The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-09-06
Every Individual Should Be a
Systematic Saver.
That Is the Advice Given by
Senator Capper.
USE GOVERNMENT AS BANK
Investments in Treasury Secur-
tiles Are Very Best.
Wild Speculation Is Always a
Dangerous Thing.
BY ARTHUR CAPPER,


(By Arthur Capper, United States Senator
from Kansas.)
The successful farmer is the man
who not only gets maximum produc-
ton from his acres, but maximum re-
turns from the sale of his crops.
Before you make disposition OF your
crop receipts, consider the future with
the same care that would be exercised
by a man whose stock was on his
shelves instead of in his soil.
Surprising some new idea in farm
machinery is developed which cut
down your costs and made your work
easier. VIII you have to go in debt
TO buy it. paying interest at six or
seven or eight per cent?
Supposing drouth, smut, a falling
market, transportation difficulties,
leave you without income next year.
Will you be dependent upon the capt.
tai Of some more provident man, and
pay him a stiff interest rate because
OF your dependence?
BE Your Own Banker.
WHY not take serious forethought
and keep capital at your own COM
mand2 Why not be your own banker
and carry your own insurance against
a lean year?
There is one place to put your
money where no circumstances can
cause YOU loss. That place is IN the
treasury Of the United states will pay
YOU per cent compound quarterly, for
sums up TO $1,000 invested in war saw
ings stamps or treasury savings GER
fificates sums of from S41 up can be
Invested in liberty bonds Of various
issues At present market prices the
Interest return is. in some instances
nearly per cent.
Bear this in mind The doctrine
OF sound political economy is that
prosperity depends upon the quantlty
OF money available for investment
that is the supply Of capital ready Tor
the demands of industry and trade.
The popular fallacy that prosperity Is
caused by huge sums of money being
kept in circulation by free spending Is
4 dangerous one. -,
IA PeopIe of the United States drew
.upon their earnings and savings for
the huge sum Of S26, 0OO,OOO,OOO TO
finance the war.
~ An equal sum raised to finance the
reeds of peace would keep us pre-
dominant in the world of trade. Out
Of the national income of some forty
to fifty billion dollars, the people OF
This country can easily lay aside sucn
a sum each Year. To accomplish this
goal It is only necessary to spend our
Income wisely and judiciously to get
q dollars worth for each Golla aI., re- :
spend: to invest our surplus IN sounu
securities because this investment
makes it easier for our basic Industry
and trade to function.
Save systematically.
And it should always be borne IN
mind that the one sure way for the
Individual to increase his capital is
to put aside in savings some OF every
amount of money that comes into his
hands. whether it be wages or sales
proceeds, before he draws upon 1t lot
Current or other expenses.
The national mania for speculation
keeps hundreds of millions or dollars
sffed ND in margins and in unproduc-
tive enterprises. The resultant loss Is
more serious to the nation than the
.4athack the individual Spectator re-
,reives In the same way, huge sums
are spent for Injuries and articles OF
small intrinsic worth, withdrawing
that much money from the supply
available to the basic industries which
bring us real prosperity
The man who turns aside from a
Speculative proposition to put MS
money into furthering the activities OF
4he real Industries of the country can
feel the same thrill of patriotic service
that he did in buying Liberty Bonds
or Savings Stamps.
And in the purchase OF Liberty
Bonds and Savings Stamps today he Is
Indirectly accomplishing the same
Service The government must con-
tinue to draw upon the financial re-
E. serves of the country for large sums
Such portions of these amounts as the
Individual furnishes will not have 70
ne furnished by the banks. which will
have that much more available for in
dustry and trade.
Kansas city Grain and Provision Market.
~ Kansas city, Sept. 6.-WHEAT-Cash
Market unchanged TO 1c lower. No. hard