The herald-advance. (Milbank, S.D.) 1890-1922, 1920-04-23

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To show that such a movement is
essential in America we need only to
be reminded that there was reclaimed
in 1918 almost two billion dollars
worth of waste material: that there
are a million and a quarter dependent
people in America being fed ard cared
for out of the incomes of others: that
out of an average of 100 men who start
in life at 25 with like prospects, it
is found that at the age Of 65 n is
rich, three are we'll to do. six are
still working for a living, So are de-
pendent upon relatives or charity.
while during the 40 a 36 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 field, to every housewife in
the home, these simple principles OF
how to save and how to spend and
l~r~ m nv0ck N0vn0 wuv{Nnlv
Many people ave interpreted this
movement as merely a method Of raising
revenue for the government through the
sale of Thrift and Savings Stamps. On
as essentially an educational campaign
and inferred that the Treasury Depart
ment is not concerned with the sale OF
Savings stamps.
cannot BE Separated.
THE truth Is that the thrift education
Savings stamps cannot be separated in
their objects. They are simply two ele-
ments Of one fundamental purpose: One
cannot be said to be more or less impor-
ant than the other.
III conducted on a high educa tional
basis this ovement will help to elimln
Increase the number of investors in gov
eminent securities, change the economic
habits of the people. n make America
. nation Of savers.
0uu01tu0 N0IsOV0S OuTSOI.
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 ia
have some investment in the securities Of
his W Government.
'The Treasury Department needs mon.
ey and wants to sell every possible
Thrift stamp. Savings stamp and a
ing certificate that can be sold to every
individual who can afford to buy. not Dy
coercion and forced sales but by the
demand. But the movement must dt
more. 1t must improve the financial coz
dition Of the people.
The Machinery Used.
THE machinery which the Treasury
out its part Of this movement consists Of
1.-The Savings Division Of the Treas.
ury Department at Washington.
IA Saving Organization in each O.
the sw:.ye E wits tb Rese Fede a,ifri .ae.e a1s
P~hiiadelphia. Cleveland. Richmond. A.
hnta. Chicago st. Louis. Minneapolis
Kansas City. No.. Dallas and San Fran
Estate and county savings organise
tions In. many states and counties:
IA local savings committee and . 10
cal savings director In each community
Of and Tor the People. Il
''This movement II being. conducted !,
e. .1 ,es scsSi. Of fse ,Si.' the l:.. 's:ti ssbs sin e
thorittes and lesders Of women'e organ
lsssioss. asricaItufsi Interests. churehs
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!l1klsae . psRect.ses q Thrift = : ~