The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-18
Janitors Report They Do
Not Pick Up Nearly
So Many Wrappers
THRIFT BANK CAUSE
School Institution Has De
veloped Thrift and Done
Away With Spending

last Ee1I candy lubbing salc4mcn
complained that their orders from
Tulsa merchant were fewer ana that
the amounts involved were smaller
Ergo. iauit... m these samo public
school buildings found that their
work was considerably lRhteuod
school room floors were no longer
StfcWu with chewing gum ana candy
Wrappers lt the close Of the day.
The lulaJ Juvenile Thrift bank il
the reason for this Last year 1000
Tulsa school children were bank de-
pos.turH This meant that pennies
ana ul'kDls and dimes. instead of
going into tho groccts or CoufoC.
TONERS cash drawers, went into tho
thrifi bank And M the cloec of the
school year this month, the banks
rcsuure's were 317.7gO.37. "A total
made possible by the accrued savings
of hundreds and hundreds OF chill
drcn who are learning In school that
which many of their elders have
never mastered, tho habit OF thHft.
Future Citilcnship.
Believing that effective training In
thrift viii eventually mean grasp of
civic and economic principles that
make for good citizenship, the thrift
system. with tho Tulsa Juvenile
Thrift bank its organizing agency
was organized In the fan of 1918
In conception ana In organization II
is unique In the United States Ac-
cordlng to Its bylaws, none but
teachers and pupils of the city
schools may become stockholders.
stock Is divided into shares of 81
each, and each stOckholder has ono
vote for every share he owns. Not
less than two aud not moro than
fgI 81 .
the board of directors, made up OF
eight people and that meets twice
a year Tho bank manager, the
teacher of banking in tho high
school appoints the cashiers and
huokkeepers. who often for DAYS at
a time Themselves handled the bust.
ness of the bank without making a
mistake
j. 7. Horner Is director of thrift |
In the schools. For three years he |
has given virtually his entire time |
to this work, beginning before that |
time In that capacity by giving "A lit |
ITO extra time to the thrift bank |
when he was connected with the |
commercial department OF the high |
school with the recent resignation |
OF H. James Downing. just grad
uated from high school and who |
served last year as the banks presl- |
ldent the vice president Harry Day, |
became president. Day will be n |
freshman IN high school next year
and is the youngest bank president.
so far as Is known. in the United
States. Norma Clay, teacher of on
portupity school. is second vice presi- |
dent and Helen ". Jones, high school |
graduate OF 1929. third vice presi.
dent. New officers viii be elected |
al the meeting of the board in Sem |
tember.
Started With Stamps.
on the board of directors are the
officers who have just been named,
and w. A. Dean. principal OF Spring |
dale school. and chairman OF tho
board, Elizabeth Schaur, central
grade teacher, Earl Barrett 1929
graduate, and Ted Gore, 1929 grad
uate. Buren, London. 1929. is cash
Ter of the bank, Frank Moss, 1922
assistant cashier, and Henry wal |
tiers, 1928, is head bookkeeper.
Al tirst the capital stock was used |
10 Keep supply of government |
thrift stamps on hand TO sell to the |
city schools but later II was invested |
W cthe: s.:c securities. il STOCK |
certificate. Ilorner pointed out. does
not guarantee anything but the re-
turn of the money invested on de-
mand, No interest is promised, but |
no stock that has remained In the |
bank during the interest period, six |
months, (May- -Noveinber) has been |
paid back without interest. The in |
terest has never heon less than 10 |
per cent and has boSn as high as 20 |
per cent,
No person IS permitted to own |
more than 100 shares OF stock. At |
present there are 23l stockholders |
holding 1880 shares, averaging |
Sl4,45 for each shareholder. In
three and onc-half years lS9 stock |
holders have drawn their stock. Ad- |
dlng this 10 2Sl present stockhold-
ers makes total of i20 stockholders |
In the bank during its existence.
How They Deposit.
In order that money might he in |
vested I'm the bank by the children |
in small sums, which Ia usually the |
way they had money. automatic re-
ceiving tellers were installed In all |
the schools Of the city IN 1920. These |
machines take the Childrens savings |
IN denominations Of j. b, 10 and 25 |
cents ana issue stamps therefore. |
These are good at any bank in tho |
city for savings accounts. They arc |
good AT the thrift bank for cash or |
stock certificates. Deposits of the |
10000 children who put money into |
mo bank during the last school year |
totnled &A,6i73S at the end of the /
year and OF this amount $4,000 was |
deposited during the tall months. or |
onc-third OF the school term. JEFF. |
forson school and Springdale reached |
the 100 per cent mark ana River |
view reached 90, Dunbar school. the |
colorcd school that last year burned |
down and was rebuilt, also made a
100 per cent record. Central grade |
and Lombard are 100 per cent.
BY use Of an automatic check |
which cannot be overchecked |
known as common stock |
check students, and teachers |
may mayo checking accounts |
in this bank All different |
organizations of the high school keep |
their funds in this bank, which are |
drawn out on orders receiving the |
principals %. Is, making 60 addt- |
uorHl accounts for the banking stu |
dents 20 keep
The high school subject ot bank |
Ing is divided into two classes bank !
ing one and two The banking two |
students receive and pay cash bal |
ance and prove the cash book every |
day, Tho banking one class posts |
an items from the cash book to |
The other books.
Kept Accurate Books.
Before the Tulsa Juvenile Thrift |