The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1922-12-23
School Savings Fund
Bank of Sumter: to Inaugurate
System In School

1dlffA VI -h0NttASSAt W Ass~>AS 80
System in School
The National Bank of Sumter
has started movement that .wil!
prove one of the best ways to help
beat the boil weevil to it. This
bank will early in 1923 inaugu-
rate In every white school Of the
city Of Sumter the School Savings
system which is the beginning of
q, campaign of thrift education
among the thousands Of. pupils.
E. Il. Reardon, secretary Of the
Sumter Chamber Of Commerce has
interviewed w. J. Crowsofl, .Jr.,
cashier Of the National Bank of
Sumter and reports the following
interesting information about this
savings system.
Mr.. Cnowson explained that in
each of these schools there will be
installed by his bank an automatic
receiving: teller in the shape of a
machine which will contain saw
ings stamps somewhat similar to
the thrift stamp of the denonina-
tions. of one cent. five cents, ten
cents and twenty-five cents. When
the pupil pushed the automatic
machine after depositing his or her
money astanap of. whatever de-
nomination is paid for will be
thrown out. Every pupil will be
supplied. by this bank with a fold
er in which to paste the thrift
stamps. When one or more dof-
lara;in stamps is accumulated this
folder is taken to the bank and
the stamps deposited in the reg
ular savings department and the
pupil is given savings depart
nent pass book. The pupil is then
enrolled as "a regular depositor of
the bank
%EVeHsthoagh the amount is small
the officers of the bank. accord
ing to: Mr. CreWson's statement,
will take as much Interest in: the
.smalideposit5 as though it We're one
OF the large amounts deposited.
The pupil will then be real as.
set tor the bank and to: the conn
nunity. - ~. t:s
Mr. Growson said that for two or
three years he has been investi-
eating the field and looking for a
practical school savings system.
This plan of stimulating the habits
OF thrift about to be inaugurated
was submitted to Dr. Samuel n.
Easnunds, superintendent of SUM
ter city schools and he IS very en-
th,Isiastie over the plan and be-
heues that the pupils will be only
too glad to take advantage Of this
opportunity offered them.
In order to create interest in
this proposition Dr. Ednlnnds had
AR RID. Epps and Mr.. w. J.
scr0wsoa, JJr., to talk to the pupils
of the Boyss high school and the
Girls high school, and on the day
the machines Or automatic reeeiy-
ing telleEs are Installed additional
talks will be made. The National
Bank OF Sumter has the approval
and cooperation .of toier Sumter
banks in this movement to en-.
courage the pupils to- save their
money Nothing. from an eco-
nonaic standpoint could be deHe
towards reaching boys and girls the
value OF being thrifty and saving
their money orTat least "a good part
thereof than this convenient and
tempting method OF saving spre-
edaataeousid derable cost by this
bank. ~, .i;::-sSs *
ndaring the formative period of
their lives the boys and girls conz
tract the habit OF putting aside. a
portion of their money or earn
ings they Will In later years be; i'm
pressed with the value ofsthes Gus
torn from: practical experience in
savings and in banking experience.
This school savings system makes
a depositor Of every pupil makes
them more or less business men
and business women" doing busi-
ness with a regular bank and
drawing interest on their savings
deposits annually.
That the community and the
county viii greatly benefit in the
years to come by the education of
thousands of youngsters along
lines Of conservative economy is a
foregone conclusion. The Nation
al Bank of Sumter and the Sum-
ter city schools are to be con-
graduated and commended for this
admirable installation of plan
that means SO much to the thou
sands of pupils Of today and the
Years to come.
A. C. L. Train Wreck
Forty Persons Hurt IN Derail.
ctnyo. 90 -