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Teaching Thrift To The Young

Teaching Thrift To The Young image
Parent Issue
Day
27
Month
October
Year
1897
Copyright
Public Domain
OCR Text

The number of minors who becoine depositors in the postal banks of countries having the system in operation is very large. It is principally for the purpose of encouraging cliildren to save that provisiĆ³n is made for stamp deposita. In Great Britain, for instance, the smallest deposit which will be received and entered in a passbook is 1 shilling, or 24 cents. However, smaller amounts may be saved by stamps. A child with a penny may buy a stamp and affix it to a card. When tliis card contains tvvelve stamps it can be deposited as a shilling, and the depositor is entitled to receive a passbook. This arrangement makes the institution very popular amoug the cliildren and is so convenient as to stiinulate them to make use of its advantages. In addition, the schools are frequently made use of as agencies of the postal banks for the collection of saviogs. The teachers receive the deposits of the cliildren and turn them over to the postal baukauthorities. Belgium is one of the countries in which the activeness of the savings bank are extended to the schoolroom. Out of 7,447 primary schools, inclusive of infant schools and the schools of primary iustruction attached to educational institutions of other classes, there were 4,708 which took part in the savinas bank business. The number of children in those schools possessing deposit books was 154,19-, of whom 86,309 were boys and 07,883 were girls. Including the schools above grade there were, according to a recent report, 5,05t schools of all kinds in which 200,847 pupils had saved 3,734,402 francs. Most of the schools of Belgium, therefore, it may be said, teacli tlirift and economy with their instruction in the elements of education. The spectacle of the postoflice of a country being used as a ineans for teachiug the young the value of saving and inculcating in them habits that will be of great use to them in later life should make every thoughtful person au advocate of postal savings banks. - Chicago liecord.

Article

Subjects
Old News
Ann Arbor Courier