With the approval and cooperation of the superintendent of schools, the principals and faculty, the Dukes County Savings Bank has instituted a school savings plan design to encourage thrift by regular savings. The teachers are provided with signature cards, the first step toward opening an account, and a deposit envelope for the first deposit. At least five cents is required. The bank will issue pass books in the name of all students.
“Preparation for the future makes school days more interesting,” says the leaflet distributed to the students. “Savings opens the way to higher education...Saving doesn’t mean doing without the things you really want - it simply means putting aside to spend later on.”