Famous Givers and Their GiftsBolton, Sarah Knowles
History
Famous Givers and Their Gifts
Bolton, Sarah Knowles
Philanthropists
In the basement of the main building Mr. Pratt opened a lunch-room, a
most sensible department, especially for those who live at some distance
from the Institute. Dinners at a reasonable price are served from twelve
to two o'clock, and suppers three nights a week from six to seven P.M.
Over forty thousand meals are served yearly. Soups, cold meats, salads,
sandwiches, tea, coffee, milk, and fruit are usually offered.
Another thought of Mr. Pratt, who seemed not to overlook anything, was
the establishing of an association known as "The Thrift." Mr. Pratt
said, "Pupils are taught some useful work by which they can earn money.
It seems a natural thing that the next step should be to endeavor to
teach them how to save this money; or, in other words, how to make a
wise use of it. It is not enough that one be trained so that he can join
the bands of the world's workers and become a producer; he needs quite
as much to learn habits of economy and thrift in order to make his life
a success."
"The Thrift" was divided into the investment branch and the loan branch.
The investment shares were $150, payable at the rate of one dollar a
month for ten years. The investor would then have $160. Any person
could loan money to purchase a home, and make small monthly payments
instead of rent. As many persons were unable to save a dollar a month,
stamps were sold as in Europe; and a person could buy them at any time,
and these could be redeemed for cash. In less than four years, the
Thrift had 650 depositors, with a total investment of over $90,000.
Twenty-four loans had been made, aggregating over $100,000. The total
deposits up to 1895 were $260,000.
Most interesting to me of all the departments of Pratt Institute are the
machine-shops and the Trade School Building, where boys can learn a
trade. "The aim of these trade classes," says Mr. F. B. Pratt, in the
_Independent_ for April 30, 1891, "is to afford a thorough grounding in
the principles of a mechanical trade, and sufficient practice in its
different operations to produce a fair amount of hand skill." The old
apprenticeship system has been abandoned, and our boys must learn to
earn a living in some other way. The trades taught at Pratt Institute
are carpentry, forging, machine-work, plastering, plumbing,
blacksmithing, bricklaying, house and fresco painting, etc. There is an
evening class of sheet-metal workers, who study patterns for cornices,
elbows, and other designs in sheet-metal. Much attention is given to
electrical construction and to electricity in general. The day and
evening classes are always full. Some of the master-mechanics'
associations are cordial in their co-operation and examination of
students through their committees. After leaving the Institute, work
seems to be readily obtained at good wages.
Public-domain text, read in full here on John Shaqi.
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