The Colonial Hill School Savings-Bank Plan

Abstract

The value of thrift is one of the prominent lessons of the great European war. Many observers believe that the decision will finally rest with the side whose citizens have saved the most money. The long British purse and the sock of the French peasant are of historical importance and must be even more valuable now. Americans are often said to be a nation of spenders, who waste enough for other nations to live on. Our enormous natural resources have thus far supported our extravagance, but recent clamorous outcries in every newspaper and magazine, and rumors of municipal, state, and federal investigations, point to the coming of a period of enforced retrenchment when pennies must be counted and the budget plan of spending begun. It is a matter of national and individual safety. The Bankers Association has passed resolutions, an American Society for Thrift is organized, the federal government has devised the Postal Savings Bank, and the National Education Association approves carrying the practice of thrift into the schools.