Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-06-19
JOHN POOLE URGES
NEED OF THRIFT"
D. c. Banker, at Rotary Club
Convention, Discusses Les
son Taught by War.

|
SALT LAKE CITY. June 19.-John
Poole, president of the International
Association of Rotary Clubs. who is
also president of the Federal National
bank of Washington, D. c.. yesterday
addressed the bankers vocational sec
,, ton of the international Rotary Clubs
| at the convention of the association
at Salt Lake City. Mr.. PooIe's subject
was Thrift"
| THE great conflict which has re-
Gently come to close has taught us
/ many things" Mr.. Poole said. I'VE
nave become educated in matters of
| health, religion, generosity, conSer-
, walton and thrift. The masses have
| peen urged to give to innumerable
| war relief agencies and charities.
| Millions and millions have been pre-
vailed upon to save out of their earn
| 1ngS and lend their savings to the
government. If the lessons have
been well learned. our country will
p, be saved from the disgraceful condi
! ton CT the past, when. according to
| carefully compiled insurance statis-
tics. we find large number of peo-
| pie OF sixty years and older dependent
upon relatives. friends or charity for
| the necessities of life.
| sometimes these people are called
! financial cripples.' and from that
| scrapheap they call out to us, Save
during your earning years
Quotes James J. Hill.
| James J. Hill, the great railroad
| magnate. once said: If you want to
I know whether you are going to be
! success or failure in life you can
easily find out. Just ask yourself
1t not, drop out You will fail as sure
as you live. You may not think so,
| but you will. The seed of success
| is not in you Nothing gives a per-
son the right direction in life more
effectively than saving money. When
| one learns how to save regularly he
has found the keystone to success
| Being free from financial worries ones
! entire thought may be devoted to the
| development of higher efficiency in
| his work.
| Thrift evidences superiority in many
ways. 1t denotes self-control. self-re-
; lance. prudence and foresight, and
| finally brings independence. The
practice of saving money gives an
| upward tendency to life, improves the
| quality of the individual and has a
healthful reaction upon all the other
! faculties"
Discusses the "Boy" Problem.
We of Rotary are devoting lots
Of time and thought to the boy
problem for the purpose of improving
our citizenship. 1t seems to me that
one of the most important factors in
| the successful and thorough develop
ment of the boy into safe and SPLEEN
did manhood is to teach him the
value of saving money I want my boy
to have every opportunity that other
boys have. l want to teach him to
| earn, teach him to save, and make
him ready to seize the opportunity
when it comes. 1 want to develop in
him habits of thrift and business in
stinct. I want him to possess those
qualities which will make him. when
ne becomes a man eligible for mem
bition for your boy then go to it
Don't pass it by"
LAS an illustration of the powtr of
money, tell him that hundred dol
lars deposited at 6 per cent compound
interest would, in two hundred years.
amount to more than one hundred
million dollars. He won't have any
but it will show him what money can
do and how 1t can accumulate.
Heedlesss Use of Money.
when a person spends money for
something he really doesn't meet the
money is gone forever; but when one
invests money he still retains all that
earning power is added, so that he
then has two forces at work from
both Of which an income is derivtd.
One is man-power. his own personal
effort-the other is money-power, the
return from invested savings"
And so, as bankers, I feel it is in
,umbent upon us to help the people
If our respective communities to get
the right start in life. Encourage them
; to save at least a portion of their
earnings, and then a little more, ex-
planning to them that thrift is the
foundation of success in business, of
contentment in the home and standing
in society"