The daily banner. (Cambridge, Md.) 1897-2008, 1918-06-12

| which may be used to produce the
| things the Army needs.
If we all can acquire this attitude
! of mind we shall furthermore be AID
| ing in accomplishing another result
which can be reached only III TINS
way. We shall be saving money
which, through taxes and loans, we
| can give the Government to pay fof
the new products which military ne
! cessities require. The war must De
! financed out of income. IL L sell
| house or dispose of any part OF my
I capital to pay the taxes when the
| Government demands of HE or III
order to subscribe to Government
| loan, to the extent that, by such
sale, l increase my own ability TO
give my money to the Government,
| am diminishing the ability OF MIN
who purchases my property. IL Is
true he may be unwilling to do what
T am doing; so far as that is the case
I am helping the Government. But
l am by selling my property in no
way increasing the resources OF the
country.
In the same way if, in order to
subscribe for Liberty Bonds, or III
order to purchase War Savings
Stamps, | borrow money without the
fixed intention to pay that money
back out of my savings i'll the near
future, [ do not increase the resOur-
ces of the country. What l do is to
aid in the expansion of credit with
the result of imitation ana rise OF
prices. 1t is of course better to sub
scribe for Liberty Bonds with bor-
rowed money than not to SUBSCRIBE
at all. For the evils of Initiation ano
high prices are less than would at
tach to the failure of the Govern
|, ment to obtain the money it needs.
l shall, however, be of the great
est help to the Government II L
economic in my expenditures and
give what l save. | may not be able
to save quickly enough 20 meet the
Government immediate needs. In
that case l may by borrowing anti
cipate my savings. But whether l
contribute my present or my future
savings 1 shall be giving OF my in
come and what l give will increase
the amount available for the use o.
the Government not offset in any way
by the diminution of the ability o.
some one else, nor by the evils OF
imitation and high prices for which l
shall have beer III some part reSpon-
sible if l borrow but 40 not save.
1t is said that he gives twice who
gives quickly. In these times it ma!
also be said that he who saves ac-
complishes a double purpose. On
the one hand he discourages the MAX
ing of things which are for the mo-
ment unnecessary. On the other, he
furthers the production of what is
needed, and at the same time in
creases the means-in the way in
which they can be most advantage
ously increased-for the purchase OF
the things Immediately needful.
Economy by the rich and devotion
of their savings to the purchase OF
Government loans will not be suffici-
ent. If we are to free the labor nee
essary for the production OF the
things needed IN the war, and If we
are to secure the funds Wherewlth to
pay for these things, the great mass
of people must economic. The lnf1u
entail and the well-to-do, however,
can by saving do much greater good
than is the direct result of their per
sonal economy. They set an exam
pie for the less fortunate. Self-Sac-
rifice and self-denial are contagious.
The fashion of economy will be set
by those whose influence is the most
far reaching and will in time find
many imitators.