Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1915-01-21
If EVERY ONE WOULD SAVE.
(Iiterary Digest

Not
the war is declared by The Investors Magazine to be the
changed changing temper of the American people IN the
matter of saving have lived too last
too loose until has become the national VICE
Of increasing portion OF our people acquired
ideas of the spendhrift until their only mode OF
consisted in display and waste and
significant symptom all this being the danclngmana tEat
swept country during the past two years Inc WRITER
believes reaction bound to come with return 10 e
forehanded ways of forefaher the thrifty maxns OF
Franklin and old ideals of moderation and modesty
While bound later the war brought the re
than most of expected so that the world al
ready has entered period of economzng even among e
wealthy classes where thrift and economy promise TO become
''actualy fashionable =
Tn This country has been estimated annual
ngs than four billion dollars but much OF tha
sum 'has spent and squandered recklessy all our
people wnow resolve their with greater care
the increased habits of thrift and the attendant cultivation OF
other twill than make up for the temporary loss
and shortage occasioned by the war;
The same subject DISGUST in editorial article in The
Journal of Commerce. which that when the war Is over
great destruction of capital having there will be great
money with which to rebuild industries and restore
trade This will give unprecedented opportunities for those
money invest" condition which makes well
worth while for people to practise greater economy and IN
duge extravaganza of expenditure Few ever realize
what the result would be attention given to
The writer points out results that are easily possible
of attainment
s.There are now approximately 1OOOOOOOO of Take
convenient round number 1t is usually calculated
that five of them, 2000O00O males OF mature
years. and many somewhat under maturity well as some
females capable Of earning and saving less Let
that onehalf of the full number and IN
capable of earning then they need for their continual
wants in decent living given to waste that nothing
expected them the of contribution to the capital
of the country OF the rest suppose oneaf could without
the sacrifice Of anything to comfort save on the
average 500 year. That would accumulation OF
$5O0OOOOO0 The other half will say welltodo many
them rich and accustomed be lavish in their expenditure
on things contribute little nothing to either necessity
or comfort or even rational Would be much
to estimate that taking and large those of moderate
and those of great wealth. they could put by $1,000
year the That would look pretty big the aggre
half ThatW Leave
$5O0OO0000, adding that of the small savers $3Ooo
100000 in all.
.'That pretty tidy be going into useful invest
the of year, and nobody suffering In conse
quence In face everybody would be better occupied during
the process and acquiring better habits of both industry and
thrift and great deal could be done with the capital saved
Through savings banks and financial institutions would make
its way into productive enterprises strengthen the means OF
extracting wealth the earth and transforming it to the
many for supplying human wants and meeting future
needs During the stimulated OF production, dsrbu
on and interchange the cost of living would be kept down
the living increased while this transferable capital
supplying the place of that destroyed wasted by
When the conflict and the of reconstruction
begun the people the United States would be in posi-
ton to take important part and good share OF
the fruits
'They would have their domestic interests in pretty
good shape and could perhaps supply considerable capital tc
do At all events they would have what they have been
ing abroad greatly reduced not all paid off, not to be
continually sending goody part of their earnings to
debts or interest on foreign capital invested here
This subject gives peculiar interest to another article
The Investors Magazine describing the first
opened far known This bank the creation of the
Rev. Henry Duncan pastor of church small Scottish vii
lage named Ruthwel which lies few miles from Dumres
In that village much poverty had existed and pauprsm
Mr. Duncan believed great part of this could b
limited through the cultivation of habits of economy Banks
that time would not accept smaller deposit than ten pounds
Hence Mr. Duncan conceived the idea of bank for poor
which would deposits any amount great or small
And in $780, in his small cottage Ruhwe Mr. Duncan
opened with large iron strong box his place
for saekeepng of money he holding key the box