Five years ago the School Savings movement reached a slightly dizzy peak when 4,500,000 U. S. youngsters deposited over $29,000,000. In schools throughout the land "home rooms" vied for banners signifying the highest average of depositors. All-city champion schools were rewarded with kind words from superintendents. And any wretched pupil who failed to deposit his weekly dime was disgraced. Since that time, annual school savings have tobogganed to about $10,000,000.
When St. Louis tardily organized a school savings system in 1929, one of its bitterest opponents was Assistant Super intendent Henry Joseph Gerling,...
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