New Britain herald., 1919-08-29
w. $. $. AND THE HI. C. L."

tile odF 1nSS DlV1SlOn or the treas ury Department, has the following t say in regard to the cost of living, is scarcely necessary to use the wor 'high' to preface cost" any more and the sale of War Savings Stamp as a remedy.
 The people of the United States are virtually in league with the profiteers, Veritable orgy of buying is going on. The reac- ton from the careful use of money during war time is wide spread and disturbing. Retailers are securing goods from jobbers without arguing about prices, if they can only be assured of inn mediate delivery. They know their customers will scramble for the goods, regardless of cost. Thus, with an abnormal demand and a limited output, nothing else can be expected than high prices. It is natural, though deplor- able, consequence that profiteers abound.
 The people must return to the policy of careful buying and reg ular saving if they wish to help the situation. The Treasury De- partment in order to combat this artificial situation, is intensifying and speeding up it's thrift cam paign. Statements on the prin- ciples of finance and the laws of investment and budgetry are to i,, tories; to farmers; to business and professional men, and mem bers of women's organizations by means of printed publicity and the spoken word. A nationwide attack upon swindlers who are persuading people to dispose of their Liberty Bonds and War Savings Stamps is also being in augurated.
 Throughout New England, savings and thrift organizations already are eXerting their con- bined efforts to combat increased cost of the necessities of life. Savings directors and hundreds of officers of Savings Societies are to King the lead in disseminat-
 
 Tn their communities they are aiding the determination and publication of fair prices and in curbing unjust profits. They are following the plan of campaign recently outlined by Governor w. P. c. Harding of the Federal Re- serve Board, to promote regular and efficient work to increase production and insure reasonable economies to devote that produc- ton to necessities rather than extravaganza or luxuries.
 Steps are being taken to in sure similar efforts throughout the other Federal Reserve Dis trict''
 There is little doubt about / thi ''orgy of spending. It is being free ly indulged in upon all sides. Afte several years of savings the country i now upon a financial spree, spendin where it never spent before. News and public organs of all de scriptions have given a great deal c space to this subject, seemingly with out effect. The spree continues jus the same. It is bound to come to a end, however, and let us hope that does so without the usual darkness C the morning after'.
 As far as investment in U. S. bond and stamps is concerned, there bound to be less of this than ther was during the war. It is not patriotic duty any longer to bu War Savings Stamps, that is, the a1 craze mortal does not consider it SC his country needed it. now he is gi1 ing himself a little extra fun as reward That is a reaction that bound to follow. Unfortunately, he selling some of his bonds to do thi It is not harming the country partic ularly if he sells his savings, but is hurting the individual if he wi but realize it.
 If a little of this desire to spen money may be diverted to the pu1 chase of War Savings Stamps, tt only government securities which ar now offered direct from the Treas ury, the individual will benefit ia more than the government. Quarter put into Thrift Stamps quickly bull into dollars for War Savings Stamp and there is not a method of savin that is less felt. It will be well if tn public mind may be led to the buyin of the Stamps as a relief for tn spending desire.