The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-12-07
THRIFT GAINING
GREAT VICTORY
r,nE OF ExTRAvAGANCE BEGIN
MING TO TURN, TREASURY DE-
pARTMENT SAYS.

IN srite of the violent reaction
,gairst the Spartan economy of the
.-ar period, thrift has made substan-
.ial progress this year and the wave of
extravagance which took possession
At the country after the Armistice has
cached its height and has begun to
sr,bside There is increasing evidence
of a return to sanity in the steadily
growing sales of Savings Stamps as
reII as in the heavy increases of de-
posits in savings banks.
The thrift work of the Treasury De-
sartn1ent, through it's educational
campaign, it's general propaganda and
tbe organization of thousands of Saw
ings Societies has been effective not
only in the sales of many millions of
government securities, but also in an
Increase of hundreds of millions in
deposits of saving banks. All interests.
have profited by these activities of the
government.
The first half of the year was occu-
pied largely by the placing of the Vic
tor Loan, which was not completed
until May Is.
The efforts of the War Loan Organ
ization since the first Of June have
been concentrated on the sale of Saw
ings Stamps and certificates and the
volume of these sales, with every in
dication of q continued and far greater
increase in the year to come
The educational work in this district
has probably been more far-reaching
than in any other section of the coun-
try. because of the fact that the va
cation period was utilized in carving
thrift instruction inAe more than fifty
Normal Schools AIt0 several hundred
teachers institutes, Where our instruc-
tors reached some $4,000 teachers.
This was followed up in the fall by
the organization of thrift work in the
schools. which has been carried on
throughout the six states in this dis
trict with wholesome results.
The most arduous work this year
has been in the industrial and CONNER
cial fields, through the organizat ton
Of six thousand Savings Societies, car
rying pledge of about two millions
per annum. In addition to this very
hard and successful work was done
through banking and business circles in
the sale of two millions of Treasury
Savings Certificates, in $1,000 and 500
denominations.
In the meantime there has been ex-
tensive Publicity through the news
papers and periodicals of the district
CARNATIONS and other patriotic bodies.
The effect of all these activities dur
ing the year will be the sale of some
thing like nine and three-quarters
millions of Saving Stamps and Certifi-
Gates.
These results have been accomplish
ed in the face of a very difficrr it
uation- In its problems or9 amy es
this year has been sa5l4s3ts s4Ig q the
war period
Hsa 9es ar1 suspense have been sha
< IT E.a day ara willie men n
res5Es1s u eesponsfh1Ifssss nave beer
FEs7 s-es seq mariners upon an un.
sa and the masses of the
1n' ave had to contend with the
"isn cost of living, often unaccom-
panied by any proportionate increase
OF income. Saving under these cir
eunstances, except in the case of un-
usual profits, has required extraordin-
airy effort and determination. The gen.
eral tendency to self-denia1, which was
SO conspicuous during the war period