St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1915-12-01
PRESS COMMENT


Savings and Trade Figures.
II there were need of further evil
dence that business in this country is
on the high gear, the need would be
supplied by the new high records in
the country's foreign trade, and by the
figures relating to postal savings de-
posits. The greatest favorable trade
balance the United States has ever
known is reported right now. During
the IL months ending with October the
foreign trade exceeded $4,000, 900, 600.
Imports were $1,691,74S.O and ex-
ports $685. 34.636 as compared with
imports of $3.50, 414.501 and exports
of $2,140, 1929 during the same IL
months previous. Exports of October
established a new high record. rising
to 1894. 63S,57S, which was $33,961,756
more than the former record made in
September. October imports were
$148, 529,620. The record trade bal
ance made during the month was
$186, 108,95S. The previous high bal
ance, made in February, was STA
100000. During the IL months end
ing with October, 1926, 528,779 in gold
came to the United States to pay the
debts of other nations.
These figures in themselves are sig
nif1cant of tremendously enliVened en-
terprise and industry; but corrobora-
tive evidence is found in the increase
of 50, 10000 in postal savings deposits
during the month of October, as COM
pared with the preceding month. The
official report very properly sees in
this increase "a clear reflection of the
great tide of prosperity and CONNER
cial activity that is sweeping over the
country" The total deposits, on Oc-
tober 81, of $71, 500, 600 in postal saw
ings banks show that, at the present
rate of increase, these deposits will
very soon aggregate dollar per cap
tia for the entire population omen,
women and children) of the United
StateS-a very creditable showing for
a new and as yet experimental system.
It shows not only that the people for
whom the postal savings plan was des-
igned not only have the disposition
to save money by that means, but have
the money to deposit and save.
These gratifying sets of figures are
based on two impor-
tant considerations, as follows: Cd |
American industry is availing itself Of
the saving influence of a great Euro
pean war which has providentially in
to prevent our being COM |
and industrially swamped by I
aw; and (2) the splendid increase in
business activity is in direct proper
ion to the increasing confidence in the
early restoration of a genuinely pro-
ective tariff. That the increase in
10Th instances will continue seems
safe to assume. Judging
rom the profeSsed attitude of either
ide in the titanic struggle across the
water. the war will continue until this
country has an opportunity to return
rom a potentially perilous tariff-for-
evenue-Only administration to a Re
ublican administration and a real.
afe and sane, protective tariff. 1t is
n this consciousness, without the
hadow of doubt, that American bus \
ness is manifesting the confidence
which makes these record figures pos
Union. s
Don't Spend All In Holidays.
The holiday season is one of spend
ng-of loosening the heart strings and
urse strings. Giving at Christmas,
nd paying bills at New Year-both !!
pen outlay, contraction of saved ac-
perhaps sacrifices.
But keep the thought of saving !
live.
Let the new year come in and find {
on WIFI ldlQ Dy. L.
There are countless ways of saving. Y
here is the method of stuffing money
l an old stocking or sewing it inside
mattress. There is investment in
onds or stocks, or in real estate. But
mere is one way that needs no more
procedure than walking S
r riding a few blocks or mailing a I
,tter-and that way is the savings T
ank.
How much money have you in f
avings bank? \
Have you any there? is
Has it ever occurred to you to put {
ny there? a
There are three special reasons why +
ou should bank some money at saw r
lgS institution
First the money is ready money" !
case of an emergency. 1t is the \
lvings place of the man who may be Q
0mpelled to draw on what he has r
i'd by. Sudden illness or accident
nds the little sum in the savings I
ank right there. It would be as real a
loney if represented in a stock certi- il
cate or a bond-but you couldn't buy
BOD or medicine with it. h
Second, the savings bank will take I
small sum. You cannot buy a bond Y
it'll SIS. You can start a savings ac-
punt with it. You can add to it dol b
r by dollar. 1t is very easy to take
dollar or two from your pay-salary S
: wage-and put it in the savings
ank-not after you see "how much O
ou' can spare" for that but before d
0u reckon up at all. Save first. Make h
hat is left serve for spending. b
Third, the savings bank is safe.
Money in a savings bank means in a
ependence, security, strength. Put d
'me in today. Put dollar in an en- h
elope and address it to the savings
ank. Be friend to yourself and to Fl
lose dependent upon you. There are n
w uses of money easier than putting g
in savings bank, if you make up
)ur mind to do it. d
It is those who save what they can't h
Dare who achieve more in the end D
ian those who save what is left a
yer."-Boston Evening Record. r,
Still Yields The Big I. o.
Col Roosevelt was again beginning
hold a place of high esteem in the
-es of many who have bitterly OPP {