The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-25
INTEREST IS
MANIFESTED IN
NEAR THRIFT DAY
January II Is Date Set Aside
To IneuICate Ideals That Go
For Thrift and Right Bust
ness Methods.


NEW YORK, Nov. 25-Keen interest
on the part Of the public in the project
ed plans for a national thrift week, be-
ginning Jan. II. 1890. has been evil
denced in many ways already. the saw
ings division Of the treasury depart
ment announced today. The purpose Of
sthe week will be the endeayor to start
the country off IN the New Year with
4 sound financial program for every
individual and household, Two ends are
sought, First that the condition OF
the individual be improved, and, sec
ond, that the financial and industrial
strength OF the nation be increased by
the great sums Of capital which viii ac-
cTue through the practice Of steady saw
citizens.
THE Importance to the country Of
the practice Of thrift and saving by the
individual Is not readily appreciable,"
said William Mather Lewis. director OF
the savings division, until its results
In the aggregate are summed up. While
the country was buying $40, 600, 900, 900
worth Of Liberty bonds, Il also put away
more than $1,000, 000, 900 in war savings
stamps, and savings bank deposits In
this country also have increased some
$4,000, 0Oo, 900 during the years the world
has been at war.
THE absorption Of the Liberty loans
was due some what to extension OF our
national credit, but purchases Of v
ings stamps and increases In bank de-
posits were almost wholly due to the
wise preference OF the individual for
Increasing his own and the country's
capital account Instead OF using his
funds for unnecessary spending.
ut Is to bring to the attention OF the
/ CniInfFW TINT ~ ran NIithnnt EARFtFAr-
ing Its pleasures or curtailing its COM
forts. add several billion dollars more
TO It's capital account next year that
plans for q national thrift week early in
the year have been promulgated,
"sApady additions TO the nations cap
ital are necessary II We are TO take
advantage Of the trade and Industrial
opportunities that viii keep us at our
present full tide Of prosperity. We must
refrain from unnecessary and eXtrava-
giant spending II we are to bring prices
down. Having saved money, II Is es-
sential that the individual invest safely.
To this end we urge continued invest
ment In government securities. on which
steady and good interest returns are
assured. with full return OF principal.
Savings stamps and treasury savings
certificates win be available again next
year at banks and postoffices, and Lib
erty bonds may be purchased at or
through any banking institution"
The program for national thrift week,
as at present tentatively planned, Is as
follows.
National Thrift Day, Saturday, Jan.
II, i920--To enlist the nation In a cam
paign to save first and spend after
ward" In other words, to stick reso-
lutely TO the program OF making the
present insure the future by the regular
saving and investment OF some part OF
every pay envelope to finance future OPP
portunities or needs; to invest savings
safely, preferably In loss-proof govern
nient securities: to curb the profiteer
by demanding a dollars worth OF goods
for every dollar spent.
Thrift Sunday, Sunday, Jan. 1s--Ser4
mons in all American pulpits on the
relation OF economic life to religious
well. being, and the need Of sharing with
others.
National Life Insurance Day. Monday,
Jan. Ito emphasize the Importance
Of protecting ones family with life in
surance.
own Your own Home Day, wednes-
day, ian. 20-To show why desirable
and how possible to own a home.
Make a VIII Day, Wednesday. Jan
2l-To urge men 70 make wills, and II
so doing Impress upon them the neces.
sity Of making provision for the future
Thrift in Industry Day. Thursday
Jan. 22--To emphasize the need for fac
tory thrift, and the economic value OF
CO. operation between capital and labor,
Family Budget Day, Friday, Jan. 2,
Ito show tho Importance OF using the
budget plan In family finance,
Pay Your Bills Day, Saturday, Jan
"a TO emphasize the moral obligation
TO pay debts.