Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1919-09-19
SAVINGS BODIES
URGED TO HELP
HIGH LIVING COST
Government Director Lewis
Makes Appeal to Six Million
Members-Seventh District
Takes Action.

Active entry into the campaign to
lower the cost of living is urged upon
more than six million members of
War Savings societies throughout the
country by William Mather Lewis, di-
rector of the savings division of the
treasury department. The message
for Chicago and the rest of the sew
enth federal reserve district was sent
by Mr.. Lewis to w. B. Bosworth, ex-
ecutiye secretary of the District War
Savings organization. There are 160,-
600 active savings societies, chiefly in
industrial concerns. In his appeal Mr..
Lewis said:
mo solution Of the high living costs
can be reached until the country
shakes off it's presnt spending intoxi-
cation and settles down to demanding
a dollars worth of food or material
measured by the labor or effort re-
quired to obtain that dollar. Millions
Of people are not spending from their
earnings, but from their savings of the
past two years.
Liberty bonds and other securities
accumulated by patriotic sacrifices
during the war are being cashed at a
loss to the purchaser to buy luxuries
at prices exOrbitant even for luxuries.
It is not essential that we return to
the extremes of economy and sacri-
fees of war times, but it is essential
that we keep firm hold on the savings
accumulated during the war, not only
as matter Of personal benefit, but
as factor in bringing prices down.
Enrolled in these government saw
ingS societies are more than six mil
lion people close to the very heart of
American industrial life. 1t is in their
power to increase the flow Of produc-
tion. 1t is in their power to- check
waste among themselves and those de-
pendent upon them, as well as in the
communities in which they live. This
can be done by wise buying and treat
ing what they buy with respect to the
hours of labor its purchase cost them.
1t is in their power, through regular
and consistent saving and safe and
conservative investment in such Sc
curities as War Savings stamps and
Treasury Savings certificates to add
to the capital necessary for industrial
expansion and increased production.
"The savings division of the treas
ury department, therefore appeals to
the savings societies to re-enlist in
this campaign. They can show the
people of America how, and what to
buy. They can teach how and when
to save. They can assure larger
part of our national effort to produc-
ton Of necessities. They can aid to
bring about increased employment and
prevent the lowering of the general
standard of living in America"
Harry Edwards Clay, manager of
the War Savings stamp societies for
the seventh district, lost no time send
ing out an appeal to the 100000 mem
bers in Illinois, Michigan, Iowa, Indi-
ana and Wisconsin backing up the
plea from Washington.
"There is no more potent factor In
the present campaign to cut the high
living cost than the government say,
ings society. The statement Of Mr.,
Lewis gives another reason why men
and women should join these societies,
and why those who are members now
should become active In the work. AS
Director Lewis says, they can show the
people of the country how, when and
what to buy. and they have it in their
power to increase the flow Of produc-
ton and check waste among them
selves and others In their community,
as well as to assist In prosecuting
cases of prof1teering. This work will
help each one individually. 1t will
aid in bringing about better condi-
tions."