Evening star., 1919-10-04
BANKERS |NDORSE
| THRIFT MOVEMENT
Washington Financial Men at
! st. Louis Urge Week for
National Drive.

National thrift week. scheduled for
next January, was indorsed by the
American Bankers Association In con-
vention at st. Louis. attended by a
number of Washington bankers.
The resolution, unanimously adopted.
presented by Walter H. Head. vice
president of the national bank sec
tion and president of the Omaha Ma
tional Bank. gave the purpose OF the
January program. by stating: The
American Bankers Association learns
with interest and heartily indorses
the campaign of economic education
to be known as National Thrift week.
beginning January II. 1920, in which
it is intended to bring home to the
individual citizens of the United
States and Canada the Importance or
continued thrift and economy. the
value of life insurance, OF a oank
account of making a will and ap-
pointing trusteeship, OF owning
ones home, and the paying OF bills
promptly"
Concrete Principle Wanted.
Mr.. Head, in discussing the plans,
described some of the concrete results
already obtained through the efforts
Of the national committee. I'VE found
that men wanted some concrete prn-
cipIes to guide them in connection WIN
their money matters" he said. ano
SO a financial creed OF the ten com
mandments of a mans financial life
are to be recommended, which are:
l. This requires estimation In ad-
vance how ones income is to be spent
and helps the individual to find a
measuring rod for his spending.
2. Keep an intelligent record OF ex-
penditures.
hor
4. Carry life insurance.
5. Make will.
g. Own your home eventually.
Z. Pay your bills promptly.
8. Invest in war savings stamps and
other government securities.
9. Spend less than you earn.
10. Share with others. Thrift with
out benevolence is a doubtful blessing,
Indorse Thrift Week.
National thrift week already has
the official Endorsement and the sup
port of the United States League of
Building and Loan Associations, the
National Federation of Construction
Industries, the Retail Credit Mems
Credit Association, the National As
sociation of Life Insurance Under
writer's, the National Credit Mems As
sociation, the American Life Conven-
ton and other national bodies
The national committee on the in
auguration and observance OF ma
tional thrift week is as follows:
Homer S. Ferguson. president Of the
Chamber of Commerce. u. s. A.; Rob-
ert F. Maddox, Atlanta. president
American Bankers Association; H. A.
Moehlenpah, member federal reserve
board; A. J. HemphilL New York.
chairman of the Guaranty Trust Com
pany; Walter w. Head, Omaha, vice
president national bank section
American Bankers Association; q. X.
Satterlee, New York, president Frank
lin Savings Bank; H. A. Schenck, New
York, president Bowery Savings
Bank; Henry j. Allen. Governor of
Kansas; Adolph Lewisofln, New York.
banker: Edward A. Woods, Pittsburgh
executive council. National Associa-
tion Life Underwriters; Winslow Rus
sell, Hartford. vice president of the
Phoenix Mutual Life Insurance Com
pany, chairman of the Association of
Life Agency Officers: H. c. Richard,
New York, president the State Bank /;
A. v. Ostrom. New York, banker; Her
bert Houston, New York. Associated
Advertising Clubs of the World: ]. J.
Eagan, Atlanta, chairman American
Cast Iron Pipe Company; DR.. Irving
Fisher. Yale University; Harold A.
Hatch, New York, manufacturer and
banker; H. H. Collins. jr.. Philadel-
phia. president A. NJ. Collins Manu-
featuring Company; w. w. Bowman.
Topeka, Kansas Bankers Association.