Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1919-05-16
SAVING TO STABILIZE
BUSINESS OF COUNTRY
Systematic Buying and EIimina-
ton of Waste Lead to Prompt
Payment of Bills and
Happiness.

American thrift will go far to save
the life of the world, to bring liberty
and to make the pursuit of happiness
possible to oppressed humanity. Peri
odically In the United States there
have come times of financial depres-
sion; production has exceeded con-
sumption; factory doors have closed;
workers have found themselves with
out money and the retailers who serve
them have faced the gloomy alterna-
tive of refusing credit and going out
of business because of lack of trade.
or extending credit and going to smash
because of lack of funds. The store
closes its doors and Immediately other
stores, even those competing, feel the
unwholesome influence. Panic spreads
just as surely as when there is a run
on a bank and failure stares many
merchants In the face.
Now the more thrifty the people of
a community are the more promptly
they pay their bills, and the more
promptly bills are paid the more re-
mote becomes the possibility of fail
ure. If every worker is a systematic
saver, with savings made possible by
careful, intelligent buying and the
elimination Of waste, the hard time
will be safely bridged and will be ire
mendously shortened. 1t is, therefore,
good business for the retailer to join
In a campaign against impulsive buy
ing and waste. The mechanic who, in
flush times, buys an unnecessa lily
elaborate article, and who, in hard
times, repudiates his bills, is not as
good a customer as the one who used
restraint in his day of prosperity and
had a margin for the rainy day. The
former undermineS business-the lat
ter stabilizeS 1t.
The judicious buyer who exercises
care In his purchase also carefully and
co~nscientiously meets his obligations
The man who throws money away
treats his bills as "a scrap of paper"
Waste is an enemy of good business.
In certain districts of New York inves-
tigators found that IL per cent of the
contents of the garbage cans was per-
fectly good foodstuff. The amount of
disable material abandoned in this
country every year amounts to mil
lions. The farmer leaves the pillow to
rust away outside the barn all win
ter; the housewife overheats the
house; the factory worker throws good
material on the scrap heap, AID all
those things make it possible that in
the United States today there are
1,25O,OOO people, whose working days
are over, dependent upon charity, indf-
vidual and county, to the extent of
1920, 900 a year, dependent because
In their earning days they cultivated
habits of waste rather than those Of
thrift.
Education in thrift must be In edu-
cation in values. That education must
extend past the workers of today to
the workers Of tomorrow. Hereafter
more of a youths precious school
hours should be devoted to a cOnsid-
Grafton of the principles of how to live,
how to take a helpful and progressive
part in the problems Of a workaday
world. The biggest lack in this ma
ton is q department which will teach
the value of a dollar.
The young man who in school re-
ceived the proper training In thrift
Wal take account of the use Of saw
ings. Savings is worse than useless
IL the ~hard-earned accumulations are
invested In some of the innumerable
g0ld-brick, get-rich-quick schemes
which take millions of dollars out Of
our communities each year.
The treasury department is confident
that no safer and more attractive plan
has been offered for the encourage
ment of small systematic investment
than that Of War Savings Stamps. If
the investor can lay aside but % cents
a week he has here the al Of put
ting that amount away in a safe Sc
curity. If he can set aside four dol
lars and a few odd cents each week
that amount begins working for him
at a good rate of interest, which, with
the principal, he will receive at the
end of FIVE years. Let the necessity
of redemption arise through illness or
hard times-he a have the ready
cash ten days after he applies for it.
In a certain great industrial plant
where so per cent Of the employees
were regular buyers of thrift stamps
the influenza epidemic was met with
the minimum Of suffering. The men
had the funds available for doctor and
medicine and proper food. They met
their bills promptly and did not embar-
rass the merchants of the community.
It would be hard today to get any of
these men to abandon the thrift habit
which the government has taught them.
SAVE IN WAR ON WASTE
Cardinal Gibbons for Savings.
An appeal for continued support Of
the governments war savings cam
paign has been issued by Cardinal Glib
bons.
"We should welcome the opportunity
afforded by our government" said the
cardinal, ito continue the saving
habit. To buy war savings is the
clear duty of every American citizen,
young and old. l urge &n our clergy