Page 36 - 1920 February - To Dragma

TO DRAGMA OF ALPHA OMICRON PI 119

checking account w i l l foster at least a slight interest i n this most
important science o f banking and should cause a legitimate inquisi-
tiveness into such matters as the usefulness o f a bank, the meaning
of endorsements on checks, the functions of clearing houses, and
other kindred topics. N o educated person can today a f f o r d to be
without at least an elementary knowledge of the subject of money
and banking.

T h e possession of a checking account f u r t h e r should stimulate
financial responsibility and accuracy on the part o f its possessor. I t
takes only a few failures to make out a check stub whenever a check
is drawn or to make note of a deposit i n the bank whenever one is
made, to bring home the importance of handling with exactness one's
personal financial affairs. T h e use o f checks as f a r as possible i n
the payment o f b i l l s also enables a person to "see where the money is
going," since, i f check stubs are properly made out, each month's
checks w i l l present something of a financial history f o r that m o n t h .
Since many college students are on monthly allowances f r o m their
parents or others, the use o f checks is thus particularly valuable to
them i n inculcating ideas of making both ends meet, i n other words,
of trying to arrange a budget of income and outgo.

For such reasons as these, no young man or woman i n college who
can afford to have a checking account should be without one. I t is
not a luxury but a necessity, and a necessity not only f o r the advan-
tages it gives day by day, but i n the lessons i t teaches, and the incen-
tives i t gives i n financial responsibility.

SCHOLARSHIP AMONG THE CHAPTERS

RHO—Dorothy Brunniga, '21, has a straight average of " A " for the year.
The chapter holds second place among the fraternities at Northwestern.

LAMBDA—Lenell Garvin, '19, was elected to Phi Beta Kappa, at Leland
Stan ford.

I 0 T A — A O I I Chapter holds the first place in scholarship, at Illinois.
PHI—Holds second place in scholarship at the University of Kansas.
OMICRON—Eleanore Burke is Phi Beta Kappa, at the University of Tenn-
essee.

T A U — H o l d s second place in scholarship at Minnesota.
BETA P H I — T h e chapter is third in scholarship at Indiana.
ALPHA PHI—Holds first place in scholarship at Montana State.
Pi—Magna Chalaron stands first in rank in the senior class at Newcomb.