The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1912-10-11
Systematic Saving
Plan for Children
They Should Be Taught the Value
Of Saving Says President
Worst Of Fargo

"Whatever philosophy or religious
sentiment man may entertain, there
is no getting away from such funda-
mental necessities as food, clothing and
SHELTER" said President Worst of the
agricultural college in a recent inter-
view.
"These may be meagre or elaborate
according to a family's taste or ability
to provide them. While young and
active, a married couple, (and sensible
people marry thus) should be able to
more than provide for the necessities
of everyday living.
However, to even provide for pres
ent wants is not so easily accomplished
when one reaches the decline of life.
Nature evidently intended, therefore
that man should be able to accumu-
late, during the years of his active
manhood, sufficient sum of money to
make provision for some form of pro-
ductive investment-the income of
which will support him and his wife
during their declining years.
ITO make sure of this old age pen
sion, young couple should begin their
career by setting aside fixed sum per
week, month or year, which in the
course of forty or fifty years, will in
sure sufficient income to support
themselves thereafter, at least in
modest comfort. The savings bank
makes this possible. No family should
hazard entering the decline of life with
less than such an income. Moreover
the economic condition of the country
should make this possible and the edu-
cation of our youth should emphasize
the Importance as we'll as possibility of
making such provision for old age.
ITO effect this beyond question pre-
arranged portion of the family income
should be set aside for permanent in
vestment, with absolute regularity,
and under no circumstances should any
portion of it be disturbed during the
period necessary to accumulate the de-
sired principal. On the farm this is
easy. A single cow (not the same cow
however,) will produce, in the course
of fifty years, an interest bearing cap
ital of from $4,000 to $4,000. The
annual interest on this sum of money
is ample to provide an elderly couple
with every comfort. Again, the egg
money derived from an average of fif-
ty chickens will, in the course of fifty
years, make an elderly couple comfort
able for life without impairing the
principal sum at interest.
''If working on a salary, then a
specific portion should be set aside,
weekly and monthly, for this old age
pension it is simply a question of
making some sacrifice, either while one
is young and can easily endure it, or,
as is too often the case, making a
more serious sacrifice in the decline of
life when one feels the sacrifice of COM
fort more severely.
eff our public schools would pay
more attention to giving instruction in
systematic economy, even if it become
necessary to somewhat abridge the
instruction given in such traditional
subjects as ancient history, algebra
and Latin, there would be fewer pau
pers, less old age penury and, doubt
less quite as much culture
"Reactionary educators may sneer
at things practical but, after all, the
practical things govern in this world.
Those who would enjoy culture should
produce the means that support it;
otherwise they are compelled to prey
upon others which, to sensitive people,
robs culture of its principal charm" 7"