The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-13
save, n
money.
Why Thrift ls Needed.

To show that such movement is
essential in America we need only to
be reminded that there was reclaimed
IL 1918 almost two billion dollars
worth Of waste material: that there
are a million and quarter dependent
people in America being fed and cared
for out Of the incomes OF others: that
in life at rs with like prospects, it
fs found that at the age of IS one is
rich, three are we'll to do, six are
still working for living, So are de-
pendent upon relatives or charity,
while during the 40 years 50 have
died.
1.-The object Of this movement is to
encourage people to save and not to
sacrifice: to encourage wiser spend
ing and not to discourage spending;
to enlarge the independence of the in
dividual and not to restrict the sane
and worth while pleasures of life.
How to Spend and How to Save.
Through the channels existing,
educational and other agencies, the
purpose Is to take to every child in
the school, to every workman, in the
factory, to every clerk in the store,
to every manufacturer, merchant and
banker in his business, to every farm
er In the fold. to every housewife in
the home, these simple principles OF
how to save and how to spend and
how to invest money wisely
Many people have interpreted this
movement as merely method OF raising
revenue for the government through the
sale Of Thrift and Savings Stamps. On
as essentially an educa tiOnal campaign
and inferred that the Treasury Depart
ment is not concerned with the sale OF
Savings sta mps.
Cannot Be Separated.
1.-The truth is that the thrift education
al movement and the sale of Thrift and
Savings stamps cannot be separated in
their objects. They are simply two ele
ments Of one funda mental purpose: One
tant than the other
III conducted on high educa tional
basis this movement win help to elImin-
increase the number of investors in gov
eminent securities. change the economic
habits of the people. and make America
z nation of savers.
ouietlne National Unrest.
"There is probably no better way to
stabilize the citizenship Of this country in
these days of readjustment and unrest
than for everyone who can afford 1t to
have some investment in the securities OF
his own Government.
1.-The Treasury Department needs mon
ey and wants to sell every possible
Thrift stamp, Savings stamp and Saw
ing certificate that can be sold to every
individual who can afford to buy, not Dy
coercion and forced sales but by the
craftsmanship that will create a normal
demand. But the movement must do
more. 1t must improve the financial con-
dition Of the people.
The Machinery Used.
1.-THE machinery which the Treasury
department has established for carrying
out it's part Of this movement consists Of
1.-The Savings Division of the Treas
ury Department at Washington.
the twelve Federal Reserve districts an;:
banks, located at Boston New York,
Philadelphia, Cleveland. Richmond, At
lanta. Chicago, st. Louis, Minneapolis.
. Kansas City. Mo-. Dallas and San Fran
cisco.
3.-State and county savings organiza-
tons in many states and counties.
"A local savings committee and To-
cal savings director in each community
OF and for the People.
This movement is being conducted ir
the interest of and for the lasting benefit
of the people. For this reason school au-
thorities and leaders of women's organ
1zations. labor groups, commercial organ
izstions. agricultural interests. churches
and fraternal societies are accepting
their. part of the responsibility Of estab
fishing the practise of thrift as . Serv.
ice to the public" e.. ~