Evening star., 1921-08-05
SCHOOL SAVINGS AN
IMPORTANT FACTOR
Now Total $3,475,867.96
Teaching Thrift-Lanston
Dividend Declared.
BY ]. A. FLEMING,

One of the special subjects of dis
cussion at the recent convention of
the District Bankers Association,
given considerable attention at the
| time. was School Savings"
Howard Moran, vice president of
the American Security and Trust
, Company. prepared the paper and
also heads committee to push the
work in Washington during the cur
rent year.
| impressed with the Importance of
school savings, figuring that few
thousands would cover the possibili-
! ties OF the scheme annually.
The American Bankers Association
! has given great attention TO the
subject. and is about to present a
complete report of it's workings in
the United States
Preliminary reports covering the
school year 1920-2l indicate an en-
from s2.s0O.31lIS for the previous
year to S3,475,S67.96.
The American Bankers Association
is encouraging the establishment of
such systems in every school in the
United States, either urban or in the
country. Teachers assist in the work
of urging thrift and they are aided
by addresses by bank officials and en-
ployes. The A. B. A. also furnishes
much literature.
The plan Of making each pupil a
patron OF savings bank is also
causing a thrift and saving habit
among the teachers.
Out of a total enrolment in 236
6S6,41s pupils participated in the saw
ings scheme.
Because of these activities" said
Charles A. Deppe. chairman of the
A. B. A. committee. men and women
Of the next generation are to have a
better understanding of business
| methods, of the origin and use of
capital, of the facilities for keeping
currency in circulation and a wider
and more general appreciation of the
services of banks.
In other words the pupils in the
public schools will learn these simple
rules of business which makes for
better citizenship and larger happi-
ness. these terms including proper care
| in the spending of accumulated funds.
either for consumption or investment"
There were two interesting sales in
bonds on today's session of the local
stock exchange-one a sale of an Ana
costa and Potomac River guaranteed
5s. and the second of the bonds of
| the same corpoI alton. sans the guar
| anty.
For the year to date $1,000 of the
! unguaranteed bonds have been traded
in at 13 for hign, down to o. with a
| recovery to %. Today $4,000 block
| sold at 6e, the year S high.
l The guaranteed bonds brought the
same price as ON lne rirst transaction IN
l them during 1871
Washington Gas was the active
| stockleader of the market. a number of
1 sales being reported at 43 to 42A. the
| closing figure.
Capital Traction shares brought
27h.
| Lanston Dividend.
The regular quarterly dividend of
Il l.
| Lanslon shares, payable August 81 "
stockholders OF record AugLsL ~.
ThlS Is Inc title OIL an auureSs which
1 A. T.. Fiather, mauager OF lue uepart-
ment OF new business OF the AmerIcan
| Security and Trust Company, Is ue-
lIIverinS tnlS afternoon Ia lne uanA-
ing course before the Scnool Ior sup
pay OIncers Oh the navy department.
Ihe lecture Is The IhIrd IN Inr course
| OF twenty-one. III wnicn all tae Iesu-
ing bankers OF washington Wall take
part
| Mr. Fathers talk will be appre-
| ciaLed by tne Navy boys, because OF
the especial facl mat lac served for
| twenty months during the war .on
lSnlppoard, anu he auiniIS that MS
| banking traiilnt prepared the way
Tor his SUCCESS al niaslering OF ane
problems oI na..ullns the duues of Sc
| NOR supply oiucer on Inc bridgeport
| and as hlSh as t"rty-two deelfoyefs
working III anu ouL uI Brest.
! The next l.c,u.c IN the course wlll
be on the e,-.. Mature ana Use OF
Money" by Ii. Deyuer, preSi-
Qenl OF the S,N-.a National Bank.
Diviu. ..s Declared.
| Regular Beef sugar dividend, S1.50- a
4 share on the L.eiSired, payable Sep
tember 10.
| Regular dividend declared on Ameri-
can Smelters preferred stock. keSu-
4 tor a tNyid ~, "A StandAld
Ion of New York, payable Septem-
ber l5.