New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-25

splendid movement may be gained
from these facts: There have been
formed in England and Wales over
1850 local committees for educa-
tional work and organization.
More than $4,000 war savings as
sociations have been established and
affiliated with the central body, the
National War Savings Committee
I'D to June 16, 1917, 26,9S4,1SS war
savings certificates, equivalent to
1O7,4O2,674 single lbs Cd certifi-
Gates, had been sold, at total value
Of s416,000,000.
The small investor has lent to the
British government, in one form or
another, almost one billion dollars.
There are now in England and
Wales over 100000 members upon
the books of the war savings associ-
ations, and 100000 more individu-
ais purchasing through the postof-
flee.
Although this great army Of small
investors in government loans has
been created during the last year,
deposits in the ordinary savings
banks increased almost 100000, 900
in 1916. Such an increase, in the
face Of heavy investment in govern
ment loans, shows the wonderful re-
suits to which this system of thrift
has led in Great Britain.
! The Answer
Is mo"
Can there be any question that
America should take advantage OF
England's pioneer work and expert
ence in this field? In no other way
can the people realize that indi-
vidual economy, thrift and saving Of
pennies collected in units of dollars
and invested in loans to the govern
ment, will shorten and help win the
war. Can there be any hesitation
on the part Of the American people
in responding promptly to the plans
along this line that have been form
ulated by the Treasury and Post
Office Departments at Washington?
In Canada war savings certificates
are issued in denominations Of S25,
$50 and 500, repayable in three
years at face value. They cost
s21.5O, S43 and $50 respectively,
thus yielding over per cent inter
est, and may be purchased at all
money order postoffices and banks.
With a population of only 100000
people, the sale Of war certificates
in Canada has averaged 81 100000
a month for the last six months.
More than 10000 certificates have
been sold, from which total of
100000 has been made available
for war purposes through these
small investments.
If, then, / were asked to sum up
some Of the advantages in our adopt
ing some such plan as has been
found necessary by our Allies, /
should mention these points:
Some of
The Advantages
First, by concerted saving, those
things which we individuals have to
buy will cost us less than they other
wise would, in competition with the
government, which has first call on
all products it needs.
Second, an enormous reservoir of
collected savings will be put at the
disposal of the government, which
must have the money and should get
it from each one Of us In proportion
to his means;
Third, the point upon which laid
great stress in the early part Of this
paper, as a people we shall have cul-
tivated a habit Of efficient provi-
dence, Of care rather than Of care
lessness-qualities that will go far
to affect materially-and for the
better-all our national activities.
Fourth, at the end Of the war
those who have saved and invested,
each according to his efforts, will
have laid by share in the best
security the world offers, a United
States government bond, which Is an
asset bound to serve the holder for
many years to come.
Finally, most important consid-
GRAFTON in the participation by all
the people in this habit Of saving,
and Of investing their savings In
government securities, lies in the
fact that the whole people are thus
educated to the purchase and own
ership Of securities, thereby giving
hope that our government and our
great industries in the future may
be even more democratized than to-
day; that the number of investors in
the securities of our government