Evening journal., 1920-01-20
URGE WORKERS TO
own THEIR HOMES
This is Slogan For Today
in Thrift Week
Campaign
TOMORROW WILL BE
MAKE A WILL DAY"

today in. the Thrift Week campaign.
This subject will be discussed by speak
ers at different industrial plants To-
morrow VIII be "Make-a-Wnl" day.
Speakers at the different industrial
plants at noon today were: Richard T.
Reese at the spcakman shops; Charles
B. Palmer, chairman OF the local thrift
week committee at the Pusey and
Jones punch shop and Stuart Bready at
the Y. VI. C. A.
The meetings at industrial plants yes
terday were well attended.
Lawrence A. Davis, executive secre-
tary OF the national thrift week com
mittee, returned from New York yes
terday with a large additional quantity
OF literature 10 meet the demands
which have arisen since the campaign
opened.
1--WE are conducting this week a ma
tlon-wide campaign on Thrift, the
Young Mems Christian Association, hav-
ing the economic interests OF men and
boys at heart, being the sponsor for
movement which Is endorsd by great
national business organizations. Thrift
What is thrift? II Is good manage
ment OF the business OF living. And
today we are emphasizing the import
ance Of owning your own home. Al
though II may be superiluous for US 10
bring such a message TO you men, yet
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 Country
when he said, Economy makes happy
homes and sound nations and to urge
all who have not yet done so 10 begin
a program that will inevitably lead TO
home ownership.
"The home must be secured through
savings. Thus your first step is to
start bank account out Of which to
pay your current bills by check; and
your second step Is to put surplus
money into a non-checking account
such as the savings bank, the govern
ment savings certificates, the Industrial
and Morris plan banks. or the loan as
sOciations. Once you start to use any
Of these methods OF saving, you estaD-
llsh a financial identification. ] am re-
minded OF the story or Eddie Woods, OF
Minneapolis, who took a trip abroad.
On his way home he reached New
York safely but was doubtful whether
his remaining funds would carry him
all the way back to Minneapolis. So
he sent a telegram to his bank there
asking them 10 send him sil0 by tele-
graph in care Of Kuhn, Loeb and Co,
New York City. The bank in Min
neapolis sent the following wire to
Kuhn. Loeb q Co.
PAY Edward Woods OF Minneapolis
si75. You viii recognize him by a
stammer.
Eddie got home in good time and
went right up 10 the bank, all puffed
up. Il n-never had s-such time In my
Life" he declared. Il w-went mp to
K-Kuhu. Loeb & Co.. and s-said, Have
YOU anything h-h-here fOr-fOr Eddie
W-W-WOods OF -M-MinneapOlls? ?" and
they handed me a hundred and s-s-sev-
enty-fve d-d-dollars without a d-d-dam
word OF Identification" Now we smll3
at Eddie's story. but do you get the
deeper point back Of 10, namely that
Eddie actually had the money in his
home bank to draw on. He had been
thrifty.
"Of the various ways 10 save your
money / believe you Will ind the loan
association most helpful, on account of
the enforced saving, the requirement OF
a deposit on or before a certain date
every month. In the case Of the Per
n. ,ual Loan ~ Ninth and Grange Sts.
the flrst Tuesday Of the month Is Loan
Day" A member falling 10 make the
deposit is fined > cents a share. One
or two fines helps him 10 remember
You can start shares for investment
simply. OF on account OF a mortgage.
Suppose you have enough money TO
make a substantial payment on house,
the loan association will LET You have
40 TO 20 per cent. on a first mortgage.
"Then you carry one share for each
500 OF mortgage and pay interest
monthly. In iSi6 years your mortgage
is paid and the house is yours free Of
debt. And you have done 10 at about
the cost Of paying rent
"If you are unable TO pay sufficient
payment in cash, your builder can often
accommodate you with a note or SEQ
ond marriage. Sometimes your bank
will carry you in this matter.
Using the building loan plan, sup
pose your mortgage Is $1,000. Interest
at 6 per cent is $3.50 a year, or SIS a
month. Eight shares Of stock would be
required: add the interest charge OF
si5 and II costs you SOB a month exclu-
sive Of taxes and fire insurance. You
can pay of the loan in less than isM
years by carrying more than the mini
mum number OF shares.
NOW to sweeten the mortgage, in
case Of your death, be sure to carry at
least as much life insurance as your
mortgage. Should you die before clear
ing 'off the mortgage your insurance
will do II. Do not forget that we are
creatures OF habit and that as the ac-
quiriEg OF a bad habit Is in our power,
so the acquiring OF a good habit is in
our power We can be what we will
10 be. II you do not own your own
home, you csn own your own home, II
you viii pay the price, and the price is
thrift. The banker, the real estate ri3n,
the loan association will help you
when you display that quality.
Remember when you pay rent you
pay the owner Of the house a profit on
his money which you would save for
yourself as owner About ~ per cent.
Of our people own their own ZONES.
but this percentage should be inereas-
ed. Homecoming hearts are happiest
Independence is theirs. No landlord can
move them on. A little garden, an on
ira ROOM on the house, garage for
The automobile, all are possible 10 The
h0me-owner. Suppose. even, IL might
seem more than 10 rent. yet the sense
Of ownership is worth all II costs TO
the man whose wife and children con
d --.----. L.....-.L-