Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1920-04-28
Why Thrift Is Needed.


Why Thrift Is Needed.
To show that such movement is
essential in America we need only to
be reminded that there was reclaimed
in 1913 almost two billion dollars
worth of waste material: that there
are million and qua ter dependent
people in America being fed and 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 IS one 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 years 36 have
died.
"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
err in the field. to every housewife in
the home. these simple principles of
how to save and how to spend and
how to invest money wisely.
MANY ~ oplc have interpreted this
movement as merely a method of raising
sale Of Thrift and Savings Stamps. On
the other hand some have interpreted it
as essentially an educational campaign
and inferred that the Treasury Depart
Savings stamps.
Cannot Be Separated.
THE truth is that the thrift educat ton
al movement and the sale of Thrift and
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 fmpor-
| tant than the other.
basis this movement will help to elimin-
| ate waste and thoughtless use OF money
| increase the number of investors in gov
ernment securities. change the economic
| habits of the people, and make America
| nation of savers
| ouietina 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 it to
| have some investment in the securities of
his own Government. r.!
The Treasury Department needs mon :
| ey and wants to sell every possible
Thrift stamp. Savings stamp and Saw
individual who can afford to buy not by
coercion and forced sales but by the
demand. But the movement must do
| more. It must improve the financial con =
| dition of the people.
| The Machinery Used.
| 'The machinery which. the Treasury
department has established for carrying
1.-The Savings Division of the Treas
ury Department at Washington.
| IA Saving Organization in each OF
connected with the Federal reserve
Philadelphia: cleve1a nd. Richmond, At:
1anta. Chicago St. Louis. Minneapolis
| cisco. #@
3.-State and county savings organiza-
tions in many states and counties:
cal savings director in each community
OF and for the People.
| 4. This movement is being conducted in
the interest of and for the lasting benefit
Of the people. For this reason school au
thorites and leaders Of womens organ
ae9r
| and fraternal societies are accepting
i tlleir3 part Of the responsibility of estab-
| fishing the practise Of thrift as Z seTv.
ice to the public"