Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1919-12-18
DECALCCUE FOR
FRUCAL!TY GUIDE
Drawn by National Committee
for 1920 Drive Against High
Living Costs.
MAkEA BUDGET, CoMEsFIRsT
Keep Tab on Expenditures Have q
Bank Account, Spend Less Than
You Earn, Are Other Com.
mandments.

st. Louis.-Ten commandments for
the guidance of a. mans financial life
have been drawn up by national
committee of bankers and others to
aid in the great drive of 1920 against
the cohorts of high cost of living.
This decalogue for the frugal man
to stiffen his morale in a battle to save
something from the profiteers and rent
raisers Is part of the program for the
National Thrift week, to begin Janu-
ary II next.
Plans for rallying the armies of
money savers for the 1920 drive by
holding this Thrift week were ap-
proved by the American Bank
ers' association in its recent conven-
tion in this city. The ilea already
had the Endorsement Of the United
States League of Building and Loan
Associations, National Federation of
Construction Industries. Retail Cred
It Mems association. National Associ.
alton Of Life Insurance Underwriters,
National Credit Mems association, the
American Life convention. and other
national bodies.
"Make a Budget" One Commandment
The ten commandments as recon.
mended by Walter w. Head Of Omaha,
vice president Of the National bank
section of the American Bankers as.
sociation, are:
1. Make a budget.
2. Keep an intelligent record Of ex.
penditures.
8. Have a bank account.
4. Carry life insurance.
8. Make will.
6. Own your home eventually.
Z. Pay your bills promptly.
8. Invest in War Savings stamps
and other government securities.
8. Spend less than you earn.
10. Share with others. Thrift with,
out benevolence is a doubtful blessing.
The eight days of the National
Thrift week have been named after
some points of the financial creed, as
follows:
Saturday. January 17-"Bank day"
VI 4Ndtioiiui uuyS W SOAhPAo1
size the need for individual thrift and
the service a bank renders com
munity.
Sunday, January 1s-"Thrift Sun.
day." with sermons in all American
pulpits on the relation Of economic
life to religious well-being and the
need Of sharing with others.
Monday. January 19-"National In.
surance day." to stress the need OF
protecting ones family.
Tuesday, January 20-"Own Your
Home day." to show why 1t is desira
BILE and how 1t is possible to own youi
own home.
Wednesday, January 21-''Make a
VIII day." to urge men to make Wills
Thursday, January 22-'Thrift In
Industry day." to advocate factory
thrift and cooperation between CAPT
tai and labor.
Friday. January 2s-"Family Budget
day"
Saturday, January 24-"Pay Your
Bills day."
Employer 10 Affected.
supporting tnlS movement Ill Ill du
dress to the bankers In their conven-
tion here, Arthur M. East of New
York, national director of the Thrift
week movement, said:
Financial and industrial leaders are
interested in the increased cost Of liv'
ing because they know that In most
cases the bill for the increased cost
is handed by the worker to the en-
ployer for liquidation. The bill for the
cost resulting from the inefficiency OF
the average man and housewife In the
spending of money and their failure to
get full value for money received Is
also handed to the employer for pay
ment either in increased demands for
wages or In increased dissatisfaction
and industrial unrest.
$50 many employers are learning
that. along with plans for stimulating
the interest of the worker in his job,
there must 60 hand In hand with 1t
an education of employees in funda-
mental economics and in the pse and
value Of money"