Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1919-04-11
GREAT WAR TAUGHT ECONOMY
MiIlions Of Men, Women and childroo
Proudly Responded 70 Urgent Ap.
peal to Give and Help Win.

Proudly 6eapondeo 20 Urgent AP
peal to Give and Help Win.
BY GEORGES n. REYNOLDS.
President. continsntaI Z Commercial
National Bank o. Chicago.
By tradition and training Americans
possess. In marked degree. those
qualities that flt them for the larger
relationships that are bound to grow
out Of the sacrifices and achievements
Of the great war. Our mixture Of citi-
xenry and ancestry makes II very "
tai. IN this time Of looking forward to
q greater America. that We should
study American history. learn to r.
we're American institutions and strive
to discover and attain american
ideals. These have made "a great,
guided our matchless progress In the
past; these will lead ~ into . more
glorious future.
From the experience Of the past
| four years. frst ~ onlookers and H.
ter as participants, we have gained .
more intimate. knowledge Of the out
| side world, knowledge that win be OF
| inestimable value In our foreign rela'
ions commercially. financially and
| automatically. We have also been get
ting Q much clearer understanding OF
our own responsibilities to each other.
There are some specific require
ments that must not be overlooked In
our preparation for marching In the
front rank Of nations. Industry,
thrift. the relationship Of capital and
labor to the general welfare. and D.
nancial power come within this classi-
hcati0n.
Fired BY ambition horn Of equal op-
portunity that exists TO Q greater D.
gree here than anywhere elss. We have
always been an industrious people.
and when we cease to be industrious
We shall begin 70 90 backwards
| Habits Of indbstry and thrift are
the two great essentials to success
Extravagance has been one Of our or
standing characteristics and II has
cost n much; It has robbed ~ Of the
real fruits Of prodisious production
for IN the Seasons OF abundanee Ne
have squandered that which should
have been saved for .hs hour Of ID
versity.
i War tias Taught Economy.
i One OF the lessons taught By tn
i was was economy. The government
needed all kinds Of supplies. expensive
munitions, and milli0as of men whe
had TO be fed and clothed. Il VA
forced to build ships on IN unprece
/ dented scale. Ii did cot have the mon
. ey with which to do all this. It ap
J pealed to the people to save thsi- mon
. ey and buy Liberty bonds and wa
Savings stamps, and millions OF men
women end children who had neve
known the importance Of economy ant
I of investments became savers an
{ bond buyerA T-..t..
II Patriotism, a. well ~ self-interes'
: prompted ~ to buy bonds WHINE We
t was beauk vpged. The patriotic our
E to buy government bonds v No 'ea
+ now. for our soldiers must b care
|. for until Aemobilixatien 10 eomplst
Z and they are again back in thsar O
+ | places On farma. In the factories @
FL ottar pt1ttf sets e1p1pgnena
q cromptings II ssaf-intsrest ere sreatt
e now. because the treaty Of pace p y
. ing worked out: we are gradually 3
> turning to . normal basis. and =
e know that Liberty bonds will cell
Il or above par within . reasonaD
Q time.
It Development and expansion mes
e general prosperity and employment 9
d everybody, but we cannot contins
3. even normal development OF our gre
Is resources and expansion Of our bu'
1t ness. az we should. without new caT
10 tai. and new capital for these pa
M poses must come from the savings
T. the people. Therefore we are oil
,e tally interested In the practice
ID economy now. although the war
IT over.
Is Capital and Labor.
!" The relationship between capit
- and labor Il one of the big problem
:, because these are the two main fund
- mentals Of modern life. Capital
rs useless without labor. and labor ca
- not find employment In our comp'
~ civilization unless somebody ris
~ capital In the business OF farmir
- mining, manufacturing. constructi
~ and transportation. The banker d
~ every other man with an unbias
~ view of the whole situation hopes
~ cooperation between these two q
essary elements. Fair adjustment
needed here II anywhere. Lan
ne should have its just reward. capi
We should receive such compensation
as will encourage its use In industry.
No. No country. however fortunate
'at other respects. can continue pFosp
%. Gus at home or Be great factor 10
no terpa tionaI trade without safe bal
ne ing and currency system.
DO Our Financial Asseurese.
on We hold $4,000. 100000 Of gold
NE this country. which ID one-third Of
nd worlds supply. Our government
re- loaned the allied governments o
n s. son 100000. and they have mari
an I'd here nriyately. another &20O0.0(