Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1920-01-07
TO FIGHT HIGH COSTS
With SAVINGS WEAPON
War loan Organization Of Fifth Fed
eral Reserve District VIII Con-
tinus to Develop Thrift and
Savings Plan.

| [ Vigorous assistance In the move
ment to reduce the high cost Of liy.
ing, through encouraging sane spend.
ing; will be given by the War Loan
Organization OF the Fifth Federal Re.
serve District in 1920, according to
an announcement made from Rich.
mond, Va, by Albert S. tombstone, di.
rector. for this district, which includes
the State OF Virginia.
With the, foundation OF the govern.
ment's savings movement firmly laid
and with a full knowledge of the ire
mendous benefits which inevitably fol.
low when the principles of thrift are
adopted, the United States Treasury
Department will continue to push the
movement" Director tombstone said
THE War Loan Organization OF
this district has enjoyed the co-opera-
ton Of many able. Citizens" the dis
trict director continued. Numerous
banks and mercantile and industrial
establishments have rendered whole.
hearted assistance while the newspa-
pers Of the district. by their patriot
ism and generosity, haze accorded a
service of inestimabie value.
Spending, Saving and Investing.
"It will be the policy OF the War
Loan Organization Of the Fifth Fed
eral Reserve District during 1920 to
continue to emphasize the Importance
Of spending wisely. OF saving regular.
~ and Systematically, Of investing Ia
sound securities. It will endeaYor to
find or create new markets for 5gov-
eminent securities, and to point out
to investors the attractiveness OF Lib
erty Bonds and Victory Notes. particu-
larly when Bought at market prices.
Also especial emphasis will be given
to the savings movement which is now
popularity identified with War Savings
Stamps and Thrift Stamps.
"A point to be mentioned, but which
no longer needs to be emphasized, Is
that thrift does not mean miserliness
Il means getting your moneys worth;
II means the elimination OF waste; II
cans saving on what you do not
seed; It means the steadfast refusal
10 buy useless luIuries: 1t mans the
most efficient use Of ell natural and
acquired resources: it means safe
guarding against unforeseen emerge1.
clos and protection for the future.
Total Exceeds Billion.
Through this thrift movement. be.
gun in December 1917 the govern.
ment has marketed to millions Of our.
cnasnrs savings securities to total
exceeding s1.121 100000. Despite the
falling of in interest on the part Of
the public in these securities follow
ing the ar,nistice. the sales hogan to
increase la5. su:nticr. showing that
The efforts OF the treasury to stem the
tioe Of extravaganza and develop hab-
Its of saving we're beginning to bear
fruit
This Development OF this sayiaEs
movement during recent months has
been very encouraging. Since the be.
ginning OF the present school year,
more than 5000 savings societies have
been organized in the schools OF thu
Fifth Federal Reserve District. II
many school rooms and grades ever,
child is a member OF a Savings Society,
having agreed to save Systematically
and invest his savings in Thrift and
war Savings Stamps. How much this
movement means potentially 10 sug.
gested by the fact that during the
last two weeks in October children in
the public schools IN Baltimore alone
saved $4,000. investing the whole
amount in these securities.
Upwards OF 1000 women's organi.
cations throughout the district have
been actively enlisted in studying
tudget-making, promoting thrift among
their members and associates. shop
ping more carefully, and in these ways
fighting campaigns in -sraalf OF sys,
tematic saving and wise investment
in government securities in more than
GOO concerns in this district employ
ing more than 5000 people"