The Holly chieftain., 1918-01-11

we must bear i'll mind that
money is just as essential in win.
ming THE war as food, ammunition
and guns. Any condition. there
ore, that tends to halt business,
transacted along conservative lines
md stop the flow of money thru
.he customary channels, saps our
financial power.
Money. lying dormant. is cold
netal--nOthing more. Money is
-;erely symbol Of wealth. 1t has
40 value whatever excepting when
in circulation or when used as the
basis of credit. Real wealth is on
iy that which money can buy.
We must differenciate between
-he elimination Of waste and the
Withholding OF maney from legiti-
mate business. We must remem.
Der that what is one mans luxury
Is another mans necessity. jointly
creating Q transaction on which
business and employment depend.
This statement does not. of course,
imply encouragement of extrava-
gance. In the practice of true
thrift now or at any time. there is
no waste. Especially now we must
abstain from using for individual
needs any essentials necessary to
the government for the successful
prosecution of the war. We must
subscribe literally and to our
greatest ability to the Libertv
Loans and war charities, but we
must remember also that we will
gain nothing as nation In the en-
couragemeht of false econbmy,
boarding and selfishness. Amer
lean bsiness constitutes one of the
strongest assets of the allied cause.
Anything like a financial panic in
America now would be real dis
aster because the government
would be placed at tremendous
with which to finance itself and the
allies.
"All our people are united on the
question of patriotic and success
full prosecution of the War as distin-
guished from the interests of priv |
ate considerations, but we need not
feel that it our patriOic duty to
create an epoch of receiverships and
cripple the business of mannfac-
turers, theatres, artists, musicians,
dressmakers, tailors, jewelers., small
shop-keepers and the millions of
our citizens whose livelihood is
directly or indirectly dependent on
so-called n-essentials. If an era
on receiverships is precipitated
through the dissemination of doc
trines of destructive economy,
popular misconception Of thrift will
be created and the thrift movement
in this country will be retarded for
many years to come.
1--WE have made great strides in
| the correct understanding of true
thrift. We have come to a full real
ization of the fact that no nation
of people can go along year after
year blindly wasting their resources
and not come, sooner or later, to
reckoning. We are preparing to
| teach thrift in our schools So that
future generations may know the
value of this virtue, but the prac-
tice of indiscriminate economy now
may jeopardize the success of this
movement.
In times of war or peace, it is
the part of good citizenship to be
thrifty, because of its benefit to the
individual, both in strengthening
material resources and imparting
the strength of character The pat
riotic thrift Of these war days means
the placing of national needs ahead
OF all individual consideration. All
OF us stand on terms of equality in
war TIMES and. even though a man
can afford this or that, he should
not indulge in it, if by so doing he
Is depriving the government Of
things needed for war purposes,
But, it will be most unfortunate If
false practices Of economy are car.
ried to such indiscriminate lengths
that financial disaster, panics, Ne.