The citizen. [volume] (Berea, Ky.) 1899-1958, 1919-12-04
BY JAMES p. HoRNAoAv.

who are spending money recklessly.
hut all the information on the subject
~ saving that is coming to the depart.
ment indicates that the great masses
OF the people are paying more atten-
tion 10 saving than ever before. The
TREASURY department Is undoubtedly
good authority on this subject for the
savings division. which was established
within the department during the war.
has been made permanent and Is one
| Of the active divisions.
The thought behind the act Of max
ing this division permanent was that
the government should alwa.s be pre-
pared 70 lead the people along sound
financial paths. II II work In which
the people everywhere have co-operat-
ed In most enthusiastic way. Be
hind the activity OF the savings divis-
ion there is the further thought thar
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 TO help along this savings
idea the government has designated
the week beginning January II. 1920.
az national thrift week. II Is proposed
during that week TO remind the people
hnr m On
and appropriate speeches that the
cause OF good citizenship and good
government can be helped along by
everybody who has money to spare
buying War Savings stamps or deposit
ing money In savings banks.
What We Saved During war.
II does not seem to he generally
known that while the country was buy
ing $4,000. 100000 worth of Liberty
bonds. its citizens put away more than
81 900. 100000 in War Savings stamps,
and that during the war period saw
ings bank deposits in the United States
increased some SsOO0.OOO.00O.
II Is expected that out Of Thrift
sseek 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 II has been proposed by
the treasury department that the
speakers who go 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 budget. keep an intel
ligent record Of expenditures. have
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 I'm order TO make both
ends meet II viii be necessary to sell
both savings stamps and treasury saw
ings certificates. The treasury depart
ment also points out that people who
prefer to invest their savings In
Liberty bonds can always purchase
them through any banking institution
at the current market prices.
The treasury department IL anxious
to have the holders of bonds of the
second Liberty loan understand that
those bonds are convertible into Az
per cent bonds as well as exchangeable
into permanent bonds, and that the
treasury has already prescribed reg
calculated to provide for both
exchanges and conversions with the
minimum Of Inconvenience and ex-
pense to both the government and the
bond holders. Under these regulations
there will be no exchanges Of tempo
rary for permanent bonds until March
rs, 1920.
New Year TO Bring Out Candidates.
The first day OF January next
will mark the beginning of the
that viii eventuate In
the election Of a president and vice
president Of the United States In No
1920. on that day presiden-
hal aspirants must make known their