Perth Amboy evening news., 1920-10-14
LOOKING TO THE FUTURE.

LIE Savings iedS ue DelHS oiSdhASco
among the various industries in this
vicinity has a greater meaning for
Perth Amboy than would at first ap-
pear. Saving money is the very
foundation of prosperity. But saving
must be done Systematically IL 1t is
to accomplish anything for the per-
son saving.
A few cents a day or. twenty-five
or fifty cents a week seem like such
an Insignificant sum that the average
man is apt to ridicule such an idea.
But the United States government, in
furthering the thrift movement. is
sending men around to the various
industries large stores. and other
places where many persons are em7
ployed, to explain how such a saving
can be made to count.
We have been passing through a
wild orgy of spending. Money has
been so plentiful that 1t has been the
cheapest thing there is. Everything
else has been high. Money could be
bought for the smallest amount of
labor ever in the history of the world,
but it took a great deal of money to
buy the things one wanted. 1t was
because money was so cheap that
other things were high.
But the trend has set in the other
way. Jobs are not so easy to get as
they were. Some industries are work.
ing on part time. 1t takes more
labor now to buy the same amount of
money than it did heretofore. But
as money costs more, to get other
things costs less. This is an econom-
ic law that never fails.
Now, as this readjustment takes
place the average man thinks more
and more of his job. his family, and
his home and he begins to look
ahead to the possible time when
things may not be as rosy as they are
now. 1t will be a mighty fine thing
then to have some money to draw on.
accumulated out of a savings of a
few pennies a day laid aside when
times were good and money was so
plentiful.
This savings league that is being
organized in this vicinity under the
auspices of the federal government.
with branches in nearly every plant,
affords the way. Anyone can join
who agrees to save regularly. If it is
not more than twenty-five cents a
week. The money thus saved Is in
vested in government securities at
good interest and where it is abso-
llutely safe. 1t can be drawn upon at
any time.
1t is estimated that at least one
million dollars goes to work every
morning and returns home at night
with the employees of this vicinity.
This means that this amount is car
ried in the pockets of the workers.
or is sewed up IN the lining of his or
her coat or is tucked away in the
stocking. This money is doing no.
body any good. The holders of this
money. mostly foreigners. are afraid
to entrust their savings with anyone
else. The postal savings is the only
institution that has been able to at
tract any amount of this secret
fund. That is because the foreigner
has come to know that the govern
ment has full charge of the postal
savings.
In the savings league. however. the
government also has charge and Is
giving far greater interest than can
be had in the postal savings. Once
the foreigners come to understand
this. much of this secret fund Is
coming forth to be invested in gov
Iernment securities. This Is then put
in circulation: credit is restored. the
money stringency is lessened and the