Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-09-28

we'll III this certificate could be redeemed at any time
Coupons good. few Americans have been edu-
Gated through cigar and department store purchase 10
save, what seems to them to be saving
8. Make every establishment where many persons
are employed q forum for the discussion OF thrift
T. Instruct employers in the value to them ofshaV-
ing their employees and thereby become better
men.
s. Instruct employees how the habit of saving stead
les man, makes of him a better workman, better
citizen, more trustworthy person increases his self
respect gives to him more OF the creature comforts
and the real joys of life and makes him more likely to
get promotion and larger wages than the careless or
untrustworthy workman.
All the per cent bonds or Az per cent bonds or
per cent bonds issued ever to be issued by the
United States government will not develop the habit
of systematic saving In the American workman I'M
less the American banker and the American employer
get down to fundamentals and present the subject to
the workman In way that hits his Imagination In
patriotic way and claims his best effort as a man
In advocating per cent bond for the next gov
eminent issue the bankers and employers are blunder.
ing egregiously as they did when they supposed
hip, hip hurrah campaign Of a few weeks was going
to plant the Liberty Loan among American workers
and make 1t simple matter thereafter to put out
bond issues in the same way which the wageearners
would absorb
The government has not begun to tap the money
reservoirs of the workers of America. ....
In 1910 there were more than 100000 males en-
gagged in ganful occupations in America. More than
100000 females were 50 employed. Today there
probably is total of 100000 persons employed
In 1910 in manufacturing industries alone there were
100000 persons employed.
America do reach per cent of those engaged in
gainful occupations. The campaign which Mr. McAdoo
engineered and which volunteers helped in pushing
along missed more than 95 per cent of the money
earners of this land
Why?
Because the persons who directed the campaign did
not know how handle it. With all due respect to
the earnest gentlemen who gave of their time and
energies freely and periodically the job
botched, horribly botched The people who tried to
get the workers to subscribe did not know the Amer
lean workingman. Psychology is much abused and
overused word. 1t may be used here just once. The
bankers and the employers did not grasp the subject
from the point of psychology. ~ i
The government can get from labor all the money
that labor should furnish to the government If the
government, the bankers and employers of labor will
present the subject properly to labor and keep teach
ing the lesson to labor until labor learns it. This is
not the task Of week or month but of years, posi-
bly, but every week will show progress.
This matter of teaching the people to is one
of the biggest and most important constructiyey in
America, But for their habits of thrift the French
would have been wiped out economically and nation
ally generations ago. ~. ':..- ....".. .....:.
The Teuton has been forced to national thrift by the
nation. -.>4-. ...1. ..s-s=.
The German government compels him to save to
safeguard himself against Illness DEATH old age acct
dent everything II it had been for this compul
sorry thrift the German never would have progressed
wonderfully in commerce finance and industry gen.
orally In the half century between 1850 and 1910.
The wastes of those who do not not limited
to themselves. The nonsavers become q burden upon
the workers The amount of money Americans
forced to pay out in direct and indirect charity each
because the masses of the people have not been
taught to save is coloss:..
We are outrageously backward in the lesson of
thrift. In Canada they teach children at school to
save They have banks in most of the schools through
Workers will save be glad to save If the matter is
presented to them properly. And they'll for the
nation with feryor they will rejoice in manifesting
But the subject be put before tiaL by men who
know what they are talking about and who know the
hearts, the minds, the doubts, the weakness of those
they talking to. T.. I. -
taae sie 10 IN
two and you cannot expec much progress If the teach
amateurs and know more of the musical art
than the persons they trying to teach. The illus
traton may appear harsh, but it is fact that simple
the subject may seem the problem OF presenting
the saving question to the workers Of America
to get the best results the most enduring is
one to tax the energies of the force of teachers
and statesmen ever organized in America.
But the results to be achieved are glorious.
Why not go at this mighty constructive work in a
good workmallike manner? We have better oppor-
tunity to reach the heart of the people than
had before or, probably ever will have again.
Don't think for moment the war is going to end
our financial problems. We going to have
troubles later unless overcome our national sin
Of extravagance 1t can be overcome only by teach
ing thrift to the American worker There is the
of great machine for thrift in the Liberty Bond.
Interest of 31z per cent compounded semiannualy
is fine, high rate for great government-the rich
est in the world to pay. 1t never should pay higher
Wage-earners do not buy government bonds to col
lect semi-annual dividends What is the semiannual
interest on a $50 bond? Just SIN cents.
Is it possible that the great bankers, the great
ployers and the gentlemen of the treasury department
of the United States the government bond
question as the wage-earner it? Is 1t possible
they not called in the specialists in thrft-the
great students Of the pension field Of the savings
banks, of the insurance companies?
it possible that they think they get the
earners of America to overcome the habits Of life
time and become tn fifty bondbuying people just be-
Washington offe-J bonds to Them and the bank
ers and the employers say take p"
We shouldn't be shocked about what Mr.. Wander
Lip termed
We are economic iliterates
Bat it will be to everlasting d. gree if
main