SIS taken to the
Burritt Savings bank. Arrangement
has been made so that the accounts
of the children may be shifted at any
time from the books of the school
bank to the books of the big bank.
Last February there was cam
paign held by the pupils to secure
500 more depositors in the school
bank. The work was placed in the
| hands of a large committee with a
! representative in each room of the
school. The campaign was con-
| Quoted in an orderly and energetic
fashion. The school was flooded by
| posters and placards which were for
| the most part conceived by the
pupils. Such notices as the follow
! ing were used to great advantage:
"a penny saved is a. penny earned"
Wise people save their money; why
| not be considered wise ?'' Youth is
| the sowing end of the harvest field"
With the ald of these posters and a
! Thermometer which Mds each day dur
| ing the campaign the object of every
eye in the school and which. recorded
the rise in the number Of depositors
in the bank the campaign was huge
success. 6O2 depositors were secured
altogether and, on a single day the
| last of the campaign, 2SS accounts
were opened in the bank.
One of the joys of the pupils is to
| bring their deposits into this bank. It
| was found after much investiga ton
| that almost every child in the school
| has an account in some bank or the
| child saves at home. This propensity
! to thrift has been attributed directly
! to the good work of the school deposit
| tory.
The practical work connected with
| the depository is of inestimable value
| in training the pupils. Habits of neat
ness are incalcated Practice in book
keeping and arithmetic also helps in
the training of the pupils. The &C
counts Of the children are verified at
the end Of each day by Miss Elizabeth
Aisenberg who supervses the bank
or the faculty.
Most of the money that is saved in
( the school depository is earned by the
| pupils. The pupils seem to have en-
| tire charge Of the depository for they
! not only run the bank and act as de-
| positors, but the boys of the practical
i arts course made the exterior O the
| depository and the fixtures of the
| bank.
, All the money deposited by the
eighth grade pupils is withdrawn at
| the end of the school year. One of the
| purposes Of the pupils and especially
the girls in saving in the depository IS
| to accumulate enough money to pay
the expenses Of graduation. There are
very few accounts withdrawn during
| the year. At the end of each day a
report is made to the principals office
about the business of the bank dur
ing the day
Principal w. c. French and Miss
| Aisenberg, who has supervised the
| work of the depository. report that the
depository. has been a great success
| and that as many as 1000 depositors
are expected this school year.