The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-12-20
WAR On H. G. /.
War Loan Organization Will Co.
operate in Movement


Vigorous assistance in the move
ment to reduce the high cost of liv-
ing, through encouraging sane spend
Ing. will be given by the War Loan Or
ganization of the Fifth Federal Dis
trict next year, according to an an
nouncement made today from Rich
mond, Va, by Albert S. Jonnstone, dl-
rector for this district.
With the foundation of the gov
ernment's Saving Movement firmly
| laid and with full knowledge of the
| tremendous benefits which inevitably
| follow when the principles Of thrift
are adopted, the United States Treas
ury Department will continue to push
the movement in 1920" Director
Johnstone said.
THE War Loan Organization OF
this district has enjoyed he cooper
alton of many able citizens" the di-
tr:c. director continued. Numerous
banks and mercantile and industrial
ablishments have rendered whole
hearted assistance, while the newspa-
pers of the district, by their patriotism
and generosity, have accorded SER
vice of inestimable value.
1T will be the policy Of the War
Loan Organization of the Fifth Fed
eral Reserve District during 1920 to
| continue to emphasize the import
ance of spending wisely, Of saving
regularly and Systematically, Of in
vesting in sound securities. 1t will
endeavor to find or create new mar
| kets for government securities, and
point out to investors the attrac-
/ tiveness Of Liberty Bonds and Victory
notes. particularly when bought al
market prices. Also especial en-
phasis vii. be given to the savings
movement which is now popuiarly
identified with Wac Savings SIAM
and Thrift Stamps.
"a point to be mentioned, but
which no longer needs to be empha-
sized, is that thrift Goes not mean
nliserliness. It means getting youl
moneys worth; it means the elimina-
ton Of waste; it means saving or
what you do not need; it means the
steadfast refusal to buy useless lux
uries; it means the most efficient use
of al natural and acquired resources;
it means safeguarding against unfor-
seen emergencies and protection OF
the future.
Through this thrift movement, be-
gun in December 1917, the govern
nent has marketed to millions Of pur-
| chasers savings securities to a tota,
exceeding .s1,121, 100000. Despite the
falling off in interest on the part OF
! the public in these securities following
the armistice, the sales began to in.
crease last summer, showing that the
efforts of the treasury to stem the
tide of extravaganza and develop ha.j
; its Of saving were beginning 10 bea!
: fruit
1.-The development Of this saving,
movement during recent months has
been very encouraging. Since the be-
! ginning of the present school year
more than 5000 savings societies have
been organized in the schools Of the
Fifth Federal Reserve District. II
many school rooms and grades every
! child IS member Of a savings So
ciety. having agreed to save system
at:cal1y and invest his savings II
thrift ID war savings stamps. How
much this movement means poten-
tally is suggested by the fact tina
during the last two weeks in Octobei
| children in the public schools in Bal
timorc alone saved s23,6o0, investing
the whole amount in these securities
! Upwards of 1000 women's organ,
izations throughout tho district haE'e
been actively enlisted in studying
budget-making, promoting thrf
among their members and associates
shopping more carefully, and in these
ways fighting the high cost Of living
land since August 1, we have CARRIE
on educational campaigns in behalf OF
systematic saving and wise invest
ment in government securities in
more than 900 concerns in this dis
trict employing more than $4,000
people,