Los Angeles herald., 1910-10-07
DR.. BURDETTE ADDRESSES
FlNANClERS ON THRIFT
Annual Session of Savings Bank
Section Held in Auditorium

The annual meeting of the savings
bank section of the American Bankers
association opened yesterday morning.
The members assembled at 10 o'clock in
Berean hail. Temple Auditorium, and
until 1 o'clock in the afternoon were
busy listening to reports and addresses
in connection with savings banks.
An address which, while delivered by
q non-member of the section, created
favorable impression, was that of the
Rev. Robert j. Burdette on Thrift.
DR. Burdette spoke to the assembled
financiers for almost an hour and with
the exception of an occasional outburst
of laughter there was not sound in
the big hall during that time, the
speaker holding the attention of his
auditors from start to finish.
He first spoke of the word thrift as
defined by the dictionary and by the
several different classes of people,
drawing a picture of the man called
thrifty by the world at large. Con-
tinuing he said:
PHILOSOPHY OF PRUDENCE
"There is a vaudeville song which
had great vogue few years ago, which
embodies a most excellent philosophy of
thrift. Being a minister, had to learn
1t from my sons, but they say l sing II
very well-for a preacher. The refrain
runs like this. Every little bit, added
to what you've got, makes just little
bit more
THAT is the philosophy of worldly
prudence and thrift, and it is excellent,
so far as it goes. The savings bank Is
the best school Of the best thrift.
"A little tin savings bank on the
mantel for the baby; little iron one
on the table in the boys room; big
vault of chilled steel for father; a lit
tie corner in the bureau drawer, where
everybody else can get at 1t, for moth
er. All good training in saving. Lay
by little bit of 1t as 1t comes In.
"a little bit out of every pay en-
velope, enough to patch the leak in the
roof, enough to provide for the rainy
day, enough for the little holiday once
in a while, enough for new book and
IN evening at the show, enough for the
dreary days of sickness.
Enough to pay every bill when 1t Is
presented. Enough to take up the note
when 1t Is due. Enough to save mar.
from becoming the unmitigated NUS
ance that is always borrowing quarters
and halves, knowing they are obliga-
tions too small to justify dun.
CARFARE OR THE WALK
Enough to save the humiliation of
walking home because you haven't the
carfare Enough to enable you to fear
leSSlY meet TIE eye VI hlAO ACeSCh HhS ~
comes down the church aisle with the
basket.
Enough to make you sure of finding
the dime in the corner of your pocket
when you dive after 1t.
Just enough in the bank so that
when your wife needs a little extra
money for little emergency demands in
the household she won't come to you
with the air of a woman who has made
UT her mind to suicide or murder, and
doesn't care very much which.
That's thrift. That makes man
rich on a salary, and no man ever yet
got rich on a salary. But he can ac-
ouire the habit of thrift. on the small
est salary, and that is much the same
thing as wealth.
The section was called to order by its
president, William r. Greer, and prayer
was offered by the Rev. Hugh K.
walker, pastor of Emmanuel Presby-
terian church. ]. d. Radford, vice
president of the German-American Saw
ings bank, welcomed the delegates TO
Los Angeles, and his address was fol-
lowed by the address of the president
President Greer touched principally
on the new postal savings bank, stat
ing that the public in general did not
understand the attitude of the bankers
in regard to the new bank; that the
savings bankers opposed it not from
fear of competition, but because they
thought it unnecessary and Impractical.
He stated, however, that now the post
al bank was established, the savings
banks would do all in their power to
make it a success.
REPORTS OF COMMITTEES
The arecorts of the executive commit
tee and of the secretary were next In
order, followed by the report of the
postal savings bank committee. Its re-
port did little but restate the sentiment
expressed by President Greer, and was
accepted by the section.
The reports of the committee on saw
ings bank laws, on auditing and on
membership were read and accepted,
following which short addresses were
made by James M. Mckay on "The
Building and Loan Movement in the
United States'; j. H. Johnson and r.
II. Welch on 1.-THE Segregation of Saw
ings Deposits; Robert j. Burdette on
"Thrift'; John II. Rhodes on Bonds
for Savings Banks" and Newton f.
Go ,tV,e Do he