Jasper County Democrat, Volume 20, Number 51, Rensselaer, Jasper County, 26 September 1917 — OPEN SCHOOL SAVINGS BANK [ARTICLE]

OPEN SCHOOL SAVINGS BANK

Pupils May Make Deposits of le and Upward. C. R. Dean, superintendent of the Rensselaer schools, assisted by the students of the commercial department of the high school, has completed arrangements for the opening of a school savings bank. Pupils of the fourth grade and above may make deposits of 1c or more at stated periods and upon the first deposit each will be presented with a pass book in which all of his or her deposits will be entered. The bookkeeping and conduct of the bank will be in charge of the bookkeeping class of the commercial department, and will be along the lines of regular commercial banking. The establishment of this new feature will have a two-fold purpose. It will encourage the pupils to save their money,, and will also give to all a broader insight into the banking business, which will be of inestimable service to each in later life. The sums placed on deposit in the school bank will from time to time be placed in the various banks of Rensselaer, and all funds thus handled will be strictly accounted for and absolutely safe, as all deposits and withdrawals will be accurately entered in the school ledger. When any one pupil has deposited a sum of $1 or more he will be encouraged to withdraw the same and open a savings account in one Of the Rensselaer banks. All of the pass books, deposit slips and other supplies needed in the banking department are being made by the students of the commercial department.