El Paso herald. (El Paso, Tex.) 1901-1931, 1914-05-02
Too Much Extravaganza
Inclination to spend Money Foolish
y Is Handicap TO Thrift and
Strain OF Capital.
BY T. d.

y one is economically useful IN
less he saves Il portion Of his income
for the benefit Of industry-Laurenee
u. Symmes-
Z 7 is rather an interesting commen-
tary on things as they are hat in
4 New York City personal income
taxes a-ggregating $4,000. 900 were be-
ing reported while at the same time
there were heard the mutterings OF an
army OF unemployed said 70 number
upwards OF S00,O00 men
New York is the head n center OF
extravaganza in this country Al 9TH
er cities follow its lead and the smaller
communities initiate the larger cen
tiers as far as they can. As il is all
over the United States, so il is all over
the civilized world great strain Is
being put upon capital by a widespread
extravaganza which is behind ali local
causes advanced 10 explain conditions
sands.
AS a prominent economist says:
without war and calamity the worlds
capital might have WithstOOd the other
exrravagances OF the day. On the other
hand, without personal extravaganza,
the cost Of unavoidable misfortune
might have passed unnOticed. Both
have occurred. however. and the cues
ton arises-is il not just possible that
the strain has been greater a capi-
tai could bearZ Is il not reasonable 10
assume that prosperity caunOt return
in full measure until the damage is re-
paired? Nay We not expect enterprise
TO wait until the effect Of conservation
Of all kinds begins TO be felt2
The Cost Of One Nights Suppers.
The manager Of a large cafe in New
York City is reported to I'VE estimated
that New York on New Years y
spends S2,5OO,0O0 in suppers, theaters,
cabs, saloons and tips to walters. One
fifth Of that sum would build many
an industry Suppose 200, 600 indiyid-
uals who nave spent in any Of the
larger cities $500 annually in tips, caps,
theater ticket commissions, etc, shC-ld
deposit their money in the banks and
thus turn il into Legitimate enterprises,
there would be 500, 600, 900 to help
I make prosperity and keep II
While it is true that women. as a
rule. are more Inclined to be thrifty
( than men, yet it can be said, without
{ lack Of ~gallantry TO the fair sex, that
many women are almost totally lack
ing in the thrift instinct.
In some cases, the wife Is -he out
and-out e-N'ravagant member Of the
matrimonial partnership.
To any suggestion from the mere
man Who supports the h~ousehoId re
/ gardins the wisdom Of building up a
reserve fund in a savings bank account,
she never listens patiently
Possibly her retort on such occas-
ions is.
Make more money and tnel p :rhaFs
we a save some"
That is splendid advice. II be IRE
but suppose the good husband has
about reached the limi. Of his earning
capacity
Must Be a Desire.
Observation and experience alike
point unerrinEly 10 the conclusion tia
the desire and the willingness to save
something must precede the actual &C
c"Omplshment Of that purpose, be lne
annual income $500 or $4,000, and thai
the experience Of the person who puts
off saving is likely to be that OF me
procrastinating sinner to whom are al
dressed the words of the old hymn
If You tarry till you're better
You viii never come at al
Annd besides. what a resource IS
money in the banki How
interest adds to incomei And nov
much better and more effecIFelH s
man works when his mind is lIetO
from worry owe the present n ana
le5E Tor the future, g.
Money saved and nut awav sateiT ~
the hank IS q worry-6iilcr ahu .
"loon-dtsrnller. while r0mTonSe
thrift IN the Lone Pun. brings @r-'e
happiness than extravaganza ever c~'l