Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-10-18
BANKERS TELL HOW
TO BEAT H. G. L.
National Committee Of Bankers Draws
Up Series Of Ten Commandments
Which Will Aid in Reducing Cost Of
Livins-Are Part Of National Thrift
Week Campaign.

week campaign.
st. Louis, Oct. 1s.--Tcn command
ments for the guidance of a mans fl
nancial life have been drawn up by a
national committee Of bankers and
others to aid IN the great drive Of 1920
against the cohorts Of high cost Of liV-
ing.
This decaTogue for the frugal man
to stiffen his moral in 4 battle to
save something from the profiteers and
rent raisers is part Of the program for
the National Thrift Week. to begin
Jan. IL next.
Plans for rallying the armies OF
money savers for the 1920 drive by
holding this thrift week were approved
by the American Bankers Association
in its recent convention in this city.
The idea already had the endorsement
Of the United States League Of Build
ing and Loan Associations, National
Federation OF Construction Industries,
Retail Credit Mems Association. Ma
tional Association of Life Insurance
Underwriters, National Credit Mems
Association. the American Life Con-
vention and other national bodies.
The ten commandments as recon-
mended by Walter W. Head, of Omaha.
vice president of the National Bank
section of the American Bankers AS
ISOLATION. are:
l. Make a budget.
2. Keep an intelligent record of ex-
penditures.
3. Have bank account
4. Carry life insurance.
s. Make a will.
8. Own your own home eventually.
7. Pay your bills promptly.
8. Invest in war savings stamps and
other government securities.
9. Spend less than you earn.
10. Share with others. Thrift with
out benevoience is a doubtful blessing
The eight days of the national thrift
week have been named after some
points Of the financial creed as fol
lows:
Saturday. Jan. 17.-"Bank Day O,
National Thrift Day" to emphasize
the need for individual thrift and the
service bank renders a community.
Sunday, Jan. 1s.-''Thrift Sunday
with sermons in all American pulpits
| on the relation of economic life to re-
leious well being and the need Of shar-
ing with others.
Monday, Jan. EDUCATIONAL Insur-
ance Day." to stress the need of pro-
tecting ones family.
Tuesday, Jan. 20.-"Own your owr
home day." TO show why it is desirable
and how it is possible to own your own
home.
Wednesday, Jan. 21-''Make a viii
day" to urge men to make wills.
Thursday. Jan. 22.-"Thrist in indus.
try day." to advocate factory thrift ant
cooperation between capital and labor
Friday. Jan. 23.-"Family budget
day"
Saturday. Jan. 24.-"Pay your bills
day
Supporting this movement in address
to the bankers in their convention here
Arthur NJ. East, of New York, nationa
director Of the thrift week movement
said: Financial and industrial lead
ers are interested in the increased cost
OF living because they know that If
! most cases the bill for the increased
cost is handed by the worker to the
employer for liquidation. The bill fol
the cost resulting from the inefficiencJ
OF the average man and housewife ir
the spending Of money and their fail.
ure to get full value for money receiv.
| ed is also handed TO tie employer fol
payment either in increased demand:
for wages or in increased dissatisfac
ton and industrial unrest.
SO, many employers are learning
that, along with plans for stimulating
the interest Of the worker in his Job
there must 90 hand in hand with 1t ar
education Of employees in Fundamental
economics and in the use and value o.
money"