The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-03-14


campaign Is on In this country as
well as In England. But, oh. what a
difference In methods!
II President Wilson should make
q special trip TO Pittsburgh, send his
secretary OF &ar on = tour of the
cities OF the east. and designate two
or three other members OF his cab.
inet TO cover the Mississippi valley
cities In a series OF impassioned
pleas to the people to give up GER
tain of their luxuries and put aside
Q part Of their earnings. we should
have an idea of what Is going on In
unngland.
The other day Lord Kitchener WAS
enc OF four members OF the British
cabinet To address \ single London
meeting on the subject OF THRIFT.
The others were Mr.. Balfour. nrst
lord Of the admiralty: Mr.. Mckenna,
ehancellor of the excheQuer, and Mr.
Bonar Law. secretary for the col
onies. What they said about the
absolute necessity for cutting down
personal expenditures II the war Is
% be won was really impressive.
I have said that in this country
too. q campaign for thrift Is on. IL
IN under the care Of the organized
bankers. assisted by q special ciu'
sens committee.
want to ask you one question
How many OF the following gentle
men have urged you. privately or In
public speeches. to get acquainted
with thrift and learn the road to
the savings bank?
Myron T. Herrick. former govern
OF of Ohio; william n. Taft. former
president: Cardinal Gibbons. Charles
&. Whitman. governor of New York:
Thomas A. Edison. inventor; Hugh
Chalmers and John n. WHY'S. auto
mobile manufacturers: John V. Far
well. great Chicago merchant;
James b. Forgan. Chicago banker:
Prank Trumbuil, railroad man.
These and "a other prominent
bankers and men OF affairs are on
the citizens thrift committee. II Il
part OF genuine preparedness con
sists In being thrifty. these men
sre overlooking some grand oppor'
,unities to helP the country prepare
Every few years wave OF pros
peri,y hits the country. II carries
vast number OF Americans out OF
their homes and into the hotels
either as temporary visitors or as
residents. The hotels become crowd
ed. especially in the biggest cities.
and no rate seems high enough to
daunt the focks who register at the
Tong desks In the marble Hobbies.
The newspapers report that the
hotels are full. and that visitors In.
tending TO come TO our fair city must
reserve accommodations far In ad
vance.
Next. the optimistic promoter ap-
pears, with figures showing how
much money the hotel proprietors
are making: the sums are stagger.
ting. Why not get into the hotel
building game and reap some oil
these profits?
Why not. indeed?' II Is usually not
very difficult for the promoter 10
ond backing. and presently n chain
Of new hotels Is opened. In my
city and in yours. the hotel capacity
10 presently doubled.
But the how OF people to the ho-
tells is not doubled, and II isn't long
before the builders OF the new hos
telries are wondering how they are
going to get their money back. Many
do not And the answer before bank.
rupcy arrives.
Such = period OF prosperity seems
on the point Of developing now.
Signs are pointing to the conven.
tional overbuilding of big new no
tells. Today, however. the hotel men
ore not inclined to allow this over
building to 80 on without protest.
~ the recent warning of Thomas ID.
Green, head of the country's Hotel
association. shows. Prospective in
vestors In hotel enterprises ought to
know Mr.. Green.
A. vice.presidents, the National
City bank Of New York has one OF
the greatest groups of specialists in
the world. Their South American
expert vice-president died the other
DAY. but In about every other field
they are very much on the Job.