Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-05-20
THRIFT LEADERS
! URGE CONSERVATION
Must Stop Unnecessary Buying
and Speed Up Production In
Order to Prevent a Smash
Liberty Bonds at Present
Fine Investment

Thrift leaders ard heads Of different
Womep's organizations from all orsr the
ptdte gntbsred at the Hotel Vernon!
thursday IN restp,nse to IA invitation sent
ont by ld.s. fisrriet sri!he OF Montpelier.
synts dirento" of savings. to talk over
the problem o; yatting Vermont to fapo
holi 81 the idec Of conservation. The
whole hea of the conference WAS to make
psople realize that in order TO have
things adjust thernscl".:s :.ormallv and
avoid n Smash. cveiy NE mus. sLop ply
Ing unnecessary things ard spec. up pro-
1uctjon.
Mrs Smile presided and gave the adj
srcss OF we.cone, falling briefly how wt,ll
The school children Of Vermont are work
lnJ to save c,oroy. Mis. w. j. WATSON
war unable 60 be present and Mrs. Her
sert Sucyney % Pos.on. the New England
chairman 81 wohen'S organizAt'onc. spoke
b-ia!ly c. wcmen ind tGrd.. tah'1g OF
the plan tina: all tn, woman OF tha state
work 20 use al organization and all re
Instruments cf conservation so there
would he TO duplication Of effort. in
short tbat there should b. the sama
sp!rit Of cooperation everywhere rs cE-
,sted ,iur..,a tho war "Co8se-vat.on or
health " sho said. us taken caro- oH by the
state that % natural rcscnr"rs by tho
civics departments. that OF possessions by
The home economics departments. The
matter of Investments is .2hen caro- or
oy the savings divisions, but that is usu-
ally overlooked by clubs and without the
financial side, the others are not as ei-
esctive. The country needs new capitai
and 1t can only be furnished through the
savings of the people. The savings diVi-
sion Is hoping, therefore, that all CLUBS
will introduce a department to study IL
nancial problems"
Prof G. G. Groat Of the University OF
Vermont talked of the economic condi-
tions which have followed the war He
said that the present extravaganza OF
the country will be responsible for future
suffering If 1t is not stopped. he
attributed this spirit Of extravaganza to
the fact that the people had become hard
ened to spending large sums of money
and still thought It necessary, even in
private life.
C.. p. Smith gave a short talk on the
necessity of investment Mr.. Smith out
lined the growth of the small savings
banks and contrasted American prodigal-
ity with French frugality. He told how
the banks are trying to help people to
keep their Liberty bonds by loanng them
money when they need 1t, and said that
one of the best investments anyone could
Liberty bonds at their present low price.
DR.. c. F. Dalton. secretary of the State
Board of Health. talked on the conserva-
ton Of health from an economic stand
point, showing what tremendous waste
to the State were the preventable diseases
Miss 8. Agnes Donham of Boston. home
economics expert, showed how beneficial
was the conservation of time, energy. ma
tsrial possessions and money Time care
fully planned will give leisure; energy
carefully planned will give an oppor-
tunity to engage in new interests. The
planning Of material possessions will give
better results in everyday life. If
plan is used in the handling of food
the result will be cheaper and better food.
If the wardrobe is planned the garments
will be better fitted to be worn together,
there will be better quality and the un-
necessary will be eliminated Finally, a
budget gives better returns, there Is more
money to save more money to give, more
money to use for education and more
money to invest and help in the develop
ment of natural resources and industries.
Mrs. Charles Heard of Boston talked
on the subject of government securities
She said that the minute anyone spends
money he becomes a partner In the f1nan-
ciaI circle Of America. One of the rea-
sons for the present economic trouble, she
said, is the fact that most of the people
have forgotten that the war has not been
paid for. The bills of a nation must
always be paid by the savings of the
masses. in peace as well as in war. In
stead Of keeping on saving after the
armistice was signed the people turned
around and used their Liberty bonds as
cash to spend for merchandise, throw
ing them on the market faster than the
investing public could reinvest and thus
making the price drop. They forgot that
while they borrowed to buy they must
save u pay. The thing for most people
to do is n6t to sell their bonds, but
TO add to their holdings while the bonds
are low In price. Then, besides being a
good investment. the people would be
sharing in the government Of the coun-
Try as the French are doing.
Mrs. Guerney In a short talk said that
The work of thrift in its new meaning Is
the development of democracy 1t means
doing away with artificial distinctions
ana making rea! and practical the ideals
ana principles upon which America was
founded, for no nation can be great
spiritually and morally unless It has
as foundation sound economic and imam
rial principles.
All of the women who attended .he
meeting seemed very much Interested IN
organizing to make Vernon. incre thrifty
md In introducing u finanaia! cspartmsr.
INTO their clubs.