The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1918-01-15

write today.
With part of it he and his family
have good time. With part he
buys groceries, shoes, clothing. With
another part he buys farm imple-
ments With another a Liberty bond
! and thrift stamps. Then he puts some
/ into savings account and some in
I to"a checking account and has only
little, kept fer spending money, left
| What has happened to his wheat?
''It was wealth to start with and
/ we may call the money wealth in ex-
/ changeable form. That which went
! into a good time is wealth spent
used up, gone forever That which
went into food and clothing is on the
( way to be used up The only change
lis from wealth to spent wealth. That
which went into implements was
! transformed into capital for it be.
came wealth put into a form to be
used in producing more wealth and
that is the definition of capital. The
wealth that went into bonds was also
changed into capital and loaned to
! the government to use. The bank
| deposits also were made into capital
and through the banks go to those
who will use them in producing
more wealth.
J hnt hrif 70 do ,,.:tl al
| this?
THE farmer could have turned it
a. good time doing it.
| al"lnstead he practiced self.control.
| He refused to spend on impulse and
saved to spend wisely for better, if
more remote, purposes and so Great
/ ed capital out of the wealth that was
/ his. And further, there is not in all
/ the world, nor ever will be. dollar
!, OF Icapital. created in any other way.
g, Industry first creates it as wealth
! and thrift alone changes 1t into cap
ital.
o"pffs'i AP 'fh tupiSiu'Ni hNNCoSlts
for nations life. Tools, stock, fac
tories, machinery, railroads, ships
! everything that helps the bare hands
! of men to produce wealth-is capital.
1t has to be created and renewed, for,
like all forms of machinery, it wears
out. 10
w. Thrift is a national asset because
it and 1t alone produces and renews
capital.
America needs thrift today as new
er before. War calls for enormously
increased production. More food,
more clothing, more munitions and
for these more railroad equipment,
mere machinery, more ships, more
factories-in a word more capital.
War, too, destroys capital at a
fearful rate so ii must be renewed at
a like rate. Thrift, the only creator
of capital, America must have now
or disaster awaits us.
Thrift is national asset because
IL saves labor, man-power by releas
ing it from the production of the non
essentials and so saving it for the
production of things that are neces
sary.
When you save on your eXpentii'
lures you do without the UNNECESSARY
and spend as usual for the necessary
The unnecessary stays OH the shelves
of the merchant. No more orders for
it go cut. The man who produced
it finally gets to producing something
that is a necessity and therefore still
in ndemand.
,tNeed | tell you of the shortage OF
man;power?
War. commerce, agriculture, in
dustry, all are crying for men to pro
duce' necessary things.
Thrift, and thrift alone, on the
part of the American people will re
lease men from unnecessary produc
tion and turn them over to the pro
duction of that which must be had il
we give good account of ourselves in
this time of crisis.
Thrift is national asset because
it disciplines in self-control and self
control is one of the basic elements
of character, both individual and ma
tional. Without it impulse, desire, ap
petite, will control and disaster ant
degeneracy inevitably follow. Bn
he who in this thing habitually holds
the mastery for the mind and con
science finds growing power o
self-mastery in all things.
Thus a strength and steadfastnes'
of character is built up that caf bt
depended upon in any of life's test
ing times that come upon us from
time to time. Such a steadfastnes:
or temper is vital TO any people whC
are passing through time of intense
strain like the present,
"All. this bears directly upon th'
matter of the buying of thrift stamps
Your country needs the capita