Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1918-02-11
Millions Must Save


Mr.. Frank \. Vanderp again tries to impress
upon the people the fact which they must time
painfully face that the expenses of the be
borne by current savings. This is more apparent
than it last spring, when Mr.. Vanderlip first
made that statement. There is another reason now
why the expenses of the must be met that
apparent last spring
1t then the belief of Mr. Vanderlip and other
eminent financiers that savings should be
brought to the support of the war only that the
mulaed capital of the country might be left free to
keep the industries. the business of the country
ming 1t evident that greater strain than
about to be put upon them. 1t is now very plain
that if the accumulated capital the whole country
freed from that task and given wholly
20 purposes it would be inadequate
Much of tho accumulated capital will necessarily
,e withdrawn for purposes: much of it has been
withdrawn since the very beginning of the war, but
I'll of it would not go very far in which is
costing the country already $24,OOO,OOO day and
which will shortly be costing much There
must be the constant, continual saving of than
100,0O000O of people the will be lost and at
the end of it the nation will be impoverished
The people must save in many ways which at first
not considered. 1t then thought that
could lop off a personal expense here and there
without greatly disturbing our comfort
convenience; that would not disturb the routine of
our daily lives established in an era of peace and
great prosperity
Now, know better, and those of US who do
not know will learn. We then thought it would
be the sharp fierce the great conflict; that
with great resources thrown into the balance
with the allies who supposed almost holding
their against the Germans, the could not
last long
We were deceived by foolish magazine and news
paper writer's, equally foolish statesmen into be-
lieving that the Germans were uttering last gasp
that they were starving and were shom of man
The end could not be far off. Wiser men
told it might last for years and advised US not to
consider the weakness sufferings the Germans,
but to grid up our own strength.
1t is plain now that if war aims are to be
carried out nothing but miracle from Heaven can
end the war this year. So far now see,
nothing but interposltion equally miraculous
end it next year. Beyond that there are no signs.
Everything is dark.
So, constant and increasing stream
of money must go out from the people. All the
accumulated capital but drop in the bucket And
the money will be forthcoming because it must be.
The government is going take it because must.
If it takes it in the way of loan it will pay it back
with interest, and those who have loaned it will be
better off at the end of the than they would
otherwise be- for the money they loaned would con-
sist Of savings which would otherwise have been
dissipated
If the government is forced to the alternative
and takes the money in the shape of taxes or if it
depreciates the cash and the value the property
citizens by issuing more money against the nations
credit citizens will forever deprived of what
thus forced from them.
We must take choice of the two ways in
which we may help the government-the profitable
patriotic way and the enforced and ruinous way.
No is poor escape taxation. He
Tie has nothing, he thinks, which the government
may levy. But the government will get his share of
taxes from him just the same It will get il by cut
ting down the value Of his few dollars.
1t will collect revenue from him through such
agencies the grocer, the butcher and baker, and
every tradesman with whom he deals; through the
moving picture houses through the post office At
every turn somebody is waiting to take from him the
money the government have, and money which
he spare less easily than the rich man can spare
his share.
1t is better for him and for all of us to save
what and lend it to the government; to buy
thrift stamps baby bonds and liberty bonds with it.
Every dollar the government gets that way, the less
will it have to take from forever. Buy thrift
stamps for your and the governments good.
Buy all you Buy all the war bonds of every
kind you can and you will be better off at the end
Of the