The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1919-03-20
SAVING TO STABILIZE
BUSINESS OF COUNTRY
Systematic Buying and Elimina-
ton of Waste Lead to Prompt
Payment of Bills and
Happiness.


the life of the world, TO bring liberty
and to make the pursuit of happiness
possible to oppressed humanity. Peri
odlcally In the United States there
have come times of financial depres-
sion; production has exceeded CON
sumption; factory doors have closed;
workers have found themselves with
out money and the retailers who serve
them have faced the gloomy alterna-
tive of refusing credit and going out
Of business because of lack of trade,
or extending credit and going to smash
because of lack of funds. The store
closes its doors and Immediately other
stores, even those competing, feel the
unwholesome influence. Panic spreads
Just as surely as when there is a run
on bank and failure stares many
merchants in the face.
Now the more thrifty the people of
a community are the more promptly
they pay their bills, and the more
promptly bills are paid the more re-
mote becomes the possibility of fail
ure. If every worker is a systematic
saver, with savings made possible by
careful, Intelligent buying and the
elimination of waste, the hard time
will be safely hriGged and will be tre-
mendously shortened, II is, therefore,
good business for the retailer to join
in a campaign against impulsve buy
ing and waste. The mechanic who, in
flush times, buys an unnecessarily
elaborate article, and who, in hard
times, repudiates his bills, is not as
good customer as the one who used
restraint in his day Of prosperity and
had margin for the rainy day. The
former unde.nines business-the lat
ter stabiizes it.
The iudicious buyer who exercises
care in his purchase also carefully and
conscientiously meets his obligations.
The man Who throws money away
treats his bills as "a scrap of paper"
Waste is an enemy of good business.
In certain districts Of New York inves-
tisators fourd that II ncr cent of the
contents Of the garbage cans was per-
fectly good foJIstulf. Tie amount of
disable matesial abandoned in this
country every year amounts to mil
lions. The farmer leaves the pillow to
rust away outside the barn all win
ter; the housewife overheats the
house the factory worker throws good
material on the scrap heap, and all
those things make 1t possible that in
the United States today there are
1,2J0,000 people, whose working days
are over, dependent upon charity, indi-
vidual and county, to the extent Of
$220,OOO,0O0 a year, dependent because
in their earning days they cultivated
habits of waste rather than those of
thrift.
Education in tErict must be an edu-
cation in values. That education must
extend past the workers of today to
the workers of tomorrow. Hereafter
more of a youths precious school
hours should be devoted to consid-
Grafton Of the principles of how to live,
how TO take a helpful and progressive
part in the problems of workaday
world. The biggest lack in this ma
ton is a department which will teach
the value Of a dollar.
The young man who in school re-
ceved the proper training in thrift
will take account Of The Use of saw
ings. Savings is worse than useless
IL the hard-earned accumulations are
invested IN some Of the innumerable
gold-brick, get-rich-quick schemes
which take millions of dollars out of
our communities each year.
The treasury department Is confident
that no safer and more attractive plan
has been offered for the encourage
ment of small systematic investment
than that of War Savings Stamps. If
the investor can lay aside but % cents
a week he has here the means Of put
ting that amount away in safe Sc
curlty. If he can set aside four dol
lars and few odd cents each week
that amount begins working for him
at Il good rate of interest, which, with
the principal, he will receive at the
end of five years. Let the necessity
OF redemption arise through illness or
hard tlmes-he can have the ready
cash ten days after he applies for It.
In n certain great industrial plant
where 80 per cent of the employees
were regular buyers of thrift stamps
the Influenza epidemic was met with
the minimum of suffering The men
had the funds available for doctor and
medicine and proper food. They met
their bills promptly and did not embar-
rass the merchants of the community.
It would be hard today to get any of
these men to abandon the thrift habit
which the government has taught them.
SAVE IN WAR ON WASTE
Cardinal Gibbons for Savings.
An appeal for continued support of
the governments war savings cam
paign has been issued by Cardinal Glib
bons.
1--WE should welcome the opportunity
afforded by our government" said the
cardinal, "to continue the saving
habit. To buy war savings is the
clear duty Of every American citizen,
young and old. | urge all our clergy
to promote this campaign by ever
means in their power. | urge our
good people TO give their heartlest