SAYING PUPILS’ PENNIES.

Temuka Leader, Issue 2009, 18 February 1890, Page 4

SAYING PUPILS’ PENNIES.

All the school children of Long Island City have an excellent opportunity of putting into practice the old axiom that “Economy is wealth.” Three or four years ago the banking system was introduced into tho various public schools in that city. Collections are made every Monday morning, and those pupils who are saving and careful of their money find great pleasure in responding to the question, “ How much have you got ? ” Each pupil is furnished with a neatly piloted card, on which the deposits are credited. These cards are highly treasured. They bear these inscriptions : “ Good principles and good habits are in themselves a fortune.” “ The habit of saving is an essential part of a true practical education.” On the last page are these mottoes ; “ Take care of the pennies and the dollars will cake core ot themselves.” “The masses know how to earn better than how to save.”

One cent or upward can bo received by the teacher. When the pupil has a deposit of Idol or more a hank book will bo'given free of charge from the bank. _ The pupils arc requested not to withdraw deposits until the amount reaches Bdols, except in cases of sickness or removal from the city ; but if the deposit should be withdrawn, and the amount has been less than 3dols, the bank will charge ten cents for the bank book. Deposits of Idol and over bear interest. The bank books of the pupils are kept by the principal as long as the children attend school. If they want to leave the school, or at vacation, the book is given to them, and they can withdraw their money; but they will require tbe presence of tbeir father or mother and .the signa* t»ra of the principal!