SCHOOL SAVINGS BANKS.

Pelorus Guardian and Miners' Advocate., Volume 8, Issue 28, 5 April 1907, Page 3

SCHOOL SAVINGS BANKS.

OoiDupjr an Important Plana in ta« IKiucaiioiml Sratem of the Country, y The school savings bank has grad* ually come to occupy an important place in this country's educational system. While it m nowhere obligatory that teachers or school officers shall assume these new responsibilities, they in many cases have volunteered to adopt the plan when ita benefits have come to De. understood. In many parts of the United States, and especially in the west, the recent development, of the school banks has been rapid. California has established the system in a number of towns and cities within a few months, and there arc indications that the practical teaching of lessons of thrift ki the public schools may soon become general, says the Philadelphia Times, It is stated by the statistician of this movement that there are now :;,6SB school banks in the United States, which have <>:i,r>o7 depositors. The amount deposited in these schools since the work was established is placed at $570,000 and the amount remaining on deposit on January 1 last was s:ir,.V)oo. It is doubtful, however, if these ligures are complete. In Montgomery county, in this state, where the work seems to have advanced farther than in any other section of the country, the scholars have deposited in aOout. ten years no less than $17:1,000, and on January 1 last 4,00'J depositors still had in bank s'lo,olß. I» Atlantic City the deposits amounted to $6,370 during tibte last school y_ear. -- - -