Show SENSIBLE SA SAVING VING VS SENSELESS EXTRAVAGANCE The rather staggering sum of is on deposit in Los Angeles banks carried in accounts accounts by by school children This is the statement of A. A H H. H Thomas Junior Vice-President Vice the Pacific Southwest Trust and Savings Bank who is President of the Los Angeles Banks Banks' School Savings Association The purpose purpose purpose pur pur- pose of this association is s to promote thrift and thrift education in the public schools of the city School banks in the United States now have on deposit in institutions with children as tors They TheS dr drew w interest on their deposits during the past year Such banks are now in operation in 39 states There are better than five hundred juveniles in Manti l who have a savings Account in the Manti l City Savings Bank and their combined accounts between 2000 and These young depositors are are on the right track and if their business business business busi busi- ness ness like methods continue they will never be a burden upon society soci soci- ety I It is not necessary to make nake misers o of children but it is inn in their own best interest to discourage senseless extravagance and encourage systematic saving 4 Principals and teachers have cooperated in this movement From Prom June 22 1923 to October 1 1 1925 1025 Los Angeles school savings savings sayings sav say ings grew from to r |