This Day in History: 1927-01-04
Although, presumably, most children who received money for Christmas may have had some of their own ideas about what to do with it, many of them followed their parents’ advice and put it in the bank. The school announced that for the week of January 4th the astonishing total of $199.00 had been deposited in the school savings bank. The school was hailed for giving children such a “splendid opportunity” to learn the advantages of saving at an early age.”
(Bristow)