The Penn's Grove record., 1920-03-19
Savings Societies
Benefit All Workers
Reduce Labor Turnover and
Stimulate Production

the emplOye! How uOeS IL oeheh'
United States? Employers have as
covered that a savings socie:y reduces
the labor turnover, stimulates produc-
tion and makes for better efficiency
among the workers. The employees
gain an honest appreciation oil hlah-
cial freedom and independence III
sure themselves and their families tof
a rainy day, and tie themselves 10 Il
steady job. A savings society makes
for American citizenship. A man WI"
invests in the securities of a govern
ment takes greater interest IN ina
government and is more ready TO up
hold If and its institutions. He De
comes more closely attached 10 H.
and if he is not a citizen, he Will aim
10 become one. Excerpts OF letters
from business men prove these p'hFs
"Now tina. the payments OH Liberty
Bonds are winding up. we look lol
even more savers amOrg our employees
in 1920 than in the past year. we
have made a study of your Thrift plan
and will push it through writes L..
J. Woodward, President of Fitzgibbon
& Crisp, Inc, Trenton, n. j., TO W. D
King. Chairman of Government say
inss Societies, Third Federal Reserve
District.
Regular group saving in industrial
plants is good business from Inc
:. standpoint of both employees and ELM
pIoyers. In his report of January 10
1920. President Woodward continues:
"Nou nay be interested in the sue
cess of the Government Savings Socl-
ely installed in our plant by your
Mr.. Hopkinson, December, 1917
THE educational work of the thrift
plan as outlined in the Get he ab.'
letters which we put out in he pa
envelopes of our 300 employees. proved
The stepping stone for weekly saving
BY means of Thrift and Saving
Stamps. The savings averaged S29OV
q week.
I'VE continue 10 keep up the interes'
by using the pay envelope Work Ii
save inser.s. etc., and believe ,ha
the results already attained justify II"
encouragement of tie plan a> ZOO
business from the employers ssani
point.
"Our experience has zee ia: h"
majority of employees LOW 1eSire |"
work harder So ;Aa he; ma ear!
more H. order &c save ard lives =
Government Stamps. where heir
money is safe and secure aga.ns' .os>
az depreciation All his Eelp> greatly
u increase production"
Thar :he instalment Of these SocI
cites into the various business places
| helps the workers 70 save regularly
and more easily. tends % >'ahil.ze
labor and makes for better citizen
ship, The following excerpt of a 'et;er
from II. S. Taylor, Secretary of he
Savings Society of the New York
Ship Building Corporation, is concrete
evidence:
an our Lumber Shop, the labor
turnover was almost 100 per cent
every two weeks. The War Savings
Society secretary for that department,
which, by the way, was made up en-
tirely of cOlored people, paid little or
no attention to Them, because it was
impossible TO do anything in the line
of stamp saving. His girl friend hap
prned to be secretary of another de-
partment showing very good results.
TO compete with her, he insisted that
all he cOlOred men in his shop be-
come ave For q period of months
there has been almost no change in
result of his efforts.
Promotes Citizenship.
"ln the plate and angle shop. a de,
partmcht of about 800 men. having
many foreigners. Il canvas was made
/" find ont men desiring citizenship
papers, every one was saving money
huying War Savings Stamps, while
everyone who refused was not buying
.hrmA"
Spventy-one out of eighty employees
at \lvah Bushnell Company. Philadei
men; Savings Stamps fhe sum Of
$500 in 1919. And for The month
If .Ianuary, 1920. he same number
.avcI III stamps S3M3.00. Most 0i
lheSe having paid off their Liberty
Bonds. turned 10 the Stamps. They
have lie nabit of sNS enatic saving
aud safe investment.
The Gel the Habit letter has help
cd lis IN increase he membership If
II Savings Scciery over $50 per cent
We now have e 80 per cent men
hership Our savings for the montf
of January show ali increase of 10
per cent over fhe hest month of las
year. This is gratifying To me, ant
! attribute u considerable amount ot
his success to the timely work of oul
organization" writes Mr.. Thomas vii
liam Dicker, Jr., Secretary of the Saw
ings Society at the Alvan bushnell
Co. 70 the Savings Division Quarters
The labor turnover is greatly re-
duccd when the employees are savin.
rather than spending in advance The
wages of the coming week or two