Evening star., 1919-02-23
e. OTHERWISE

/ IuN11lN NA1nI"
The war loan organization of the
fifth federal reserve district is send
ing out a series of short essays on
savings prepared by the savings di-
vision of the Treasury. In the first
number of the, series it is said that
higher rates of wages paid during
the war have opened TO workers the
choice Of various new standards OF
action--they cannot be called stand
ards of living" The savings experts
Of the Treasury say that the near
sighted have used their unusual wages
to indulge in all sorts of extraya
gances which gave little real salts
faction and contributed nothing to
permanent family stability. Where
they are.not harnning themselves. they
are cultivating tastes which they can
not hope permanently TO crafty.
Others, tn far-sighted ones, have used
their increase in wages to improve
their comfort up to the full efficiency
point for themselves and their lam
lilies, and are thinking carefully De-
fore they spend their surplus. Many
are investing wisely in homes or
making other well-considered invest
ment purchases
The Treasury says it believes that
the wisest of the wage-workers are
putting a large share of their earn
ings into war savings stamps or saw
ings banks to provide for necessities
that may arise, for the eoucaeioh OF
children, etc. and particularly to es-
tablish a "turn-around" fund that Will
enable them to meet more comfortably
any changes in business or employ
menf that may result from post -armls-
tiee conditions.
Liberty Loan Posters in Germany.
Liberty loan posters may be put up
on public buildings in Germany Ine
Treasury has announced that supply
of posters, buttons and other cam
paign material has been sent to Gen.
Pershing to be distributed in that part
of Germany occupied by American
forces. It is given out that these
posters will be displayed in all
American Army camps in Germany
aud may even adorn public buildings
in Germany.
There will be victory loan drive in
American colonies in all foreign coun-
tries, and ii is announced that plans
are maturing in American colonies in
thirty-nine foreign countries to instr
tute and carry on campaigns for the
cleanup Loan Thousands of posters,
buttons and badges have been dis
patched to every quarter of the globe
where Americans reside. They will be
distributed through the American
Legations
Senator = Kings Bill Discussed
Various associations of bankers are
discussing the terms of the bill in
troduced by Senator King ITO estabT
lish within the Department OF the
Treasury a bureau for the regulation
and supervision of the export of saw
ings from the United States" This bill
would exact an annual license fee of
1,G0D from any individual, firm. unin-'
corporated association or corporation
for the privilege of engaging in the
business of forwarding foreign remit
tances in sums of 800 or less made up
into an amount exceeding S100, re-
ceived for the purpose of such trans
mission from persons other than citi-
zens of the United States residing in
the United States.
: 1t provides that in every case where
the applicant is not a bank or trust
company duly organized under the
laws of the United States or any state
there shall be deposited security under
certain regulations. but in no case less
are proposed to be thrown around the
transmission of savings to foreign
countries by aliens residing in this
country.
The bulletin Of the Illinois Bankers
Association, commenting on this bill,
says that it also would seem that the
requirement of license fee of 81. 900
would not work out advantageously, as
it would tend to prohibit all small in
stitutions from engaging in the busi-
ness of transmitting moneys to for
.eign countries, which would then be
handled entirely by the large banks
The requirement of a license is en-
tirely a regulatory measure and if the
real purpose of the proposed act is to
protect the foreign citizen in the
transmission of his savings a license
fee of 800 would serve as adequately
and be more equitable for the banks.
Building outlook, Theme of Address
:. The building outlook in this coun-
try was considered in a recent ad-
dress by Frank w Skinner, editor
of Contracting. In the United States
alone, up to the beginning of the
war. there was normal volume of
at least S3,000.00o 600 worth of build
ing construction of all sorts an
nually. Mr.. Skinner said that with
the increase in our exports, enlarge
rnent of our manufacturing centers
and industries, additional housing for
the increased population and other
factors. this amount must be appre-
ciably increased with the resumption
of peace conditions. During the latter
part of the war military and other
government restrictions, high prices
and uncertain conditions ,hindered
much very important work that
is eventually necessary. and this de-
ferred work of replacement. recon-
struction. extension and growth. prob
ably amounts to S3,000.000,O00 or
$4,000, 100000 more at the present
current requirements, only awaits the
resumption of activity. satisfactory
government policy and more settled
conditions for materials and labor.
The rehabilitation and reconstruc-
tfon OF the war-ravaged districts of
taken into account. Many billions of
dollars will be required for this;
much of the vast sum will be lent
by the United States government. and
it's expenditure more or less directed
and supervised by its officers. This
great expectation of building ma
terials from this country. and offers
splendid opportunities for builders,
their organizations and their equip
ment. ~
1t is pointed out that another large
prospect for building is in the wide
and rich territories in South America.
In Africa and in colonial and island
territories that have been depleted
and neglected through the results of
the war, and by it's termination are
offered to US for exploitation.
Webb Law Possibilities, Topic.
Interest in the possibilities of the