Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1919-11-28
DIRECTOR OUTLINES
PLANS FOR FUTURE
Head of Savings Division Of Treasury
Department Reviews Work Of 1919
and Calls Attention to Bright
Prospects for 1920.
BY L. A. WILSON.
Treasury Department, for Eighth
Federal Reserve District.

Federal Reserve District.
We have now arrived at a point in
the Thrift and Savings Campaign for
this year where We can look back and
see what progress we have made and
measure the results already obtained;
also we can look forward definitely
TO the work to be done next year, as
the plans Of the Treasury Department
for the work of the Savings Division
for 1920 are now practically complete.
At the beginning Of this year the
War Savings Organization for 1915
had to be transformed from a piece
Of war machinery into an organiza-
ton for the conduct Of a radically diff
ferent campaign on a peace basis. This
change required time and effort, and
In addition to this there was also for
many months q pronounced after-the-
war lethargy among practically all the
people of the country toward any new
activity or campaign Of this character.
During this period also the Victory
Loan absorbed the time and attention
Of practically every one for several
weeks, SO that with these several
changes, influences and obstacles, the
progress of the campaign was neces-
sarily slow.
We have gradually overcome and
outrun these obstacles, and it is a
great satisfaction to know that the eff
forts put forth and the careful prepa-
ration made during the first half of the
year are now bearing fruit in increas-
ing quantities, thereby justifying the
wisdom of this campaign and the poll.
cies pursued. This is shown conclu-
sively in the Eighth Federal Reserve
District from the fact that in june we
reached the low tide in the total
amount Of sales Of stamps in the Dis
trict, 1882, O23. S2. From the first OF
July we began to climb the hill and
reap the harvest from the founda-
ton already laid, with the result that
the sales of Stamps and Treasury saw
ings Certificates have steadily and
rapidly increased with each succeed
ing month until they reached approx
mately $780, 900 in October.
In addition to these concrete re-
suits, which can be measured In sales,
a vast amount of valuable work has
been done of an educational and pub
licity character, which will continue
to zeal fruit in increasing quantities
as time goes ON. Approximately 1000
new, live Savings Societies have been
organized among different groups in
this District, a large proportion OF
which are in the schools, and the each
ing of Thrift and Systematic Saving
Is now being carried forward regularly
In most of the schools throughout the
District, This is laying L foundation
Tor the future, the value Of which can
not be measured.
1t is also interesting to note that this
progress has been made since July !,
with an actual decrease in h amour
Of expenditure in carrying on the cam
paign.
1t is with abundant assurance. there
fore, and absolute conviction as to the
value of this movement and the readi-
ness of the people of the country to
lit, that we look forward to the work
for 1920, plans for which are now prac-
tically completed.
Owing to the necessity Of a proper
proportion between sales and expendi-
lures, the separate State Organiza-
lions in the various states will be dis
continued, and the work will all be
,entered in the District Headquarters,
which will be continued practically
ls at present, as a Department Of the
Federal Reserve Bank, in each Dis
rict.
In our Eighth Federal Reserve Dis
riot an aggressive campaign in all
branches of the work will be carried
forward throughout the District.
Thrift and Savings Stamps and Treas
ury Savings Certificates Of the new
Series of 1920 will be on sale through
post offices, banks, mercantile houses
and other sales agencies. the same as
they are at the present time and on
The same terms, and this part Of the
work will be pushed theoretically.
A great deal Of attention will con.
tinue to be given to the work In the
schools through Savings Societies and
Thrift education, and an extensive
publicity campaign will be carried on
to support the activities Of the organ,
rsation, and to continue to educate our
people in the exceptional merit and
value Of the governments Savings Be-
curities from the standpoint Of invest
ment, convenience and safety.
It is a great satisfaction to be able
to report these constantly increasing
results to those who have 30 unselfsh-
ly. aided in the campaign this year.
At the same time, we know we are
sowing seeds from which a valuable
harvest will be reaped in future years
in q more thrifty citizenship and in
improved social, industrial and eco
nomic conditions.
1t is with the highest confidence in
The continued and increasing uccess
IF this important public service that
| We look forward to the campaign for
Don and euecaadiup years