Good evening, Dek,
I was fascinated too by this name. There is a thread on the Forum entitled "Penn Street Industrial School". If you go to Post #2, Alberta wrote "industrial schools were for children who were destitute or who it was thought might be in the company of people who were a bad influence,not having committed a crime but likely to do so if not taught the evil of their ways and kept busy.It was to try to help them keep out of Reform school".
Do you think this fits the bill?
Hoping you're well, David