Alameda High School - Acorn Yearbook (Alameda, CA)

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The High School Savings System - THIS the High School Bank?” asked a business man of Alameda. “Yes,” replied Mr. Evans. “May I inform you of our work ? Just step inside where you can inspect more closely. A student in the Commercial Department is sent to each Grammar school one day a week to collect money deposited, make deposit tags, and make a double entry, one in the depositor’s bank book and another in the grammar school’s duplicate. Money and tags are then brought here to the High School Bank. The first boy, the one count- ing the money, is the cashier. The fellow over there by the adding machine is totaling the deposit tags. The tags and money must balance. We have a checking system with the teachers whereby any mistake can be found. When the tags and money balance, entries are made on the day book. From here entries are made on the individual folders kept here in the bank. After these entries are made they are audited by a faculty member. After the business day closes at 1:15, the young lady now using the typewriter makes out a financial statement.” “Well, how do you get by the state banking authorities here?” “The state law allows school departments to install School Savings Systems by the permission of the Superintendent of Banks. The law defines such school-savings-systems as branches of some specifically appointed savings banks that have agreed to collaborate with the school department. We are affili- ated with both the Alameda Savings and the Citizens’ Savings Banks. Our collections are turned over every afternoon. Everything is done just as at the main banks. The regular 4% is given and accounts of one dollar and over draw interest. The figuring is done at the beginning of the term when 5 banking is dull and clerks can devote more time to it. “Does the bank fulfill expectations?” “T will put the history of the bank before you and let you answer the question. The bank was installed in the spring term of 1914. High School accounts only were handled. The students received the idea of a bank with great enthusiasm and by October about $2500 had been deposited. The depos- itors elected directors, who elected officers. The finances of the grammar schools were then handled and have proved to be our chief source of collec- tion. High School accounts have diminished through graduation of large de- positors and failure of Freshmen to realize the advantage of the bank. At present we have for Alameda Schools 1,825 accounts with a total deposit of $4,855.22, but before the Holidays we will have a total deposit of over $5000. —Harold Larkin.

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During Banking Hours

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thay ti, we ee aD gia P q Forge and Foundry Work “IT IS TO A MECHANICAL INSTINCT, WHICH IS FOUND IN MANY MEN, AND NOT TO TRUE PHILOSOPHY THAT ARTS OWE THEIR ORIGIN.” —From Voltaire’s “Letters on England.”