Flint School e-Museum
Many of the kids came from very wealthy homes and were maturing with a very distorted sense of the value of money. Occasionally, some kids attended on scholarships. To give everyone a fair and equal start, $45 less $10 for room damage deposit was issued to each cadet for the year. The idea was that this was a loan from our parents to be repaid at the end of the year. Some kids blew the money in the first month and some learned how to nurture and ration it till the end of the year like myself. While Jimmy Carter was inflating, currency was a very precious thing on board. Bringing money on board was against the rules and was labeled 'deceit money'. If you were caught with deceit money, it was confiscated till you returned home, your rank was demoted to land-lubber and placed on school's restricted status.
As you can image, the economy of these ships was tight. ($35 x Population of Students)+Staff Patronage+Wages. Some of us made money from washing dishes, chipping rust or merchandizing. I had two pretty lucrative years by brokering candy. This was free enterprise, but after I had half the students owing me money, the Captain George Stoll finally lashed out and called me a Sugar Pusher. He was right, I was not encouraging the other students to practice money husbandry. Thoroughly humiliated, I decided to broker pens and pencils instead and barely made a dime.
After the school closed, George went on to publish articles for Wealth Magazine. Wealth Magazine was published by Jim Blanchard, my employer at the time. You can view two of the articles on Allowances and Inheritance here.