Every evening, Wilmington daily commercial., 1920-01-20
WORKERS TOLD
OF THRIFT WEEK
Chairman Charles B. Palmer at
the Pusey ss Jones Works
Today.

TIis being industrial day IN 1hrlit
Week, Charles b. Palmer, chairman oi
the committee in charge, MADE an 'u-
dress at the Pusey d Jones works toqay.
He gave . clear explanation OF the th'he
week
I'VE are conducting this week nation
wide camnaiCn on thrift, the foung
Mems Christian Associa ton. having the
economic interests of men and boys at
heart. being the sponsor for movement
which is endorsed by great national bust
ness organizations, he sand. Thrift.
y hat is thrift? 1t is good management OF
the business of living. And today VIC are
emphasizing the importance oil owning
vo,ir own home. Although il NAV be super
tluotIs for us 80 bling such a message to
vou men, vet in the thought that some
among YOU have not yet achieved the
ownership of their own castles, let me
bring the words of the father of his coun-
try when he said Economy makes happy
homes end sound nations, aud to urge aii
who have not vet done SO to begin pro-
gram that viii Inevitably lead 10 home
ownership. The home must he secured
through savings. Thus your first stcn is TO
start bank account out of which to pay
your current bills 10y check: and your sec
ond step il to put surplus money into .
non-chccking account such as the saw
inCs bank, the government savings Ger
tifcats-s. the industrial and Morris plan
banks. or the loan associst stiOns. Once Vou
start to rise any Of these methods OF saw
inc. YOU establish . financial idontitlca~
ticn. | am reminded Of tho story OF Eddie
Woods of Minneapolis, who took TIP
abroad On bis wav home he reached New
York safely but was doubtful whether hrs
remgining funds would carry him III the
way back 10 Minneapolis. So ne sent
Telegram to his bank there asking them
10 send him Sl35 by telegraph III carr ot
Kuhn, Loeb and Go, New York City.
The bank in Minneapolis sent the follow
ing wire TO Kuhn. Loeb Il Co. Pay
edward Woods of Minnea polls sl75. You
will recognize him by stau,mCr. Eddic
got home in good time and went right up
10 the bank all pulled up. 4 n-novcr had
r-such time in my l-hie. he declared.
I w-went up to k-I<uhn, Loeb 4 Go. ami
s-said. Have YOU anything h-h-hcre for
Tor Lddic W-W-Woods of M-M-Minuc-
snolis,' and they handed tnc q hundred and
--s-scventv-five d-d-doilars without 2
eord Of Identification Now We smile at
Eddic's story, but do YOU get the deeper
ooint back ct it. namely, that Eddie
actually had the money IN his home bank
to draw on? lie had been thrifty.
'0f the various ways to save your
money, | believe YOU VIII find the loan
lssoclaton most helpful, on account Of the
,niotrod saving. thr requirement Of = de-
n1s,t on or before b certain date every
month. You ,ssn start shares f0T invest
.qcnt simply, or ON account q q m0stgage,
suppose YOU have enough money 70 make
: substantial payment on house, tho
loau association will let you have 40 TO 20
la7y one share for each 500 Of mortgage
and Pay interest monthly. In 1874 yeas
your mortgage il paid aud the house Is
YOURS free OF debt And YOU have done it
AZ about the cost of paying rent. Ii you
4rc unable 90 pay sufficient FIRST paymcnt
n cash, your builder can often acroTnrno-
late YOU with note or second mortgage,
>-umetimeS your bank will carry YOU IN this
matter Using the building loan plan say
tos,, YOUR mort gage Is 5000. Interest Sc
& pp- cent Is $50 = year, or SIS month
Light shares 4 stock would be required;
add the interest ella ge of SIS and it coata
Vou SIS a month exclusive Of taxes and
tirc insurance. You can pay of the loan n
lcss than 1875 YEARS by carrying moro
;han she minimum number Of shares
Yesterday was Life Insurance Day 10
the programs. At many industrial
plants there were uoonday meetings when
his phase of thrift was emphasized by
speakers.
Among those who spoke today was T.
Blair F2v Of y ashington, d. C., who sd
crossed the workIncn st the Hilles end
Jones plant. MIR. LILY said in part:
Work and earn The great need Of
.e world Is production and every man
night to use al of his brsin power TO fhe
sTesicst advantage 70 arm all he can and
hen he ought 10 plan s budget TO wisely
pend those sacred dollars in which he
naS TO put so much Of himself. We ought
10 so arrange shat budg that cach mcm-
her 0f our tatniics gets their full share.
Money Is such an elusive thing, IS soon 3
.e gpt 1t VIC ought 10 deposit ii IL the hank
NC All know how Inc money NC Keep IN.
oar pockets hfEsS away as il VIC had holes
IN them.
''No man knows hcw much credit Is
worth. better ta4n the man that u3s lost II
~ not paying ns bills promptly Keep
iug our oh.lgau3Rs with our feliownen
hcips Us to hold our heads higher and gives
"a = strength 81 the financed world as
nothing Else can.
= hl> Is National Life Insurance T}a yAad
cVe,y Y rnsa ought 70 carry lie insurance
to ~ ntect hls loved ones and ia buiId an
a. tate 10 take cas- o. himself " hen be has
0C8D old
1t viii save small part Of your sa,a-y
each wear 1t will help IA bay that home
YOU ought to own II will noy oniy hedge
that mortgage but viii pav il Oil Aiake