The Penn's Grove record., 1920-10-29
THRIFT REMEDY
FOR HIGH PRICES
Secretary Of Agriculture Calls
FaTmarS Backbone Of Nation.
Recommends Government Securities as
Best and Safest investment.

"The entire world at this time is
striving frantically to regain IFS equl-
librium which was so sadly disturbed
by the European war. Here in the
United States u great problem is
The Sterilization of prices that we may
escape the great and unnecessary bur
den that inflated prices infiict. The
greatest stabilizer in the country to-
day, and one that we may all employ,
is thrift" states Fred Rasmussen,
Secretary of Agriculture.
by the practice of thrift, we may
curtail our demands on the other in
dustries, thus aiding in solving the
problem of under-production which Is
in a large measure responsible for OF
high prices" continues the secretary.
Nowhere is there a more excellent
opportunity for the practice of thrift
than on the farm. The farmer, 10 be
thrifty, must study and understand his
land and its needs. He must also I'M
derstand the conditions in his neigh
borhood, that he may produce the
crops that are most needed and that
find easiest sale. He must strive to
produce the highest quality of pro-
ducts and he must make every acre
produce its maximum quantity.
But true thrift embraces many
other things. The farmer must study
feeding, so that he feeds his live
stock and his poultry at a minimum
of cost with a maximum of efficiency
He must study his sol! fertilization IN
the same way. SO that he does not
needlessly expend great sums for i'm
proper fertilizers.
HE must care for his farming ma
chinery. protecting it from the wealth
err and seeing thai it is stored properly
and kept in such shape that each piece
will last until it has been worn ou'
by actual service. and not by careless
ness or the elements With the pr.ce
of leather so high, he should carefully
clean and oil the harness from time
to time. that II may render longer SER
vice He should maintain his build
ings and fences in such condition that
his CROPS are uOl lIhCia W oiiS "
the weather or from straying cattle
"In short. the farmer. 70 practice
real thrift. must do everything within
his power 10 increase MS production
and the Standard of his products.
while at the same time sparing no eff.
fort 20 reduce the cost of operating
his farm to the minimum consistent
with efficient management, so as TO be
able 20 lay aside a part of the income
for future use.
The farmer who, by thrift and good
business practice, has acquired funds
over and above the amour needed as
working capital in the operation of
his farm, is confronted with the ques-
ZION of safe investment. which vii!
yield a reasonable return"
Secretary Rasmussen in discussing
| the question of investment, particular
~ in connection with wild cat pro-
motions and stocks. advises strongly
safe and secure investments. He
says:
81 know no more suitable securities
thar the Government Bonds and Saw
ings Stamps of $500 each, maturity
value, and the %ive-year Treasury Saw
ings Certificates in denominations Of
$4,000 and 100000 at maturity. They
are absolutely safe. convenient and
profitable; they net 4 per cent inter
est compounded quarterly; are prarti-
cally tax free; never depreciate in
value; and may he redeemed for cash
when needed.
'The individual investment in these
securities will help Uncle Sam to
make things go. He needs the coop
Grafton of our farmers. They are he
backbone of our national life and its
finances. They help make our future
secure. l hope this opportunity viii
he fully grasped, for therein lies a
mutual benefit TO every one Of us