The Monticellonian., 1919-12-12

REoPLE EVERYWHERE WILL BE
REMINDED HOW THEY CAN
HEL? GOOD GOVERNMENT
Treasury officials Say That Despite
Much Reckless Spending. Americans
A7e Paying More Attention To saw
ing Than Ever Before.
BY JAMES P. H0RNADAY-

By JAMES P. HoRNA0AY
Tile department of rhc rrrasHry says
that= tha peaHle=eG Ore Omitted S#tcs
+ are making u.s.. ef the la~sau- In ~saine
they learned during tue world #ar
HE department points aH8 thar There
are of course. a great many persons
who are spending money rerk'ezsly.
hut all lhn Information oa=the su6irct
Of saving that is coming to The depart.
HmeHt indieates that the great masses
Of Che people are paving more ottrnz
zion IL saving Than ever before The
treasury department is undoubtedly
good authority on his subject for the
savings division, which established
within the department during Che war.
has been made permanent aud is one
of the active divisions.
The thought behind file act Of max
ing this division permanent WIS that
The government should alWayo be pre-
HHared te lead the people along sound
financial paths. Il is work in which
the people everywhere have ca-eperat-
ed in most enthusiastic way Be-
hind the activity eff the savings dieis-
ion there is the further th0ueht that
The condition Of the individual is i'm
proved through the observance OF
sound financial rules and the financial
and Industrial strength Of the nation
increases through the enormous sums
Of capital which accrue through the
practice of steady saving and safe in
vestments on the part of citizens.
In order "a help alang This savings
idea the government has designated
the week beginning January L. 1920.
- national thrift week II IS proposed
during that week to remind the people
everywhere through public meetings
and appropriate speeches that the
cause of good citizenship and good
government can be helped along by
everybody who has money 10 spare
buying War Savings stamps or deposit
ing money in savings banks.
What We Saved During War.
It does not seem to be generally
known that while the country was buy
ing $20.000.0e0000 worth of Liberty
bonds its citizens put away more than
1000 100000 in War Savings stamps,
and that during the war period say
ngs bank deposits in the United States
increased some Ss000.000 600.
1t is expected that out Of Thrift
week there will grow a general cam
paign in the interest Of careful saving
and wise spending. Attorney General
| Palmer. who has been wrestling with
the high cost of living since last Au-
gust without being able to beat the
cost down to any considerable extent,
is advocating the doctrine Of careful
saving and wise buying as probably
the only real remedy for the high cost
of living trouble A good many wom-
ems organizations throughout the
country have indicated that they are
willing to enlist in the campaign along
the lines proposed by the attorney gen
eral.
In connection with the plans for
Thrift week it has been proposed by
the treasury department that the
speakers who 90 out that week dwell
on the following ten commandments
for the guidance of those who are try
ing to administer their incomes care
fully Make a budget, keep an intel
ligent record of expenditures have a
bank account, carry life insurance,
make will, own your own home
eventually. pay your bills promptly,
invest in War Savings stamps and
other government securities, spend less
than you earn share with others as
much as possible.
More Stamps and Certificates.
The treasury department says that
savings stamps and treasury savings
certificates will be available again next
year at banks and post Offices. 1t IS
not the expectation of the treasury de-
partment that the government will
have TO make another bond sale TO
meet the expenditures incurred during
the war, but in order to make both
ends meet 1t will be necessary to sell
both savings stamps and treasury say
ings certificates. The treasury depart
ment also points ont that people who
prefer to invest their savings IN
Liberty bonds can always purchase
them through any banking institution
- ~ o,,rront market prices
Tho treasury department is anxious
to have the holders Of bonds Of The
s.eord Liberty loan understand that
-. 40 convertible into ~