The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-03-23
Banker Says Good Will Be Accomplished
By Planting Thrift Idea in Minds
Of People
GREATEST BENEFIT
COME FROM WAR
Teach Americans 10 Save; Best Security
for Small Investors; Backed by
Entire Nation
Special to the Express.

Special to the Express.
Nuskogee, Okla, March 23.--John
]. Pullyen, president of the Emigrant
Industrial bank in a statement fur
nished the treasury department, as
serts that the governments thrift
campaign will bring to this country
one OF the greatest benefits to come
from the war, in that it will teach
the habit of saving to many Ameri-
cans who never saved before. Be-
cause it will do this, he sees in the
movement great aid to the future OF
sevings banks in this country.
"The savings banks of the country
represent great army of thrifty
people to whom the war savings cam
paign particularly appeals" said Pull
yen, recently. 'In the past one hun
dred years they have built up a sol
I'd and constantly growing business
which enlists the savings of 100000
people at the present time. The to-
tai capital represented is $5,OOO,0O0,-
600.
"The savings of this army are not
enough to pay the cost of the war,
and in fact, they should not be used
for this purpose. These savings are
already invested in permanent form
in federal state and municipal inn
etc. 1t would seriously
disrupt the business of the nation to
withdraw them at this time. Savings
banks will confine their immediate
future investments to government
loans. States and municipalities may
limit their borrowings to actual ne
nessities and defer issuing any large
block of bonds until the needs of the
government will have been satisfied,
president Wilson has pointed out
repeatedly that this is the peoples
war, and there is no section of the
which will support 1t with
more energy and loyalty than the
savings bank depositors Of the coun-
Try, who have learned the value of
thrift through years of practice.
Their savings from now on will be
argely invested in War Savings
Stamps, not because of their patriot
c value, but because of their value
Is an investment.
"War Savings Stamps are the ideal
for the small investor.
they are absolutely safe, having be-
mind them the resources of the ma
ion, with its 1OO,OOO,OOO inhabitants.
They pay a generous rate of interest
equal to per cent compounded quar-
.erly. They can be turned into ready
2ash, if necessary, at any post office,
IN ten days notice, the holder receiv-
ng what he paid for them, plus one
cent for each elapsed month since
purchase, or about three per cent in
.erest.
"The War Savings campaign opens
a new avenue of investment to these
people and to all the rest of the
country. The opening of this avenue
does not in any degree mean the
closing of other avenues already
opened. 1t means, on the other hand,
that more and more people will be
persuaded to form the habit of in
vesting their savings and that those
who are already so doing will prac-
lice the habit more thoroughly.
1.-The more avenues that are open
I'd. the greater the total sum saved
and the greater number of investors.
"Some of this increase will natur-
ally frow into the savings banks,
which have proved their ability to
care for the peoples savings through
cne hundred years of stable business
Il believe that every banker who
the meaning of seed time
and harvest will do everything he