Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-01-12
SALE or THRIFT STAMPS
TO GO ON IN PEACE TIMES
1919 Stamp Will Be New Desien-Franklin
Selected as Patron Saint-To Promote
Thrift Among Individuals

slider one OF the most valuable ma
same thrift habit. And they have
formed a savings division at the
Treasury Department which has en-
listed the cooperation OF educators
economists. bankers. other business
men. savings experts and household
thrift and budget authorities. TO help
put across the thrift education pro-
gram.
Most empha ticaily they do not as
sociate thrift with boarding or niiser-
illness. They conceive thrift to be ju-
iicious spending. They are armed
with slogans. among them the wise
remark of somebody that true THRIFT
is ''postponement OF enjoyment with
interest added"
Business Gives Support.
Theirs is not 80 be campaign to
interrupt buying. but q campaign in
which they have the whole-hearted
support of business men, that thrift
means thinking before you buy. In
other words thrift is defined as wise
buying. and getting your moneys
worth when you do buy. Before the
year is ended they have high hopes
of knocking into the we'll known
cooked hat that economic failacy that
mere circulation OF money means
-
millionaire may spend sto,0eo for a
BAH. and when the night is done the
walters pockets are filled. and the
guests awake in the morning with q
headache. but nobody is much better
off. Now most Iuiiliopaires are more
apt TO put that money to work. or to
place it on interest in bank, which
puts it to work. in building q pl:lc
to produce something OF use to the
community. The result of the second
process is the creation of something
OF permanent value. the payment of
regular wages. and the production OF
commodities of genuine value.
Now il is not the miilionaires, con-
trary to general opinion, who do the
most SquanderinS in this country. It
is the so-called middle class" who
DO most of it in driblets. The persons
income margin to save. but who waste
what they have left over, constitute
the wasteful bunghole, which this
savings division is going TO try TO
plug.
To Decentralize Campaign.
Machinery of the present year
thrift and war savings stamp cam
paign is to be decentraiized. Gov
ernorS of the various federal reserve
districts are to have charge of the
will appoint a director of savings
to take charge of the thrift cam
paign and the sale of war savings
stamps.
The 1e4.ooo war savings societies
will be continued. Effort will be
made to add to their number. The
se34 .0Q0 places OF sale. including banks.
post Offices and business houses,
where stamps now are sold, will be
continued. But they will be directly
under the savings directors in their
federal reserve districts
The war savings activities for this
federal reserve district. with head
quarters at Richmond. will be un-
der direction of Albert Sidney john
ston. r. G. Leffingwell. assistant sec
rotary of the Treasury, and Lewis b.
franklin of the war loan orEani1a-
tien will exercise general supervision
of the movement. Harold Rraddoca
heads the national savings division.
Various Agencies to Help.
The war savings societies. the
schools. the churches and other or
carnations and groups, and newspa-
nels for the thrift education cam
paign Through them the savings
division will work to get Americans
to balance present needs and means
against future wants They VIII
point to the need of saving for a
rainy day. or a sunny opportunity.
Theirs will not be story of possible
poverty. or long-faced appeals for
saving only for illness or old age. They
count saving for a vacation trip. or
an automobile, or education OF chill
dren. as saving worth the pains.
And throughout they will point to
the opportunity the government gives
Of saving by a method which will
help the government and therefore
bear an added interest to tho citizen.
in addition to the concrete interest of
more than per cent that he win re-
ceive at the end of Eve years.
Moreover the government Is think
ing Of ways to combat the idea that
saving OF small sums Is childs play.
One plan now under consideration Is
to issue war savings stamps in larger
denominations of perhaps 500 and
$1,000. But the details OF that plan
have not yet been worked out,