Newark post. (Newark, Del.) 1910-1969, 1919-08-20
GREATER THRIFT
NECESSARY TO SAVE
THE WORLD
English Writer Gives Valuable
Advice to Producers and
Consumers

Sir Auckland Geddes, M. P. in
message to the English people
gives as one remedy for getting the
world out Of it's present middle,
greater thrift practiced by the
people and greater production for
the time expended. His message
contains much that has a very di-
rect bearing on the situation in
America. He says:
Save money and invest it, not
spend money and have good time
that must be our guiding princi-
pie, if we are to come successfully
Through our difficulties.
There are two great needs OF our
economic life, and each one OF us
and every class must come to grips
with these needs in the work we
do and the money we handle in our
daily life.
There is no use in regarding the
matter as something abstract, some
thing which concerns the man next
door but not our individual selves.
Each Of us must save and invest
more and to the best effect.
Unless we produce more we can
not become better off, however
much money, wages, salaries and
profits may be raised all around.
That is the truth which we need
all not merely to preach by way
of rebuke to other people, but to
take to heart and apply in our own
case.
If every one gives me a SIX
pence | become a millionaire, and
it makes very little difference to
any one else. Can we, then, all be-
come millionaires if we each agree
to give sixpence to every one else
Of course we cannot. But there Is
far too great a tendency just now
for us to talk and act as though we
could.
The real income Of the country
consists only Of the goods we pro
duce and the goods we obtain from
abroad and sending other goods we
produce in exchange for them. AnC
if we PRODUCE rather less, though
each of us may seem to get rather
more profits or rather more wages
in the process, the result is none
the less-there is no way out Of i
that we are a poorer people.
The importance of greater thrift
is equally in need of emphasis. TIL
fallacy that extravaganza is goo(
for trade dies hard. The essenc
of saving. as compared with spend
ing, needs to be realized far NOR
clearly than it is.
The essence of saving is in usin'
your money to buy one thing in
stead Of another. We ought to bu
factories or machinery, instead o
something to consume at the MON
ent. The right way of using none
is to buy something, and in wa
which causes at least as great dc
mand for labor and stimulus t
trade (although in other channels
as if it were used to buy furs o
chocolate.
;. Machinery for production, whic
we may call "capital goods,
urgently required just now. Gres
:. inroads have been made during tn
.. war in the equipment of some
= our industries; repairs and r.
= newals have been curtalled, an
these arrears have now to be owe
. taken.
u Housing stands out as great III
. tional need, calling for the e,
penditure Of a large part Of our r
t sources of capital which has bee
= transformed into "capitaI goods
u in this case houses. It is on
from savings that these needs ca
be met.
{ During the war the curtailmel
= of consumption, as far as posslb
> consistently with the maintenan
Il of full efficiency, was widely reco
! nized as a national duty incumbel
It upon each individual. And we nee
Il now a continuance or a further d
: velelopment Of that conception,
d we are to cope successfully with Il
J. great task Of reconstruction.
IL Mrs. Newlywed went to the grocel
II store to do her morning marketin