Evening star., 1921-12-01
|H|GH SCHOOL BANK
| IS TEACHING THRIFT.
Business Students Display
Great Interest in Growing
Institution.

1t was not pay day, for School chill
dren have no pay days, financially
speaking. Still, there was long line
of students today in front of the
Business High School Bank. which oc-
cupies an inconspicuous corner on the
top floor of the institution. In one
other small amounts of money to be
deposited to their credit.
Business High School students have
a reputation of being thrifty. II 9TH
erwise when they enter the institu-
ton they soon adopt the habit of
thrift, and in most instances uncon-
sciously. Often some of the students
fCregO an ice cream cone. candy or
other sweetmeat in order to increase
the amount of their savings in the
school bank.
1t was ten years ago that the Bust
ness High School Bank was conceived
and installed. Incidentally, it was
the first bank ever organized in
Washington school. Its primary aim
was to train students in handling
money and inculcating the habit OF
saving. These two purposes have
been accomplished admirably.
Officers Are Bonded.
The bank Is under supervision of
F. f. Lucas, n bonded faculty adviser.
Two other officers, the president and
runner. also are bonded. There are
total of fourteen bank officers, ten
representing the student body and
four the faculty.
The officers audit their respective
books twice a week, and on the first
day of each month the head book
keeper sends a financial statement
to the board of education. which is
placed on its files. Every year all of
the banks books are carefully pc
rused and audited by the admins
trative officers of the public school
system.
With the name Of the Washington
High School Bank, the savings insti-
tuition opened in 1911. with Leon F.
Cooper as president. Its work and
progress was watched with much in
terest. At the end of it's first year
the bank had succeeded in securing
more than 800 depositors and had on
deposit over $1,000.
Deposits Total S1:,OOO.
The bank last year had 1905 de-
positors, while the amount held in de-
posit totaled more than $4,000. 1t
also received considerable sum on
its loans. OF the total amount on de-
posit, more than $1,000 was deposited
by the student body and the remain
ing $4,000 was deposited by the vari-
Gus clubs and other organizations of
the school.
Bank officers expect to reach the
5000 limit on deposits this year. II
this amount is reached, it Will be the
largest on record. In fact. the bank
has grown to such an extent that the
department of business practice.
which was instrumental in organizing
it. pays little attention to its func-
| tions. The business practice depart
ment. however. had added to the
banks equipment by purchasing
several calculating and other ma
chimes, which help to facilitate the
work of handling the deposits of the
students.
among the student-body by the stu
dent officers. These officers are chos-
en- from those students who excel in
bookkeeping and arithmetic. How
ever. every student had an oppor-
tunity to become a member of the
| bank staff during his years at bHsl-
ness. The bank is one of the few
organizations that every student can
| join.
F.; Deposit Minimum Ten Cents.
| ANY deposit from 10 cents up is re-
ceived The bank is open for business
! in the morning before school, during the
! lunch period and after school hours
until $3.50 o'clock. Deposits OF 50 or
more receive quarterly compound in
| terest at the rate of 3 per cent. A
passbook is issued to each depositor
and upon its presentation he may de-
] post any amount and withdraw the
money up to the amount of his balance.
Money on deposit in the bank is abb
solutely safe, as it is placed in several
of Washington's largest saving insti.
| tutions No money is kept in the school
| bank overnight.
The school is proud Of the bank Each
wear it has answered the call for the
| of In nj. through
! this appreciation of the students and
the cooperation that the bank has OBJ
| tanned the success which it now pos
| sesses. =.
Miss, Mildred Pierpont is president Of
! the bank. Other student officers are:
| Dorothy Lauten, vice president; Flor
| ence Rizzo. cashier: Helen Sticlel. tel
!, ler: Dorothea Wassman. head book
| keeper; Hazel Money, first bookkeeper:
! Martha Lavisson, second bookkeeper;
Thomas King, clerk, and Lee Hoskin-
! son, runner.