Bisbee daily review., 1918-12-31

liberty bonds, to buy war savings
 stamps. The appeal was made first
 of course. upon the ground of patriot
 ism, of the duty to support the gov
 ernment; but stress was everywhere
 laid upon the virtue and the value oi
 the saving habit. Wage-earners were
 urged to subscribe for bonds on the
 basis of bank loans; it was pointed
 out to them that they could pay of the loans in installments out of their
 savings and when paid for the bond
 would not only yield an income, but
 it would be an insurance against need,
 a provision to be dra Fn upon in time
 of illness or disability. The response
 was wonderful More than 20,000,00O
 of Americans subscribed for Liberty
 bonds, and if war savings stamps be
 reckoned into the account the total
 of subscribers would be much greater.
 MT. Ingalls, Kimball estimates that
 the sales of war savings stamps and
 small payments on Liberty bonds are
 proceeding at the rate of s3,OOO. 900, ,OOO
 a year."f
 That is the habit that must be made
 permanent, the habit of putting aside
 small weekly or monthly sums out of
 earnings; in short, the habit of thrift. The sure way to make the thrift habit permanent and universal is to con tinue to make the personal appeal, actual solicitation, just as it was prac- ticed in the war by tens of thousands of volunteer workers in behalf of the Liberty loans and war savings stamps sales Depend upon it, somebody is going to continue that solicitation. If it is not done for saving, it will be done for squandering. Hordes of agents hawking all sorts of gewgaws, cheap mining shares, low-priced specu- lative securities, innumerable articles that wage-earners do not need, cannot profit by but may be tempted to pur- chase, will get the ear and the money of the millions who subscribed for Lib erty bonds or bought war savings stamps if, in their own interest, wage earners are not influenced by personal appeals to continue the habit of sav- ing. Why should they be given over to the tempters. why should they be left to contract habits of extravaganza and improvident spending?
 Thrift is a double protection for wage-earners. It not only leads to in- but it produces those ac- cumulations of capital upon which, husbanded and invested by savings in- stitutions, the industries of the coun- try must depend. It will keep the wheels turning, insure permanence of employment, promote activity in busi- ness and national prosperity. add to the country's wealth, and provide good wages. Money circulating from hand to hand is a convenience, a neces- sity. it sustains trade, but accumulated wealth reproduces itself. and in that process of reproduction labor must always be employed. The little streams that run down the sides of the valley and through larger watercourses flow to the sea, turn no wheels; it is when they are impounded that they constitute power, giving employ ment to labor and producing goods. That is the lesson that must be taught to every man and women who. out of current wages, is able to put aside against a rainy day, against the disabilities of old age. It must be on organized effort, undertaken by men all over the country who are able to see and feel the need of making the thrift habit permanent, who can apply themselves to the task. The point is illustrated by the difference in the practice of savings banks and insurance companies. The savings bank depositor is moved by individual impulse; the insurance companies, their agents, personally so- Iicit men to take out policies. The problem is this, How is the volume of savings to be kept up to its pres ent rate?" It is a question of vital importance to the nation. to its peo- pie. It should have the answer through effort to continue and make permanent the impulse to save, so widely and profitably stimulated under the stress of war.-N. Y. Times.
 That many farmers in the United