El Paso herald. (El Paso, Tex.) 1901-1931, 1919-09-27
FEDERATION RIGHT m URGING TF4RIF II
AS BASIS FOR FUTURE PROSPERITY

IT IS to the credit Of the American Federation Of Labor
that it only has heartily endorsed the governments
plan Of saving by the purchase Of war savings ana sn
stamps but taken especial pains to call that endorse
ent to the attention Of all union members within the
federation
Unions far and rear have received and prOmulgat
ing among their members copies Of the resolution adopted
bv the federation at its national convention at Atlantic
CITY n J. in June in which the federation went On rec
ord to the following effect;
eTbe var SO happily ended has required people to
develop thrift and saving which TO degree has slim
uated freedom Of action and independence on the part Of
some ape earners It as essential to stimulate thrift
and saving In time Of peace in time OF The IN
aua7ration OF the national system Of savings and
thrift stamps has afforded to Of small earnings safe
sound and guaranteed method OF government investment
Of their hard earned savings This convention approves
Of the continuation and extension of the war savings and
thrift stamp Institution necessary peaceme lnstl-
tuition or the substitution of national savings institution
akin in character and method which shall prove helpful
to safeguard the earnings Of the toiling masses
That Is sound doctrine breathing confidence in the
government and urging investment in savings stamps Tor
the good Of the individual The federation has NOT
stressed the patriotic note, probably believing ITS strongest
argument lay in setting before union members lne DeHe
fits to be derived saving money and getting II out
at interest and suggesting to them the ease with Wncn
it could be done The patriotism Of the act IS self evident
and taken for granted.
Quarters into thrift stamps and dollars into say
iues stamps viii lay the foundation for savings large
enough to give wage large first payment on
home OF furnish him the capital to 60 into small ous-
ness for himself It viii relieve him Of the uncertainty
and anxiety he feels when his living expenses tnreaten
IA overun his income The average workngman IS hea
hack from starting systematic saving by depostng II
hank bv the erroneous idea that he must have sum OF
renectable size to begin with As matter OF 1ac most
savings banks are glad start off new account with as
little dollar. =. :,
But as earnestly savings banks have sought TO IN
ess that idea On the public Il seems 10 Ieacn
rsst rsuv people The latter do know, however, thai
. cents is enough to start saving campaign with gov
eminent stamps They know too, that the stamps @is
readily convertible into cash occasion for the need OF
one arises uuexpecedy by csshing IN the stamps al
the nearest postofos after having given ten days no'
Attention Of all those people who are not union mem
hers as well as its members ought to be given TO the lea-
eratiou's attitude for what is goed advice 1or Union
hers Is GOOD also for everybody else It IS easy 10 forget
tt this war savings stamp plan as available tor saw
- 30 ss during the war unless something comes up
now and then to remind nonsavers that the opportunity Is
iu before them The longer they put off their stamp
ing however the is their Tate OF return Oh ne
ore sees behind the federation resolution the me hand
~ samuel co1upers vho whatever his faults tres to heP
80 +ba government as much as he and his workers
At fhe same tine He IS as much against
-5icalsr1 as is president Wilson himself ana ne ana
80 If other thoughtful labor union leaders have done
m IN their power to curb the growth OF any oolsneV
spirit in the ranks Of labor. -.
Ist77ent In Liberty bonds during the war and buy
~ s- savinqs stamps now combat the Bolshevik germ
Far one whose money is tied up N government
,snfe -sthfng TO happen which can mJure OF aesIos
tEa government He sane and Conservative q
o s he ACQUIRES any considerable sum OF money OF any
rone-fv worth speaking Of whether OF moi MS n0Hy
= ;ssts5 Nth the government; much more so when he
-. +1,+ s1, overturn Of national authority would
ne ort his savings The principal reason tnat me
11ifes states is so poor field for SOCIALISTS " '"
- s.-rsts is that so large number Of American res
is7fs are home owners and money savers Inc SOCIALISTS