New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Traitor Dollars
Menace Freedom,
Vanderlip Warns
Money Spent for Needless
Things an Ally of Foe,
He Declares
Urges ThriftC Campaign
Bankers and Business Men to
Spread War Savings
Clubs

& raDonalizcd thrift unprecedented
.r scope viii alone give the govern
nent the workshops, the material ana
labor necessary 60 win the war Frank
4. Vandorlip, fnancier, now chairman
II the National War Savings Commit
tse..vcstcrday brought this message
SroN Washington 60 aye hundred bank
crs and business men assembled al
Tho Bankers Club.
Mr. vandorlip brought ont tho under
wing significance OF tho thrift cam
paign in plea that The government
war machine be unhampered through
useless or idle expenditures. The rails
ing Of $1,000. 100000 in year was only
lesser consideration, he stated.
Hoardcd Dollar q Stacker
"A boarded dollar IS Stacker said
.bo bankcr. at is an idle dollar, an
unemployed dollar There is something
ro,sc than "a Stacker, though.
slackcr is only a negative quantity
"A dollar sDcnt for an unnecessary
ching to-day becomes an ally o. the
sucmy. Il is a traitor dollar because
the labor Of men and women is en-
plovcd reedicsslv 90 make useless
things. when the government neccs
that labor TO make things that arc
essential for our soldiers ln winning
thc war So we must see that the DOL
lar spent for unnecessary things rs
menace 90 our country. menace 10
this world fight for freedom.
ave have seen Congress appropriate
10000 O0O. 600. We arc demanding
from labor and the workshops a sub
stsntisl part or this sum m Twelve
months. The obvious conclusion that
one must 40 once draw from those
figures is that the workshops must be
released; labor must be released from
making all the things IL has been max
ing for our comfort, pleasure and
Injuries 10 the work that the govern
ment wants done.
Lesson in Economy Needed
THAT is why we have got TO have
the greatest lesson in economy that
ever was taught q people, because we
have not labor. shops, mateIH enough
20 produce this huge amount OF things
unless every one of us, men. women
and children, rich and poor. feels the
responsibility for a personal economy.
"Ihe government to-day would Ike
70 be spending estimated they would
spcnd-ou domestic expenditures for
the war a billion dollars a month. As
"a matter e fact, while that estimate
stood in the early days of October, the
month closed with expenditures Of
about S460.000,000. IN November, still
with an estimate OF r. billion dollars
tie month closed with expenditures of
a little over Sj0O,000,00O.
"Thc reason was that the workshops
could not produce :hc things that the
government wanted as rapidly as they
had contracted 20 dc. The great thing
YOU can do 20 help win this war is 20
get the idea Of personal responsibility .
% that when people have a dollar 10 .
pend they viii weigh, not whether
they can afford TO spend 10 iu the way
they desire. but whether the govern
ment can afford 70 have them spend II
iu the way they desire
Mr.. Vanderlip inveighed against the
pleasure as usual slogan during the
war. and declared that the other large
results Of the years thrift campaign
would be the intoxicating Of q ma
uonal economy, and, finally, the rails
iuc of two billions. He said the gov
eminent hoped to sell thrift sTmps 20
3OOOO,OO0 people, and in this way keep
or the menace Of an inflated paper
currency and relieve the country Of
some OF the pressure from future
Liberty loans.
To Form War Saving Clubs
By unanimous resolution, the bank
crs and business men present empow-
erred William Fcllowcs Morgan, presi-
dent of the Merchants Association. 20
appoint q chairman for every trade I'm
the Now York City district Plans
were brought forward whereby en-
pioycs could arrange through war saw
iugs clubs 90 buy stamps weekly. a
norton Of their wages being used for
the purpose.
Many Of the men present. whose
firms employ hundreds Of men, de-
clarcd their intention OF giving thrift
stamps instead of the usual gold coins
FOR Christmas and New Years gifts.
They will also form an organization 10
boost the sale Of the stamps through
a campaign Of education.
Frederic W. Allen, director Of the
thrift campaign for New York City.
said H. was planned shortly 20 have
the stamps come 90 any one desiring
20 purchase. a post card with the
name Of the purchaser, given 90 the
postnan, will bring the same postman
around with the stamps, for which he
will collect