South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-06-28

tu ue expected that the immediate
erect OF q more general practice OF
economy would be a constantly in
crca~iug stream OF money flowing
into the national treasury in paw
m.ut for Liberty bonds. War Sav-
ing stamps. etc. These sums. huge
iu the aggregate. promptly dis
hursed by the government and put
back into the channels or trade.
sven the grand total OF business.
While u time oil peace am econ
omy campaign would mean prac-
teal boarding Of funds and much
enforced idleness, until the cumu-
iatiFe effect OF the saving could be-
come factor i'm the development
or new enterprise. no such thing
happens when the people save out
OF patriotic impulse when the coun-
try is AT war. Then saving means
turning over TO the government in
exchange for it's securities the
money not absolutely needed for
necessary current expenses and the
government pays il out I'm COnnec-
tion with war work. The circulation
of money is accelerated As illus
traung this. the treasury statement
as Of May j. 1918, shows "a per CAPT
"a circulation OF $50.37 as against
1851 "a year ago This is an eX-
traordinary gain.
The foregoing paragraph gives my
views as TO what may be regarded
as the immediate effect of every
body putting the thrift idea into
execution. I'm my judgment the
long range or deferred benefits TO
the American people OF permanent
ly practicing sensible economy viii
be very great indeed. If we get 10
be a nation Of wise savers we shall
also be nation with a more Ger
tain business future.
Eject OF Saving ON Future.
Thrift viii give our people vast
sums for, investment, for the fur
Their development of the marvellous
resources of the United states. and
for use in aiding in the development
OF other rich countries. Our citi
zens by the process of gradual ac-
cumulations Invested lu interest
bearing securities Will then be
steady spenders and all our affairs
Will be ON more stable basis. We
shall get away from the periods Of
great activity and extravagances.
which logically have been followed
{ 10y idleness and want. and into that
condition where everyone Will be
little more careful of his expenses,
I but will have interest and dividends
coming i'm TO add 10 his wage or
salary and will be a good buyer
and good payer every year. The
whole argument, with respect TO the
Z duration of the war and thereafter
and with respect TO the individual
/ citizen and general business, is de-
cidedly ON the side of those who
advocate and practice economy.
Save and YOU Will be Independent.
There is an especially urgent rea-
son why We should save now. We
must help win the war. and that is
the biggest task any group of cOun-
/ tries has yer undertaken. We can
and will win il. Now the important
question is, how soon? The answer
I is largely with YOU and me and the
. rest of the civilian population in
the countries AT war with the KAISER
and his people. The shorter the
time the less loss there will be Of
American boys and men, and the
I less viii be the cost in money and
materials The greater contributions
our government makes of money.
men and materials. and the quicker
I II makes them, the sooner will the
/ end come.
The government can not meet
/ these three absolute needs unless
we its citizens, save-save to buy
/ War Savings stamps and Liberty
bonds We each have our part.
our fair share of the burden. Yours
and miue-to save that we may
resolutely and effectively support
+ the government with our dollars
is so much the smaller part that we
can not fail To do our full duty.
Save and lend your savings TO the
country: that is the true badge of
patriotism for those of us who can
not 20 TO the front and tight.