New-York tribune., 1921-05-08
Teaching Thrift
Recognized Need
In Public School
Savings Banks Develop Eeo
nomic Traits and Value 4
Right Living, Says Jacob,
Elmira Superintenden,

"fhe school savings bank il q, =
portant factor in an educational .v....
which should encourage The s.v;.
habit among children" says Asbs,
Jacoby, superintendent Of school, -
mira, N. T.. in commenting upon !,
long standing interest Of the Amey;r.s
Bankers Association, savings bank 4;
vision, and its many thousands Of m..
Der banks. He writes:
IAN experience of nineteen Years ,d,.
school savings banking has er,,,-
strengthened nv first conyiction -.
they could be made to serve ~.
useful purpose in public education
Saving is necessary to thrift. ana >.
welfare of a community depenss ~, w
upon the intelligence and the ,sn~;.,. "
ness OF its people and upon their tbSss,
The school savings bank helms ii'' -
| very concrete way to deyelop 80
traits and qualities. 'aea
| The school savings banking sv,.,,.
provides an easy and attractive wsy sA' en-
the children to deposit their ros,.s .~
which otherwise they might spenS =,
tmngs merely to crafty nss,;n.
wnlm and of little or no value "a s 49,
BESIDES, depositing money in a hsnh
where 1t increases in amount throras
| interest additions, impresses nrsa
| children the value Of proper car. spee ~
theIr savings. A bank account s;v.. :.
scnlldren, as 1t does adults. a senss =
I"proprietorship and responsibility ~, V
sense OF security for the futn,. s
winch they may not have possessed
Ihe need Of thrift teaching IN a..
| schools has been recognized for = IaS.
time by our foremost educators. TIss
school savings bank is a heIu in h,;ru
ing nome to the children the n.s5 s.
economy on the money side and Ss..
economy should mean to the indjv;a,,.,
ana TO the people as a whole
! Inc school savings bank heIns -.
school to teach the value Of monev 'ss :.
means to right living. 1t il MT
enough to teach children how 10 saw s
money. We must teach them hos -
spend money as well.
THE school should teach them n.
distinction between spending mousv
Tor things necessary for ones welfars
and for things wanted but not ne4dsS
! between what is beneficial and what !,
detrimental, and between spend;,r
which benefits others and that wbies
| is selfish. "''sA
SIT should stress the real value AZ
money to the individual and as Near,
CT community development along eco.
nornic lines. 1t should e1lphasise the
truth that there cannot be proper say.
ing without honest earning and rigbt
spending. 1t is just as legitimate for
the schools to give instruction regard.
ing these things as it is to teach the
fundamental studies.
"But thrift teaching should includ.
more than the mere saving Of monev,
Thrift means care and prudence in the
management of all our resources-ms-
terial, physical, mental and moral. In
brief, it is the right use and saving
CT all we have. The school should
teach children how to use books and
materials. 1t must plan it's daily pro-
grams to get the best results each min
ute of the day. 1t must teach the best
methods of study and in other wsys
help the children TO help themselves
To the greatest possible extent without
waste of time and energy. It must de-
Felop and train their characters SO
tlat they may be useful and helpful
| TO their fellows and to themselves. All
tkis should be part of our thrift
program. The school savings bank is
an important factor in this program"