Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1920-01-16
TO FIGHT HIGH COSTS
With SAVINGS WEAPON
War Loan Organization Of Fifth Fed
eraI Reserve Diatrict VIII Con.
tinue to Develop Thrift and
Savings Plan.

Vigorous assistance in the move
ment to reduce the high cost of liv-
ing, through encouraging sane spend
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 have accorded O
service Of inestimable value.
Spending, Saving and Investing.
eft 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
ly and systematically, of investing in
sound securities. 1t will endeavor to
eminent securities, and to point out
10 investors the attractiveness Of Lib
erty Bonds and Victory Notes, particu-
farly 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
It means getting your moneys worth );
It means the elimination of waste; II
| means saving on what you do not
| need; 1t means the steadfast refusal
to buy useless Injuries; 1t means the
most efficient use of all natural and
| acquired resources; it means safe
guarding against unforeseen emergen
| cies and protection for the future.
Total Exceeds Billion.
Through this thrift movement, be-
gun in December 1917, the govern,
| nent has marketed to millions of pur
| chasers savings securities to a total
| exceeding $1121,0o0.000 Despite the
| falling of IN interest on the part Of
the public in these securities follow
| lag the armistice, the sales began tt
increase last summer. showing thai
| the efforts Of the treasury to stem the
| tide Of extravaganza and develop hab
| its Of saving were beginning to beal
| fruit
The development Of this saving.
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 tbs
|
many school rooms and grades every
child Is member of Savings Society
having agreed to save system tically
and invest his savings in Thrift anC
War Savings Stamps How much thi
movement means potentially Is sug
| gested by the fact that during the
last two weeks in October children il
the public schools in Baltimore alone
saved $23,600, investing the Who'll,
amount In these securities
Upwards Of 1000 women's organi
cations throughout the district hav,
been actively enlisted in studying
budget-making promoting thrift anon
their members and associates, shor
ping more carefully, and in these way
fighting campaigns in SehaH OF sys
tematic saving and wise investmen
in government securities in more thar
500 concerns in this district employ
ing more than $4,000 people"