The evening Caledonian. [volume] (St. Johnsbury, Vt.) 1918-1920, 1919-08-15
CALLS MEETING
OF WAR SAVINGS
r~ee NJ A.
WORKERS AUG. q
Caledonia, Essex, Orleans
Co. Chairmen and Others
to Attend Conference

leans Co.'S Will be held in this plac
on Thursday, August Il. Those in
vitcd are the county and town chair
men, presidents of the womcn's club
in the towns which will be represent
ed, and State heads of the women
organizations in Vermont, including
all fraternal and other societies
Luncheon will be served.
Mrs. ID. c. Jones of Waterbury
\ State manager Of War Savings TO
Vermont, will be present, and TIL,
principal speaker will be Mrs. Myr
b. Lord of Boston, field secrctar!
of womcn's organization for tn,
First Federal Reserve district, which
! includes all the New England states
Mrs. Lord is an inspiring speaker
whom many of the War Saving wor
kers have already had the privilege
of hearing.
With the prediction by high off
Gals in Washington that before tho
I high cost of living becomes lower in
this country the people must cease
spending their money for Injuries
Mrs. Francis l.. Higginson of Bos-
ton, director of savings for the first
Federal Reserve district, in a state
ment just made public, urges the
people of New England to be more
thrifty and invest their savings in
safe securities such as Thrift Stamps,
War Savings Stamps, Treasury Saw
ing Certificates and other govern
ment securities.
Mrs. Higginson says: 4+..
"'The investigation at Washington
of the high cost of living has brought
to light the fact that one of the rea-
sons for the present high prices is
because the people are spending
money lavishly for Injuries. 1t has
also been pointed out by prominent
officials at Washington that no relief
from high prices can be expected I'M
til the people refrain from demand
ing the highest quality of every
thing and paying any price to get it.
"If every person in New England
would practice thrift for at least a
year and invest their savings in safe
securities such as are offered by the
government, the Federal Land Banks
and Savings Banks, we should not
hear so much about the high cost
of living.
81 fear sure that if the people of
New England can be brought to real
ize that more conservative expend-
iture of their income will help to re-
duce the high cost of living, they will
gladly refrain from the purchase of
To-day this country is in need of
capital. Europe is looking to Amer
lea for money to help rebuild it's
countries. This money America needs
should not be obtained through bank
loans, but from the savings of the
people. This. is another great reason
why the people of New England must
not waste money.
"The way to send prices higher
and higher is for everybody to cut
down his production, his hours of,
work, the efficiency of his service,
and at the same time to buy every
thing, or try to buy everything, in
sight. There is no limit to the height
to which prices many rise under this
process. aF.
"The way to bring prices down is
for everybody to produce more, by
working more faithfully, efficiently,
honestly, and in some eases even
longer hours, and at the same time
economic in his buying. He can &C.
onomize in his buying and thus re-
duce the demand for consumable
commodities, by spending more money
for Thrift Stamps. Liberty Bonds orr
by investing in producers goods
that is, tools machinery, and every
thing which will tend to increase the
productivity of the country.
"The cost of the war to the United
States has not been paid yet. Reali-,
ling that the money America needs
must come from the people, the
United States government placed at
the disposal of the people of this
country, through the United States
Treasury department. overnment Sc
curities, known as Thrift Stamps,
War Savings Stamps and Treasury
Saving Certificates. These govern
ment securities are the safest invest
ment in the world, being backed by
the richest and strongest country,
and are always worth more than their
selling price. These securities pay
over four per cent interest if held un-
til maturity and are sold at places
convenient to everybody. They can
also be converted into cash in case
of necessity. .4.... .a.at
"I believe if the people of New
England will consider this matter of
thrifty living, guard their expendi-,
lures more carefully and place their
saving in Thrift Stamps, War Saw
ings Stamps and Treasury Savings
Certificates, New England will have.
struck hard blow to theh Ugh cost
of living, and, as she always has be-
fore, will lead the country in all.
movements for the betterment of the
individual, the community and the
country" u 5'b