Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-01-29
THRIFT, THRIFT, HoAATlo."


A common statement is that "the
first $1,000 is the hardest to get. II
is. Starting with dollar 1t takes sss
more TO make the $1,000. Starting
with 81 900 the other 81, 900 just comes
along and stays with its friend. First
thing the saver knows that $1,000 has
doubled. The dollar does the same
thing but it doesn't seem to. The trou-
BILE is that we are thinking in terms of
thousands instead OF In terms OF ones
But II Is astonishing always though
old as thrift itself. what dollar will
do If set 10 work early and kept work
ing thru q term of years. In twenty
years it will double at 3ia per cent.
But in 100 years it will have more than
thirty companions about II.
Take the dollar some of us have
spent every week for. o say cigars.
Say We stuck it in the savings bank
every week beginning twenty years
ago. Four per cent interest. At the
end OF the first year we'd have had the
So We put in and IS cents interest.
Not much interest, eh? Not even a
weeks saving.
But wait: At the close OF next year
the bank book will show sl01.6I.
Gained 1857 cents. Almost month
of digging dollars out Of pocket In
five years the amount has grown to
s2S5.SS. When ten years are up the
account stands $685.. The dollar
working all by it's lonesome has done
two years and a half and then some Of
the dollar a week digging. You have
1885 that you never dug out Of your
pocket. It's velvet.
But wait: Fifteen years from the
time you began to stick dollar a week
in the bank instead OF blowing it in
smoke or some other fashion the &C
count reads sl,056.7a. The first $1,000
sticks its head up and tingles $o6.Is
in change in its pockets. The busy
dollar week has raised a family.
There's s27s79 that you never had your
fingers on. While you have been put
ting in a dollar a week for Is years
the nimbie dollar has done years
time for you. You are years Of dol
lar digging to the good and little
item of sl6.79 on the side or three ex-
ira months Of dollar a week work.
Along about that time opportunity
arrives. Somebody dies or has to re-
tire from the business. A man without
a dollar hardly ever gets bid to come
in as partner. II he does he's most
exceptional sort with a special equip
ment. But SOMEBODY goes out. All this
time somebody has been watching you.
Somebody knows whether or not you
have been thrifty. And then that III
tie old sl,o5s7s is worth its actual
cash value 10 to so times over. 1t
gets you in; it and the habits Of thrift
formed thru Is years Of saving.
But II it shouldn't. If you simply
set back and sawed wood right along
that dollar a week would be worth
sl.57l.5s in twenty years, in twenty
five years it would be s2,197.s2. 1t
would then be bringing you ss7sl ev-
cry year or 1891 cents more every
year than a dollar week; and II you
kept it up until you were an old man,
perhaps without relatives or friends
left, you'd have S,051.l6 of the most de-
pendable friends any old man ever had
That's what a dollar week does. The
results Of dollar day are astonish-
ing At four per cent in five years
it will create that first $1,000 AMI
s9679s to go with it on the second
1000, and in ten years the figures
that would look as big as fishhooks
from the handbook would read 49,
1914" Good reading. Pleasanter
than fiction and best of all true.
Now five years and ten years and
twenty years look like interminable
periods to youth. They are incidents
Of life when age looks back on the
trail.
Thrift, my young Horatio with tho
world ahead, thrift! Forget the get
rich quick stuff. 1t is practically oyer
with henceforth. Most Of those who
| follow it are crooks or near crooks.